United Fire Group

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Surety Underwriter Trainee

Surety Underwriter Trainee

Job ID 
2017-1546
# of Openings 
2
Job Locations 
US-IA-Cedar Rapids
Posted Date 
8/17/2017
Category 
Surety
Travel 
10%
Company Car Provided? 
No

More information about this job

Overview

We’re looking for an ambitious, career-minded individual with a strong financial aptitude and outstanding people skills for a professional career in Contract Surety Underwriting.

 

JOB SUMMARY

 

As a Surety Underwriting Trainee, you’ll learn to produce and underwrite a profitable book of surety business by building and maintaining strong relationships with independent agents.

You’ll use your analytical and decision-making skills to evaluate risk and determine acceptability within company parameters. On-the-job training will help develop your ability to determine acceptability of surety submissions, perform analysis of financial statements, read applications, analyze credit reports, as well as learn to use other sources of investigation.

The training program will teach the employee to work toward a profitable and controlled level of growth by servicing the existing business and meeting or exceeding the Department annual goals and objectives. The program will show the employee how to make recommendations on existing accounts.

Through travel with other underwriters in the department, the employee will learn to make successful agency visits, conduct beneficial contractor visits, and market our contract surety products to existing and new agents. After three to four years of training, relocation to other UFG locations is a possibility, if all parties are agreeable to this.

Responsibilities

    • Learn to efficiently underwrite new surety submissions. Gather information regarding financial status, credit standing, and organization profit to analyze and determine acceptability of the risk.
    • Interaction with professional NASBP member agents as well as other agents who do business with UFG.
    • Become experience in new market development; ability to prospect, appoint and manage producer relationships to achieve production and profitability objectives.
    • Learn how to develop a profitable book of surety business of varying degrees of complexity for assigned territory, taking into consideration the strengths and weaknesses of the producer plant /territory and competitors, divisional objectives and overall market conditions.
    • Develop a solid following of existing broker and agency relationships within the assigned geographic region.
    • Make prompt, sound decisions within underwriting authority based on appropriate underwriting information consultation.
    • Accountable for accurate underwriting documentation/ information in account management systems and adherence to documentation standards.
    • Negotiate terms and conditions consistent with market segment requirements and standards within submission timeframe.
    • Attend selected industry events that provide interactions with producers and/or potential accounts.
    • Independently exhibit initiative with strong focus on results.
    • Responsibility for building and maintaining effective business relationships with internal and external customers/coworkers in order to attract and retain profitable business.
    • Travel is required with frequent overnight stays; up to 15 to 20% of time will be traveling. Must have a valid driver’s license. Travel will increase as experience and responsibilities grow.
    • Perform special projects as assigned.

Qualifications

REQUIREMENTS:

  • Ambitious career minded candidates with a strong financial aptitude and outstanding people skills for a professional career in Surety Underwriting.
  • Should be proficient in: risk evaluation, contract knowledge, common sense judgment and big picture views.
  • Strong communication (written and verbal), influencing, negotiating, listening, and interpersonal skills to effectively develop/maintain productive internal and external relationships.
  • Job requires an ability and willingness to learn financial analysis; an aptitude for numbers and finance is desired.
  • Ability to maintain strong working relationships with agency force to attract profitable business for UFG.
  • Good decision making skills are required; training will develop decision-making skills that will best benefit the company.
  • Ability to successfully deal with people in a tactful and diplomatic manner, to promote a positive company image with a focus on providing quality and timely service.

 

EDUCATION & EXPERIENCE:

  • Four year college degree is required; majors in Accounting, Business Administration, Finance or Economics are preferred.
  • Be actively engaged in additional industry and professional development and designations (AFSB, CPCU, MBA, etc.).       Additional classes and training required. UFG offers tuition reimbursement.
  • Candidates must have effective analytical, interpersonal and written/verbal communication skills.
  • Ability to perform fundamental financial analysis and willingness to travel.
  • Must be proficient in Microsoft Word and Excel.

 

Interested candidates should apply online at https://careers-unitedfiregroup.icims.com

 

 

WHY UFG?

 

Our success is built on a foundation of trust because we know trust matters- not just to our customers and shareholders, but to our employees as well. We’re proud to offer a trustworthy, financially-stable environment that allows our employees to contribute to the success of the company while growing their own careers.

 

You’ll find that you’re able to see yourself in the big picture from day one. And the big picture at UFG isn’t just about your job. We encourage our employees to develop a work-life balance by taking advantage of our flexible work schedule options. Tuition reimbursement, a wellness program and paid community service hours are just a few of the additional benefits we offer to ensure our employees are happy and healthy at UFG. We encourage you to take a look at our full list of benefits on our Employees Benefits page.

 

 

In addition to traditional benefits including health insurance, paid time off and a 401(k) plan, these extra work-life balance perks and our positive, team-based culture helped earn us a “Top Workplace” designation for three consecutive years by the Des Moines Register. Our dedication to trust and conservative approach to fiscal responsibility has also earned us a spot on Forbes’ America’s Most Trustworthy Financial Companies” list for four years in a row.

 

 

OUR CORE VALUES

 

We believe core values are not just what a company stands for, but what our employees’ value. You’ll notice each of our core values is action-oriented and includes the word “our” or “we,” because these are the values our employees embody and choose to live out each day.

 

Respect: the foundation of our working relationships

Aspire: the passion we feel for our business

Create: the innovative solutions we deliver

Serve: the key to our success

 

If you share the same values and vision for success, we invite you to apply online: https://careers-unitedfiregroup.icims.com

 

We hope you’ll find your place at UFG.

 

 

EQUAL OPPORTUNITY EMPLOYER

United Fire Group has a policy to provide equal opportunity for all. We continue to take positive action to recruit, hire, train, transfer and promote persons in all job categories based on the individual’s ability to perform the job and without regard to race, color, religion, creed, sex, age, national origin, sexual orientation, disability or genetics.

 

UFG is an E-Verify Employer

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