Surety Underwriter

About the Role

This is an entry-level role at Jet Insurance Company, focused on providing efficient client services and performing underwriting for new inquiries and policy renewals. As an underwriter, you will assess and evaluate risks associated with bond applicants and determine price and terms for issuing bonds.

Key Responsibilities

• Application Processing: Receive and underwrite new business applications from clients via phone, website submission, or mail. Ensure all necessary information is provided and accurately recorded in the system.
• Underwriting analysis and quoting: Review and analyze incoming bond applications to determine eligibility based on current Underwriting guidelines. Evaluate the financial strength, creditworthiness, and overall risk profile of applicants.
• Customer Inquiries: Respond to inquiries from customers regarding underwriting determinations, premiums, and other related business questions. Provide clear and accurate information to assist customers.
• Communication: Collaborate with other business units, including other underwriters, to gather additional information, clarify application details, and discuss risk assessments. Communicate underwriting decisions and provide explanations to Business Unit Leaders when necessary.
• Market Research: Capitalize on additional marketing opportunities and industry insight through customer relationships and consistent review of competitor pricing.
• Claims Intake: Receive and review new surety claims, utilizing written claims SOPs. Gather essential information such as bond details, loss descriptions, and supporting documents.
• Maintain accurate business records and documentation of underwriting decisions, including supporting analysis and rationale for out-of-the-box approvals or rejections. Ensure all necessary paperwork and files are properly organized and maintained.

Flexibility for additional tasks is necessary for success in the role.

Requirements & Tech Stack

• Microsoft and Google applications.
• Ability to quickly learn proprietary software used in the underwriting process.
• Strong verbal and written communication skills.
• High level of accuracy and attention to detail.
• Adaptability and willingness to learn.

Qualifications

• A bachelor's degree is a plus but not required.

Training will be conducted under Jet Insurance Company's divisions (BondExchange and Jet Insurance Services) for several months to provide proper breadth of industry knowledge. Entry-level employees are expected to move into an industry-focused business unit or wholesale targeted region.