New Business Underwriter- Surety Bonds

Job Description

Job Description

As a New Business Underwriter for Jet Surety, your primary responsibility is to provide efficient client services for all new inquiries. As an underwriter, you will assess and evaluate risks associated with bond applicants and determine price and terms for issuing bonds.

Job Responsibilities:

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

The task descriptions provide a general overview of the key responsibilities involved in the role, however flexibility for additional tasks is necessary for success in the role.

Job Qualifications:

• Education: A bachelor's degree is preferred with areas of study including finance, economics, business, or a other related fields.
• Computer Skills: Proficiency in Microsoft and Google Drive applications. The ability to quickly learn the proprietary software used in our underwriting process.
• Communication Skills: Associate Underwriters need to effectively communicate their decisions and recommendations to clients via phone, email, and mail. Strong verbal and written communication skills are necessary to convey complex information clearly and professionally.
• Attention to detail: A high level of accuracy and attention to detail is crucial to identify potential risks and make rapid informed decisions.
• Adaptability and willingness to learn: The associate underwriters position exist as stepping stone to future leadership, so an openness to acquire new skills and a willingness to adapt to changing circumstances and responsibilities is essential.

\nCompany Description

Jet was founded by people with experience across the surety industry - all driven to bring a much-needed overhaul to a niche, antiquated insurance industry segment. This entrepreneurial spirit carries over to our selection of team members. Jet Insurance Company offers a future career providing unmatched opportunities for growth.

Company Description

Jet was founded by people with experience across the surety industry - all driven to bring a much-needed overhaul to a niche, antiquated insurance industry segment. This entrepreneurial spirit carries over to our selection of team members. Jet Insurance Company offers a future career providing unmatched opportunities for growth.