Job Description

Reporting to the VP Surety Operations or AVP Surety Underwriting. Effective risk selection of new and renewal business with a monetary authority limit of no more than $2MM according to standard Unit practices. Ensure agent compliance with underwriting guidelines. Provide prompt service and support for all activities to field offices as required.

Responsibilities

• As to risks submitted by field offices/agents and as to specific risks assigned by MGU management, gather underwriting information and render underwriting decisions on bonds/aggregates (new and renewal) within authority levels granted under attachments based on the following (which will vary, depending on size and nature of risk):
  • F/S analysis
  • CBP transaction and activity analysis
  • Indemnities
  • Review of collateral submissions
  • Other facts coming to bear risks undertaken
• Service as required by production facilities, including RTS regional offices, brokers/agents appointed by RTS, etc. Such services may include, but are not limited to:
  • Execution of bonds beyond authority of production facilities
  • Explanation of underwriting decisions
  • Handling of general questions regarding the underwriting process
• Use IT systems/maintain records (electronic or otherwise) as required by MGU management – systems include but not necessarily limited to:
  • Proprietary and Non-proprietary software (e.g., MS Office) provided for use
• Render assistance/support to claims staff as directed by MGU management, or when requested by claims staff:
  • In connection with principals having open risk
  • For general guidance on the customs process
• Assist Underwriters and Supervisors as directed
• Participate in in-house training as applicable and provided and assist in training of Underwriting Associate and Underwriting Assistant
• Carry out such other underwriting/claims-related activities as may be assigned by management consistent with this position’s level of expertise

• Follow all company procedures and guidelines and complete all required courses related to the same as designated by the Vice President of Legal Affairs.