Description
Old Republic Surety Company (ORSC) can proudly say that we attract and retain people who are the best talent in the business. We are growing across the country which is creating new opportunities within the organization. ORSC ranks among the nation's top underwriters of contractors' performance and payment bonds, miscellaneous surety, and commercial fidelity, offering thousands of types of bonds. We have an exciting opportunity to join the Sacramento, CA branch as a Contract Underwriter.
Under the guidance of a marketing and/or underwriting manager, the Contract Underwriter analyzes all relevant information on bond renewals and submissions and underwrites within authority limits or recommends underwriting decisions to the manager.
Essential Duties and Responsibilities:
1. Underwrite bonds within authority limit, and/or make underwriting recommendations to management that will contribute to the Company profitability objective.
2. Develop and apply financial analysis and underwriting skills which lead to acceptable loss ratio objective.
3. Demonstrate proficiency in applying Company underwriting procedures and policies.
4. Participate in regular travel of the assigned territory by use of motor vehicle (personal, rental and/or company provided), public transportation and/or airplane. Travel is including, but not limited to, attending agency visits to maintain current business and/or obtain additional business, participating in industry specific events, and meeting with prospective business partners.
5. Develop and maintain rapport with agency plant and service agents to enhance marketing efforts.
6. Collaborate with other Company employees to promote efficient and effective underwriting services to agents.
7. Enter information and maintain the agency database utilizing Customer Relationship Management (CRM) software to assist in the marketing growth objectives of the respective branch and/or home office. Utilize data to grow business.
This position requires a High School diploma, or equivalent, and a minimum of 18 months bond industry or related experience, or an equivalent combination of education and experience.
A motor vehicle operator's record that is considered satisfactory as defined by the company and/or corporate procedures is required.
This role requires one to work independently and effectively within a fast-paced environment. Proficiency with Microsoft (MS) Windows and Office products is necessary. This position also requires proficiency in the use of computer systems. Other skills necessary include excellent oral and written communication skills, accurate proofreading skills, the ability to maintain accurate records, the ability to exercise discretion with confidential information, excellent organizational skills, strong attention to detail, and the ability to use a variety of office equipment.
What we Offer:
Financial
- Competitive salary
- Bonus plans (applicable positions only)
- 401k Retirement plan (with discretionary matching plan)
- Baseline Security Plan (discretionary retirement contribution)
- Personal accumulation of travel rewards
- Verizon wireless employee discount
Health
- Health Insurance
- Dental Insurance
- Flexible Spending Accounts
- Life Insurance
- Vision Insurance
- Supplement Life Insurance
- Long-Term Disability Insurance
- Paid Leave of Absence Benefits
Work Life Balance
- 38.75 hour work week
- Casual business attire
- Generous paid time-off (PTO)
- Paid holidays
- Roll-over up to 30 PTO days yearly
Your Career, Your Future
- Approachable Executive Management
- Open-door culture
- Fantastic resources and technology
- Growing brand that continues to gain momentum and marketshare
- In-house marketing communications support for field underwriting efforts
Starting pay is $67,000, salary is based on education and experience.
Old Republic Surety Company offers numerous opportunities for our employees to grow and prosper. We have a culture of growth from within and we support our employees' pursuits in advancing their careers. We offer this in an open-door, collaborative workplace that encourages and rewards both teamwork and individual contributions. We want bright, passionate individuals who share our values and quest for success. To learn more about our company culture and our outstanding benefits, please visit our and watch this .
Interested? Click 'apply' and follow some very simple steps to get your resume in front of our Talent Acquisition team.
Old Republic Surety Company is an Equal Opportunity Employer and is committed to maintaining a diverse workplace.