Frankenmuth Insurance

Surety Midwest - Underwriter

Frankenmuth Insurance  •  $86k - $129k/yr  •  United States (Onsite)  •  6 days ago
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Job Description

Under limited supervision and with significant independent judgment, organizes and controls the day-to-day administrative and underwriting activities for an assigned portfolio and/or region for contract and commercial surety by performing the following duties.

Essential Duties and Responsibilities:

1. Reviews agency submittals for completeness and accuracy, requesting additional information if necessary.

2. Initiates the underwriting process to make thorough evaluations and assessments in accordance with the standards established for Frankenmuth Surety. Secures all relevant credit reports and completing appropriate reference checks. Completes all necessary financial and project data entry and prepares financial and project trend analysis.

3. Prepares summary recommendations for review with supervisor in conformance with company guidelines and models.

4. Facilitates review and approval/declination of bid requests on assigned accounts.

5. Communicates with agents and internal staff to collect necessary information to perform risk assessment and update financial files over the course of a fiscal period.

6. Builds and maintains productive and profitable relationships with agents. Solicits submissions through marketing efforts, and educating agents on our requirements and appetite.

7. Reviews relevant contract documents to identify potential exposures and risks to the surety. Works with the Director, Surety to craft appropriate bond form language and construct the appropriate indemnity agreement.

8. Advances surety strategy and marketing at various industry functions and with our agency plant.

9. May provide leadership to junior staff through guidance and training. May provide input to management regarding junior staff performance.

10. Performs other duties as assigned.

A minimum requirement for this position is the ability to work legally in the United States. No visa sponsorship/support is available for this position, including for any type of U.S. permanent residency (green card) process.
Frankenmuth Insurance

About Frankenmuth Insurance

Frankenmuth Insurance exists to provide peace of mind by protecting individuals, families, and businesses with tailored insurance solutions. Headquartered in historic Frankenmuth, Michigan, we’ve been serving our policyholders for more than 155 years and remain committed to being your insurer of choice through exceptional protection and service. As a super-regional carrier, we work exclusively with more than 800 independent agencies across 15 states to offer business, home, and auto insurance, along with surety bonds. Recognized for our financial strength and stability, we proudly maintain more than $2 billion in assets and have earned an AM Best A category rating for more than 45 consecutive years, demonstrating our long-standing reliability and commitment to protecting what matters most. Learn more at fmins.com.

Industry
Finance & Insurance
Company Size
501-1,000 employees
Headquarters
Frankenmuth, MI
Year Founded
1868
Website
fmins.com
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