Note: The job is a remote job and is open to candidates in USA. Penn National Insurance is seeking a Surety & Fidelity Underwriter who will review Surety and Fidelity new business, renewals, and endorsements under limited authority. This position utilizes underwriting knowledge and good judgment to recommend company acceptability of accounts and evaluate company risk tolerance based on underwriting guidelines.
Responsibilities
- Review new business, renewals, and endorsements to determine acceptability using established company guidelines
- Communicate with agents, and other department personnel regarding risk acceptability, incomplete information, rating and premium processing, etc., under the supervision of a Senior Underwriter, Territory Manager or VP, Surety & Fidelity
- Provide feedback to Commercial Underwriters, Territory Managers and VP, Surety & Fidelity on quality of submissions and interactions with agency personnel
- Visit agencies with Commercial Underwriters, Territory Managers and the VP, Surety & Fidelity to discuss underwriting matters, assist in the development of new business and to strengthen agency relations
- Assist Commercial Underwriters, Territory Managers and VP, Surety & Fidelity with bond requests, file maintenance, and premium processing tasks
- Assist Commercial Underwriters, Territory Managers and VP-Surety & Fidelity with Financial Management System upkeep and related portfolio management duties
- Maintain individual underwriting authority for smaller, less complex accounts
- Keep abreast of current industry developments, losses and rate trends including the development of new products and opportunities
- May review agency performance based on production results, loss ratio results, and other measures and manage the results as part of the underwriting team
- May participate in agent educational meetings
- Applies data to solve common business problems
- Compiles, manipulates and analyses data of varying complexity
- Knowledgeable and proficient about what tools are available for data analysis and when they are appropriate to use
- Performs other duties as may be assigned by Senior Underwriters, Territory Managers and the Vice President, Surety & Fidelity
Skills
- Minimum of 1 year experience in underwriting
- Knowledge of underwriting and rating of risks
- Knowledge of company underwriting standards and philosophy
- Knowledge of all Surety & Fidelity coverages
- Good math and accounting aptitude
- Excellent research, analytical and problem-solving skills
- Excellent oral and written communication skills
- Good PC skills, with an emphasis on Microsoft Office Suite
- Highly organized with an attention to detail
- Must be able to perform computer-based tasks and access digital information necessary for job duties, including through the use of assistive technologies
- Must be able to complete computer-based tasks and utilize office equipment as needed to perform essential job functions
- Must be able to access and enter information accurately using automated systems
- Must be able to communicate effectively with internal and external clients using telephone, electronic, or other communication systems
- Must be able to present information to individuals and groups
- Must be able to interpret and apply concepts that may or may not be based upon established guidelines
- Must be able to maintain acceptable attendance and adhere to scheduled work hours
- Must have a valid driver's license and be able to operate a motor vehicle
- Must be able to travel, with overnight stays required
- Bachelors degree preferred
Benefits
- You may be eligible to participate in our annual incentive program, depending on your eligibility under the plan.
- Generous 401(k) match
- Graded profit sharing
- Incentive compensation
- A wide range of benefits to support your financial health, physical well-being and career development.
- We offer remote and hybrid work options
- Flexible scheduling
- A “dress-for-your-day” culture.
- Employee recognition programs designed to honor your contributions.
- Access to programs that help you enhance your knowledge, skills and educational goals along with 100% tuition reimbursement for academic studies.
- Tailored designation programs to help you advance in your career such as CPCU, AINS, CPA, CISSP, and more.
- Reasonable accommodations to qualified individuals with disabilities in all aspects of the employment process.
Company Overview
Penn National Insurance is a property-casualty mutual insurance company It was founded in 1919, and is headquartered in Harrisburg, Pennsylvania, USA, with a workforce of 501-1000 employees. Its website is https://www.pennnationalinsurance.com/Portal/Careers/.