Underwriting Consultant - Transactional Surety (Remote in the Southeast)

Company: Intact Insurance Group
Location: Hoboken
Posted on: May 24, 2025

Job Description:

Underwriting Consultant - Transactional Surety (Remote in the Southeast)Our employees are at the heart of what we do: helping people, businesses and society prosper in good times and be resilient in bad times. When you join our team, you are bringing this purpose to life alongside a passionate community.Feel empowered to learn and grow while being valued for who you are. At Intact, we commit to supporting you in reaching your goals with tools, opportunities, and flexibility. It's our promise to you.Who we areAt Intact Insurance Specialty Solutions, we are experts at what we do in protecting what makes businesses unique. Our deep understanding of the specialty insurance market is the foundation for our customized solutions, backed by targeted risk control and claims services. Our employees are passionate about providing insurance coverage that's aligned to our targeted customer groups.Intact's Global Specialty Lines business spans across more than 20 verticals in four distinct markets: U.S., Canada, UK and Europe. The following opportunity is for our U.S. team.The opportunityWe currently have an opportunity for an Underwriting Consultant to join our Transactional Surety team based remotely in the Southeast region of the United States. The Underwriting Consultant under technical direction and within underwriting authority reviews complex risks to determine acceptance of an application.Determines selection or rejection of new and/or renewal business using underwriting rules and guidelines, manual rating rules and insurance laws and regulations. Analyzes quality and quantity of risks written and prepares - Account Write Ups accordingly. Monitors and evaluates results of assigned producers and assigned territory. Recommends and implements action plans for improvement of underwriting results for assigned producers and assigned territory. May act as a coach/mentor to newer or less-experienced underwriters and assistants. Some of the Underwriting Consultant responsibilities include but are not limited to:

• Manages a profitable book of business by evaluating results and conducting portfolio reviews for assigned territory and individual producers. Develops integrated pictures of factors that affect profitability, growth, retention and recommends, implements, and monitors necessary action plans.
• Has underwriting responsibility for a book of new and renewal business. Examines, identifies, and evaluates exposures by analyzing documentation from various sources, such as the insurance surety application, internet searches, inspection licensing reports, credit reports, etc. Makes underwriting decisions to accept, decline, or modify risks within assigned underwriting authority level in partnership with underwriting team. Executes underwriting strategy as determined by management, including portfolio management and self-audits. Implements underwriting decisions in compliance with state laws and company guidelines. Possesses the ability to analyze underwriting information and assess risk within the framework of company standards and makes sound, concise recommendations to managements. Adheres to underwriting and service standards. Maintains a high degree of decision-making authority and remains in touch with book of business risks.
• Develops superior working relationships with producers to successfully promote achievement of mutual operating goals (growth, retention, and profitability) and to supply the appropriate products and services. Determines and executes strategy for account management and agency planning. Works closely with other departments, including claims, actuary and risk control staff in an effort to better service producers and accounts.
• Gathers and analyzes competitor and producer information including producers' retention, profitability and potential, in support of pricing and appetite. Works with other underwriting staff to determine and make recommendations for marketing, pricing, products and systems.
• Collaborates with team members to manage work inventories and all production activities to provide accurate and timely service in accordance with business unit standards. Processes underwriting decisions. Documents files and reports via automated desktop systems and tools.
• Regularly travels to key producers/accounts and remains a visible presence in the marketplace. Travels regularly to Producers as the lead marketer for BondClick and Transactional business. Implements marketing plans and strategies. Cultivates Producer relationships to promote Surety products and services throughout the Regional Offices. Identify resources to satisfy Producer needs. Shares pertinent information to support surety development and market research.
• Monitors agency action plans and participates in account management, agency planning and marketing meetings to best position the business for the future.
• May participate in industry events and/or committees.
• Provides training and mentoring to less experienced underwriters and/or underwriting assistants.
• Stays abreast of industry, territory and insurance trends.The expertise you bring
  • Minimum of 3-5 years of surety underwriting experience
  • Professional insurance designation is preferred (AFSB)Our salary ranges are determined by many factors including location, role, experience and skillset of the candidate. The following ranges displayed reflect the target base salary for new hires, but your recruiter will share more specific compensation information with you during the hiring process. The typical base salary range for this position is: $150,000 - $199,000, based on the factors aforementioned. For candidates located in San Francisco, CA; Hoboken, NJ; and the New York City metro area, the base salary range is $174,000 -$204,000. In addition to base salary, full time Intact employees are also eligible for bonus potential and a full range of benefits to include but not limited to:
    • Comprehensive medical, dental and vision insurance with no waiting period
    • Competitive paid time off programs
    • 401(k) savings and annual contributions of up to 12% of annual salary
    • Mental health support programs, life and disability insurance, paid parental leave and a variety of additional voluntary benefitsWhy choose IntactWe live our Values: We are committed to acting with the highest of ethical standards through our five core values: integrity, respect, customer driven, excellence and social responsibility.Our commitment to Diversity: Founded in our values, we see diversity as a strength and aspire to create an environment where everyone can be themselves, grow and succeed. Together, we will stand up for what's right to build an inclusive society.Manage your Time: What you accomplish matters more than hours in the office. We are committed to creating a positive and supportive environment in which you perform your best. Our Time-Off and Flexible Work Arrangement options help foster a healthy work-life balance.Check out our Glassdoor reviews to see why people love working for Intact!Our promise to youOur Values are foundational to our success at Intact. You'll make a difference every day when you live our Values, do your best work, are open to change, and invest in yourself.In return, we promise you support, opportunities, and performance-led financial rewards in a flexible work environment where you can:
      • Shape the future: Help us lead an insurance transformation to better protect people, businesses and society.
      • Win as a team: Collaborate with inspiring people to do your best work every day and together, stand up for what is right.
      • Grow with us: Refresh and reinvent your skills, learn from our diverse teams, lift others up, and grow.About IntactAt Intact Insurance Specialty Solutions we are experts at what we do. Our deep understanding of the specialty insurance market is the foundation for our customized solutions, backed by targeted risk control and claims services. Our employees are passionate about providing insurance coverage that's aligned to our targeted customer groups. Today, we help protect over a dozen industries with tailored coverages and services.#LI-US#LI-CC1#LI-REMOTEQualificationsSkillsBehaviors:Motivations:EducationExperienceLicenses & CertificationsEqual Opportunity Employer
        This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.
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Keywords: Intact Insurance Group, Hempstead , Underwriting Consultant - Transactional Surety (Remote in the Southeast), Professions , Hoboken, New York