Commercial Underwriter
Sioux Falls, SD 
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Posted 13 days ago
Job Description
Old Republic Surety Company (ORSC) is currently seeking a Commercial Underwriter to join its Underwriting Team at our Sioux Falls, SD branch.  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 are growing across the country which is creating new opportunities across the organization.   

In general, the Commercial Underwriter produces an underwriting profit and protects against future losses by proper risk selection and underwriting of commercial fidelity and miscellaneous surety bonds. 

Essential duties for the role are as follows:
  • Contribute to branch and company profitability and minimize losses by adherence to company underwriting guidelines and proper acceptance or rejection of bond submissions.
  • Develop and maintain good agency relations to ensure continued growth and profit, even when rejecting business.
  • Assure quality service by effectively and efficiently underwriting a large volume of submissions.
  • Keep current with market trends to support company competitiveness with other companies and to make proper underwriting decisions aligned with Old Republic Surety Company underwriting guidelines.
  • Implement underwriting changes when directed by branch management of Home Office Underwriters to assure profitability of various classes of business.
  • Collaborate effectively with the Marketing Representatives and Senior Underwriters on all aspects of marketing or underwriting commercial surety bonds.
  • Act as a resource to Assistant Underwriters in the absence of the branch manager or Senior Underwriter.
  • Other duties as assigned. 
This position requires a High School diploma or equivalent and a minimum of one year of previous bond underwriting and/or financial services related experience or an equivalent combination of education and experience.

Working as a Commercial Underwriter requires one to work independently and effectively within a fast-paced environment.  Proficiency with Microsoft (MS) Windows and Office products is necessary.  Other skills necessary include excellent oral and written communication skills, strong organizational and accurate proofreading skills, the ability to maintain accurate records, the ability to exercise discretion with confidential information, strong attention to detail, and the ability to use a variety of office equipment.

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 website and watch this video.

Interested?  Click ‘apply’ and follow some very simple steps to get your resume in front of the Talent Acquisition Team.

Old Republic Surety Company is an Equal Opportunity Employer and is committed to maintaining a diverse workplace.

 

Job Summary
Employment Term and Type
Regular, Full Time
Hours per Week
38.75
Salary and Benefits
ORSC offers an attractive benefits and retirement package including, but not limited to, medical, dental, vision, flexible spending and health savings account, life insurance, long term disability and a 401k matching program. In addition, a generous paid time off and paid holiday program is provided.
Required Education
High School or Equivalent
Required Experience
1+ years
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