Senior Underwriter Surety

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 Insurance, we commit to supporting you in reaching your goals with tools, opportunities, and flexibility.

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At Intact Insurance, 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. Across Europe, our footprint includes offices in France, Spain, Belgium and the Netherlands, supported by a dedicated team of around 300 professionals.

Under technical direction and within delegated underwriting authority reviews moderate and 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 reports and recommendations accordingly. With guidance, develops producer relationships, monitors and evaluates results of producers and business segments.

Recommends, develops and implements action plans for business development, improvement of underwriting quality and results. Act as coach and mentor for newer or less-experienced members of the team, taking active participation role in the leadership and development of the team.

Some of the responsibilities include but are not limited to:

• Contribute to the management of a profitable and sustainable book of surety business by evaluating detailed qualitative and quantitative client, industry and information. Conducting portfolio reviews for assigned accounts and individual producers. Develop integrated pictures of factors that affect performance of individual companies in specific sectors and markets, with a focus on driving underwriting profitability, growth, retention in the surety portfolio.
  
  Make case specific and portfolio recommendations, implements, and monitoring action as necessary. Regularly disseminates market, industry, sector and underwriting developments to the team, and internal stakeholders when required. Act as deputy for the team leadership when required.
• Has responsibility for the development and monitoring of the surety book of business. Examines, identifies, and evaluates exposures by analyzing documentation from all available sources. Makes underwriting decisions and recommendations to accept, decline, or modify the acceptance terms of risks within underwriting authority and guidelines and in collaborative partnership with the underwriting team when appropriate. Develops and executes underwriting strategy, including portfolio management and self-audits.
  
  Takes action on underwriting decisions in compliance underwriting guidelines, company guidelines and local legal and regulatory frameworks.
• Develops superior working relationships with producers, and with internal and external partners, 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 producer management.
• Ensure exceptional high standard of process management of underwriting decisions, document management, accuracy of recorded data and reports via automated desktop systems and tools.
• Gathers and analyzes competitor and producer information to help enrich business development strategies and underwriting stance.
• Collaborates with team members to manage work inventories and all production activities in order to provide accurate and exceptional timely service to clients and producers in accordance with business unit standards.
• Regularly engage with market producers, travels to key producers/accounts, engage and participate in relevant industry or market events, represent Surety at internal cross departmental meetings/events.
• Stays abreast of industry, market, economic, legal and business trends.

Decision-Making Authority/Accountability Level

• Has underwriting authority in line with authority matrix and experience to accept, decline, and modify risk acceptance terms that enable the establishment of a surety facility and issuance of bonds.

• Possesses demonstrated track record in technical knowledge, understanding and skill in surety or related financial services industries. Must be able to identify and describe the major insolvency risk factors to a surety prospect together with a strong understanding of the perils and trigger events presented under a proposed bond product. Must be able to…