Surety and Fidelity Underwriter

Penn National Insurance is seeking a Surety & Fidelity Underwriter who will review Surety and Fidelity new business, renewals, and endorsements under limited authority granted by the Vice President - Surety & Fidelity, or in conjunction with authority granted to Senior Underwriters or Territory Managers by the Vice President - Surety & Fidelity. This position utilizes underwriting knowledge and good judgment to recommend company acceptability of accounts, and to evaluate company risk tolerance based on underwriting guidelines and historical company underwriting appetite.

This position is remote and the ideal candidate will reside in Iowa, Wisconsin, or Minnesota.

POSITION COMPETENCIES

• Business Acumen
• Results Oriented
• Decision Making
• Negotiation
• Time & Priority Management

ESSENTIAL DUTIES AND 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.

ADDITIONAL RESPONSIBILITIES

• 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.

SPECIAL RELATIONSHIPS

• Direct contact with various levels of underwriting and claims personnel
• Direct contact with agents, Senior Underwriters, Territory Mangers and clients
• Direct contact with Operations and processing personnel

QUALIFICATIONS

Education/Credentials

• Bachelors degree preferred

Experience

• Minimum of 1 year experience in underwriting

Technical/Professional Knowledge

• 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

The compensation has been carefully determined by considering a variety of important factors, including skill sets, experience, training, and certifications. With these considerations in mind, the estimated hiring range is $64,987.67 - $89,358.04. Additionally, you may be eligible to participate in our annual incentive program, depending on your eligibility under the plan.

JOB REQUIREMENTS (as required by ADA – Americans with Disabilities Act)

• This position is primarily a sedentary position that requires occasional standing and walking throughout the office environment.
• 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

When you join us, you’re not just starting a job—you’re becoming part of a team that values your growth and invests in your future. Our commitment to long-term retention and employee development ensures that you will be part of a tradition and legacy of excellence that spans decades.

Only candidates from the following states will be considered for opportunities with Penn National Insurance and Inservco Insurance Services: Alabama, Delaware, Iowa, Maryland, Minnesota, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, Wisconsin – unless specifically stated otherwise in the job posting.