Surety Account Manager
Location:
MN - Bloomington
Apply now- Provide proactive, personalized support to assigned Commercial Lines Surety clients. Maintain 92% retention of client accounts.
- Handle all aspects of Commercial Lines Property & Casualty insurance as related to Surety.
- Help facilitate client signing of indemnity agreements, underwriting process of bond requests, and communication between carrier and client.
- Seek carrier approval for bonds outside lines of authority.
- Issue bonds, riders, endorsements, and consents.
- Provide insurance technical expertise to Sales Executives and Account Executives. Includes analysis of client needs, coverage forms, and quotations during the sales process.
- Provide technical expertise for cross-selling opportunities, account development, and execution of client requests.
- Capture, assist, design, and manage the service platform.
- Contribute information and ideas during client strategy meetings.
- Manage client renewal expirations and avoid any lapse in coverage.
- Responsible for marketing bond submissions to carriers. Includes preparing client applications and submitting to eligible and appropriate carriers. Ensure timely receipt of approvals, quotes, and bond delivery to clients.
- Delegate administrative client tasks to assigned Account Representatives.
- Respond to underwriters’ questions in a timely and professional manner.
- Adhere to Surety Best Practices. Includes written confirmation of new and renewal binding, execution of bond documents, changes to coverage, and other related items.
- Maintain a high degree of accuracy in agency management systems.
- Adhere to Surety Company’s granted Line of Authority.
- Maintain underwriting e-files. Maintain up-to-date financial files on active accounts and work-in-progress schedules. Request information as needed.
- Respond to accounting issues and make updates within prescribed timelines.
- Occasional in-person attendance at face-to-face client meetings.
- Keep informed on surety coverages, products, and industry changes.
- 3-5 years of Commercial Property & Casualty Surety experience in an insurance Agency.
- College degree preferred.
- Comprehensive understanding of Surety coverages, underwriting, and rating concepts.
- Knowledge of bonds, bond market selection, and bond issuance required.
- Must hold or obtain Property & Casualty insurance license.
- Must have notary license or willing to obtain within one year of hire (varies by office).
- Comfortable with internet-based programs and Microsoft Office products.
- Knowledge of Sagitta/ImageRight preferred but not required.
- Ability to carry out complex tasks with many concrete and abstract variables.
- Ability to work in a fast-paced, team environment with minimal instruction.
- Sets priorities and manage workflow to ensure efficient, timely, and accurate processing of transactions and other responsibilities.
- Constantly (over 66% of time) work performed requires employees to use repetitive hand motions such as typing, using a keyboard, and sitting at a desk.
- Frequently (34%-66% of time) work performed requires employees to handle and grasp things, walk on normal surfaces, stand, and bend.
- Occasionally (1%-33% of time) work performed requires employees to drive to client appointments, have repetitive foot movements, walk on uneven or slippery surfaces to and from work and occasionally reach outward to grab things and bend.
- Rarely (< than 1 hour per week) work performed requires lifting/carrying items that range from 10-50lbs, pushing/pulling items that range from 10-50lbs, twisting/turning including reaching over shoulder or above head, kneeling or squatting.
- Recognized as one of Insurance Business America’s Top Insurance Employers for the seventh consecutive year (2018-2024).
- Named to Business Insurance’s annual list of the Best Places to Work in Insurance five years in a row (2020-2024).
- Named to Fortune’s 2024 Best Workplaces in Financial Services & Insurance list.
- Honored by Glassdoor as a Best-Led Company in the U.S. in 2024.
- Recognized by Newsweek as one of America’s Greatest Workplaces for Diversity in 2024
USI is committed to providing a full-suite of competitive benefits for our growing population and its diverse needs. We offer a wide range of health, welfare and financial benefits including medical, wellness, dental and vision, 401(k), flexible spending and health savings accounts, short and long-term disability, life insurance and other unique employer-sponsored and voluntary programs. USI also offers a generous paid time off policy, paid family leave benefit as well as paid holiday time.
Salary Range: $55,000 - 70,000
This is a bonus-eligible position with a target incentive of 5%
Applications accepted through 3/15/25
Salary Range: $55,000 - 70,000
This is a bonus-eligible position with a target incentive of 5%
Applications accepted through 3/15/25
Job ID: