Merchants Bonding Company · 1 day ago
Territory Contract Underwriter - Southern California
Los Angeles County, CA
Full-time, Contract
Onsite
Mid Level
$87K/yr - $130K/yrMerchants Bonding Company is seeking a Territory Contract Underwriter for Southern California. The role involves underwriting analysis and documentation, including evaluating surety risks, preparing contract bond quotations, and maintaining relationships with agencies and major accounts.
Insurance
Hiring Manager
Amanda Brunkhorst
Responsibilities
Determines the acceptability of surety risks, based on the Merchant’s guidelines and marketing strategy. Operates within the authority established by the Senior Vice President – Contract Underwriting
Reviews agent submissions/applications and assures that business statements, personal statements, and work-on hand schedules are analyzed and noted properly. Accurately evaluates for future profit or loss potential and verifies appropriate rates for the risk. Obtains background information and references in order to analyze and properly evaluate the risk. Prepares contract bond quotations. Responds to questions regarding the proposed program and rate
Creates year end updates on accounts and provides direction to the agent regarding further handling of the account
Assures an accurate count of our contract bond backlog by keeping existing files and the status of existing bonds up to date. Maintains current File Notes, reflecting significant events and important information regarding the account
Reviews specific contract bond forms and contracts to assess acceptability of risk. Recommends potential contract wording or revisions to make the risk more acceptable to the Company
Presents account terms and conditions properly so they are easily distinguishable and understood
Maintains current data on Underwriting Information Sheet for all major accounts
Serves as backup to other team underwriters in their absence to respond to client questions and issues
Works effectively within their assigned level of authority. Prepares documented recommendations on requests that are outside their level of authority
Prepares quarterly team production reports and travel recaps based on team specifications
Maintains positive relationships with existing agencies and major accounts, including regular on-site visits. Continues to build premium and business opportunities with key agents and accounts. Solicits feedback regarding our service levels and performance
Maintains current account and relationship information. Completes meeting summaries in a timely fashion
Develops new business opportunities by prospecting for new agency relationships. Effectively utilizes marketing materials in presentations, proposals, and other marketing efforts
Represents Merchants Bonding and their interests professionally at industry functions. Networks with industry peers and experts to stay up-to-date on industry developments and potential legislative issues
Plans and manages effective meetings with agents and/or contractors using effective meeting management tools
Establishes and achieves quarterly and annual production goals. Typically handles up to $1.5 million in production
Qualification
Required
Determines the acceptability of surety risks, based on the Merchant's guidelines and marketing strategy
Operates within the authority established by the Senior Vice President – Contract Underwriting
Reviews agent submissions/applications and assures that business statements, personal statements, and work-on hand schedules are analyzed and noted properly
Accurately evaluates for future profit or loss potential and verifies appropriate rates for the risk
Obtains background information and references in order to analyze and properly evaluate the risk
Prepares contract bond quotations
Responds to questions regarding the proposed program and rate
Creates year end updates on accounts and provides direction to the agent regarding further handling of the account
Assures an accurate count of our contract bond backlog by keeping existing files and the status of existing bonds up to date
Maintains current File Notes, reflecting significant events and important information regarding the account
Reviews specific contract bond forms and contracts to assess acceptability of risk
Recommends potential contract wording or revisions to make the risk more acceptable to the Company
Presents account terms and conditions properly so they are easily distinguishable and understood
Maintains current data on Underwriting Information Sheet for all major accounts
Serves as backup to other team underwriters in their absence to respond to client questions and issues
Works effectively within their assigned level of authority
Prepares documented recommendations on requests that are outside their level of authority
Prepares quarterly team production reports and travel recaps based on team specifications
Maintains positive relationships with existing agencies and major accounts, including regular on-site visits
Continues to build premium and business opportunities with key agents and accounts
Solicits feedback regarding our service levels and performance
Maintains current account and relationship information
Completes meeting summaries in a timely fashion
Develops new business opportunities by prospecting for new agency relationships
Effectively utilizes marketing materials in presentations, proposals, and other marketing efforts
Represents Merchants Bonding and their interests professionally at industry functions
Networks with industry peers and experts to stay up-to-date on industry developments and potential legislative issues
Plans and manages effective meetings with agents and/or contractors using effective meeting management tools
Establishes and achieves quarterly and annual production goals
Typically handles up to $1.5 million in production
Company
Merchants Bonding Company
Merchants Bonding Company is an insurance company offering contract surety bonds, commercial license, notary, probate, and fidelity bonds.
Founded in 1933
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
David Hewett
Chief Underwriting Officer
Jarvis Williams
Corporate Expansion Partner
Recent News
CITYVIEW
2025-11-05
2025-01-22
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