Bond Underwriter I at EMC Insurance Companies in Des Moines, IA

Summary: EMC Insurance Companies is dedicated to making an impact through teamwork and support. The Bond Underwriter I role involves assisting in the analysis and underwriting of surety accounts under supervision, while gaining knowledge and experience in the bond underwriting process. Responsibilities: - Under close supervision, assists in analyzing and underwriting contract and commercial surety accounts which includes analysis of financial statements, work in progress reports, and overall credit worthiness - Shadows experienced underwriters to gain an understanding of the necessary information required to make decisions on approving or declining a bond request - Reviews and learns the proper documentation required to keep account files current - Uses and gains an understanding of the various bond forms and terminology - Works within various computer applications to properly research and underwrite a bond - Researches the bond manual and other sources to further develop knowledge on EMC bond underwriting processes - References bond systems to research and utilize prior bond underwriting to maintain consistency standards for similar bond underwriting criteria - Attends agency visits with the bond team members to gain an understanding of the independent agency system - Attends contractor visits with the bond team members to understand the necessary information to gather, proper approach in asking questions, and gain an overall comfort level meeting with contractors - Reviews surety bond manuals - Attends the NAIS underwriting school - Participates in industry functions, meetings, and seminars - Keeps current on trade publications and business journals Required Qualifications: - Bachelor's degree, preferably in accounting, finance, or business, or equivalent relevant experience - Good analytical and problem-solving skills - Strong multitasking and organizational skills - Strong computer and keyboarding skills including knowledge of Microsoft Office Suite - Good human relation skills, including written and verbal communication skills - Ability to work effectively with others, as well as independently - Occasional travel required; a valid driver's license with an acceptable motor vehicle report per company standards required if driving Preferred Qualifications: - Experience in the insurance, banking, or construction industry preferred Required Skills: Financial statement analysis, Microsoft Office Suite, Surety bond underwriting, Insurance industry knowledge, Banking industry knowledge, Construction industry knowledge