What are the responsibilities and job description for the Senior Credit Risk Underwriter position at Safety National?
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This opportunity is in the Credit Risk Department.
Our Credit Risk department manages our workers' compensation surety bond product offering, while supporting our large deductible and large casualty product offerings that require customer financial analysis. With access to the robust S&P CaptialQ Platform, our credit risk underwriters have the latest cutting-edge technology to assist in our financial and credit risk analysis. As a tight-knit but growing department, there are incredible opportunities for growth within and outside our team.
Role Description:
In the role of Senior Credit Risk Underwriter position you will underwrite the financial/credit risk associated with Safety National's (SN) Large Casualty (LC) insurance products and SN's Self-Insured Workers' Compensation (WC) Surety Bond (Bond) products. This financial/credit risk analysis is performed primarily through an extensive quantitative and qualitative evaluation of prospective or existing customers financial statements.
Some of the essential functions of this role are:
- Perform financial reviews/assessments on prospective and existing customers. These reviews require an understanding of a customer's fiscal year and interim financial statement results as well as an understanding the potential account claim/credit risk exposures.
- Document quantitative and qualitative financial factors that support the collateral underwriting decision and terms created.
- Formally issue the collateral quote terms to SN's LC Underwriters and WC Bond brokers. Collateral quote terms can consist of -- dollar amount of collateral required, acceptable type(s) of collateral, pricing/credit risk charges, bond rate charges, and Indemnity Agreement
- Primary point of contact for questions and discussion around collateral quote terms with SN LC Underwriters, SN Business Development, and external brokers of both LC and WC Bond
If this role describes you, don't delay. Apply today!
Qualifications:
Education:
- Bachelor degree in Accounting/Finance/Economics is required
Required Qualifications:
- Bachelor degree in Accounting/Finance/Economics
- 3 to 7 years of applicable financial/credit underwriting experience
- Possesses excellent written and verbal communication skills
- Proficient in the use of Microsoft Excel, Word and Outlook
Preferred Qualifications:
- Demonstrated ability to perform at a high performance, detailed orientated, and a team first skill set level.
- Able to prioritize tasks and multi-task while working with others to meet set timeframes
- Experience working in the S&P CapitalIQ suite/platform is a plus
- CPA, CFA, or MBA is a plus
Protect the confidentiality, integrity and availability of information and technology assets against unauthorized disclosure, destruction and/or alteration, in accordance with Safety National policies, standards, and procedures.
Safety National is a leading specialty insurance and reinsurance provider. Our culture is built upon relationships, which allow us to demonstrate our expertise gained through our rich 80-year history. As a wholly-owned subsidiary of Tokio Marine, Inc., we appreciate the benefits and support provided by our affiliation with one of the top 10 insurance companies in the world.
A Benefits Structure That Puts Employees First
Safety National's approach to benefits reaches far beyond competitive fixed compensation. Instead, we construct a total rewards benefits package for each valued member of our team. Highlights include incentive award bonuses, an annual holiday bonus, and profit-sharing contributions. Other exceptional benefits include generous healthcare coverage, a 401(k) match, enhanced paid caregiver leave, and family-forming benefits for adoption, surrogacy, and fertility. We also promote balance by offering a hybrid working environment and several employee appreciation events throughout the year. Apply today to learn more about our total rewards approach.
Safety National is committed to fair, transparent pay and we strive to provide competitive, market-based compensation. In our vision to be First with Co-Workers, compensation is only one piece of the comprehensive total rewards package we offer. The target salary range for this position is $86,000 to $138,000. Compensation for the successful candidate will consider the candidate's particular combination of knowledge, skills, competencies, experience and geographic location.
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Safety National Casualty Corporation is an Equal Opportunity Employer. It is the policy of Safety National to prohibit discrimination and harassment of any type and to afford equal employment opportunities to employees and applicants without regard to race, color, religion, age, sex, sexual orientation, pregnancy, national origin, disability, military status, veteran status, ancestry, citizenship, gender identity, genetic information or any other personal characteristic protected by applicable law. None of the questions in our application are intended to elicit information regarding any protected characteristics, nor imply any limitation, illegal preferences or discrimination based upon non-job related information or protected characteristics.
Salary : $86,000 - $138,000
