RI
Underwriter-Contract Surety (OK, KS, MO territory)
full-time•Edmond•$86k - $123k
About this role
About Us
We’re not like other insurance companies. From our specialty products to our business model, our culture to our results — we’re different. Different is who we are, and how we work, interact, deliver and succeed together. Creating a different and better insurance experience doesn’t just happen. It takes focus and a shared passion for going beyond the expected to forge relationships and deliver care that makes a difference. This approach rises from and is supported by our talented, ethical and smart team of employee owners united around a single purpose: to work alongside our customers and partners when they need us, in unexpected ways, with exceptional results. Apply today to make a difference with us.
RLI is a Glassdoor Best Places to Work company with a strong, successful background. For decades, our financial track record has been stellar — a testament to our culture and validation of our reputation as an excellent underwriting company.
Principal Duties & Responsibilities
- Profit and loss responsibility for a book of business within the territory
- Develop and execute a marketing plan for new business by targeting key brokers, arranging meetings and attending industry functions.
- Perform all required underwriting functions including financial analysis, account analysis, industry analysis, and administrative responsibilities.
- Adhere to underwriting guidelines and authority limits.
- Serve as a resource on underwriting and territory issues to other members of the Contract Surety team, located across the country.
- Some travel will be expected to visit agents, contractors, and surety related events in the assigned territory.
- Lead special projects and other duties as needed.
Education & Experience
- Typically requires a bachelor's degree in insurance, finance, risk management, business or a related field
- 4+ years of Contract Surety underwriting experience.
Knowledge, Skills, & Competencies
- Ability to use analytical methods in underwriting processes to find workable solutions.
- Ability to communicate findings and recommendations to management on underwriting matters.
- Excellent verbal and written communication skills.
- Ability to meet objectives while operating independently.
- Ability to apply a strategic perspective to improve underwriting functions.
Compensation Overview
The base salary range for the position is listed below. Please note that the base salary is only one component of our robust total rewards package at RLI. The salary offered will take into account a number of factors including, but not limited to, geographic location, experience, scope & responsibilities of the role, qualifications/credentials, talent availability & specialization, as well as business needs. The below range may be modified in the future.
Base Pay Range
$86,303.00 - $123,413.00Total Rewards
At RLI, we're all owners. We hire the best and the brightest employees and allow them to share in the company's success through our Total Rewards. With the Employee Stock Ownership plan at its core, the Total Rewards program includes all compensation, benefits and perks that come with being an RLI employee.
Financial Incentives
Annual bonus plans
Employee stock ownership plan (ESOP)
401(k) — automatic 3% company contribution
Annual 401k and ESOP profit-sharing contributions (Up to 15% of eligible earnings)
Work & Life
Paid time off (PTO) and holidays
Paid volunteer time off (VTO) to support our communities
Parental and family care leave
Flexible & hybrid work arrangements
Fitness center discounts and free virtual fitness platform
Employee assistance program
Health & Wellness
Comprehensive medical, dental and vision benefits
Flexible spending and health savings accounts
2x base salary for group life and AD&D insurance
Voluntary life, critical illness, & accident insurance for purchase
Short-term and long-term disability benefits
Personal & Professional Growth
RLI encourages its employees to pursue professional development work in insurance and job-related areas. We make a commitment to employees to provide educational opportunities that help them enhance their skills and further their career advancement. RLI fosters a true learning culture and encourages professional growth through insurance courses, in-house training and other educational programs. RLI covers the cost for most programs and employees typically earn a bonus upon successful completion of approved courses and certifications. Our personal and professional growth benefits include:
Training & certification opportunities
Tuition reimbursement
Education bonuses
Diversity & Inclusion
Our goal is to attract, develop and retain the best employee talent from diverse backgrounds while promoting an environment where all viewpoints are valued and individuals feel respected, are treated fairly, and have an opportunity to excel in their chosen careers. We actively support, and participate in, initiatives led by the American Property Casualty Insurance Association that aim to increase diversity in the insurance industry. Cultivating an exceptional and diverse workforce to deliver excellent customer service reinforces our culture and is a key to achieving superior business results.
RLI is an equal opportunity employer and does not discriminate in hiring or employment on the basis of race, color, religion, national origin, citizenship, gender, marital status, sexual orientation, age, disability, veteran status, or any other characteristic protected by federal, state, or local law.
What you'll do
- The Underwriter is responsible for profit and loss for a book of business within the assigned territory and must develop and execute a marketing plan for new business. They will perform underwriting functions including financial and industry analysis while adhering to guidelines and serving as a resource for the team.
About RLI Insurance Company
RLI is a U.S.-based specialty insurer that serves niche property, casualty and surety markets. We provide peace of mind to the customers we serve by safeguarding their assets and helping them manage risk. We hire smart, ethical people, make them owners of the business and give them the freedom to succeed. These are the principles that drive our success, and they’re the reasons we have been successful for more than 50 years.
We believe in a different way of doing business and RLI is not what you’d expect from a typical insurance company. Our creative and collaborative workplace is cultivated by employee owners empowered to make good decisions for customers and the business.
We have a reputation for niche expertise, superior service and an entrepreneurial culture. In the industry and among our peers, we’re known for:
The best and brightest people in the industry who build strong relationships and provide outstanding service.
An underwriting focus so we perform well in all market cycles.
Our empowered, creative ownership culture.
A customized approach to developing insurance products to meet very specific needs.
Proven financial strength.
Ready to join RLI Insurance Company?
Take the next step in your career journey
Frequently Asked Questions
What does RLI Insurance Company pay for a Underwriter-Contract Surety (OK, KS, MO territory)?
RLI Insurance Company offers a competitive compensation package for the Underwriter-Contract Surety (OK, KS, MO territory) role. The salary range is USD 86k - 123k per year. Apply through Clera to learn more about the full compensation details.
What does a Underwriter-Contract Surety (OK, KS, MO territory) do at RLI Insurance Company?
As a Underwriter-Contract Surety (OK, KS, MO territory) at RLI Insurance Company, you will: the Underwriter is responsible for profit and loss for a book of business within the assigned territory and must develop and execute a marketing plan for new business. They will perform underwriting functions including financial and industry analysis while adhering to guidelines and serving as a resource for the team..
Is the Underwriter-Contract Surety (OK, KS, MO territory) position at RLI Insurance Company remote?
The Underwriter-Contract Surety (OK, KS, MO territory) position at RLI Insurance Company is based in Edmond, Oklahoma, United States. Contact the company through Clera for specific work arrangement details.
How do I apply for the Underwriter-Contract Surety (OK, KS, MO territory) position at RLI Insurance Company?
You can apply for the Underwriter-Contract Surety (OK, KS, MO territory) position at RLI Insurance Companydirectly through Clera. Click the "Apply Now" button above to start your application. Clera's AI-powered platform will help match your profile with this opportunity and guide you through the application process.