drjobs Commercial Surety Underwriter (AVP/VP)

Commercial Surety Underwriter (AVP/VP)

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1 Vacancy
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Job Location drjobs

Chicago, IL - USA

Yearly Salary drjobs

$ 120000 - 220000

Vacancy

1 Vacancy

Job Description

Job Description

We are seeking a highly skilled and experienced Commercial Surety Underwriter to join our clients growing team. In this role you will be responsible for underwriting a broad range of commercial surety bonds managing a profitable book of business and developing strong broker relationships. You will play a critical role in risk analysis account management and the overall growth strategy for our clients surety business in the U.S. market.

Salary/Benefits:

  • $120000 - $220000 Annual Based Salary
  • Fully Remote
  • Ability to work from home
  • Competitive Medical Dental Vision and Life plans
  • Employer matching 401(k) plan
  • Join a well-established global carrier with a strong reputation in the surety space.
  • Work with a collaborative and high-performing team.
  • Competitive compensation package including base salary annual bonus and comprehensive benefits.
  • Professional development opportunities and support for industry certifications.

Requirements:

  • Bachelors degree in Business Finance Accounting or a related field (CPCU AFSB or equivalent designations a plus).
  • Minimum of 37 years of commercial surety underwriting experience preferably with a national or international carrier.
  • Strong financial acumen with the ability to interpret complex financial statements and conduct in-depth risk analysis.
  • Proven ability to develop and manage broker relationships and drive profitable growth.
  • Excellent negotiation communication and presentation skills.
  • Strong organizational skills with the ability to manage multiple priorities and deadlines.
  • Familiarity with surety-related systems and tools (e.g. bond issuance platforms CRM systems).

Job Responsibilities:

  • Underwrite and manage a portfolio of commercial surety business including contract and miscellaneous surety bonds.
  • Analyze financial statements credit reports and business plans to assess risk and determine appropriate bonding terms and conditions.
  • Make sound underwriting decisions in accordance with company guidelines and authority levels.
  • Maintain and grow agency and broker relationships to generate new business opportunities and retain existing accounts.
  • Collaborate with internal stakeholders including legal claims actuarial and senior leadership to support underwriting strategy and account servicing.
  • Negotiate terms and pricing with brokers while ensuring alignment with underwriting profitability targets.
  • Stay current on industry trends regulatory changes and market developments to support informed underwriting decisions.
  • Provide mentorship and guidance to junior underwriters and underwriting assistants as needed.

#LI-MW1


Required Experience:

Exec

Employment Type

Full-Time

Company Industry

About Company

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