Commercial Surety Underwriter Executive UnderwriterAVP Remote
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Job Location:
Chicago, IL - USA
Monthly Salary:
Not Disclosed
Posted on:
10 hours ago
Vacancies:
1 Vacancy
Job Summary
Job Description
Seeking a highly skilled and experienced Commercial Surety Underwriter to join a growing 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 the surety business in the U.S. market.
Salary/Benefits:
- Salary: $120000 - $220000 (depending on experience)
- 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 3-7 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.
Disclaimer: Please note that this job description may not cover all duties responsibilities or aspects of the role and it is subject to modification at the employers discretion.
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Key Skills
- Loan Processing
- Computer Skills
- Fraud
- Math
- Banking
- Pricing
- Analysis Skills
- Fair Housing Regulations
- Underwriting
- Financial Analysis
- negotiation
- Phone Etiquette
About Company
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