Contract Surety Bonds Senior Underwriter Chicago
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Job Location:
Chicago, IL - USA
Monthly Salary:
Not Disclosed
Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
Job Description
A leading national insurance organization is seeking a Contract Surety Underwriting Manager for its office in Orange California. This role offers a flexible hybrid schedule and requires travel within the assigned regional territory. The ideal candidate is an experienced surety professional with strong underwriting judgment market presence and leadership capability.
Key Responsibilities
- Manage underwriting of low to moderately complex contract surety risks including selection pricing retention growth and profitability within delegated authority.
- Exercise independent judgment and initiative to support business objectives.
- Maintain a high level of customer service with agents brokers and principals.
- Review new submissions; determine terms including limits credit structures deductibles conditions and work programs.
- Price business in alignment with company guidelines and market conditions.
- Conduct underwriting investigations as needed (financial reviews bank meetings site visits interviews with owners/creditors/architects/engineers etc.).
- Assess risk quality and compliance with underwriting rules and standards.
- Order review and analyze required financial and credit materials including:
- Credit reports
- Bank agreements
- Financial statements
- Underwriting surveys
- Make recommendations on risks above authority level.
- Maintain and monitor accounts through underwriting platforms and analysis tools.
- Prepare internal and external communications regarding underwriting decisions and issues.
- Build and sustain strong business relationships to retain accounts and develop new opportunities.
- Visit agents brokers and principals to support market development and divisional goals.
- Explain position and market surety products and services effectively.
- Apply underwriting guidelines rating rules and regulatory requirements.
- Provide support guidance and occasional mentoring to junior associates.
- May manage direct reports including performance coaching development and talent decisions.
- Perform additional duties as assigned.
Qualifications
- Bachelors degree or equivalent professional experience.
- Preferred fields of study: Finance Accounting Business or related areas.
- 7 years of relevant surety or financial analysis experience.
- Professional designations preferred or in progress:
- AFSB
- CPA
- RPLU
- Strong analytical relationshipbuilding and communication skills.
- Ability to travel within the assigned territory.
- Leadership mentoring or supervisory experience is a plus.
Compensation
- Salary range: $175000 $220000 depending on skills experience and market factors.
#LI-BR1
Required Experience:
Senior IC
Key Skills
- Loan Processing
- Credit Analysis
- Fraud
- Math
- Risk Analysis
- Pricing
- Analysis Skills
- Fair Housing Regulations
- Equity Research
- Underwriting
- negotiation
- RMF
About Company
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