Commercial Bond Underwriter

TokioMarine HCC Surety Group a member of theTokioMarine Group of Companies has an opportunity for Commercial Bond Underwriter at our San Diego CA branch office.

Job Summary

Reviews commercial bond applications to evaluate classify and rate each risk to determine acceptability coverage and pricing. Establishes maintains and develops agency and/or broker relationships. Has defined underwriting authority and business development responsibility.

Key Responsibilities

Review commercial bond applications to evaluate classify and rate each risk to determine acceptability and rating.

Input basic applicant financial information into underwriting system including working capital net worth net income etc. to determine if supplied information falls within credit book guidelines.

Prepare bond execution and Financial Adjustment Notices (FAN) reports.

Approve within given authority or recommend approval or denial of bonds to higher authority within field or home office.

Draft and issue surety bonds according to established guidelines.

Resolve legal accounting and collateral issues related to bond submissions with internal clients.

Cultivate relationships with internal and external contacts to facilitate the underwriting process promote business development and to remain abreast of industry trends

May perform some or all duties of Underwriting Assistant II/III.

Competencies

Planning

Follow work plans established timelines and predefined goals for assigned work.

Meet commitments on deadlines.

Communication

Communicate activities results and observations with employees and management as appropriate.

Cost Management

Identify areas for improvement in existing business practices.

Perform work thoroughly in a cost-efficient manner and at a high productivity level.

Business Controls and Policies

Comply with all corporate policies and procedures.

Report any breakdowns in controls to management.

Conduct all activities in a safe manner.

People Management

No people management responsibility.

Position Knowledge Skills and Requirements

• Minimum 2 Year / associate degree in business administration accounting finance a related field or the equivalent education and/or experience.
• 2 Years Relevant and progressive professional experience
• Possess and have ability to apply knowledge of principles practices and procedures
• Solid written and verbal communication skills with an emphasis on confidentiality tact and diplomacy
• Advanced organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously
• Knowledgeable of industry changes legal updates and technical developments related to applicable area of the Companys business to proactively respond to changing business environment
• Intermediate proficiency and experience using Microsoft Office package (Excel Access PowerPoint Word)

For candidates working in person in San Diego the reasonable pay range for this specific position is $69700 to $104500. The salary offered for this specific position is based on a number of legitimate non-discriminatory factors set by the Company. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of color race sex national origin sexual orientation gender identity gender expression religion age veteran status disability pregnancy citizenship status genetic information or any other basis protected by federal state or local pay equity laws. The salary range is the range TMHCC in good faith believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future and actual compensation may vary from posting based on geographic location work experience education and/or skill level. Even within the pay range the actual compensation will vary depending on the above factors as well as market and business considerations. The Tokio Marine HCC Group of Companies are equal opportunity employers. Please visit more information about our companies.