Senior Contract Bond Underwriter
Job Summary
TokioMarine HCC Surety Group a member of theTokioMarine Group of Companies has an opportunity for Senior Contract Bond Underwriter at our Plano TX branch office.
Job Summary
Under general direction reviews contract 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 expanded underwriting authority and significant business development responsibility.
Key Responsibilities
Relying on limited experience and knowledge this role is responsible for accomplishing the following assignments. These assignments are varied in nature.
- Review contract bond applications to evaluate classify and rate each risk to determine acceptability and rating.
- Perform analysis of applicants financial statements collateral and related due diligence.
- 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
Competencies
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.
Position Knowledge Skills and Requirements
- Minimum 4 Year / bachelors degree in business administration accounting finance a related field or the equivalent education and/or experience.
- 5 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)
Working Conditions and Physical Demands
Overtime hours may be required to fulfill job responsibilities
May be required to move and/or remain stationary for extended periods of time
May be required to move up to 10 pounds
Must be able to operate a computer and other devices
Close vision and ability to adjust focus such as required to read a computer screen
Travel Requirements
Passport Required
Frequent travel (20% of time or more)
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 THMCC 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.
TokioMarine HCC is a leading specialty insurance company with offices in the United States the United Kingdom Europe and other locations. We offer competitive compensation great benefits and the strength stability growth and profitability that comes from being a member of the Tokio Marine Group of Companies. We are a successful dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals.
TheTokioMarine HCC Group of companies is an equal opportunity visit more information about our companies.
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Required Experience:
Senior IC
About Company
Tokio Marine HCC - Surety Group is a leading provider of surety bonds that help businesses and individuals provide their customers with confidence and security.