Associate Contract Bond Underwriter

Tokio Marine HCC•Scottsdale, AZ

97d

About The Position

Underwriter Tokio Marine HCC – Surety Group, a member of the Tokio Marine Group of Companies, has an exciting opportunity for an Underwriter at our Scottsdale/Phoenix, AZ branch office. We are looking for a motivated individual to join our highly skilled underwriting team which specializes in contract surety bonds. Key Responsibilities The Underwriter reviews contract bond applications to evaluate, classify, and rate risk to determine acceptability, coverage, and pricing. The underwriter establishes, maintains, and develops agency and/or broker relationships, and has defined underwriting authority as well as responsibility for business development. Performance Objectives During the first 30 days: Learn about our company – our systems and processes, and the members of our team. Review contract bond applications to evaluate, classify, and rate risk to determine acceptability and rating. Analyze financial statements, collateral, and related due diligence. Prepare bond execution and financial analysis reports. During the first 3 months: Approve within given authority or recommend approval or denial of bonds to a higher authority within the home office. Draft and issue surety bonds according to established guidelines. During the first 6 months: Resolve legal, accounting, and collateral issues related to bond submissions with internal clients. During the first year and beyond: Cultivate relationships with internal and external contacts to facilitate the underwriting process, promote business development, and remain abreast of industry trends. The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals. The Tokio Marine HCC Group of companies is an equal opportunity employer. Please visit www.tmhcc.com for more information about our companies. Your success is our priority. In a world that is rapidly changing, TMHCC enables you to take on opportunities with confidence. At Tokio Marine HCC, we pride ourselves on hiring the smartest, most conscientious people, who want to make a difference no matter their background. And then we give them the support and trust they need. We’re always looking for curious, creative transformative thinkers who want to change the status quo and have a passion for doing the right thing. If this is you, then we want you on our team.

Requirements

Experience with analyzing financial statements
Customer service mindset – highly responsive to external and internal parties
Excellent organizational skills
Excellent time management skills
Excellent written and verbal interpersonal skills
Initiative to develop business opportunities
Adept at using multiple systems, programs, and tracking information
Bachelor’s degree in Business Administration, Finance, a related field, or the equivalent education and/or experience

Responsibilities

The Underwriter reviews contract bond applications to evaluate, classify, and rate risk to determine acceptability, coverage, and pricing.
The underwriter establishes, maintains, and develops agency and/or broker relationships, and has defined underwriting authority as well as responsibility for business development.
Review contract bond applications to evaluate, classify, and rate risk to determine acceptability and rating.
Analyze financial statements, collateral, and related due diligence.
Prepare bond execution and financial analysis reports.
Approve within given authority or recommend approval or denial of bonds to a higher authority within the 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 remain abreast of industry trends.