Contract Bond Underwriter

Tokio Marine HCC•Hunt Valley, MD

1d•Onsite

About The Position

Tokio Marine HCC – Surety Group, a member of the Tokio Marine Group of Companies, is hiring a Contract Bond Underwriter for its Hunt Valley, Maryland branch office. The role reviews contract bond applications, evaluates and rates risks, and determines their acceptability, coverage, and pricing. It has defined underwriting authority and business development responsibility, including establishing, maintaining, and developing agency and broker relationships.

Requirements

Bachelor’s degree in business administration, accounting, finance, or a related field, or equivalent education and/or experience.
Two years of relevant and progressive professional experience.
Knowledge of principles, practices, and procedures, and the ability to apply that knowledge.
Solid written and verbal communication skills, with emphasis on confidentiality, tact, and diplomacy.
Advanced organizational and analytical skills, including the ability to manage multiple tasks simultaneously.
Knowledge of industry changes, legal updates, and technical developments related to the Company’s business.
Intermediate proficiency and experience with Microsoft Office, including Excel, Access, PowerPoint, and Word.

Responsibilities

Review contract bond applications to evaluate, classify, and rate risks and determine acceptability and rating.
Analyze applicants’ financial statements, collateral, and related due diligence.
Prepare bond execution and Financial Adjustment Notices (FAN) reports.
Approve bonds within delegated authority or recommend approval or denial to higher authority within the 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 internal and external relationships to facilitate underwriting, promote business development, and stay current on industry trends.
Follow work plans, timelines, and goals, and meet deadlines.
Communicate activities, results, and observations to employees and management as appropriate.
Identify opportunities to improve business practices and perform work thoroughly, cost-efficiently, and productively.
Comply with corporate policies and procedures, report control breakdowns to management, and conduct activities safely.