Contract Surety Bond Underwriter or Senior Underwriter (OHIO)
About The Position
Underwrite contract surety bonds in conformance with NAS Surety Group underwriting guidelines to determine if they meet risk acceptability standards and the strategy of the company. Responsible for increased premium production achieved by enhancing agent relationships. Authority to approve surety bonds up to an assigned authority level granted by Branch Manager. Responsible for the management of daily bids and final bond requests. Responsible for the review of new contract bonds for completion in accordance with NAS policies. Analyze new account submissions for assigned territory. Approve bonds within the limit of authority for this position. Oversee and manage the fiscal status of accounts. Perform analysis on annual accounting audits and internal financial statements. Review and be familiar with relevant credit information. Maintain current documentation and credit information files in accordance with the NAS Surety Group Procedure Manual for Contract Surety. Enhance existing agency relationships and identify and secure new agents. Schedule regular meetings with established agents. Visit bond accounts as requested by agents and supervisor. Provide quarterly marketing updates to VP/Branch Manager and other reports as requested. Attend NAS Surety Group regional meetings as required. Participate in special projects as delegated by the VP/Branch Manager The ideal position location is in Ohio, and could be based in Cleveland, Columbus, or other metro areas. The role would likely be a Teleworker role.
Requirements
- Bachelor's Degree with emphasis in business, preferably finance or accounting, or equivalent work experience.
- Minimum of 3-5 years of current contract surety underwriting experience for Underwriter level; 7 to 10 years for Senior Underwriter.
- Strong marketing skills and ability to obtain new business and work with contractor clients.
- Strong competency in quantitative and financial analysis.
- Effective written and verbal communication skills.
- Competent computer skills including knowledge of Excel and Word.
- Ability to travel 25%.
Responsibilities
- Responsible for the management of daily bids and final bond requests.
- Responsible for the review of new contract bonds for completion in accordance with NAS policies. Analyze new account submissions for assigned territory.
- Approve bonds within the limit of authority for this position.
- Oversee and manage the fiscal status of accounts. Perform analysis on annual accounting audits and internal financial statements. Review and be familiar with relevant credit information.
- Maintain current documentation and credit information files in accordance with the NAS Surety Group Procedure Manual for Contract Surety.
- Enhance existing agency relationships and identify and secure new agents. Schedule regular meetings with established agents. Visit bond accounts as requested by agents and supervisor.
- Provide quarterly marketing updates to VP/Branch Manager and other reports as requested.
- Attend NAS Surety Group regional meetings as required.
- Participate in special projects as delegated by the VP/Branch Manager
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Insurance Carriers and Related Activities
Number of Employees
5,001-10,000 employees
