Senior Contract Bond Underwriter

Tokio Marine HCC•Hunt Valley, MD

23h•Onsite

About The Position

Tokio Marine HCC – Surety Group, a member of the Tokio Marine Group of Companies, is hiring a Senior Contract Bond Underwriter for its Hunt Valley, Maryland branch office. Under general direction, the position reviews contract bond applications to evaluate, classify, and rate risks and determine acceptability, coverage, and pricing. The role has expanded underwriting authority and significant business development responsibility, including establishing, maintaining, and developing agency and broker relationships. The underwriter analyzes applicants’ financial statements, collateral, and related due diligence; prepares bond execution and Financial Adjustment Notices (FAN) reports; and approves bonds within delegated authority or recommends approval or denial to higher authority. The role also drafts and issues surety bonds according to established guidelines, resolves legal, accounting, and collateral issues with internal clients, and cultivates internal and external relationships to facilitate underwriting, support business development, and stay informed about industry trends. This position has no people management responsibility. For candidates working in person in Hunt Valley, the stated reasonable pay range is $93,400 to $140,200. Actual compensation may vary based on factors including location, experience, education, skills, market conditions, and business considerations.

Requirements

At least a four-year bachelor's degree in business administration, accounting, finance, or a related field, or equivalent education and/or experience.
Five years of relevant, progressive surety bond underwriting experience, including strong working knowledge of state laws and operating procedures.
Knowledge of and ability to apply relevant principles, practices, and procedures.
Solid written and verbal communication skills, with an emphasis on confidentiality, tact, and diplomacy.
Advanced organizational and analytical skills, with demonstrated 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 using 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 assigned authority or recommend approval or denial to higher authority in 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 relationships with internal and external contacts to facilitate underwriting, promote business development, and stay abreast of industry trends.
Follow work plans, established timelines, and predefined goals, and meet deadlines.
Communicate activities, results, and observations with employees and management as appropriate.
Identify improvements to existing 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.