Surety Bond Underwriter (Contract Surety) - Seattle

Swiss Re • Seattle, WA

103d • $120,000 - $180,000

About The Position

The position location is Seattle, Washington. Underwrite contract surety bonds in conformance with 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 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 Surety Group regional meetings as required. Participate in special projects as delegated by the VP/Branch Manager.

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; 6 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 20%.

Responsibilities

• Underwrite contract surety bonds in conformance with Surety Group underwriting guidelines.
• Determine if bonds meet risk acceptability standards and company strategy.
• Manage daily bids and final bond requests.
• Review new contract bonds for completion in accordance with NAS policies.
• Analyze new account submissions for assigned territory.
• Approve bonds within the limit of authority.
• Oversee and manage the fiscal status of accounts.
• Perform analysis on annual accounting audits and internal financial statements.
• Maintain current documentation and credit information files.
• Enhance existing agency relationships and identify 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.
• Attend Surety Group regional meetings as required.
• Participate in special projects as delegated by the VP/Branch Manager.

Benefits

• Hybrid work model with expectation to be in the office or visiting clients three days per week on average.
• Total compensation approach considering base pay, short-and long-term incentives, and benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree