Underwriter Credit & Surety

Swiss Re • Chicago, IL

401d • Hybrid

About The Position

The role involves underwriting and managing an assigned territory within the Continental U.S., focusing on approving commercial and contract surety bonds, managing agency relationships, and driving new business through strategic planning and financial analysis. The position aims to achieve profitability and minimize loss ratios for the division.

Requirements

• Bachelor's Degree with emphasis in business, preferably finance or accounting, or relevant experience in commercial surety underwriting.
• 7-10 years of experience for Senior Underwriter level (VP Level).
• 3-6 years of experience for Underwriter level (AVP Level).
• Strong marketing and interpersonal skills.
• 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 up to 35%.

Responsibilities

• Ensure profitable underwriting decisions through appropriate financial analysis to determine the feasibility of providing surety credit.
• Perform analysis on annual and internal financial statements and review other relevant credit information for new and existing accounts.
• Analyze new account submissions for all commercial agents in the assigned territory.
• Maintain current underwriting files in accordance with the Swiss Re Surety Group Procedure Manual for Commercial Surety.
• Enhance existing agency relationships, identify and secure new agency relationships and terminate agent relationships that do not meet company revenue and profit objectives.
• Schedule regular meetings with established agents.
• Establish revenue goals and monitor losses for assigned region.
• Maintain a strong working relationship with the Claims Division and review all losses with Claims.
• Assist the Regional Manager in developing one to three year territory strategic plan.
• Assist the SVP - Commercial Surety with internal audits on a monthly basis or as necessary.
• Plan and manage regular meetings with agents, attend group functions, large account meetings and Swiss Re Corporate Solutions Surety Group regional meetings as required.
• Manage any special projects as delegated by the SVP- Commercial.

Benefits

• Hybrid work model with expectation to be in the office three days per week.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree