Underwriting Professional I
About The Position
Aon is hiring for an Underwriting Professional I. Bankers Insurance Service (BIS) business group within Aon Affinity is a leading general underwriter that provides insurance coverage for residential and commercial mortgage lenders. Our products include fidelity bond, E&O, Professional Liability, Mortgage Impairment, D&O, Privacy/Cyber Liability, and Surety coverages tailored to mortgage lenders and other financial institutions. Within stipulated underwriting authority limits, the Underwriting Professional is accountable for reviewing and evaluating applications for surety bonds to classify the applicant and determine the appropriate surety carrier for placement of the bonds. This is a hybrid role working two to three days per week, at our Chicago, IL office location. Aon is in the business of better decisions At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. As an organization, we are united through trust as one inclusive team, and we are passionate about helping our colleagues and clients succeed.
Requirements
- Surety Bond Industry experience
- Experience with MS Office suite products
- Bachelor’s Degree preferred or equivalent 3-5 years of surety/insurance experience
Nice To Haves
- P&C and Surplus Lines Licenses preferred, will be required to obtain within 6 months of hire date
Responsibilities
- Review and evaluate surety bond applications and related documents, including financial statements and other information needed to properly evaluate and classify the appropriate surety carrier for placement of the bonds.
- Obtain all relevant information not included with the initial submission to ensure a thorough evaluation of the risk.
- Review and evaluate financial statements and recommend appropriate actions to maintain bond coverage.
- Liaise with multiple surety bond carriers to ensure all documentation for bond placement is secured and rates to be charged are adequate and accurate.
- Prepare and review quotations to ensure accuracy prior to presentation to potential clients.
- Communicate effectively with current and prospective bond clients to ensure bond issuance deadlines are met and client needs satisfied.
- Maintain bond file documentation meticulously.
- Developing and managing a book of business with goals for production, net revenue, and underwriting audit results.
- Solicit new applications from past producers and clients
- Complete a variety of underwriting projects at the direction of management.
Benefits
- Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including, but not limited to: a 401(k) savings plan with employer contributions; an employee stock purchase plan; consideration for long-term incentive awards at Aon’s discretion; medical, dental and vision insurance, various types of leaves of absence, paid time off, including 12 paid holidays throughout the calendar year, 15 days of paid vacation per year, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, health savings account, health care and dependent care reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; optional personal insurance policies, adoption assistance, tuition assistance, commuter benefits, and an employee assistance program that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
5,001-10,000 employees
