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Contract Surety Underwriting Manager

The Jonus Group

Job Description

Contract Surety Underwriting Manager
Job Summary

Seeking a highly skilled and experienced Contract Surety Underwriting Manager to join a dynamic underwriting team. This role involves managing routine underwriting responsibilities, including financial and account analysis, bond renewal preparation, and maintaining strong agency relationships. The ideal candidate will have a deep understanding of the Contract Surety industry and possess exceptional analytical and communication skills.
Compensation Package
  • Competitive salary (commensurate with experience).
  • Comprehensive benefits package, including health, dental, and vision insurance.
Responsibilities
  • Conduct financial and account analysis of pertinent data to evaluate new, existing, and renewal business.
  • Request and gather financial information on assigned accounts.
  • Prepare bond renewals and determine whether bonds should be canceled.
  • Maintain and foster strong agency relationships, providing exceptional service and support.
  • Underwrite low-value bonds and renewals within authority limits.
  • Provide direction to Bond Underwriting Assistants for bond processing.
  • Deliver quality recommendations to Branch and Home Office Reports on assigned accounts and agents.
  • Rate and review bonds for premium and classification accuracy.
  • Ensure accuracy and completeness of files, verifying all necessary documentation is included.
  • Act as the primary service contact for assigned agents, including in-person visits to maintain ongoing relationships.
  • Communicate knowledge of assigned accounts effectively to Branch and Home Office personnel through written and verbal means.
  • Prioritize workflow to meet deadlines and ensure timely completion of tasks.
  • Perform other job-related duties as required.
Qualifications/Requirements
  • Bachelor's degree in Risk Management, Finance, Mathematics, Business, or a related field with at least 7 years of experience in Surety, or equivalent experience (11 years of Surety experience).
  • In-depth knowledge of the Contract Surety industry and advanced analytical skills, with a minimum of 5 years of industry experience.
  • Ability to apply loss development and advanced loss analysis concepts to achieve optimal risk pricing.
  • Creative problem-solving skills to utilize coverage features, deductibles, or reinsurance to meet company objectives.
  • Strong communication and relationship-building skills to effectively interact with agents, underwriters, and internal teams.

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Vacancy posted 4 days ago
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