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
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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.
- 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.
- 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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