Commercial Bond Underwriter: Growth & Risk Insight

Tokio Marine HCC; San Diego (CA); On-site; USD 70,000 - 105,000; Full time

Job summary

Tokio Marine HCC – Surety Group in San Diego, CA is seeking a Commercial Bond Underwriter to review applications, rate risks, and determine acceptability, coverage, and pricing. You will build agency and broker relationships and operate with defined underwriting authority.

Responsibilities include inputting applicant financials, preparing FAN reports, approving within authority, drafting bonds, and resolving legal and collateral issues while staying current with industry trends.

Qualifications

• Minimum 2 Year / associate degree in business administration, accounting, finance, a related field, or the equivalent education and/or experience.
• 2 Years Relevant and progressive professional experience
• Solid written and verbal communication skills with an emphasis on confidentiality, tact, and diplomacy
• Advanced organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously
• Knowledgeable of industry changes, legal updates, and technical developments related to applicable area of the Company’s business
• Intermediate proficiency and experience using Microsoft Office package (Excel, Access, PowerPoint, Word)

Responsibilities

• Review commercial bond applications to evaluate, classify, and rate each risk to determine acceptability and rating.
• Input basic applicant financial information into underwriting system including working capital, net worth, net income, etc. to determine if supplied information falls within credit book guidelines.
• Prepare bond execution and Financial Adjustment Notices (FAN) reports.
• Approve within given authority or recommend approval or denial of bonds to higher authority within field or home office.
• Draft and issue surety bonds according to established guidelines.
• Resolve legal, accounting and collateral issues related to bond submissions with internal clients.
• Cultivate relationships with internal and external contacts to facilitate the underwriting process, promote business development, and to remain abreast of industry trends
• May perform some or all duties of Underwriting Assistant II/III.

Skills

Underwriting

Communication skills

Analytical skills

Microsoft Office

Education

Associate degree (business/finance/related)

Tools

Microsoft Office

Job description

Tokio Marine HCC – Surety Group in San Diego, CA is seeking a Commercial Bond Underwriter to review applications, rate risks, and determine acceptability, coverage, and pricing. You will build agency and broker relationships and operate with defined underwriting authority.

Responsibilities include inputting applicant financials, preparing FAN reports, approving within authority, drafting bonds, and resolving legal and collateral issues while staying current with industry trends.