Commercial Surety Underwriter - Bonds Division

Summit Consulting; Orlando (FL); Remote; USD 74,000 - 100,000; Full time

Job summary

Great American Insurance Group is seeking a Commercial Surety Underwriter for their Bonds Division. This role, which can be located remotely in several Southeastern states, involves evaluating and underwriting bonds while collaborating with agents and clients. The position offers significant responsibilities with opportunities for professional growth within a renowned insurance company.

Benefits

Medical, dental, and vision plans starting on day one

PTO and paid holidays

Education reimbursement

401(k) plan with company match

Qualifications

• Bachelor's Degree in Finance, Economics, Business, or related field
• 3+ years of experience in underwriting, finance, or banking
• Proficiency in financial statement analysis and risk management

Responsibilities

• Evaluate and underwrite new and renewal business
• Review complex financial statements and credit reports
• Ensure compliance with underwriting guidelines and regulations

Skills

Analytical skills

Risk assessment

Communication

Negotiation

Decision-making

Education

Bachelor’s Degree in Finance, Economics, Business

Job description

Commercial Surety Underwriter - Bonds Division

Join to apply for the Commercial Surety Underwriter - Bonds Division role at Great American Insurance Group

Commercial Surety Underwriter - Bonds Division

12 hours ago Be among the first 25 applicants

Join to apply for the Commercial Surety Underwriter - Bonds Division role at Great American Insurance Group

Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group's member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty and property and casualty operations, there are always opportunities here to learn and grow.

At Great American, we value diversity and recognize the benefits gained when people from different cultures, backgrounds and experiences work collaboratively to achieve business results. We are intentionally focused on fostering an inclusive culture and know valuing diversity is an essential leadership quality. Our goal is to create a workplace where all employees feel included, empowered and enabled to perform at their best.

Great American's Bond Division has been underwriting surety and fidelity bonds for over 90 years. Great American is known for expert underwriting, solid financial strength, market leadership and creative solutions to all bonding needs. With a highly diverse product line, Great American is one of the top surety companies in the United States.

https://www.greatamericaninsurancegroup.com/about-us/business-operations/division/bond

Our Bonds Division is hiring for a Commercial Surety Underwriter to be located in the Southeast or Mid-Atlantic region. This will be a fully remote opportunity with the expectation of limited travel. This position can be located in Tennessee, Georgia, Florida, North Carolina, South Carolina, Virginia, Delaware, Pennsylvania, or Maryland.

Essential Job Functions And Responsibilities

• Leads the evaluation and underwriting of new and renewal business, ensuring alignment with Company underwriting guidelines and risk appetite.
• Reviews and evaluates complex financial statements, credit reports, and business operations of applicants.
• Determines coverage and sets terms, conditions, and pricing by evaluating the applicant’s financial capacity, past performance, and risk factors.
• Collaborates with agents, brokers, and clients to obtain necessary information and provide guidance.
• Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations.
• Evaluates complex policy renewals and modifications, identifying opportunities for policy enhancements and risk mitigation.
• Communicates underwriting strategies and decisions effectively to internal teams, agents, and brokers.
• Stays updated on industry trends, regulatory changes, and market conditions.
• Maintains effective business relationships with internal and external customers/coworkers, focusing on generating new business and retaining profitable business.
• Interprets, explains, and promotes products and services to drive market growth.
• Monitors and evaluates underwriting practices, assisting with implementing strategic adjustments to improve overall effectiveness and outcomes.
• Performs other duties as assigned.
  
  

Job Requirements

• Education: Bachelor’s Degree in Finance, Economics, Business, or a related field or equivalent experience.
• Experience: Generally, a minimum of 3 years of underwriting, finance, banking, or related experience. Continuing progress toward and/or the completion of a professional designation preferred, such as Associate in Fidelity and Surety Bonding (AFSB), Chartered Property Casualty Underwriter (CPCU), Certified Public Accountant (CPA), and/or Registered Professional Liability Underwriter (RPLU).
  
  

Scope of Job/Qualifications: Performs work under some supervision and technical direction. Works with significant latitude and authority on complex assignments. Demonstrates analytical, risk assessment, and problem-solving skills. Strong understanding of financial statement analysis and risk management. Excellent communication and interpersonal skills. Emergent negotiation and decision-making ability. Position requires limited travel up to 10%.

Business Unit

Bond

Salary Range

$74,400.00 -$99,600.00

Benefits

Compensation varies by role, position level, and location. Individual pay is influenced by skills, education, training, certifications, experience, and the role's scope and complexity, along with business needs.

We offer a competitive Total Rewards package, including medical, dental, and vision plans starting on day one, PTO, paid holidays, commuter benefits, an employee stock purchase plan, education reimbursement, paid parental leave/adoption assistance, and a 401(k) plan with company match. These benefits are available to eligible full-time and part-time employees.

Your recruiter can provide more details about our total rewards and specific compensation ranges during the hiring process.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Insurance

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