Contract Surety Bonds Underwriting Manager - Orange, CA

gaig; Orange (CA); On-site; USD 175,000 - 220,000; Full time

Benefits offered by this job

Medical, dental, and vision

PTO

Commuter benefits

Employee stock purchase plan

Education reimbursement

Parental leave

401(k) match

Job summary

Great American Insurance Group in Orange, CA, is hiring a Contract Surety Underwriting Manager to lead risk selection, pricing, and underwriting within our Bond division. This role combines in-office work with travel across the assigned territory.

You will build client relationships, ensure compliance with guidelines, and mentor staff as needed. A Bachelor's in Finance or Accounting with 7+ years' experience is expected, with professional certifications encouraged.

Qualifications

• 7+ years of underwriting experience or related field.
• Progress toward professional certifications preferred (AFSB, CPA, RPLU).
• Bachelor's degree in Finance, Accounting or a related discipline.
• Experience in surety or bonds is desirable.

Responsibilities

• Lead risk selection, pricing, and terms within authority.
• Maintain high level of customer service and provider relationships.
• Analyze submissions and determine terms (limits, deductibles, options).
• Mentor staff and guide talent development.
• Ensure compliance with underwriting rules and laws.

Skills

Underwriting

Risk assessment

Client relations

Pricing

Education

Bachelor's degree in Finance or Accounting

Tools

Underwriting software

Credit analysis tools

Job description

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 and recognize the benefits derived when people with different backgrounds and experiences work together to achieve business results. 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.

Our Bonds Division is hiring for a Contract Surety Underwriting Manager to be located in our Orange, CA office. This position is a flexible work schedule which involves in-office work and traveling within the assigned territory.

Essential Job Functions and Responsibilities

• Has responsibility for low to moderately complex risk selection/rejection, pricing, retention, growth, and profitability within scope of authority and per divisional objectives.

• Uses independent judgment and initiative to support business goals.

• Maintains a high level of customer service.

• Receives and analyzes submissions and determines terms to offer (policy limits, credit limits, deductibles, coverage options and conditions, work programs, etc.).

• Prices business in accordance with company guidelines.

• May conduct investigations of new and existing accounts through business owners (banks, owners, creditors, debtors, architects, engineers, criminal record checks, on-site visits, etc.).

• Assesses risk quality and compliance within company guidelines.

• Orders and analyzes miscellaneous business reports needed in the rating and underwriting processes, including credit checks, bank agreements, financial statements, and underwriting surveys.

• Makes recommendations on risks over authority.

• Enters, maintains and monitors accounts using underwriting, analysis, and desktop systems.

• Prepares effective internal and external communications on underwriting issues.

• Develops and maintains effective business relationships with internal and external customers/coworkers in order to attract and retain profitable business.

• Visits producers and principals in order to retain existing accounts, build and maintain business relationships, and develop new opportunities in support of divisional objectives.

• Interprets, explains, and markets products and services.

• Visits producers/insureds in order to retain existing accounts, survey exposures, build and maintain business relationships, and develop new opportunities in support of divisional objectives.

• Applies underwriting rules and guidelines, rating manual rules, and insurance laws and regulations.

• May provide guidance and assistance to lower level associates.

• May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports.

• Performs other duties as assigned.

Job Requirements

• Education: Bachelor’s Degree or equivalent experience.

• Field of Study: Finance, Accounting or a related discipline

• Experience: Generally looking for 7+ years of related experience. Progression toward certification in area of expertise preferred; appropriate certifications could include Associate in Surety and Fidelity Bonding (AFSB), Certified Public Accountant (CPA) and/or Registered Professional Liability Underwriter (RPLU).

Business Unit:

Bond

Salary Range:

$175,000.00 -$220,000.00

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.