Senior Commercial Surety Underwriter

Summit Consulting; Schaumburg (IL); Hybrid; USD 125,000 - 175,000; Full time

Benefits offered by this job

Medical, dental, and vision coverage

401(k) plan with company match

Employee stock purchase plan

Commuter benefits

Paid time off and holidays

Job summary

Great American Insurance Group is seeking a Commercial Surety Underwriter. The candidate could be in Schaumburg, Illinois, or Cincinnati, Ohio, with a hybrid work arrangement and some travel within the territory.

The role involves analyzing reports, pricing risk, and managing profitability for the branch. You will develop relationships with stakeholders, communicate effectively, and drive superior customer service while upholding underwriting standards.

Qualifications

• Bachelor’s degree or equivalent experience in Finance/Accounting or related field.
• 5+ years of underwriting or risk assessment experience.
• Progression toward professional certifications (AFSB, CPA, RPLU) preferred.

Responsibilities

• Understand and analyze business reports needed in the underwriting processes, including credit checks, bank agreements, and financial statements.
• Responsible for risk selection/rejection, pricing, retention, growth, and profitability for their branch.
• Assess risk quality in compliance with company guidelines.
• Review the underwriting of others and make recommendations for extending surety credit including the terms and conditions.
• Develop and maintain strategic relationships with internal and external stakeholders.
• Communicate effectively.
• Must be highly organized to handle a variety of responsibilities.
• Deliver exceptional customer service.
• Make timely, informed decisions.
• Coach and develop team.

Skills

Underwriting

Risk assessment

Communication

Education

Bachelor’s Degree or equivalent in Finance/Accounting

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. This position is not eligible for employment visa sponsorship. Applicants must be authorized to work in the United States without the need for current or future sponsorship. Great American has been providing surety bonds since 1926. We are known for expert underwriting, solid financial strength, market leadership and creative solutions to bonding needs. We are one of the top surety companies in the United States.

Bonds - Great American Insurance Group

We have an opportunity for a Commercial Surety Underwriter. The candidate ideally will be in Chicago (Schamburg), Illinois or Cincinnati, Ohio but are open to candidates located in Charlotte, NC, Philadelphia, PA, Dallas (Richardson), TX, or Los Angeles (Orange), CA. The position can be hybrid, involving in-office work three days a week, and traveling within the assigned territory.

Essential Job Functions and Responsibilities

Understand and analyze business reports needed in the underwriting processes, including credit checks, bank agreements, and financial statements.

Responsible for all risk selection/rejection, pricing, retention, growth, and profitability for their branch office.

Assess risk quality in compliance with company guidelines.

Review the underwriting of others and make recommendations for extending surety credit including the terms and conditions.

Develop and maintain strategic relationships with internal and external stakeholders.

Communicate effectively.

Must be highly organized to handle a variety of responsibilities.

Deliver exceptional customer service.

Make timely, informed decisions.

Operate with integrity and honesty.

Hold self and team accountable for achieving established objectives.

Use independent judgment and initiative to support business goals.

Coach and develop team.

Job Requirements

Education: Bachelor’s Degree or equivalent experience.

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

Experience: Generally, 5+ 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: $125,000.00 -$175,000.00

Benefits:

We offer competitive benefits packages for full-time and part-time employees*. Full-time employees have access to medical, dental, and vision coverage, wellness plans, parental leave, adoption assistance, and tuition reimbursement. Full-time and eligible part-time employees also enjoy Paid Time Off and paid holidays, a 401(k) plan with company match, an employee stock purchase plan, and commuter benefits. Compensation varies by role, level, and location and is influenced by skills, experience, and business needs. Your recruiter will provide details about benefits and specific compensation ranges during the hiring process.

Learn more at http://www.gaig.com/careers.

*Excludes seasonal employees and interns.

Why can you trust Great American Insurance Group?

For nearly 150 years, Americans have trusted us to protect them. Our innovative insurance solutions and specialization serves niche marketplaces that we know well. This expertise gives us a successful foundation that spans generations. You never know where a career in insurance will take you. Whether you are starting your career or are looking for a company to grow your experience, at Great American Insurance Group, you can join our more than 8,500 employees to “Be Here. Be GREAT!” To learn more, visit our Career Page