Senior Contract Bond Underwriter

HCC Service Company, Inc.; Plano (TX); On-site; USD 70,000 - 90,000; Full time

Job summary

HCC Service Company, Inc. in Plano, Texas, is looking for a professional to review contract bond applications and establish relationships with agencies and brokers. The role involves evaluating risks, preparing reports, and managing bond approvals.

Candidates should have a 4-year degree and 5+ years of experience. Skills in communication, organization, and Microsoft Office are essential for success in this role. Join HCC Service Company to contribute to their underwriting team.

Qualifications

• Minimum 4-year bachelor’s degree in business administration, accounting, finance, or equivalent.
• 5 years of relevant and progressive professional experience.
• Solid written and verbal communication skills.
• Advanced organizational and analytical skills.
• Intermediate proficiency with Microsoft Office applications.

Responsibilities

• Review contract bond applications to evaluate and classify risks.
• Perform analysis of financial statements and related due diligence.
• Approve or recommend approval of bonds to higher authority.
• Cultivate relationships to facilitate the underwriting process.

Skills

Written communication skills

Analytical skills

Organizational skills

Microsoft Office proficiency

Industry knowledge

Interpersonal skills

Education

4-year bachelor’s degree in business administration or related field

Tools

Microsoft Excel

Microsoft Access

Microsoft PowerPoint

Microsoft Word

Job description

Job Summary

Under general direction, reviews contract bond applications to evaluate, classify, and rate each risk to determine acceptability, coverage, and pricing. Establishes, maintains, and develops agency and/or broker relationships. Has expanded underwriting authority and significant business development responsibility.

Key Responsibilities

• Review contract bond applications to evaluate, classify, and rate each risk to determine acceptability and rating.
• Perform analysis of applicant financial statements, collateral, and related due diligence.
• Prepare bond execution and Financial Adjustment Notice (FAN) reports.
• Approve within authority or recommend approval or denial of bonds to higher authority.
• 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 stay abreast of industry trends.

Competencies

• Follow work plans, established timelines, and predefined goals for assigned work.
• Meet commitments on deadlines.

Communication

• Communicate activities, results, and observations with employees and management as appropriate.

Cost Management

• Identify areas for improvement in existing business practices.
• Perform work thoroughly in a cost‑efficient manner and at a high productivity level.

Business Controls and Policies

• Comply with all corporate policies and procedures.
• Report any breakdowns in controls to management.
• Conduct all activities in a safe manner.

Qualifications

• Minimum 4‑year bachelor’s degree in business administration, accounting, finance, a related field, or equivalent education and/or experience.
• 5 years of relevant and progressive professional experience.
• Ability to apply knowledge of principles, practices, and procedures.
• 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.
• Knowledge of industry changes, legal updates, and technical developments related to applicable area of the Company’s business.
• Intermediate proficiency with Microsoft Office (Excel, Access, PowerPoint, Word).

Working Conditions and Physical Demands

• Overtime hours may be required to fulfill job responsibilities.
• May require moving and/or remaining stationary for extended periods of time.
• May require lifting up to 10 pounds.
• Must be able to operate a computer and other devices.
• Close vision and ability to adjust focus, such as required to read a computer screen.

Travel Requirements

• Passport required.
• Frequent travel (20% of time or more).

Equal Employment Opportunity

The Company is fully committed to ensuring equal pay opportunities for equal work regardless of color, race, sex, national origin, sexual orientation, gender identity, gender expression, religion, age, veteran status, disability, pregnancy, citizenship status, genetic information, or any other basis protected by federal, state, or local pay equity laws.

Compensation

The salary offered for this specific position is based on a number of legitimate, non‑discriminatory factors set by the Company. The salary range is the range the Company believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future, and actual compensation may vary from posting based on geographic location, work experience, education, and/or skill level. Even within the pay range, the actual compensation will vary depending on the above factors as well as market and business considerations.