Senior Contract Bond Underwriter — Growth & Relationships

Tokio Marine HCC International; Cockeysville (MD); On-site; USD 93,000 - 140,000; Full time

Job summary

Tokio Marine HCC – Surety Group in Hunt Valley, Maryland is seeking a Senior Contract Bond Underwriter to review bond applications, analyze financials, and determine acceptability and pricing. The role includes developing agency/broker relationships and expanding underwriting authority.

The position requires 5+ years of underwriting experience, a bachelor’s degree or equivalent, and strong MS Office skills, with emphasis on confidentiality and diplomacy. On-site work in Hunt Valley, MD.

Qualifications

• Minimum 4 Year / Bachelor’s degree in business administration, accounting, finance, a related field, or the equivalent education and/or experience.
• 5 Years Relevant and progressive Surety Bond Underwriting experience that includes a strong working knowledge of state laws and operating procedures.
• Possess and have 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
• Knowledgeable of industry changes, legal updates, and technical developments related to applicable area of the Company’s business to proactively respond to changing business environment
• Intermediate proficiency and experience using Microsoft Office package (Excel, Access, PowerPoint, Word)

Responsibilities

• Review contract bond applications to evaluate, classify, and rate each risk to determine acceptability and rating.
• Perform analysis of applicant’s financial statements, collateral, and related due diligence.
• 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

Skills

Written and verbal communication

Analytical skills

Organizational skills

Multi-tasking

Education

Bachelor’s degree or equivalent education/experience

Tools

Microsoft Office (Excel, Access, PowerPoint, Word)

Job description

Tokio Marine HCC – Surety Group in Hunt Valley, Maryland is seeking a Senior Contract Bond Underwriter to review bond applications, analyze financials, and determine acceptability and pricing. The role includes developing agency/broker relationships and expanding underwriting authority.

The position requires 5+ years of underwriting experience, a bachelor’s degree or equivalent, and strong MS Office skills, with emphasis on confidentiality and diplomacy. On-site work in Hunt Valley, MD.