Senior Contract Surety Underwriter - Growth & Impact

Summit Consulting; Schaumburg (IL); On-site; USD 115,000 - 160,000; Full time

Benefits offered by this job

Medical insurance

Vision/Dental plans

PTO

Commuter benefits

401(k) match

Education reimbursement

Parental leave

Job summary

Great American Insurance Group's Bond Division is seeking a Contract Surety Senior Underwriter in Schaumburg, IL. This in-office role involves traveling within the assigned territory to evaluate complex financial statements, credit reports, and business operations in order to determine coverage and pricing.

You will collaborate with actuaries, agents, brokers, and clients to obtain necessary information, ensure documentation and compliance with regulations, and build relationships to generate

Qualifications

• Bachelor’s degree in Finance, Accounting, Business, or related field or equivalent experience.
• 5+ years of Contract Surety underwriting experience.
• Professional designations such as AFSB, CPCU, CPA, and/or RPLU preferred.

Responsibilities

• Evaluates and underwrites new and renewal business in accordance with underwriting guidelines and risk appetite.
• Reviews and evaluates complex financial statements, credit reports, and business operations of applicants.
• Determines coverage and pricing by evaluating financial capacity, past performance, and risk factors.
• Collaborates with actuaries, agents, brokers, and clients to obtain necessary information.
• Ensures proper documentation of underwriting decisions and compliance with regulations.
• Evaluates existing policies for potential renewal or modification.
• Communicates underwriting decisions clearly to internal teams, agents, and brokers.
• Stays updated on industry trends and market conditions.
• Develops and maintains relationships to generate new business and retain profitable business.
• Interprets and promotes products to drive market growth.

Skills

Financial statement analysis

Underwriting

Risk management

Communication

Negotiation

Travel

Education

Bachelor’s Degree in Finance/Accounting/Business

Job description

Great American Insurance Group's Bond Division is seeking a Contract Surety Senior Underwriter in Schaumburg, IL. This in-office role involves traveling within the assigned territory to evaluate complex financial statements, credit reports, and business operations in order to determine coverage and pricing.

You will collaborate with actuaries, agents, brokers, and clients to obtain necessary information, ensure documentation and compliance with regulations, and build relationships to generate