Surety Underwriter: Customs Bonds

Avalon Risk Management; Schaumburg (IL); Hybrid; USD 55,000 - 65,000; Full time

Benefits offered by this job

Student debt assistance

Health insurance

Dental insurance

Vision insurance

401(k)

Tuition reimbursement

Hybrid work environment

Job summary

Avalon Risk Management in Schaumburg, IL is seeking a reliable professional to grow into an Underwriter in the surety and bonds space. The role requires experience and strong communication, with responsibilities across underwriting and servicing bond needs.

This full-time, exempt position offers a starting base of $55,000-$65,000 per year plus benefits including student debt assistance, health/dental/vision, 401(k) and tuition reimbursement.

Qualifications

• 3+ years of direct customs bond underwriting or related surety experience with binding authority.
• Strong verbal and written communication; excellent attention to detail and highly organized.
• Ability to meet deadlines and handle multiple tasks.

Responsibilities

• Underwriting bond risks within assigned parameters and authority
• Drafting underwriting approval requests to reinsurers
• Assisting agents and customers with various bond-related questions and regulations
• Handling and/or assisting with bond insufficiency notifications
• Managing bond supplies and requests
• Handling and/or assisting with letters of credit and other collateral maintenance tasks
• Preparing various management reports to manage surety program utilizing various software tools including Word, Excel, Access, etc. and our proprietary Merlin software
• Work on special projects for reinsurance, collateral reviews, audits, etc.

Skills

Verbal and written communication

Attention to detail

Organizational skills

Deadline-driven

Tools

Merlin software

Word

Excel

Access

Job description

Avalon Risk Management (“Avalon”) is a specialty insurance broker with offices in major port cities throughout the country. We focus on the unique and exciting world of risk management and insurance products for the international trade and logistics industry. Avalon is a privately held company owned by our founding management team and we have celebrated over 25 years of success. We are looking for a reliable professional interested in growing into an Underwriter. This position works from our headquarters in Schaumburg, IL.

As an industry leader in the customs bond space, we are seeking an intermediate candidate with at least 3 years of direct customs bond underwriting or related surety experience, with current binding authority. The ideal candidate will have strong verbal and written communication skills, excellent attention to detail, and the ability to stay highly organized while consistently meeting deadlines.

Our Surety Underwriters communicate with our offices, clients, insurance markets, and government agencies to gather and assess information for surety related coverage and bond renewals. Responsibilities include:

• Underwriting bond risks within assigned parameters and authority
• Drafting underwriting approval requests to reinsurers
• Assisting agents and customers with various bond-related questions and regulations
• Handling and/or assisting with bond insufficiency notifications
• Managing bond supplies and requests
• Handling and/or assisting with letters of credit and other collateral maintenance tasks
• Preparing various management reports to manage surety program utilizing various software tools including Word, Excel, Access, etc. and our proprietary Merlin software
• Work on special projects for reinsurance, collateral reviews, audits, etc.

Avalon is a premier provider of innovative insurance and surety solutions. This is a full-time, exempt (salaried) position with a starting base compensation range of $55,000 - $65,000 per year. We offer an excellent benefits package that includes student debt assistance, health, dental and vision insurance, 401(k), new tuition reimbursement, and more. After an introductory training period, new hires are eligible for a hybrid in-office and work from home environment. Avalon is an equal opportunity employer.

Interested candidates should get to know us online at www.avalonrisk.com, or by viewing our LinkedIn, Facebook, and Twitter social media profiles.