Contract Surety Bonds Senior Underwriter - Chicago
Core
Evaluates and underwrites new and renewal contract surety and fidelity bond business, setting terms, conditions, and pricing based on financial capacity and risk factors.
Role type
Senior Contract Surety Underwriter
Builds
Surety and fidelity bond coverage for clients
Domain
Insurance / Surety Bonding
Deliverable
production ML models | product features | dashboards & analysis | research | client delivery | infrastructure | physical/clinical work
Required skills
Financial statement analysis, risk management, credit report evaluation, regulatory compliance, negotiation, decision-making
Preferred skills
Associate in Fidelity and Surety Bonding (AFSB), Chartered Property Casualty Underwriter (CPCU), Certified Public Accountant (CPA), Registered Professional Liability Underwriter (RPLU)
Technologies
None stated
Responsibilities
Evaluates and underwrites new and renewal business in accordance with Company underwriting guidelines and risk appetite; Reviews and evaluates complex financial statements, credit reports, and business operations of applicants; Determines coverage and sets terms, conditions, and pricing by evaluating the applicant's financial capacity, past performance, and risk factors; Collaborates with actuaries, agents, brokers, and clients to obtain necessary information and clarify details; Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations; Evaluates existing policies for potential renewal or modification.
Seniority
Senior, hands-on IC