Commercial Bond Underwriter

Tokio Marine HCC – Surety Group, a member of the Tokio Marine Group of Companies, is seeking a Commercial Bond Underwriter for our San Diego, CA branch office.

About the role

Reviews commercial 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 defined underwriting authority and business development responsibility.

Responsibilities

• Review commercial bond applications to evaluate, classify, and rate each risk to determine acceptability and rating.
• Input basic applicant financial information into underwriting system including working capital, net worth, net income, etc. to determine if supplied information falls within credit book guidelines.
• 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 remain abreast of industry trends.
• May perform some or all duties of Underwriting Assistant II/III.

Competencies

• Planning: 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.
• People Management: No people management responsibility.

Requirements

• Minimum 2-year / associate degree in business administration, accounting, finance, a related field, or the equivalent education and/or experience.
• 2 years of relevant and progressive professional experience.
• Possess and have the 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).

Pay

For candidates working in person in San Diego, the reasonable pay range for this position is $69,700 to $104,500. The salary offered is based on a number of legitimate, non-discriminatory factors set by the Company.