Senior Contract Bond Underwriter
Tokio Marine HCC – Surety Group, a member of the Tokio Marine Group of Companies, is seeking a Senior Contract Bond Underwriter for our Plano, TX branch office.
About the role
Under general direction, reviews contract 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 expanded underwriting authority and significant business development responsibility.
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 remain abreast of industry trends.
- Follow work plans, established timelines, and predefined goals for assigned work; meet commitments on deadlines.
- Communicate activities, results, and observations with employees and management as appropriate.
- Identify areas for improvement in existing business practices; perform work thoroughly in a cost-efficient manner and at a high productivity level.
- Comply with all corporate policies and procedures; report any breakdowns in controls to management.
- Conduct all activities in a safe manner.
Requirements
- Minimum 4-year bachelor’s degree in business administration, accounting, finance, a related field, or equivalent education and/or experience.
- 5 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 areas of the Company’s business to proactively respond to a changing business environment.
- Intermediate proficiency and experience using Microsoft Office package (Excel, Access, PowerPoint, Word).
Working Conditions and Physical Demands
- Overtime hours may be required to fulfill job responsibilities.
- May be required to move and/or remain stationary for extended periods of time.
- May be required to move up to 10 pounds.
- Must be able to operate a computer and other devices.
- Close vision and ability to adjust focus, such as required to read a computer screen.
Travel Requirements
- Passport required.
- Frequent travel (20% of time or more).
Pay
The salary offered for this position is based on a number of legitimate, non-discriminatory factors set by the Company. The salary range is the range THMCC, in good faith, believes is the range of possible compensation for this role at the time of posting. Actual compensation may vary based on geographic location, work experience, education, and/or skill level.
Benefits
We offer competitive compensation and great benefits, along with the strength, stability, growth, and profitability that comes from being a member of the Tokio Marine Group of Companies.