Contract Surety Bonds Senior Underwriter - Chicago at American Family Insurance Group

Schaumburg, Illinois, United States

Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Bachelor’s Degree in Finance, Accounting, Business, or a related field or equivalent experience
Generally, 5 or more years of Contract Surety underwriting experience
Continuing progress toward and/or the completion of a professional designation preferred, such as Associate in Fidelity and Surety Bonding (AFSB), Chartered Property Casualty Underwriter (CPCU), Certified Public Accountant (CPA), and/or Registered Professional Liability Underwriter (RPLU)
Performs work under general supervision and technical direction
Familiar with moderately complex concepts, practices, and procedures
Works with authority on assignments of moderate technical complexity
Strong analytical skills and attention to detail
Strong understanding of financial statement analysis and risk management
Excellent communication and interpersonal skills
Strong negotiation and decision-making ability
Position requires occasional travel

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
Communicates underwriting decisions clearly and effectively to internal teams, agents, and brokers
Stays updated on industry trends, regulatory changes, and market conditions
Develops and maintains effective business relationships with internal and external customers/coworkers, focusing on generating new business and retaining profitable business
Interprets, explains, and promotes products and services to drive market growth
Performs other duties as assigned