Surety Underwriter

Job Description

PRINCIPAL ACCOUNTABILITIES: Responsible for the review of new contract bonds for completion in accordance with Surety policies. Analyze new account submissions for assigned territories. Approve bonds within the limit of authority for this position. Oversee and manage the fiscal status of accounts. Perform analysis on annual accounting audits and internal financial statements. Review and be familiar with relevant credit information. Maintain current documentation and credit information files in accordance with the BAGIC Procedure Manual for Contract Surety. Maintain a strong knowledge of construction industry trends, market conditions, and current challenges and opportunities Develop Partnerships with Banks to sell Surety Bonds in partnership: Approach BAGIC Bank partners and to form partnership with them. Actively participate in underwriting and sales meetings and support management in the identification and launch of new programs and initiatives Analyze financial statements and secure appropriate underwriting information to evaluate credit risk and determine risk acceptability. Negotiate terms and conditions on complex bonds and accounts. Lead/participate in virtual and/or in-person meetings to facilitate the exchange of underwriting and project information. Actively participate in construction and surety industry functions, forums, and events. Assures development and implementation of policies, procedures, and standards to produce profitable underwriting results significantly contributing to process improvement and technology innovatio Developing, administering, and monitoring complex underwriting rules and guidelines SKILLS AND KNOWLEDGE: 7-8 years of Experience Minimum of 2-3 years of Engineering or Bank Guarantee UW Preferred Experience: Rating Agencies/Banks (Working Capital Underwriting) High level of integrity, confidentiality, and accountability. Strong competency in quantitative and project analysis. Effective written and verbal communication skills. Strong marketing skills and ability to obtain new business and work with contractor clients.