Surety Underwriter

• PRINCIPAL ACCOUNTABILITIES
  

• Responsible for the review of new contract bonds for completion in accordance with Surety policies.
• Analyze new account submissions for assigned accounts.
• 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.
• Visit bond accounts as requested by stakeholders and Underwriting Head.
• Provide quarterly marketing updates and other reports as requested by various stakeholders
• Maintain a strong knowledge of construction industry trends, market conditions, and current challenges and opportunities
• Develop broker relationships and marketing strategies to further new business opportunities.
• Actively participate in underwriting and sales meetings and support management in the identification and launch of new programs and initiatives
• Assures development and implementation of policies, procedures, and standards to produce profitable underwriting results significantly contributing to process improvement and technology innovation
• Addressing governance and regulatory compliance issues
• MAJOR CHALLENGES
  

• Ability to thrive in a fast-paced environment and manage multiple priorities
• Securing appropriate underwriting information to evaluate credit risk and determine risk acceptability.
• DECISIONS
  

• INTERACTIONS
  

Internal Clients

Roles you need to interact with inside the organization to enable success in your day to day work

External Clients

Roles you need to interact with outside the organization to enable success in your day to day work

• Role need to interact with outside the organization to enable success in your day to day work
• Brokers : Presenting product to them and also sourcing business through channel partner