Surety Bonds Senior Underwriter - Chicago

Job Title: Contract Surety Senior Underwriter

Location: Schaumburg, IL

• 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.

• Education:
  
  Bachelor’s Degree in Finance, Accounting, Business, or a related field or equivalent experience.
• 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.

Bond

$ - $

We offer a competitive Total Rewards package, including medical, dental, and vision plans starting on day one, PTO, paid holidays, commuter benefits, an employee stock purchase plan, education reimbursement, paid parental leave/adoption assistance, and a 401(k) plan with company match. These benefits are available to eligible full‑time and part‑time employees.