Contract Surety Bonds Senior Underwriter - Chicago

Contract Surety Senior Underwriter

Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group's member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty and property and casualty operations, there are always opportunities here to learn and grow.

At Great American, we value and recognize the benefits derived when people with different backgrounds and experiences work together to achieve business results. Our goal is to create a workplace where all employees feel included, empowered, and enabled to perform at their best.

Great American's Bond Division has been underwriting surety and fidelity bonds for over 95 years. Great American is known for expert underwriting, solid financial strength, market leadership and creative solutions to all bonding needs. With a highly diverse product line, Great American is one of the top surety companies in the United States.

Our Bonds Division is hiring for a Contract Surety Senior Underwriter to be in our Schaumburg, IL office. This position is a flexible work schedule which involves in-office work and traveling within the assigned territory.

Essential Job Functions and Responsibilities

• 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.

Job Requirements

Business Unit : Bond

Salary Range : $100,000.00 -$150,000.00

Benefits :

Compensation varies by role, position level, and location. Individual pay is influenced by skills, education, training, certifications, experience, and the role's scope and complexity, along with business needs.

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.

Your recruiter can provide more details about our total rewards and specific compensation ranges during the hiring process.