Contract Bond Underwriter at our Hunt Valley, Maryland branch office.
Job SummaryReviews contract bond applications to evaluate, classify, and rate each risk to determine acceptability, coverage, and pricing. Establishes, maintains, and develops agency and/or broker relationships. Has defined underwriting authority and business development responsibility.
Key Responsibilities- Review contract bond applications to evaluate, classify, and rate each risk to determine acceptability and rating.
- Perform analysis of applicant's financial statements, collateral, and related due diligence.
- Prepare bond execution and Financial Adjustment Notices (FAN) reports.
- Approve within given authority or recommend approval or denial of bonds to higher authority within field or home office.
- Draft and issue surety bonds according to established guidelines.
- Resolve legal, accounting, and collateral issues related to bond submissions with internal clients.
- Cultivate relationships with internal and external contacts to facilitate the underwriting process, promote business development, and to remain abreast of industry trends.
CompetenciesPlanning- Follow work plans, established timelines, and predefined goals for assigned work.
- Meet commitments on deadlines.
Communication- Communicate activities, results, and observations with employees and management as appropriate.
Cost Management- Identify areas for improvement in existing business practices.
- Perform work thoroughly in a cost-efficient manner and at a high productivity level.
Business Controls and Policies- Comply with all corporate policies and procedures.
- Report any breakdowns in controls to management.
- Conduct all activities in a safe manner.
People Management- No people management responsibility.
Position Knowledge, Skills, and Requirements- Minimum 4 Year / Bachelor's degree in business administration, accounting, finance, a related field, or the equivalent education and/or experience.
- 2 Years Relevant and progressive professional experience
- Possess and have ability to apply knowledge of principles, practices, and procedures
- Solid written and verbal communication skills with an emphasis on confidentiality, tact, and diplomacy
- Advanced organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously
- Knowledgeable of industry changes, legal updates, and technical developments related to applicable area of the Company's business to proactively respond to changing business environment
- Intermediate proficiency and experience using Microsoft Office package (Excel, Access, PowerPoint, Word)
For candidates working in person in Hunt Valley, the reasonable pay range for this specific position is $74,600 to $112,000. The salary offered for this specific position is based on a number of legitimate, non-discriminatory factors set by the Company. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of color, race, sex, national origin, sexual orientation, gender identity, gender expression, religion, age, veteran status, disability, pregnancy, citizenship status, genetic information, or any other basis protected by federal, state, or local pay equity laws. The salary range is the range TMHCC, in good faith, believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future, and actual compensation may vary from posting based on geographic location, work experience, education, and/or skill level. Even within the pay range, the actual compensation will vary depending on the above factors as well as market and business considerations.
