Marsh McLennan

Surety Account Executive

Marsh McLennan • $70K — $95K *
Houston, MN 55943Hybrid
Finance & Insurance
5 - 7 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • 5-7 years of increasing responsibility in the surety industry
  • Strong understanding of surety bond terminology and functions
  • Experience performing duties of a surety associate
  • Valid Insurance Solicitors License required
  • Commitment to pursuing advanced surety designations
  • Proficient in MS Office applications (Word, Excel, Outlook)
  • Excellent communication skills, both verbal and written
  • Strong analytical and organizational skills

Responsibilities

  • Process paperwork for new and renewal surety accounts including applications and bonds
  • Perform account and premium reconciliation
  • Coordinate underwriting requests with clients and surety companies
  • Assist in obtaining bond approvals from insurance carriers
  • Maintain and document client files in an electronic system
  • Participate in Errors & Omissions audits
  • Review client accounting history and resolve discrepancies
  • Provide technical guidance to staff on client procedural issues
  • Notify brokers of important client retention information
  • Support producers in developing new surety business opportunities

Benefits

  • Continuing education support for professional development
  • Collaborative work environment that encourages teamwork
  • Opportunities for advancement within the company
  • Exposure to diverse and challenging client projects
  • Supportive leadership committed to employee growth
Full Job Description
SUMMARY:

The primary focus of the Commercial Surety Account Executive is to provide technical support to Client Executives and to clients in maintaining Commercial Surety Accounts and Policies in accordance with the objectives and procedures outlined by the Regional Surety Operations Manager.

ESSENTIAL DUTIES & RESPONSIBILITIES:
  • Process paperwork for new and renewal business to include:
    • Expiration Lists
    • Applications
    • Riders and Consents of Surety
    • Indemnity Agreements
    • Preparation and execution of commercial surety bonds
    • Invoices
    • Letters of Bondability
  • Perform account and premium reconciliation.
  • Coordinates underwriting requests with surety company and client
  • Assists in obtaining bond approvals and authorizations from insurance carrier
  • Maintain client files.
    • Image files into electronic file keeping system.
    • Document files with action items and their completed status.
  • Participate in Errors & Omission audits
  • Reviews client accounting history, responds to accounting inquiries, corrects discrepancies, and contacts client on receivable collections
  • Provides technical guidance to staff assisting with client needs or procedural issues
  • Notifies brokers of pertinent information related to client retention
  • Supports producer in developing new surety business for clients and prospects
  • Establish and maintain positive and effective working relations with other Associates and clients.


REQUIREMENTS:
  • A minimum of 5 - 7 years industry experience showing increasing responsibility directly related to the performance of the above duties
  • A good understanding of surety bond terminology, the general functions of a surety broker, and the various lines of surety bonds.
  • Demonstrated ability to successfully perform the duties of a surety associate if currently employed at MMA.
  • Possess and maintain a valid Insurance Solicitors License.
  • Willingness to pursue advanced surety designations and continuing education.
  • Proficiency with MS Office software (i.e., Word, Excel and Outlook).
  • Excellent verbal and written communication skills
  • Possess advanced analytical, planning, organizational, and prioritization skills
  • Provide good customer service, including telephone and listening skills
  • Good ability and motivation to work independently, and also within a team environment


About Marsh McLennan

Marsh McLennan Careers

Join the exceptional team at Marsh McLennan, a global leader in professional services, offering unparalleled job opportunities in insurance, risk management, and consultancy. As the company propels forward, it invites dedicated professionals to contribute to a culture of innovation, leadership, and growth.

Work You’ll Do

At Marsh McLennan, you will engage with complex challenges that push the boundaries of your skills and knowledge. Our team thrives on diversity and the shared goal of delivering impactful solutions to our clients worldwide. By joining us, you will be part of a culture that values diversity training and leadership development, ensuring every team member is equipped for success.

Explore Professional Growth

Marsh McLennan is committed to the professional growth of its employees. Whether you are seeking a position that offers a path to leadership or looking for robust internship programs to kickstart your career, Marsh McLennan provides the resources and global platform to propel your ambitions into achievements. Our benefits package is designed to support the well-being and continuous professional development of all staff, from entry-level to senior leadership roles.

Innovative Work Environment

Our company is at the forefront of industry innovation. The collaboration between experienced professionals and fresh talent generates dynamic solutions that keep Marsh McLennan at the cutting edge of the industry. Our team is encouraged to lead with creativity and embrace new ideas, driving the company’s legacy of pioneering industry-first solutions.

Join Our Team

Marsh McLennan is hiring! Explore the multitude of job opportunities on our careers page, from strategic advisory roles to operational excellence positions. We look for passionate, curious, and solution-driven team players. Enhance your career with Marsh McLennan, where your skills will be honed through challenging projects and high-impact strategies.

Networking and Career Advancement

Networking at Marsh McLennan opens doors to enriching connections and countless opportunities within the industry. Our professionals benefit from an environment that fosters networking through events, professional groups, and collaborative projects. With Marsh McLennan, career advancement is not just a possibility—it is an expectation.

Prepare for Your Interview

Ready to apply? Make sure your resume highlights your most relevant experiences and skills tailored to the position you are applying for. Our interview process is designed to understand your capabilities and fit with our team’s goals and values. Prepare to discuss how your background, experiences, and professional aspirations align with the opportunities at Marsh McLennan.

Stay Connected

Keep up to date with the latest from Marsh McLennan: - **Career Insights**: Gain insider perspectives and industry-leading insights through our careers blog. - **Job Alert Emails**: Personalize your subscription to receive job alerts and the latest news tailored to your preferences. Discover the rewarding career opportunities awaiting at Marsh McLennan, where your professional journey is just the beginning. Join us in shaping a future defined by insight, integrity, and innovation.
Learn more about Marsh McLennan
Size
83,000 employees
Market Cap
$82.6 billion
Industry
Finance & Insurance
Net Income
$2 billion
Founded
1914
5 Year Trend
+8.5%
Revenue
$17.2 billion
NASDAQ
MMC
* Ladders Estimates

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