Bond Underwriting Associate

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Requirements:

• Knowledge of surety and fidelity underwriting terminology, coverage forms, related documents and procedures preferred
• Strong computer and keyboarding skills including knowledge of Microsoft Office Suite
• Strong verbal and written communication skills
• Excellent customer service skills
• Good math and bookkeeping skills
• Must be able to work on multiple tasks at one time with frequent interruptions
• Must be detail-oriented as well as possess strong problem-solving, organizational, and prioritizing skills

Responsibilities:

• Obtains information necessary to approve and process renewals for fidelity and commercial surety.
• Assesses risk and makes the final decision on approving and issuance of new and renewal bond policies within limited authority.
• Enters, rates, and codes all new bond business and renewals.
• Enters all cancellations and endorsements.
• Issues and processes all status inquiries on contract bonds.
• Enters and assists the bond underwriters with general indemnity agreements for contract and miscellaneous bond accounts as well as tracking them.
• Assists underwriters by entering financial statements and work-in-progress information into the bond underwriting system.
• Orders and pulls all personal credit reports and Experian reports for all contract and non-contract bond accounts and updates appropriate systems.
• Updates underwriters on credit report results. Reviews reports for all contract and non-contract bonds.