Demo

Senior Underwriter - Surety

AXA XL Ltd
Chicago, IL Full Time
POSTED ON 2/20/2025
AVAILABLE BEFORE 5/19/2025

Senior Surety Underwriter - Commercial Bonds Chicago, IL | Dallas, TX | New York, NY | Scottsdale, AZ | USA

DISCOVER your opportunity

The primary focus of this role is on broad territory management, which includes relationship, underwriting and expense management. This role develops and maintains business relationships with agencies and / or brokers for the purpose of sales growth and distribution expansion, and independently underwrites accounts based on authority level granted to the role and underwriting appetite.

What will your essential responsibilities include?

  • Monitors market conditions and confirms information gathered within market space.
  • Analyzes performance of portfolio as well as individual account performance and develops appropriate action to drive profitable growth based upon the analysis.
  • Reviews underwriting guidelines and provides input on new guidelines as the Commercial Bond unit expands.
  • Actively participates and contributes to operational initiatives within PRCB to execute the operational plan.
  • Works with other members of the PRCB team, Specialty and P&C to develop and pursue cross selling opportunities.
  • Plans, develops and integrates territory sales plans to achieve top and bottom line objectives.
  • Communicates strategic direction and operational plan to external partners.
  • Communicates policies, procedures, and financial budgets that result in attainment of business objectives.
  • Develops and maintains outstanding business relationships with key groups and individuals within the commercial lines market.
  • Develops customer service standards for commercial bond team. Drives customer service performance to established standards.
  • Works in partnership with fellow leaders to manage the training of employees and to ensure a high degree of competency and professionalism.
  • Sets operational expectations, goals and strategies.

You will report to the Underwriting Manager, Commercial Bond .

SHARE your talent

SHARE your talent

We're looking for someone who has these abilities and skills :

  • Education : Undergraduate degree in business, insurance, or a related field preferred.
  • License / Certification / Designation : Actively pursuing of AFSB, CPCU or other insurance / finance related certification desired.
  • Experience : Extensive commercial or contract surety or related underwriting experience preferred.
  • Knowledge : Requires advanced knowledge of contract and / or commercial surety operations products, procedures and practices. Expertise in bond lines of business, ratings, customer environment and markets. Requires extensive knowledge of bond underwriting best practices, field underwriting operations and day-to-day underwriting operational needs. Familiarity with other company products preferred.
  • Skills / Competencies : Must have excellent verbal and written communication skills in order to disseminate vision of senior leadership and to motivate a large agency force. Ability to set work priorities and to initiate, evaluate and recommend solutions to upper management.
  • Must have the ability to perform duties with independent judgment, with underwriting authority and company underwriting standards.
  • Demonstrated decision-making ability required in day-to-day operations.
  • FIND your future

    AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don't just provide re / insurance, we reinvent it.

    How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business - property, casualty, professional, financial lines and specialty.

    With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.

    Learn more at axaxl.com

    Inclusion & Diversity

    AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic.

    At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success. That's why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can reach their highest potential. It's about helping one another - and our business - to move forward and succeed.

  • Five Business Resource Groups focused on gender, LGBTQ , ethnicity and origins, disability and inclusion with 20 Chapters around the globe
  • Robust support for Flexible Working Arrangements
  • Enhanced family friendly leave benefits
  • Named to the Diversity Best Practices Index
  • Signatory to the UK Women in Finance Charter
  • Learn more at axaxl.com / about-us / inclusion-and-diversity . AXA XL is an Equal Opportunity Employer.

    Sustainability

    At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called "Roots of resilience," focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.

    Our Pillars :

  • Valuing nature : How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society - are essential to our future. We're committed to protecting and restoring nature - from mangrove forests to the bees in our backyard - by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
  • Addressing climate change : The effects of a changing climate are far reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
  • Integrating ESG : All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We're training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
  • AXA Hearts in Action : We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL's "Hearts in Action" programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day - the Global Day of Giving.
  • For more information, please see Sustainability at AXA XL .

    The U.S. pay range for this position is $124,500 - $186,500. Actual pay will be determined based upon the individual's skills, experience, and location. We strive for market alignment and internal equity with our colleagues' pay.

    At AXA XL, we know how important physical, mental, and financial health are to our employees, which is why we are proud to offer benefits such as a competitive retirement savings plan, health and wellness programs, and many other benefits. Wealsobelieve in fostering our colleagues' development and offer a wide range of learning opportunities for colleagues to hone their professional skills and to position themselves for the next step of their careers. For more details aboutAXA XL's benefits offering s , please visit US-Benefits-at-a-Glance_2023_US.pdf (myaxaxlbenefits.com) .

    Salary : $124,500 - $186,500

    If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution. Compensation Planning
    Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right. Surveys & Data Sets

    What is the career path for a Senior Underwriter - Surety?

    Sign up to receive alerts about other jobs on the Senior Underwriter - Surety career path by checking the boxes next to the positions that interest you.
    Income Estimation: 
    $87,462 - $118,395
    Income Estimation: 
    $125,552 - $162,907
    Income Estimation: 
    $115,496 - $142,565
    Income Estimation: 
    $96,188 - $130,586
    Income Estimation: 
    $106,030 - $150,547
    Income Estimation: 
    $69,261 - $91,404
    Income Estimation: 
    $88,031 - $110,533
    Income Estimation: 
    $94,544 - $118,022
    Income Estimation: 
    $87,462 - $118,395
    Income Estimation: 
    $90,329 - $120,891
    Income Estimation: 
    $90,329 - $120,891
    Income Estimation: 
    $125,552 - $162,907
    Income Estimation: 
    $115,496 - $142,565
    Income Estimation: 
    $96,188 - $130,586
    Income Estimation: 
    $106,030 - $150,547
    Income Estimation: 
    $127,593 - $180,574
    Income Estimation: 
    $173,898 - $215,349
    Income Estimation: 
    $175,869 - $224,608
    Income Estimation: 
    $226,328 - $346,983
    Income Estimation: 
    $181,348 - $253,947
    Income Estimation: 
    $181,348 - $253,947
    Income Estimation: 
    $173,898 - $215,349
    Income Estimation: 
    $175,869 - $224,608
    Income Estimation: 
    $226,328 - $346,983
    Income Estimation: 
    $203,962 - $293,894
    View Core, Job Family, and Industry Job Skills and Competency Data for more than 15,000 Job Titles Skills Library

    Job openings at AXA XL Ltd

    AXA XL Ltd
    Hired Organization Address Windsor, CT Full Time
    Senior Business Analyst Hartford, CT | Stamford, CT | USA We invent the new to help the world move forward. Combining po...
    AXA XL Ltd
    Hired Organization Address Atlanta, GA Full Time
    Underwriting Assistant - General Property, Large Commercial Atlanta, GA I USA As Underwriting Assistant, you will suppor...
    AXA XL Ltd
    Hired Organization Address Atlanta, GA Full Time
    Underwriting, Strategy and Operations Expert Atlanta, GA I Chicago, IL I New York, NY I Scottsdale, AZ I USA As an Under...
    AXA XL Ltd
    Hired Organization Address GA Full Time
    Underwriting, Strategy and Operations Expert Atlanta, GA I Chicago, IL I New York, NY I Scottsdale, AZ I USA As an Under...

    Not the job you're looking for? Here are some other Senior Underwriter - Surety jobs in the Chicago, IL area that may be a better fit.

    Senior Underwriter - Commercial Surety (IL)

    Genesis Resources, Chicago, IL

    AI Assistant is available now!

    Feel free to start your new journey!