Demo

Underwriter Credit & Surety

Swiss Re
Chicago, IL Full Time
POSTED ON 3/6/2025
AVAILABLE BEFORE 6/6/2025

About The Role :

Underwrite and manage an assigned territory within the Continental U.S. Overall responsibilities include approving all commercial and commercial contract surety bonds within your authority, managing agency relationships and appointments, marketing for new business, budgeting and strategic planning for the territory / region, receivable collections and, through the use of financial and qualitative analysis, achieve minimum loss ratio and maximum profitability for the Division.

Essential Responsibilities -

  • Ensure profitable underwriting decisions through appropriate financial analysis to determine the feasibility of providing surety credit.
  • Perform analysis on annual and internal financial statements and review other relevant credit information for new and existing accounts.
  • Analyze new account submissions for all commercial agents in the assigned territory.
  • Maintain current underwriting files in accordance with the Swiss Re Surety Group Procedure Manual for Commercial Surety.
  • Enhance existing agency relationships, identify and secure new agency relationships and terminate agent relationships that do not meet company revenue and profit objectives. Schedule regular meetings with established agents.
  • Establish revenue goals and monitor losses for assigned region.
  • Maintain a strong working relationship with the Claims Division and review all losses with Claims.
  • Assist the Regional Manager in developing one to three year territory strategic plan.
  • Assist the SVP - Commercial Surety with internal audits on a monthly basis or as necessary.
  • Plan and manage regular meetings with agents, attend group functions, large account meetings and Swiss Re Corporate Solutions Surety Group regional meetings as required.
  • Manage any special projects as delegated by the SVP- Commercial.

About You :

  • Bachelor's Degree with emphasis in business, preferably finance or accounting, or, the following years of relevant experience in commercial surety underwriting
  • 7-10 years to be considered for Senior Underwriter level (VP Level)

  • 3-6 years to be considered for Underwriter level (AVP Level)
  • Strong marketing and interpersonal skills
  • Strong competency in quantitative and financial analysis
  • Effective written and verbal communication skills
  • Competent computer skills including knowledge of Excel and Word
  • Ability to travel up to 35%
  • This role can be either at the AVP or VP level, based on candidate's experience.
  • This role can be located out of various offices - Chicago, Columbus, Kansas City, St. Louis, etc.
  • Our company has a hybrid work model where the expectation is that you will be in the office three days per week.

    About Swiss Re Corporate Solutions

    Swiss Re is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer. We anticipate and manage risks, from natural catastrophes and climate change to cybercrime.

    Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group. We offer innovative insurance solutions to large and midsized multinational corporations from our approximately 50 locations worldwide. We help clients mitigate their risk exposure, whilst our industry-leading claims service provides them with additional peace of mind.

    Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. Swiss Re Corporate Solutions embraces a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and / or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.

    If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.

    Swiss Re is an equal opportunity employer. It is our practice to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law. Decisions on employment are solely based on an individual's qualifications for the position being filled.

    During the recruitment process, reasonable accommodations for disabilities are available upon request. If contacted for an interview, please inform the Recruiter / HR Professional of the accommodation needed.

    Keywords : Surety, Credit, Underwriter

    Reference Code : 132278

    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 Underwriter Credit & Surety?

    Sign up to receive alerts about other jobs on the Underwriter Credit & Surety career path by checking the boxes next to the positions that interest you.
    Income Estimation: 
    $59,108 - $75,190
    Income Estimation: 
    $64,132 - $77,443
    Income Estimation: 
    $67,582 - $88,476
    Income Estimation: 
    $69,196 - $90,129
    Income Estimation: 
    $69,261 - $91,404
    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: 
    $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: 
    $102,768 - $148,010
    Income Estimation: 
    $125,552 - $162,907
    Income Estimation: 
    $132,934 - $172,880
    Income Estimation: 
    $133,026 - $172,136
    Income Estimation: 
    $127,593 - $180,574
    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
    View Core, Job Family, and Industry Job Skills and Competency Data for more than 15,000 Job Titles Skills Library

    Job openings at Swiss Re

    Swiss Re
    Hired Organization Address New York, NY Full Time
    Are you passionate about Insurance Linked Securities (ILS)? Do you bring a confirmed results-oriented & can-do demeanor?...
    Swiss Re
    Hired Organization Address Chicago, IL Full Time
    Imagine spending your workday collaborating with Swiss Re employees around the globe to deliver for our large corporate ...
    Swiss Re
    Hired Organization Address Fort Wayne, IN Full Time
    About the Role We are looking for an individual with proven behavioral economics (BE) experience in the corporate or pub...
    Swiss Re
    Hired Organization Address Kansas, MO Full Time
    We have an opportunity for a Senior Key Case Expert who will drive the successful resolution of Swiss Re's largest and m...

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

    Senior Surety Underwriter

    Liberty Mutual Group, Hoffman, IL

    Senior Underwriter - Surety

    AXA XL Ltd, Chicago, IL

    AI Assistant is available now!

    Feel free to start your new journey!