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

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