Demo

HQ Surety Analyst

Turner Construction
Saddle Brook, NJ Full Time
POSTED ON 1/4/2025
AVAILABLE BEFORE 3/4/2025
Division: Turner Surety & Insurance Brokerage
Project Location(s): Saddle Brook, NJ 07663 USA
Minimum Years Experience: 5
Travel Involved: 0-10%
Job Type: Regular
Job Classification: Entry
Education:Bachelors Degree
Job Family:Insurance and Claims
Compensation:Salaried Exempt

Position Description: The Surety Analyst in the TSIB brokerage is the primary point of contact for Clients and the Surety companies, and independently analyzes all client bond requests, issues bonds on behalf of the Surety companies, resolves contractual and bond issues, and monitors and maintains each Client's on-going bonding capacity. The Surety Analyst may supervise others, such as an Administrative Assistant. The position has binding authority within the limits granted to TSIB by the Surety companies and functions autonomously within those limits. When bond requests are above TSIB's limits, the Surety Analyst negotiates with the Surety companies for higher limits and is authorized to bind those limits as needed.

Reports to:

Essential Duties & Responsibilities*:

  • Underwrites all bond requests by independently analyzing contract documentation from clients; gathers additional data as needed, corresponds directly with clients and Sureties throughout underwriting process;
  • Recommends and implements changes or corrections to contract language as needed in order to qualify and issue bond(s);
  • Uses discretion to determine appropriate bond types and limits for projects;
  • Within TSIB's binding authority, prepares bond premium quotations and independently issues all required bond forms, including Pre-qualification letters, broker letters, bid bonds, retention bonds, P&P bonds, site bonds, L&P/misc bonds; Consents, new and modified riders
  • Negotiates with the Surety companies for bond terms and conditions when bond requests exceed TSIB's binding authority;
  • Provides technical guidance to clients on bonding capacity, bonding requirements, and bonding needs as respects the client's business activities and/or proposed projects; serves as Subject Matter Expert to clients on evolving bond regulations and legal requirements;
  • Works in multiple RMIS systems, including SurePath; Sagitta, Image Right, and client proprietary systems

 

Qualifications: Bachelor's degree in Insurance, Risk Management, Finance, Business Administration or similar program, or a minimum of five years surety experience, or an equivalent combination of education, training and/or experience. Broker's license required. AFSB desired. Proven written and verbal communication abilities; proficiency with computer applications, including Microsoft Office suite and RMIS systems. Demonstrated ability to read, understand and interpret complex contract and insurance documents and forms, and make appropriate recommendations. Demonstrated strong interpersonal skills with the ability to work with individuals at all levels, both internal and external. Creative problem-solving skills and ability to leverage systems to improve workflow in response to regulatory changes. Ability to travel.

Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to sit; use hands to finger, handle, or feel; and reach with hands and arms. The employee is occasionally required to stand and walk. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception, and ability to adjust focus.

Work Environment: On a regular basis this job is performed in an office environment with usual office working conditions, free of disagreeable elements. On an occasional basis, the employee may travel to and work at a job site location or client office location and be located in a trailer or other temporary structure. The noise in this work environment may be moderately loud.

*May perform other duties as assigned.

Turner Surety and Insurance Brokerage, inc.  is an Equal Opportunity Employer - race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or other characteristics protected by applicable law.     

Turner Surety and Insurance Brokerage, inc. is an Equal Opportunity Employer - race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or other characteristics protected by applicable law.

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