Under general direction, reviews contract bond applications to evaluate, classify, and rate each risk to determine acceptability, coverage, and pricing. Establishes, maintains and develops agency and/or broker relationships. Has defined underwriting authority and business development responsibility.
Key Responsibilities:
Relying on limited experience and knowledge, the Contract Bond Underwriter is responsible for accomplishing the following assignments. These assignments are varied in nature.
• Review contract bond applications, bond forms, and contracts to evaluate, classify, and rate each risk to determine acceptability and rating.
• Perform analysis of applicant's financial statements and accompanying schedules, review their credit history, reference their credit and performance, and related due diligence.
• Review bond execution reports and Financial Adjustment Notices (FAN). Draft and issue surety bonds according to established guidelines.
• Approve within given authority or recommend approval or denial of bonds to higher authority within field or home office.
• Resolve legal, accounting and collateral issues related to bond submissions with internal clients.
• Cultivate relationships with internal and external contacts to facilitate the underwriting process, promote business development, and to remain abreast of industry trends
Education
• Bachelor's degree in Business Administration, Accounting or Finance or a related field or the equivalent education and/or experience
Experience
• Minimum of two years of relevant and progressive surety bond underwriting experience that includes a strong working knowledge of state laws and operating procedures.
Other
• Possess and have ability to apply knowledge of principles, practices, and procedures
• Solid written and verbal communication skills with an emphasis on confidentiality, tact, and diplomacy
• Advanced organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously
• Knowledgeable of industry changes, legal updates and technical developments related to applicable area of the Company’s business to proactively respond to changing business environment
• Intermediate proficiency and experience using Microsoft Office Package (Excel, Access, PowerPoint, Word)
No visa sponsorship (H1-B, etc.) available at this time, sorry.
Who Are We?
Coyote Technical is a full-service staffing and recruiting firm that provides services in temporary, contract and permanent placements. Coyote Technical can provide you with superior employment services, focusing on sourcing quality candidates with the exact education and experience you need. Phil Montoya, Director of Sourcing, has years of recruiting experience in diverse industries. His status as Top Recruiter with most successful placement is testimony to his relentless pursuit of the perfect candidate. Phil holds a BS in Mechanical Engineering and worked for years in the Automotive and Aerospace Industries. Coyote Technical’s recruiting Team is equally committed to finding the talent you seek. Our years of experience enables us to intimately understand your industry, thereby we will provide you with quality and effective employment services.
Why Choose Us?
Coyote Technical aims to fill every position you list by matching the ideal candidate with the ideal position. Coyote technical has an ever-expanding internal database of more than 20,000 candidates with the skills and qualifications to match any of your hiring needs. It is our mission to ensure that every candidate be placed in a position in which they will thrive professionally.
Our fees are contingent upon finding you the perfect candidate, which means you will not pay a fee unless we are successful. In fact, we will extend a thirty (30) day guarantee. Should the candidate leave or be terminated for cause within the first thirty (30) days from the starting date the candidate will be replaced. What does this mean for you? Peace of mind in knowing that you will have an employee with the competence and enthusiasm you desire!