Great American Insurance Group · 5 months ago
Contract Surety Bonds Senior Underwriter - Chicago
Schaumburg, IL (USA)
Full-time, Contract
Hybrid
Senior Level
$100K/yr - $150K/yr
5+ years expGreat American Insurance Group is a leader in the insurance industry, known for expert underwriting and market leadership. They are seeking a Contract Surety Senior Underwriter to evaluate and underwrite new and renewal business, ensuring compliance with underwriting guidelines and developing business relationships to drive market growth.
FinanceFinancial ServicesInsurance
Responsibilities
Evaluates and underwrites new and renewal business in accordance with Company underwriting guidelines and risk appetite
Reviews and evaluates complex financial statements, credit reports, and business operations of applicants
Determines coverage and sets terms, conditions, and pricing by evaluating the applicant’s financial capacity, past performance, and risk factors
Collaborates with actuaries, agents, brokers, and clients to obtain necessary information and clarify details
Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations
Evaluates existing policies for potential renewal or modification
Communicates underwriting decisions clearly and effectively to internal teams, agents, and brokers
Stays updated on industry trends, regulatory changes, and market conditions
Develops and maintains effective business relationships with internal and external customers/coworkers, focusing on generating new business and retaining profitable business
Interprets, explains, and promotes products and services to drive market growth
Performs other duties as assigned
Qualification
Required
Bachelor's Degree in Finance, Accounting, Business, or a related field or equivalent experience
Generally, 5 or more years of Contract Surety underwriting experience
Performs work under general supervision and technical direction
Familiar with moderately complex concepts, practices and procedures
Works with authority on assignments of moderate technical complexity
Strong analytical skills and attention to detail
Strong understanding of financial statement analysis and risk management
Excellent communication and interpersonal skills
Strong negotiation and decision-making ability
Position requires occasional travel
Preferred
Continuing progress toward and/or the completion of a professional designation preferred, such as Associate in Fidelity and Surety Bonding (AFSB), Chartered Property Casualty Underwriter (CPCU), Certified Public Accountant (CPA), and/or Registered Professional Liability Underwriter (RPLU)
Benefits
Medical, dental, and vision plans starting on day one
PTO
Paid holidays
Commuter benefits
An employee stock purchase plan
Education reimbursement
Paid parental leave/adoption assistance
A 401(k) plan with company match
Company
Great American Insurance Group
Great American Insurance Group is an insurance company that specializes in in property and casualty insurance. It is a sub-organization of American Financial Group.
5001-10000 employees
H1B Sponsorship
Great American Insurance Group has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (2)
Funding
Current Stage
Late StageTotal Funding
unknown2021-01-27Acquired
Leadership Team
Annette Gardner
Senior Vice President, Chief Financial Officer and Treasurer
M
Miguel Angel Maldonado
CFO Mexico - Automobile and Specialty Divisions
Recent News
2026-01-12
Essential Business
2025-12-18
Company data provided by crunchbase