Surety Bond Underwriter

1 month ago

Pune Maharashtra, India bajajallianz Full time

**PRINCIPAL ACCOUNTABILITIES**:

- Responsible for the review of new contract bonds for completion in accordance with Surety policies.
- Analyze new account submissions for assigned territories.
- Approve bonds within the limit of authority for this position.
- Oversee and manage the fiscal status of accounts.
- Perform analysis on annual accounting audits and internal financial statements. Review and be familiar with relevant credit information.
- Maintain current documentation and credit information files in accordance with the BAGIC Procedure Manual for Contract Surety.
- Maintain a strong knowledge of construction industry trends, market conditions, and current challenges and opportunities
- Develop Partnerships with Banks to sell Surety Bonds in partnership: Approach BAGIC Bank partners and to form partnership with them.
- Actively participate in underwriting and sales meetings and support management in the identification and launch of new programs and initiatives
- Analyze financial statements and secure appropriate underwriting information to evaluate credit risk and determine risk acceptability. Negotiate terms and conditions on complex bonds and accounts. Lead/participate in virtual and/or in-person meetings to facilitate the exchange of underwriting and project information.
- Actively participate in construction and surety industry functions, forums, and events.
- Assures development and implementation of policies, procedures, and standards to produce profitable underwriting results significantly contributing to process improvement and technology innovatio
- Developing, administering, and monitoring complex underwriting rules and guidelines

**SKILLS AND KNOWLEDGE**:

- 7-8 years of Experience
- Minimum of 2-3 years of Engineering or BG UW
- High level of integrity, confidentiality and accountability.
- Strong competency in quantitative and project analysis.
- Effective written and verbal communication skills.
- Strong marketing skills and ability to obtain new business and work with contractor clients.

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