DescriptionOld Republic Surety Company (ORSC) is currently seeking an Assistant Bond Manager to join Underwriting Team at its Chicago, IL Branch. In general, the Assistant Bond Manager assists in producing an underwriting profit and protecting against losses by proper risk selection and underwriting contract surety bonds. This position also supervises, coaches and mentors other staff members as assigned. DUTIES AND RESPONSIBILITIES:
- Supervise direct reports, make recommendations for performance management and disciplinary action. Train subordinates to achieve goals. In addition, contribute to the new employee selection process.
- Assist in the overall management of the book of business of the Branch.
- Contribute to company profitability and minimize losses by proper acceptance or rejection of all types of bonds, including contract.
- Develop and maintain good agency relations even when rejecting business by tactful handling of the situation. Keep current with market trends to remain competitive.
- Assure quality service by effectively underwriting a large volume of submissions within time constraints presented.
- Participate in regular travel of the assigned territory by use of motor vehicle (personal, rental and/or company provided), public transportation and/or airplane. Travel is including, but not limited to, attending agency visits to maintain current business and/or obtain additional business, participating in industry specific events, and meeting with prospective business partners.
- Implement underwriting changes when directed by management or Home Office underwriters to assure profitability of various classes of business.
- Develop and maintain the agency database utilizing Customer Relationship Management (CRM) software to assist in the marketing growth objectives of the respective branch and/or home office. Train staff on utilization of the software.
- Other duties as assigned.
QUALIFICATIONS: This position requires a Bachelors degree, and a minimum of five years of progressively successful managerial experience in underwriting, production, and marketing within the fidelity and surety industry. Working as an Assistant Bond Manager requires one to work independently and effectively within a fast-paced environment. Proficiency with Microsoft (MS) Windows and Office products is necessary. Other skills necessary include excellent oral and written communication skills, strong organizational and accurate proofreading skills, the ability to maintain accurate records, the ability to exercise discretion with confidential information, strong attention to detail, and the ability to use a variety of office equipment. TRAVEL: This position requires regular travel by use of motor vehicle, public transportation, and/or airplane. This position requires one to continuously have a valid driver's license and a motor vehicle operator's record that is considered satisfactory as defined by company and/or corporate procedures. PHYSICAL AND ENVIRONMENTAL DEMANDS:This position requires one to sit for extended periods of time and stand and/or walk occasionally. The position requires one to occasionally push, pull, carry, and/or lift up to 10 pounds. No personal protective equipment is required. Ergonomic equipment is available to employees.WHO ARE WE? Old Republic Surety Company underwrites contract, fidelity, and commercial bonds, serviced through a network of more than 4,500 independent insurance agencies. Solutions provided include bid bonds, performance and payment bonds, and maintenance bonds for large, middle market and smaller growing contractors. ORSC consistently offers superior service and creative underwriting options in all 50 states. ORSC partners with hard-working contractors and agents, supporting them with innovative and sometimes out-of-the-ordinary surety solutions. These long-term relationships endure because ORSC is a reliable surety advisor. It is committed to helping contractors achieve their goals by sharing expertise to analyze risk and recommend solutions that benefit all parties. WHY OLD REPUBLIC SURETY COMPANY? Old Republic Surety Company offers numerous opportunities for our employees to grow and prosper. We have a culture of growth from within and we support our employees' pursuits in advancing their careers. We offer this in an open-door, collaborative workplace that encourages and rewards both teamwork and individual contributions. We want bright, passionate individuals who share our values and quest for success. To learn more about our company culture and our outstanding benefits, please visit our website and watch this video. COMPANY BENEFITS Financial:
- Competitive salary
- Lucrative annual bonus based upon performance
- 401k Savings & Profit-Sharing Plan, including company match contribution
- Roth investment options
- 529 Education Savings Plan
- Employee Referral Bonus Program
Health:
- Health Insurance
- Dental Insurance
- Flexible Spending & Health Savings Account options
- Life Insurance
- Vision Insurance
- Supplement Life Insurance
- Long-Term Disability Insurance
- Paid Leave of Absence Benefits
- Accident & Critical Illness Insurance
- Pet Insurance
Work-Life Balance:
- 38.75 hour standard work week
- Hybrid work opportunities available upon completion of training
- Casual business attire
- Generous paid time-off (PTO)
- Paid holidays
- Volunteer opportunities
- Company-sponsored events and outings
Interested? Click 'apply' and follow some very simple steps to get your resume in front of the Talent Acquisition Team. #LI-EA1 Old Republic Surety Company is an Equal Opportunity Employer and is committed to maintaining a diverse workplace.