Senior Executive Surety

• 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.
• Visit bond accounts as requested by stakeholders and NHOD.
• Provide quarterly marketing updates and other reports as requested by various stakeholders
• Maintain a strong knowledge of construction industry trends, market conditions, and current challenges and opportunities
• Develop broker relationships and marketing strategies to further new business opportunities.
• Develop Partnerships with Banks to sell Surety Bonds in partnership: Approach BAGIC Bank partners and to form partnership with them.
• Manage a diverse portfolio of existing contract surety accounts
• 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 innovation
• Addressing governance and regulatory compliance issues.
• Developing, administering, and monitoring complex underwriting rules and guidelines
• Developing, underwriting, and managing a portfolio of Surety business by managing the selection/denial of new and/or renewal business

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