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Bond Processor Jobs in Tennessee (NOW HIRING)

Contracts Manager

Chattanooga, TN · On-site

$82K - $109K/yr

Support CROM's Bidding & Project Teams with questions pertaining to insurance and bond requirements ... Must have a working knowledge of Microsoft Office applications including word processing ...

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Bond Processor information

What is a bond processor?

Bond Processors are professionals who handle the documentation, verification, and processing of surety bonds, fidelity bonds, or other financial instruments used as guarantees in various industries. Their responsibilities typically include reviewing bond applications, ensuring compliance with legal and regulatory requirements, coordinating with underwriters and clients, and maintaining accurate records. Bond Processors play a crucial role in mitigating financial risk for companies and facilitating smooth transactions involving bonds.

What skills and qualifications are needed to be a bond processor?

To thrive as a Bond Processor, you need strong attention to detail, financial knowledge, and experience with document management, typically supported by a high school diploma or relevant finance coursework. Familiarity with bond processing software, financial databases, and compliance tracking systems is commonly required. Excellent organizational skills, accuracy, and effective communication help you stand out in this role. These skills ensure the accurate and timely processing of bond transactions, minimize errors, and support regulatory compliance in financial operations.

What are common challenges faced by bond processors and how can they be addressed?

Bond Processors often face challenges such as managing tight deadlines, ensuring the accuracy of financial documents, and staying updated with regulatory changes. Dealing with a high volume of paperwork can be demanding, so strong organizational skills and attention to detail are essential. Effective communication with underwriters, clients, and other team members also helps resolve discrepancies quickly. To overcome these challenges, Bond Processors should utilize document management systems, participate in ongoing training, and cultivate strong time-management habits.

What is the difference between Bond Processor vs Bond Clerk?

AspectBond ProcessorBond Clerk
CertificationsTypically requires a background in finance or securities processing, with some roles needing specific licensing or certificationsUsually requires basic administrative or clerical certifications, with familiarity in finance preferred
Work EnvironmentFinancial institutions, securities firms, or brokerage housesBank branches, financial offices, or administrative departments
Job ResponsibilitiesProcessing bond transactions, verifying bond details, ensuring compliance with regulationsHandling bond documentation, data entry, and supporting bond transaction processes

The main difference between a Bond Processor and a Bond Clerk lies in their responsibilities and required credentials. Bond Processors focus on transaction verification and compliance, often requiring specialized financial knowledge, while Bond Clerks handle administrative tasks related to bonds. Both roles are essential in financial institutions but serve different functions within the bond processing workflow.

What are popular job titles related to Bond Processor jobs in Tennessee?

For Bond Processor jobs in Tennessee, the most frequently searched job titles are:

What job categories do people searching Bond Processor jobs in Tennessee look for?

The top searched job categories for Bond Processor jobs in Tennessee are:

What cities in Tennessee are hiring for Bond Processor jobs?

Cities in Tennessee with the most Bond Processor job openings:

Contracts Manager

The Crom Corporation

Chattanooga, TN • On-site

$82K - $109K/yr

Full-time

Re-posted 15 days ago


Job description

Job Purpose

The Contracts Manager will ensure compliance with government regulations, statutes, and conformance with CROM’s policies and practices. This role will support multiple projects of various sizes, and complexity. It is expected that the successful candidate will have extensive knowledge of key components found in both standard and non-standard construction and subcontracts contracts as well as experience in reviewing other related contract documents, such as non-disclosure agreements (NDAs), subcontracts, purchase orders, teaming agreements, joint venture agreements, rental agreements, bids, etc. This position also assists in proposal support, negotiation, and management and execution of contracts and subcontracts in conjunction with Risk, Legal, Sales, and Operations.

The ideal candidate possesses deep experience with construction contracts and understands how to strategically allocate risk across key provisions, including indemnity, insurance, limitation of liability, liquidated damages, force majeure, warranty, and payment terms, etc.

Essential Duties Responsibilities

  • This position will support the Risk and Legal Teams with preparation, negotiation, and execution of a variety of commercial contracts across CROM’s lines of business, and in conformance with CROM’s policies and practices.
  • Support CROM’s Bidding & Project Teams with questions pertaining to insurance and bond requirements, subcontracts, purchase orders, vendor agreements, etc.
  • Coordinate with the Risk and Legal Team and advise the Project Management Team on contractual risk and provide recommendations to mitigate those risks.
  • Assist in developing contract risk summaries.
  • Participate in risk reviews and functional management team reviews.
  • Support negotiations with general contractors, subcontractors, vendors, and clients on key commercial and legal terms to reduce risk exposure.
  • Serve as a primary point of escalation for complex contractual issues, dispute avoidance, and risk interpretation.
  • Prepare draft contract and bid risk reviews with corresponding edits to circulate to internal project teams
  • Prepare drafts of RFIs for bidding team
  • Evaluate MVRs and driving privilege recommendations for new hires or other internal CROM employees
  • Provide pre-claim and claim support, including worker’s compensation, car accidents, etc… and resources to Legal/Risk and project teams to prepare and negotiate claims as required.

Minimum Qualifications

  • Four-year degree in legal studies, business administration, engineering, construction management, or related field or equivalent combination of experience, skills, and training. Master’s Degree in Contract Administration, Risk Management, or other related field preferred.
  • Minimum 3 years' experience working in-house for a professional services company, preferably in engineering or construction.
  • Minimum 3 years' contract management and procurement experience on construction projects, including water infrastructure projects.
  • Proven experience negotiating and creating contracts.
  • Possess knowledge of subcontracting, supplier agreements, insurance and bond requirements, term resolution negotiations with subcontractors and suppliers, as well as supplying prime contracting support.
  • Ability to prioritize and work under tight timelines to meet deadlines and to shift work activities to meet immediate response needs.
  • Ability to work in a fast-paced environment
  • Must be detail oriented and have strong intrapersonal & customer service skills.
  • Proactive and work well independently.
  • Ability to manage time sensitive matters, multitask and manage competing priorities.
  • Possess excellent writing/grammar/spelling skills.
  • Must have a working knowledge of Microsoft Office applications including word processing, spreadsheets, and PowerPoint, as well as an aptitude for learning new database software. Advanced MS Word skills are a must.

Preferred Qualifications

  • Experience in execution of construction contracts, compliance with terms, including insurance compliance.
  • Experience working for a national construction company or closely related industry preferred.

Working Conditions

  • Office and computer-based work.
  • Professional office environment.
  • Standard schedule of 8:00am to 5:00pm, Monday through Friday.
  • Occasional deadline-driven work requiring flexibility


EEO Statement: CROM, LLC is an equal employment opportunity employer who may provide reasonable accommodation to enable individuals with disabilities to perform the essential functions of the job. EEO/VETS/DISABILITY