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Surety Analyst Jobs in Indiana (NOW HIRING)

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Surety Analyst information

What is a surety analyst?

A Surety Analyst is a professional who evaluates and analyzes the financial stability and risk profiles of individuals or companies seeking surety bonds. Surety bonds are financial guarantees that ensure the completion of contractual obligations, often required in construction, government contracts, and other industries. The analyst reviews credit histories, financial statements, and project details to determine whether a bond should be issued and under what terms. Their work helps protect insurers from losses and ensures clients meet their obligations. Surety Analysts play a critical role in risk management for surety companies and their clients.

What are the key skills and qualifications needed to thrive as a surety analyst?

To thrive as a Surety Analyst, you need strong analytical skills, a solid understanding of financial statements, and a relevant degree in finance, accounting, or a related field. Familiarity with risk assessment tools, underwriting software, and proficiency in Microsoft Excel are typically required. Attention to detail, effective communication, and problem-solving abilities are standout soft skills in this role. These competencies are crucial for accurately assessing risk, ensuring sound underwriting decisions, and maintaining strong client relationships in the surety industry.

What are some common challenges faced by surety analysts in managing multiple bond requests simultaneously?

Surety Analysts often handle numerous bond requests from various clients at the same time, each with distinct requirements and deadlines. Balancing these tasks requires strong organizational skills and the ability to prioritize based on risk assessment and urgency. Analysts must also coordinate closely with underwriters, agents, and legal teams to gather necessary documentation and ensure compliance with underwriting guidelines. Staying updated on regulatory changes and effectively communicating with stakeholders are key to managing this fast-paced workload successfully.

What is the difference between Surety Analyst vs Underwriting Assistant?

AspectSurety AnalystUnderwriting Assistant
CredentialsTypically requires insurance or finance certifications, such as CPCU or ARMOften requires basic insurance knowledge, sometimes a degree in finance or business
Work EnvironmentOffice setting, analyzing bond applications and risk assessmentsOffice setting, supporting underwriters with administrative and data entry tasks
Industry UsageCommon in insurance, surety bonds, and financial servicesUsed across insurance and underwriting departments

The Surety Analyst focuses on evaluating bond risks and analyzing financial data, often requiring specialized certifications. In contrast, the Underwriting Assistant provides administrative support to underwriters, handling documentation and data entry. Both roles are essential in the insurance industry but differ in responsibilities and required credentials.

What are popular job titles related to Surety Analyst jobs in Indiana?

For Surety Analyst jobs in Indiana, the most frequently searched job titles are:

What job categories do people searching Surety Analyst jobs in Indiana look for?

The top searched job categories for Surety Analyst jobs in Indiana are:

What cities in Indiana are hiring for Surety Analyst jobs?

Cities in Indiana with the most Surety Analyst job openings:

Surety Analyst jobs near you
Infographic showing various Surety Analyst job openings in Indiana as of August 2026, with employment types broken down into 1% Internship, 84% Full Time, 8% Part Time, 1% Temporary, and 6% Contract. Highlights an 81% Physical, 7% Hybrid, and 12% Remote job distribution.

Commercial Surety - Underwriting Specialist Surety (Remote/Hybrid)

Indianapolis, IN • On-site, Remote

thg
See more jobs at thgexternal

Full-time

Re-posted 2 days ago

Job description

Our Commercial Surety team is seeking an Underwriting Specialist to join our Central Region. This role is based in the Midwest, with a preference for candidates located in Illinois, Wisconsin, Indiana, or Michigan. We offer flexible work arrangements, including hybrid and fully remote options within those states, along with travel throughout the Midwest to support agency relationships, drive market development, and participate in key business meetings.

At The Hanover, our culture is grounded in our CARE Values—we care deeply about our people, our customers, and the communities we serve. We foster an inclusive, collaborative environment where experienced professionals are empowered to make decisions, share ideas, and grow their careers while contributing to shared business goals.

We are proud to be a diverse and inclusive organization committed to attracting, developing, and retaining top talent. We believe diverse perspectives strengthen our teams, enhance performance, and deepen the meaningful relationships we build with our colleagues, customers, and business partners every day.

We encourage all qualified applicants to apply.

THIS IS A FULL-TIME, EXEMPT ROLE.

POSITION OVERVIEW:

The Commercial Surety Department is seeking an experienced Underwriting Specialist to join the Central Region team. This role is responsible for the profitable underwriting growth,  and management of a commercial surety portfolio through strong technical expertise, agency relationships, and strategic business development.

IN THIS ROLE, YOU WILL:

  • Independently manage and grow an assigned book of commercial surety business with moderate to high technical complexity.
  • Identify, solicit, underwrite, and retain profitable new and renewal surety accounts aligned with underwriting appetite and portfolio objectives.
  • Develop and maintain strong agency, broker, and client relationships to support business growth and retention.
  • Analyze financial statements, operational exposures, bond obligations, and risk mitigation factors to make sound underwriting decisions.
  • Coordinate with internal and external stakeholders to evaluate complex submissions and obtain appropriate approvals.
  • Apply underwriting principles related to risk selection, exposure analysis, bond form review, loss analysis, and pricing.
  • Clearly communicate underwriting decisions, terms, and recommendations to agents and brokers.
  • Manage portfolio performance against premium, profitability, retention, product mix, and new business objectives.
  • Utilize marketplace and competitor intelligence to enhance decision-making and strengthen producer relationships.
  • Proactively market Hanover’s surety capabilities and identify opportunities for cross-selling across business units.
  • Stay current on industry trends, market conditions, and regulatory developments affecting the territory.

WHAT YOU NEED TO APPLY:

  • Bachelor’s degree or equivalent professional experience.
  • AFSB designation preferred
  • 2-5+ years of Commercial Surety underwriting experience.
  • 2–4+ years of successful agency relationship management and business development experience.
  • Strong understanding of commercial surety underwriting principles, financial analysis, pricing, and portfolio management.
  • Demonstrated ability to evaluate and negotiate complex surety risks.
  • Excellent written and verbal communication skills, including the ability to confidently deliver technical underwriting decisions.
  • Strong analytical, problem-solving, negotiation, and relationship-management capabilities.
  • Ability to adapt quickly to changing business conditions and embrace new approaches and ideas.

Apply