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Surety Analyst Jobs in Ohio (NOW HIRING)

- Reporting to the Surety Division President, this position will serve to establish the Surety Claims ... Ability to simplify, analyze and explain complex issues. * Ability to be able to review processes ...

Reporting to the Surety Division President, this position will serve to establish the Surety Claims ... Ability to simplify, analyze and explain complex issues. * Ability to be able to review processes ...

Conduct regular exposure analysis and risk reviews with clients and prospects. * Lead the complete ... AFSB Surety designation * Background in contract review and analysis of contract specifications to ...

Conduct regular exposure analysis and risk reviews with clients and prospects. * Lead the complete ... AFSB Surety designation * Background in contract review and analysis of contract specifications to ...

Conduct regular exposure analysis and risk reviews with clients and prospects. * Lead the complete ... AFSB Surety designation * Background in contract review and analysis of contract specifications to ...

Conduct regular exposure analysis and risk reviews with clients and prospects. * Lead the complete ... AFSB Surety designation * Background in contract review and analysis of contract specifications to ...

Conduct regular exposure analysis and risk reviews with clients and prospects. Lead the complete ... AFSB Surety designation Background in contract review and analysis of contract specifications to ...

Conduct regular exposure analysis and risk reviews with clients and prospects. * Lead the complete ... AFSB Surety designation * Background in contract review and analysis of contract specifications to ...

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Surety Analyst information

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 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 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 cities in Ohio are hiring for Surety Analyst jobs? Cities in Ohio with the most Surety Analyst job openings:

$140 - $190/hr

Other

Medical, Dental, Vision, Life, Retirement

Posted 4 days ago


Job description

## AVP Surety ClaimsApplylocations: Cincinnati, OHtime type: Full timeposted on: Posted Todayjob requisition id: JR101476-Reporting to the Surety Division President, this position will serve to establish the Surety Claims department and provide oversight, management, and handling of all Surety Claims.**Key Accountabilities/Deliverables:*** Ensure compliance with established claim handling principles regarding coverage, investigation, liability, damages, evaluation, resolution, and recovery.* Establish reserves pursuant to established reserving protocols and reserve authority procedures.* Achieve established subrogation/recovery goals.* Responsible for coaching, developing, and motivating direct reports. Responsibilities include but are not limited to: recruitment and selection; employee appraisals and proactively addressing employee grievance and performance issues. It is important that these duties are carried out in accordance with Company policies and practices and in conjunction with HR.* Act as claims contact for reinsurance placements.* Adhere to companyโ€™s Panel Counsel Program and Litigation Guidelines* Engage in rigorous ALAE control and management, by competently selecting, instructing and managing outside counsel, consultants, and 3rd party vendors, as appropriate.* Provide claims underwriting support to underwriters as requested.* Attend mediation, settlement conferences, and trials when required.* Comply with Team and Individual Service Levels and Key Performance Indicator (โ€œKPIโ€) metrics set by Division President.* Undertake general office administrative duties as and when required.* Proactively expand and maintain awareness of market, industry.* In addition to the above key responsibilities, you may be required to undertake other duties from time to time as the Company may reasonably require.**Technical Knowledge and Understanding:*** Possess a comprehensive understanding and knowledge of all aspects of the surety industry.* Possess a comprehensive understanding and knowledge of state and federal laws (including legislation) applicable to Surety claims.* Possess an in-depth understanding of all forms of bond language/coverage applicable to the surety lines of business.* Computer skills โ€“ good working knowledge of MS Office, Excel* Previously utilized an electronic claim system.**Experience:*** College degree required.* J.D. preferred.* A minimum of 10 yearsโ€™ experience in the legal or surety profession dealing specifically with surety claims handling and litigation and their management and reporting requirements, and including all aspects of recovery from indemnitors, obligees, and third parties.* Ability to Travel.* Ability to negotiate and be persuasive.* Possess strong communication and leadership skills.* Ability to simplify, analyze and explain complex issues.* Ability to be able to review processes and determine opportunities for improvement.* Ability to work at both an overview and detailed level.* The ability to manage time, manage projects, and meet deadlines.Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over work authorization sponsorship now or in the future for this position. #LI-hybrid-At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program #J-18808-Ljbffr