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Surety Analyst Jobs in Seattle, WA (NOW HIRING)

Archgroup

AVP, Contract Surety

Home, WA · Remote

Gather and analyze information, applying appropriate underwriting techniques, necessary to make an ... Associate in Fidelity and Surety Bonding (AFSB) designation preferred. #LI-Remote #LI-JD1 Arch is ...

Archgroup

AVP, Contract Surety

Home, WA · Remote

Gather and analyze information, applying appropriate underwriting techniques, necessary to make an ... Associate in Fidelity and Surety Bonding (AFSB) designation preferred. #LI-Remote #LI-JD1 Arch is ...

HUB

Account Manager, Surety

Bothell, WA · On-site

$34/hr

Submit requests to surety company, producebondin final form along with bid transmittal letter for ... Strong reading comprehension and analysis skills * Strong data entry skills * Strong written and ...

CNA

Underwriting Consultant (Surety)

Seattle, WA · On-site

$72K - $141K/yr

Individual contributor responsible for the overall management, business development, analysis and monitoring of a highly complex book of business of Surety accounts. Recognized as a technical expert ...

Cna

Underwriting Consultant (Surety)

Seattle, WA · Hybrid

$72K - $141K/yr

Individual contributor responsible for the overall management, business development, analysis and monitoring of a highly complex book of business of Surety accounts. Recognized as a technical expert ...

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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 Seattle, WA?

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

What job categories do people searching Surety Analyst jobs in Seattle, WA look for?

The top searched job categories for Surety Analyst jobs in Seattle, WA are:

What cities near Seattle, WA are hiring for Surety Analyst jobs?

Cities near Seattle, WA with the most Surety Analyst job openings:

Surety Analyst jobs near you

Surety Underwriter Trainee

Seattle, WA • On-site

United Fire & Casualty Company
Insurance Services • 501 - 1,000 employees
Learn more about United Fire & Casualty Companyexternal

$60K - $75K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 11 days ago

Job description

UFG is currently seeking a Surety Underwriter Trainee to join our growing Surety Department. You will be provided on the job training that will teach you how to perform analysis of financial statements, review contractor applications, analyze credit reports and learn to use various sources to conduct research. The trainee program will guide you on how to make recommendations on existing and new business. It will teach you how to determine acceptability of submissions and work toward a profitable and controlled level of growth. This will be done by servicing the business as well as meeting or exceeding the department's annual goals and objectives. Through travel with experienced underwriters, you will learn how to conduct successful agency visits, mutually beneficial contractor visits and market UFG Surety products to new and existing agency partners.
Essential Duties & Responsibilities:
  • Successfully complete a comprehensive surety underwriting training program consisting of mentoring, self-study, and on-line learning.
  • Gain an understanding and develop analytical skills on how to investigate, analyze, and underwrite surety business profitably.
  • Underwrite new submissions and existing accounts with assistance from mentors. Evaluate and assess financial status, credit standing, and organization profile to analyze and determine acceptability of the risk within the framework of UFG underwriting policies and procedures.
  • Assist surety underwriters in processing their books of business.
  • Handle confidential information with discretion.
  • Provide high-quality customer service in all interactions with internal and external customers
  • Maintain electronic files per department guidelines.
  • Gain exposure and skills on various software platforms.

Qualifications:
Education:
  • Bachelor's degree, or combination of education or surety experience.
  • Bachelor's degree in business administration, economics, finance or accounting preferred.

Certifications/Designations:
  • Certified, or working towards, AFSB designation, preferred.
  • Employees are expected to participate in continuing education throughout their careers.

Experience:
  • 1+ years of professional work experience preferred.

Working Conditions:
  • General office environment.
  • Accompany surety representatives to visit agency force and contract accounts.
  • May be exposed to weather conditions, and/or results and debris of adverse weather conditions, during agency/contract visits.

Pay Transparency Statement:
UFG Insurance is committed to fair and equitable compensation practices. The base salary range for this position is $60,000 - $75,000 annually, which represents the typical range for new hires in this role. Individual pay within this range will be determined based on a variety of factors, including relevant experience, education, certifications, skills, internal equity, geography and market data.
In addition to base salary, UFG Insurance offers a comprehensive total rewards package that includes:
  • Annual incentive compensation
  • Medical, dental, vision & life insurance
  • Accident, critical Illness & short-term disability insurance
  • Retirement plans with employer contributions
  • Generous time-off program
  • Programs designed to support the employee well-being and financial security.

This pay range disclosure is provided in accordance with applicable state and local pay transparency laws.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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