Our Commercial Surety team is seeking an Underwriting Specialist to join our Central Region. This ... Analyze financial statements, operational exposures, bond obligations, and risk mitigation factors ...
Our Commercial Surety team is seeking an Underwriting Specialist to join our Central Region. This ... Analyze financial statements, operational exposures, bond obligations, and risk mitigation factors ...
Surety Underwriting Assistant
Indianapolis, IN · On-site
$18.75 - $25.50/hr
Data entry, forms completion, entering bonds into the internal system, typing up documents ... Seeking a Surety Underwriting Assistant with outstanding customer service skills to provide ...
Surety Underwriting Assistant
Indianapolis, IN · On-site
$18.75 - $25.50/hr
Data entry, forms completion, entering bonds into the internal system, typing up documents ... Seeking a Surety Underwriting Assistant with outstanding customer service skills to provide ...
Field Project Engineer (Construction)
Indianapolis, IN · On-site
$75K - $85K/yr
Requesting COIs and surety bonds for permits and business licenses * Arranging for construction testing and engineering services if necessary * Attend and preform site walks and site audits as needed
Field Project Engineer (Construction)
Indianapolis, IN · On-site
$75K - $85K/yr
Requesting COIs and surety bonds for permits and business licenses * Arranging for construction testing and engineering services if necessary * Attend and preform site walks and site audits as needed
Surety Bonds information
What are the key skills and qualifications needed to thrive in a surety bonds position, and why are they important?
To thrive in Surety Bonds, you need a solid understanding of underwriting principles, risk assessment, and contract law, often complemented by a degree in finance, business, or a related field. Familiarity with industry-specific software such as surety bond management systems, and professional certifications like the Associate in Fidelity and Surety Bonding (AFSB), are highly beneficial. Strong interpersonal skills, attention to detail, and effective negotiation abilities help professionals build client relationships and navigate complex requirements. These skills are vital for accurately assessing obligations, minimizing risk, and ensuring successful bond issuance and management.
What does a surety bonds job involve?
A Surety Bonds job typically involves underwriting, issuing, and managing surety bonds, which serve as financial guarantees that a contract or obligation will be fulfilled. Professionals in this field assess the financial health and risk of applicants, coordinate with insurance carriers, and ensure compliance with legal and industry standards. They may work for insurance companies, agencies, or bond providers, serving businesses, contractors, or individuals who require bonds for licensing, construction projects, or other obligations. Strong analytical skills, financial knowledge, and attention to detail are essential for success in this role.
What are some typical challenges encountered in a surety bonds role?
Professionals working in Surety Bonds frequently face the challenge of assessing diverse and sometimes complex applicant backgrounds to determine eligibility and risk levels. Navigating fluctuating market conditions and evolving regulatory requirements requires adaptability and up-to-date knowledge. Additionally, balancing the needs of clients, agents, and underwriters while ensuring contracts comply with all legal and financial guidelines is a core responsibility. Strong analytical and communication skills help overcome these challenges and foster positive client relationships.
What are popular job titles related to Surety Bonds jobs in Indiana? For Surety Bonds jobs in Indiana, the most frequently searched job titles are:
What job categories do people searching Surety Bonds jobs in Indiana look for? The top searched job categories for Surety Bonds jobs in Indiana are:
Commercial Surety - Underwriting Specialist Surety (Remote/Hybrid)
Indianapolis, IN • On-site, Remote
Other
Posted 25 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.