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Surety Manager Jobs in Indiana (NOW HIRING)

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Surety Manager information

See Indiana salary details

$25.2K

$74.2K

$129.4K

How much do surety manager jobs pay per year?

As of Jul 25, 2026, the average yearly pay for surety manager in Indiana is $74,160.00, according to ZipRecruiter salary data. Most workers in this role earn between $61,900.00 and $84,700.00 per year, depending on experience, location, and employer.

How much do you pay on a $50,000 surety bond?

For a Surety Manager, the cost of a $50,000 surety bond typically ranges from 1% to 3% of the bond amount annually, depending on creditworthiness and industry factors. This results in a premium of approximately $500 to $1,500. The exact premium can vary based on the applicant's financial history and the specific surety provider's rates.

What are the key skills and qualifications needed to thrive in the Surety Manager position, and why are they important?

To thrive as a Surety Manager, you need strong knowledge of surety bonding, underwriting principles, risk assessment, and typically a bachelor’s degree in finance, business, or a related field. Familiarity with surety management software, financial analysis tools, and industry certifications such as AFSB (Associate in Fidelity and Surety Bonding) are often preferred. Exceptional communication, negotiation, and relationship-building skills help you collaborate effectively with clients, underwriters, and agents. These skills are essential for evaluating risk accurately, building strong client relationships, and achieving organizational goals in a competitive market.

What are the 3 C's of surety underwriting?

The 3 C's of surety underwriting are Character, Capacity, and Collateral. Character assesses the applicant's integrity and reputation, Capacity evaluates their ability to fulfill financial obligations, and Collateral considers the assets available to secure the bond. As a Surety Manager, understanding these factors helps in evaluating risk and determining bond approval.

What is a Surety Manager job?

A Surety Manager is responsible for overseeing the issuance and management of surety bonds, which guarantee the financial and contractual obligations of clients. They assess risk, underwrite bond applications, and ensure compliance with industry regulations. Additionally, they build relationships with clients, brokers, and underwriters to facilitate bond approvals. A Surety Manager also monitors existing bonds, handles claims, and provides strategic recommendations to mitigate risk. Their role is crucial in supporting businesses that require bonding for projects and financial assurances.

What are the most common challenges a Surety Manager faces in their day-to-day work?

Surety Managers routinely navigate the complexities of evaluating new and ongoing bond requests, which require careful risk assessment and attention to compliance with regulatory standards. One common challenge is balancing the need to support clients with granting favorable terms while also protecting the company's interests. You will often need to troubleshoot unexpected claims, market fluctuations, and changing client needs, all while maintaining productive relationships with agents, brokers, and internal stakeholders. Success in the role involves adaptability, strong problem-solving skills, and the ability to stay up to date with industry trends and regulations.

What jobs make $3,000 a day?

Certain high-level roles such as senior corporate executives, specialized surgeons, and successful entrepreneurs can earn $3,000 or more per day. In the insurance industry, a Surety Manager may earn a substantial salary, but daily earnings of this level are typically associated with top executive positions or highly profitable business owners. Achieving this income often requires extensive experience, advanced skills, and significant responsibility.

Is surety a good career?

A Surety Manager oversees the underwriting and issuance of surety bonds, which are used to guarantee contractual obligations. The role requires strong analytical skills, knowledge of insurance and bonding processes, and often involves working with legal and financial documents. It can be a stable career with opportunities for advancement in the insurance and surety industries.
What are the most commonly searched types of Surety jobs in Indiana? The most popular types of Surety jobs in Indiana are:
What are popular job titles related to Surety Manager jobs in Indiana? For Surety Manager jobs in Indiana, the most frequently searched job titles are:
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What cities in Indiana are hiring for Surety Manager jobs? Cities in Indiana with the most Surety Manager job openings:
Surety Manager jobs near you
Infographic showing various Surety Manager job openings in Indiana as of July 2026, with employment types broken down into 9% As Needed, and 91% Full Time. Highlights an 82% In-person, 9% Hybrid, and 9% Remote job distribution, with an average salary of $74,160 per year, or $35.7 per hour.

Commercial Surety - Underwriting Specialist Surety (Remote/Hybrid)

thg

Indianapolis, IN • On-site, Remote

Other

Posted 17 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