Job title: Contract Surety Bonds Senior Underwriter - Chicago
Job type: Permanent
Emp type: Full-time
Industry: Insurance
Functional Expertise: Underwriter
Location: Chicago, IL
Job published: 02/18/2026
Job ID: 148780

Job Description

A leading national insurance organization is seeking a Contract Surety Underwriting Manager for its office in Orange, California. This role offers a flexible hybrid schedule and requires travel within the assigned regional territory. The ideal candidate is an experienced surety professional with strong underwriting judgment, market presence, and leadership capability.


Key Responsibilities

  • Manage underwriting of low to moderately complex contract surety risks, including selection, pricing, retention, growth, and profitability within delegated authority.
  • Exercise independent judgment and initiative to support business objectives.
  • Maintain a high level of customer service with agents, brokers, and principals.
  • Review new submissions; determine terms including limits, credit structures, deductibles, conditions, and work programs.
  • Price business in alignment with company guidelines and market conditions.
  • Conduct underwriting investigations as needed (financial reviews, bank meetings, site visits, interviews with owners/creditors/architects/engineers, etc.).
  • Assess risk quality and compliance with underwriting rules and standards.
  • Order, review, and analyze required financial and credit materials, including:
    • Credit reports
    • Bank agreements
    • Financial statements
    • Underwriting surveys
  • Make recommendations on risks above authority level.
  • Maintain and monitor accounts through underwriting platforms and analysis tools.
  • Prepare internal and external communications regarding underwriting decisions and issues.
  • Build and sustain strong business relationships to retain accounts and develop new opportunities.
  • Visit agents, brokers, and principals to support market development and divisional goals.
  • Explain, position, and market surety products and services effectively.
  • Apply underwriting guidelines, rating rules, and regulatory requirements.
  • Provide support, guidance, and occasional mentoring to junior associates.
  • May manage direct reports, including performance coaching, development, and talent decisions.
  • Perform additional duties as assigned.

Qualifications

  • Bachelor’s degree or equivalent professional experience.
  • Preferred fields of study: Finance, Accounting, Business, or related areas.
  • 7+ years of relevant surety or financial analysis experience.
  • Professional designations preferred or in progress:
    • AFSB
    • CPA
    • RPLU
  • Strong analytical, relationship‑building, and communication skills.
  • Ability to travel within the assigned territory.
  • Leadership, mentoring, or supervisory experience is a plus.

Compensation

  • Salary range: $175,000 – $220,000, depending on skills, experience, and market factors.

 

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