Contract Bond Underwriter Trainee - San Francisco, CA

Elevate your career options. Merchants Bonding Company is seeking candidates for a risk and financial analyst in San Francisco. This individual will become a valued consultant to our agents and brokers in the San Francisco Area. Our underwriters forge relationships with agents and brokers within their territory, soliciting and analyzing contract bond submissions to make underwriting recommendations. Contract Bond Underwriters evaluate and underwrite contract surety bonds within established parameters and guidelines, contribute to a profitable surety operation, and to the marketing of other lines of business. Travel for this position includes up to 25%, consisting of day trips and occasional overnights.

Entry level Contract Underwriters must successfully complete the Merchants training program in order to exhibit competencies in the following areas to become higher level contract underwriters.

Training will take place virtually as well as possible training in our home office in West Des Moines, IA.

Merchants has a 37.5 hour workweek with Work/Life Integration policy, parental leave and infants-in-the-workplace policy, and a competitive total rewards package including short and long term incentive plans are just a few of the excellent perks of joining the Merchants team.

Our Contract Bond Underwriters:

• Determine the acceptability of surety risks based on Merchants' guidelines, established authority, and marketing strategy.
• Analyze agent submissions/applications and assures that documentation is reviewed and noted properly. Obtains necessary background information and references. Accurately evaluates for future profit or loss potential and verifies appropriate rates for the risk.
• Prepares contract bond quotes and responds to questions regarding the proposal.
• Maintain and create positive relationships with agents and major accounts, including regular on-site visits.
• Develops new business opportunities through prospecting and utilizes marketing materials in presentations, proposals and other marketing efforts.
• Represents Merchants Bonding professionally at industry functions. Networks with industry peers and experts.
• Have strong analytical and research skills as well as ability to shift focus quickly to appropriately handle a variety of bond applications

Successful underwriters have a Bachelor s degree in business or finance or equivalent work experience in business, underwriting, insurance or a related field. College coursework in math, risk analysis, and financial analysis a plus. 2+ years of business experience in related surety bond positions is preferred. Qualified candidates:

• Can negotiate successfully and professionally
• Proven relationship building skills
• Have the ability to accurately read and analyze financial documents
• Travel to assigned region and market products (15-25% travel)
• Are detail oriented with strong critical thinking and analysis skills
• Ability to scan unfamiliar material and pull relevant details
• Possess above average verbal and written communication skills
• Knowledge of construction techniques, contract terms/variations, and construction accounting a plus
• A history of providing excellent customer service and sound judgment
• Underwriter Trainees are required to actively participate in and complete formal training sessions, including but not limited to, mock agency sessions, bond reviews, sales and marketing training and ICS (role play) scenarios.

Succeed with Visionary Leaders. Merchants reputation sets us above the competition. Our growth has remained in the double digits for over 10 years.

You could follow the crowd but we know you want to aspire to something greater. Send your resume to jobs@merchantsbonding.com or visit our careers page at www.merchantsbonding.com and complete an employment application.

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Learn more about Merchants Bonding Company culture, our mission statement, and available positions on our website at: https://www.merchantsbonding.com/careers.aspx

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