Surety Account Executive/Broker II

2 days ago


Chicago, Illinois, United States Aon Full time
About the Role

Aon is seeking a Surety Account Executive/Broker II to join our dynamic and growing division in Chicago, IL. As a key member of our team, you will be responsible for providing account and brokerage services to new and existing Aon surety accounts.

Key Responsibilities
  • Provide account management for existing surety business and penetration of existing client and prospect opportunities.
  • Proactively advise clients on opportunities to improve existing surety programs through re-marketing of bonds as needed.
  • Ensure client retention and year-over-year book growth through penetration opportunities or new business growth.
  • Prepare placement memorandums, quote disclosure reports, and visibility and disclosure reports.
  • Justify the extension of surety credit through financial analysis of client audits and make recommendations on terms, conditions, pricing, collateral, and indemnity.
  • Evaluate financial conditions, nature of underlying risks, and credit liability associated with requests or program offerings.
  • Decide which insurer to approach for terms and conditions and convey them to clients.
  • Assist with rate/collateral benchmarking and negotiation of indemnity language.
  • Receive quotes from markets, complete quote disclosure reports, and provide advice on execution of indemnity agreements and collateral transfers.
  • Advise and coordinate bond execution and delivery with client fulfillment teams.
  • Ensure documentation in client documents is up-to-date through use of AonBondLink.
  • Regularly meet with markets to understand pricing, capacity, and nuances of surety market indemnity agreements.
Requirements
  • Minimum of 3 years of surety validated experience, with prior underwriting or brokerage experience preferred.
  • Understanding of financial and accounting principles with ability to demonstrate sound business judgment.
  • Validated analytical ability to evaluate and judge underwriting risks within scope of responsibility.
  • AFSB (Associate in Fidelity and Surety Bonding) certification preferred or on the path to certification.
  • Strong ability to communicate sophisticated analyses and information in understandable written and/or oral directives.
  • Strong communication and social skills in dealing with clients, surety markets, CPAs, bankers, attorneys, etc.
About Aon

Aon is a global professional services firm that provides a range of services, including risk management, insurance, and consulting. We are committed to helping our clients and colleagues succeed and are passionate about creating a diverse and inclusive workplace.

What We Offer
  • Comprehensive benefits package, including medical, dental, and vision insurance, 401(k) savings plan, and employee stock purchase plan.
  • Opportunities for professional development and growth.
  • Flexible work arrangements and a commitment to work-life balance.
  • A diverse and inclusive workplace culture.


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