Surety Bond Account Executive

1 week ago

Elk Grove Village Illinois, United States AssuredPartners Full time

Position Overview:


The Surety Bond Account Executive plays a crucial role in collaborating with Surety Account Managers and the team to facilitate the execution of bid, performance, payment, and various other bonds.

This position is also responsible for establishing and nurturing relationships with all surety clients and underwriters, addressing their contract and miscellaneous requirements, and acquiring up-to-date financial and relevant information for the surety organization.

The Ideal Candidate:

You possess a knack for problem-solving and are committed to delivering exceptional customer service.

Team collaboration is integral to your work ethic, and you excel in both verbal and written communication.

Your analytical mindset allows you to grasp both the overarching objectives and the finer details when engaging with clients and team members.

If this resonates with you, we encourage you to explore this opportunity further.

Key Responsibilities:
Please note that the responsibilities outlined below may vary depending on the operational needs of your local office.


Assist the Account Manager in executing all bid, performance, payment, and miscellaneous bonds promptly, ensuring compliance with applicable laws and company policies.

Oversee the renewal process for all miscellaneous surety bonds and contract surety bonds.

Manage invoicing for all bonds and resolve any billing disputes. Collect premiums that remain outstanding for over 60 days.


Maintain up-to-date records related to financial year-end statements, interim statements, bank lines of credit, insurance certificates, and personal financial statements for owners.

Handle all general correspondence while fostering a positive working relationship with clients and underwriters.

Execute indemnity agreements as required.

Collaborate with Surety Account Managers to formulate company-wide surety procedures and establish effective surety policies.

Adhere to company protocols regarding all essential duties and responsibilities associated with the role.

Provide sales support as directed by the Producer, which includes assisting in marketing efforts in conjunction with all agency personnel involved in new or existing business.

Other responsibilities as assigned.

Travel may be required, estimated at 10-25% for this position.

Benefits:
To support your decision-making for personal development, we are pleased to offer a glimpse of what we provide to our most valuable asset, our people:

Competitive base salary

Comprehensive Paid Time Off Package exceeding 30 days, including Paid Time Off, 10 Company Holidays, 2 Floating Holidays, 5 Sick Days, and 2 Volunteer Days.

Health benefit options tailored to your needs; including 5 affordable medical plans with rates based on your salary, company-funded HSA contributions with eligible HSA plan selection, 2 dental plans with orthodontia coverage and 3 cleanings per year, and 2 vision plan options.

401(k) plan with company match – 50% up to 6%.

Support for your fitness and wellness goals, offering up to 75% off at over 11,000 gyms and fitness centers.

Access to licensed therapists available 24/7 to prioritize your mental health.

Pet benefits and discounts.

Engagement with our Employee-led Resource Groups (ERGs) that amplify the voices of diverse demographics represented throughout AssuredPartners.

Qualifications:
Advanced degree from an accredited institution or 2-5 years of relevant experience and/or training; or a combination of education and experience.

Property and Casualty License.

Proficient in technology; capable of navigating multiple systems, including Agency Management Software.

Intermediate proficiency in Microsoft Office applications.

Notary Public designation is preferred but not mandatory.

Grow with Us:
AssuredPartners is dedicated to fostering innovation and growth for our clients.

This makes us an ideal environment for creative, dynamic individuals eager to advance their careers while supporting businesses, families, and communities.


We take pride in being the fastest-growing independent insurance broker in America, but we are even prouder of the genuine, caring relationships our employees cultivate with clients daily.


Joining our team offers you the chance to engage in meaningful work while learning, advancing, and growing with us.


AssuredPartners is committed to promoting diversity, equity, and inclusion, creating a workplace that thrives on the unique experiences, perspectives, and contributions of all team members.

AssuredPartners is focused on bringing forward the best talent and most diverse individuals to drive growth, foster innovation, and think beyond the conventional.

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