Surety Account Executive/Broker I or II

4 weeks ago


Dallas, Texas, United States Aon Full time
Job Description

At Aon, we are seeking a highly skilled Surety Account Executive/Broker I or II to join our dynamic team. As a key member of our Southwest Surety Advisory team, you will be responsible for driving growth for contract and commercial surety lines across multiple Aon offices.

Key Responsibilities:

  • Provide account and brokerage services to new and existing Aon surety accounts, proactively advising clients on opportunities to improve their existing surety program.
  • Receives requests from clients, prepares placement memorandums, and justifies the extension of surety credit through financial analysis of the client's audit.
  • Evaluates the financial condition of the client, the nature of the underlying risk, and compares it to the credit liability associated with the request or program offering.
  • Receive quotes from the markets, completes Quote Disclosure reports, visibility and disclosure reports, limitation of liability agreements, and provides advice on the execution of indemnity agreements and collateral transfers.
  • Will be responsible for advising and coordinating the bond execution and delivery with the client fulfillment team, ensuring compliance with Aon standards and Business Practice Guidelines.
  • Regularly meet with markets, understand how they price their products, the capacity they have available for each bond type, and understand the nuances of surety market indemnity agreements.
  • From a sales perspective, the broker serves as a point of contact for other Aon colleagues to assist in advising their clients regarding surety matters, placing new bonds, or routing to other practice groups as needed.

Requirements:

  • Minimum of 3 years of surety validated experience, with prior underwriting or brokerage experience preferred.
  • Understanding of financial and accounting principles, with the ability to demonstrate sound business judgment in the evaluation of the financial condition, credit history, experience, and character of contract accounts.
  • 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 with completion of the designation an expectation of continuing employment.
  • Demonstrates strong ability to communicate sophisticated analyses and information in understandable written and/or oral directives for underwriting or training purposes.
  • Demonstrates strong communication and social skills in dealing with clients, surety markets, CPAs, bankers, attorneys, etc. Required to build & maintain good business relationships.

Education:

  • Bachelors degree or equivalent years of industry experience.
  • Active Property & Casualty license must be maintained in order to accurately service clients, as well as ongoing continuing education.
  • Advanced degree or professional designation is preferred, including CPCU, CPLU CIC or ARM, but not required.

Benefits:

Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including a 401(k) savings plan with employer contributions, an employee stock purchase plan, consideration for long-term incentive awards at Aon's discretion, medical, dental and vision insurance, various types of leaves of absence, paid time off, including 12 paid holidays throughout the calendar year, 15 days of paid vacation per year, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, health savings account, health care and dependent care reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; optional personal insurance policies, adoption assistance, tuition assistance, commuter benefits, and an employee assistance program that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies.



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