Surety Account Executive
3 weeks ago
Description:
SUMMARY :
The primary focus of the Bonds/Surety Account Executive is to provide technical support to Client Executives and to clients in maintaining Commercial insurance policies in accordance with the objectives and procedures outlined by the Director, Client Services.
ESSENTIAL DUTIES & RESPONSIBILITIES:
Process paperwork for new and renewal business to include:Expiration ListsApplicationsBindersRiders and Consents of SuretyIndemnity AgreementsPreparation of surety bonds (bid, performance, payment, and various Business Insurance bonds)InvoicesLetters of Bondability Perform account and premium reconciliation. Coordinates underwriting requests with insurance company and client Assists in obtaining bond approvals and authorizations from insurance carrier Maintain client files.Image files into electronic file keeping system.Document files with action items and their completed status. Participate in Errors & Omission audits Reviews client accounting history, responds to accounting inquiries, corrects discrepancies, and contacts client on receivable collections; Provides technical guidance to staff assisting with client needs or procedural issues; Notifies brokers of pertinent information related to client retention; Supports producer in developing new surety business for clients and prospects Establish and maintain positive and effective working relations with other Associates and clients.
REQUIREMENTS:
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