Bond Manager
Title: Surety Bond Manager
Location: Belmont, CA
Salary: $100,000 - $125,0000
Position Overview
Our client is seeking a knowledgeable and proactive Surety Bond Manager to lead and manage their surety bond operations. This role is ideal for someone with a strong background in underwriting, client relations, and risk assessment, particularly within the construction and contracting industries.
Key Responsibilities
Bond Underwriting & Issuance
- Evaluate and process applications for various types of surety bonds, including bid, performance, payment, and license bonds.
- Analyze financial statements, credit reports, and project details to assess risk and determine bond terms.
Client Relationship Management
- Serve as the primary point of contact for contractors, developers, and business owners.
- Provide expert guidance on bonding requirements and maintain long-term client relationships.
Risk & Compliance Oversight
- Monitor bonded projects to ensure compliance with contractual and regulatory obligations.
- Stay current with state and federal bonding regulations and ensure all issued bonds meet legal standards.
Team Collaboration
- Work closely with account managers, administrative staff, and insurance carriers to deliver seamless service.
- Support internal teams with training and development related to bonding processes.
Claims & Dispute Resolution
- Investigate and manage claims related to bond defaults or disputes.
- Coordinate with legal and underwriting teams to resolve issues efficiently.
Qualifications
- 5+ years of experience in surety bond underwriting or management.
- Strong understanding of construction industry practices and bonding requirements.
- Excellent analytical, communication, and negotiation skills.
- Proficiency in insurance management systems and financial analysis tools.
- Bachelor's degree in Business, Finance, or related field preferred.
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