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Surety Account Executive/Broker II
Surety Account Executive/Broker II-September 2024
Seattle
Sep 21, 2024
About Surety Account Executive/Broker II

  Surety Account Executive/Broker IIAre you passionate about construction and want to join a dynamic cultured, growing division of Aon?Aon is seeking a Surety Account Executive/Broker II specializing in construction, which is a growing team here at Aon. This is a hybrid-remote from our Denver, CO; Seattle, WA; San Francisco, CA; Irvine, CA; or Los Angeles, CA office.Aon is in the business of better decisionsAt Aon, we shape decisions for the better to protect and enrich the lives of people around the world.As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.How This Opportunity Is DifferentThis role will require account management for existing surety business and penetration of existing client and prospect opportunities. The role will be a part of the West Surety Advisory team driving growth for contract and commercial surety lines across multiple Aon offices, with a strong focus on construction opportunities.What the day will look likeProvide account and brokerage services to new and existing Aon surety accounts. Proactively advise the client of opportunities to improve on existing surety program through re-marketing of bonds as needed. Ensure client retention and year over year book growth through penetration opportunities or new business growth is the key business result in which performance is measured.Receives requests from clients, prepares placement memorandums that requires the broker to describe the background and organization of a company, complete an outline of the risk analysis of the types of bonds required. Justify the extension of surety credit through the financial analysis of the client's audit and then make a recommendation of the terms, conditions, pricing, collateral, if required, and indemnity to support the transaction.Evaluates the financial condition of the client, the nature of the underlying risk, compares it to the credit liability associated with the request or program offering then independently decides which insurer to approach for terms and conditions. Then conveys the terms and conditions to the client and assists with rate/collateral benchmarking and negotiation of indemnity language.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 who do the execution and data entry into AonBondLink. Ensure that documentation in client documents are up to date through use of AonBondLink. Attach financial information, program information and Transmission and Distribution (T&D) documents as needed. Ensure 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 agreement. Ideally this candidate will have brokerage experience and risk expertise gained through prior transactions. Wide exposure to the National Surety team and with Aon's Construction and Infrastructure group to align strategies.From a sales perspective, the broker serves as 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. The ability to be excellent teammate, who seeks opportunities for innovation, engagement through a high Aon IQ and ability network across the Aon platform are key performance measurements.Overnight travel may be required and the ability to attend occasional meetings and social or industry events.Skills and experience that will lead to successMinimum of 3

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