A career as a surety underwriter allows you to be an analyst, negotiator and consultant on a daily basis. You'll enjoy the satisfaction of influencing success and helping people who need your expertise. And, you're always learning and expanding your skills.

About Westfield surety:

Westfield Insurance surety enjoys the reputation of being an industry leader, among the top 20 writers of surety in the United States; due in large part due to our highly trained staff and loyal agency force. We pledge to provide exceptional service to our agency partners and our mutual client, the bond customer.

Contract surety is a unique form of credit required by law for public construction projects. Surety companies prequalify contractors to protect public tax dollars from contractor default. This means that surety is different than traditional insurance because it is designed to prevent loss. The surety prequalifies the contractor based on financial strength, construction expertise and character.

Commercial surety bonds guarantee compliance to code or performance of statutory duty of licensees, public officials, executors/administrators and those involved in court cases.

A career in surety involves:

As a financial analyst/surety bond trainee, you will...

Gain advanced analytical, negotiating and consulting skills to assist you in the day-to-day challenges of this rewarding field.
Work with entrepreneurs who value your business expertise.
Build lasting relationships that are not hard sell or commission based.

Day in the Life of a Contract Surety Underwriter

8:00 A.M.

Finish review of CPA year-end financial reports and credit information for new contractor opportunity. Perform financial and trending analysis. Review meeting agenda.

10:15 A.M.

Meet with contractor, his CPA and surety agent to discuss business philosophies. Sell Westfield as a relationship company and develop relationship with the contractor. A $10 million shopping center project coming out to bid is revealed. Discussions include a general overview of the plans and a cost break-out.

12:00 P.M.

Contractor luncheon at local restaurant.

1:15 P.M.

Tour project site with contractor and surety agent.

3:00 P.M.

Discussions with company attorneys regarding proposed shopping center contract.

3:15 P.M.

Call bankers to confirm contractor's credit lines and project financing.

3:30 P.M.

Prepare written proposal to seek $10 million project approval and discuss proposal with team members.

5:00 P.M.

Time to head home!

This brief overview is provided to help give some context to this role.
It is not comprehensive, nor is it a job description.