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Contract Surety Manager

Contract Surety Manager

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Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group’s member companies are subsidiaries of American Financial Group, a Fortune 500 company. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty property and casualty operations and a variety of financial services, there are always opportunities here to learn and grow.


Great American's Bond Division has been underwriting surety and fidelity bonds for over 90 years. Great American is known for expert underwriting, solid financial strength, market leadership and creative solutions to all bonding needs. With a highly diverse product line, Great American is one of the top surety companies in the United States. The Bond Division is currently seeking a Bond Manager in our Schaumburg, IL office.


  • This individual will be charged with developing and growing an established book of contract surety business out of our Chicago (Schaumburg) office covering Illinois, Wisconsin, and Missouri.
  • Responsibilities include developing new contract surety business opportunities with the existing agency base as well as developing any new agents within the territory deemed appropriate.
  • Has responsibility for risk selection/rejection, pricing, retention, growth and profitability decisions.
  • Ensures business is priced in accordance with company guidelines.
  • Prepare premium and expense budgets for the office on an annual basis
  • Ensures the appropriate utilization of underwriting, analysis and desktop systems.
  • Assesses risk quality and compliance within company guidelines.
  • Ensures appropriate reports are available accessed and appropriately used for rating and underwriting processes.
  • Ensures effective business relationships with internal and external customers/co-workers are developed and maintained in order to attract and retain profitable business.
  • Ensures an adequate number of visits are conducted with producers and principals in order to retain existing accounts, build and maintain business relationships and develop new opportunities in support of divisional objectives.
  • Has responsibility for the performance, development and coaching of staff and provides training for new members to the team.
  • Performs other duties as assigned.


  • Must have a Bachelor’s degree or equivalent experience.
  • Previous management experience is preferred, but not required.
  • 5-10 years of experience with a surety carrier is required.
  • Must have strong communication skills to build and leverage excellent customer relationships and to successfully market products.


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