Surety Specialist II

Company: Aon Hewitt
Location: Chicago
Posted on: October 29, 2024

Job Description:

Do you have a basic knowledge of Surety, bond issuance and execution and Surety bond management applications? Or are you organized, detail-oriented and would like to become familiar with the industry and various types of bonds, including bid, final, miscellaneous and court bonds? If so, this may be the next step in your career!The Surety Analyst is a hybrid role working from our Chicago, IL officeAon 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.What the day will look like:As a Surety Analyst your day will vary depending on the level of Surety experience you have. If you have no Surety experience, we will provide all required training and mentorship to help you on your way. A less experienced Surety Analyst will learn how to provide surety technical advice/support to non-surety personnel and coordinate receipt of pertinent underwriting information. If you are a more experienced Analyst, you will work more independently and have more interaction with clients and Surety Advisors. A senior level Surety Analyst may be called on to provide mentoring and coaching to other less experienced colleagues.All Analysts, regardless of Surety knowledge, will confirm that bonds are issued in compliance with surety lines of credit and assist in the negotiation of approvals for execution of bonds that are outside of, or in excess of, surety line of credit or broker authority.A few of the tasks that we'll complete together:

• Prepare Consent of Surety Final Payment documents, prequalification letters, riders, and other documents required by clients.
• Prepare General Indemnity Agreements/Bond Applications.
• Run expiration lists and update the corresponding records, according to client's wishes and needs.
• Maintain accurate electronic bond files as well as financial documents.
• Invoice and maintain account receivables/payables.
• Update client information following renewal completion.Skills that will lead to success:We use several proprietary and commercial programs to support our clients, including AonBondLink, Bridge, and Outlook. We'll work with you to get you up to speed on our tools.
  • Strong organizational, time management, and multi-tasking skills.
  • Ability to effectively interpret a variety of technical instructions; taking care of abstract and concrete variables.
  • Experience or education in Construction Management/Insurance/Surety.Education and licensing requirements:Bachelor's degree is preferred for this role, or equivalent years of proven experience. Maintain Notary Public designation and appropriate Producer license.How we support our colleagues In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two "Global Wellbeing Days" each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognize that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working!Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace. Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. People with criminal histories are encouraged to apply.We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email For positions in San Francisco and Los Angeles, we will consider for employment qualified applicants with arrest and conviction record in accordance with local Fair Chance ordinances.Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.Salary range or hourly pay range for the positionThe salary range for this position (intended for U.S. applicants) is $60,000 to $100,00 annually. The actual salary will vary based on applicant's education, experience, skills, and abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant's geographic location.A summary of all the benefits offered for that position:Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including, but not limited to: a 401(k) savings plan with employer contributions; an employee stock purchase plan; consideration for long-term incentive awards at Aon's discretion; medical, dental and vision insurance, various types of leaves of absence, paid time off, including 12 paid holidays throughout the calendar year, 15 days of paid vacation per year, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, health savings account, health care and dependent care reimbursement accounts,employee and dependent life insurance and supplemental life and AD&D insurance; optional personal insurance policies, adoption assistance, tuition assistance, commuter benefits, and an employee assistance program that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies. 2550358
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Keywords: Aon Hewitt, Rockford , Surety Specialist II, Other , Chicago, Illinois