Description

Aon is seeking an Account Executive/Broker II

As part of an industry-leading team, you will help empower results for our clients by delivering innovative and effective surety solutions.

About Aon Surety:

Aon is one of the largest surety brokers representing both contract and commercial clients both domestically and globally. We are the top broker with the majority of the large surety companies. Aon is seeking candidates for a Surety Account Executive Position to join our team.

Your impact as an Account Executive/Broker III

The job will require account management for existing commercial surety business and penetration of existing client opportunities. This role requires internal networking with Aon AE's and Sales leaders to develop sales prospects

Job Description

• The primary role of this position is to provide account and brokerage services to new and existing Aon Surety accounts. Additionally, the role requires the broker to proactively advise the client of opportunities to improve on existing surety program through re-marketing of bonds as needed. Client retention and year over year book growth through penetration opportunities or new business growth is the key business results in which performance is measured.
• In the role, the Broker to 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.
• The Broker 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. Broker then conveys the terms and conditions to the client and assists with rate/collateral benchmarking and negotiation of indemnity language.
• The Broker will receive quotes from the markets, completes Quote Disclosure reports, transparency and disclosure reports, limitation of liability agreements and provides advice on the execution of indemnity agreements and collateral transfers.
• Will be responsible for directing and coordinating the bond execution and delivery with the client fulfillment team who do the execution and data entry into AonBondLink. It is the broker's responsibility to ensure that documentation in client files is up to date through use of AonBondLink. The broker will attach financial information, program information and T&D documents as needed. Compliance with Aon standards and Business Practice Guidelines is performance management metric.
• The job requires the broker to regularly meet with markets, understand how they price their products, the capacity they have available for each bond type and understanding the nuances of surety market indemnity agreement. The ability to successfully fulfill this role is based on brokerage experience and risk expertise gain through prior transaction. Resources available to fulfill this role are the other brokers in Chicago or across the national CSG platform.

Required Experience:

• 6-10+ years experience in the surety industry in servicing capacity or related business experience.
• Well developed communication and presentation skills. Attention to detail and technical proficiency is essential. Self-motivated, proactive, and a sense of urgency. Team player.

Education:

• Bachelor's degree

The salary range for this position (intended for U.S. applicants) is $140,000- $175,000 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.

This position is eligible to participate in one of Aon's annual incentive plans to receive an annual discretionary bonus in addition to base salary. The amount of any bonus varies and is subject to the terms and conditions of the applicable incentive plan.

How we support our colleagues

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.

In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile 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 for our colleagues as well.

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 and inclusive 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 are committed to providing equal employment opportunities and fostering an inclusive workplace. If you require accommodations during the application or interview process, please let us know. You can request accommodations by emailing us at ReasonableAccommodations@Aon.com or your recruiter. We will work with you to meet your needs and ensure a fair and equitable experience.

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.

Aon is not accepting unsolicited resumes from search firms for this position. If you are a search firm, you will not be compensated in any way for your submission of a candidate, even if Aon hires that candidate.

Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.

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Requisition #: 99940

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