Joe Alessi
Bloomfield Hills,MI
Summary
Experienced surety underwriter with a strong background in finance, sales, and risk management, who has underwritten many classes of commercial and contract bonds while managing the surety division for an A-rated carrier. I am passionate about surety products and dedicated to assisting agents and customers, and I understand that much work goes into managing and building a surety book. I emphasize attention to detail, approval, and rating accuracy, as well as adherence to underwriting rules, regulations, forms, and rating plans established by the Company or Obligee.
Overview
7
7
years of professional experience
Work History
Surety Division Manager
Universal Fire & Casualty Insurance Company
Waterford, MI
02.2021 - 12.2024
- Managed the underwriting, sales, marketing, and software platform for the company's Surety Division, reporting to the president of the company.
- Underwrote commercial (L&P, Fiduciary) and contract bonds (performance, payment, supply, maintenance) for small to mid-sized businesses in the construction, healthcare, manufacturing, and logistics.
- Established budgeting and revenue forecasts for the surety department, adjusting quarterly based on performance or changing priorities.
- Frequently visit producers and market to independent agents to secure surety business, and strengthen relationships.
- Frequently analyze SFAA premium and loss data by bond type, class code, and region to develop target classes.
- Made profitable underwriting decisions that align with the company's risk appetite, capacity, and underwriting criteria.
- I was recognized as an Emerging Leader in 2024 by the APCIA, and while at the award ceremony, I was further recognized with the Business Leadership Award.
- Co-authored the company's Rate, Rule, and Forms filings in 47 states, ensuring compliance with regulatory standards.
- I helped grow the book of business from $0 to $2 million annually in GPW, while maintaining a loss ratio of less than 5%.
- Monitored losses, and maintained constant communication with the claims department.
Senior Investigator
American Investigators Inc.
Bloomfield Hills, MI
11.2019 - 02.2021
- Performed and analyzed background checks, property reports, and court documents for attorneys, businesses, and customers
- Conducted field surveillance and provided testimony to courts for workers comp., personal injury, fraud, and theft cases
Property Manager
Property Management Co.
Bloomfield Hills, MI
01.2018 - 02.2020
- Managed multi-family and commercial properties, handling billing, forecasting, loss controls, and small projects.
- Licensed Contractor and Real Estate Agent
Education
Master's - Finance
Walsh College of Accountancy And Business Administration
Troy, MI12-2018
Bachelor's -
University of Michigan
Ann Arbor, MI05.2016
Timeline
Surety Division Manager
Universal Fire & Casualty Insurance Company
02.2021 - 12.2024
Senior Investigator
American Investigators Inc.
11.2019 - 02.2021
Property Manager
Property Management Co.
01.2018 - 02.2020
Master's - Finance
Walsh College of Accountancy And Business Administration
Bachelor's -
University of Michigan
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