Time and Space are Running Out for Summer Surety School
NASBP is now accepting registrations from all members, affiliates, associates and non-members for the NASBP Summer 2015 Angell-Curtin Advanced Surety School, Level III. Levels I and II are full, but NASBP is taking names of those who want to be placed on a waiting list should someone cancel their Level I or II registration.
All classes will be held the week of Aug. 2-7 in Atlanta, GA.
The NASBP Surety Schools offer the most comprehensive professional development courses available for surety bond producers, underwriters and customer service representatives. All courses are taught by a dedicated team of highly skilled, longtime producers and underwriters from across the nation.
Level I is applicable to all in-house bond department staff, producers new to contract surety, and anyone new to the industry. The three-day course includes analysis a contractor’s financial statement, understanding the information in the work-in-process report, learning what documents are needed for a complete submission to a surety company, understanding the different types of bonds used in construction; an overview of the commercial surety sector of the industry; and understanding the producer’s and the underwriter’s role in the event of a claim.
Level II was created for the bond producer/underwriter/account manager with one to five years of experience, particularly but not exclusively, for those who have taken Level I. Students spend the first three days delving into an advanced analysis of a contractor’s financial statement, including learning the basics of profiling; understanding the importance and possible detrimental effects of poor cash flow management; and determining a working capital case based on different levels of working capital needed. Students are afforded the opportunity to demonstrate their mastery of the materials through multiple hands-on case studies (usually conducted as small-group exercises). The last two days of class are spent on submissions; delving into the commercial surety sector of the industry via a case study; understanding what happens in the event of a claim; working ethically in the surety industry; learning about new changes in technology, regulations and alternative project delivery methods; and a final wrap-up activity that incorporates all the materials learned during the week.
Level III is designed for bond producers and underwriters with more than five years’ experience. Students spend most of the first two days focusing on advanced financial analysis and underwriting techniques, including how to assess the effectiveness of the estimating and project management controls and internal cost-control procedures by examining the work-in-process reports; and learning cash flow adequacy and efficiency ratios that provide better analysis than the typical percentage of completion reports. Other parts of the course include strategic industry issues and changes; sales and marketing; three case studies focusing on commercial surety; credit modeling and benchmarking; and insurance/risk transfer/risk management in construction contracts. Remember, this is your only chance to take Level III in 2015 – classes will not be offered again until Summer 2016 in Kansas City, KS.
Each course offers continuing education (CE) credits, which vary by state. The credits available for each Level are displayed at www.nasbp.org.
For more information about this summer’s Surety School sessions, click here
Please click here, for Level I Information.
Please click here, for Level II Information.
Please click here, for Level III information.
For questions, please contact Charnita Lee at firstname.lastname@example.org