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About the Role

The Surety Underwriter Senior will be responsible for the marketing, underwriting, administration, and overall business development of an assigned geographic territory in accordance with the company’s surety business model to meet projected profitability and expense goals. You will serve as lead underwriter for the assigned region as the front line for the commercial surety line of business. The position supports the Head of Commercial Surety in balancing the needs to achieve budgeted financial results through sound underwriting practices to produce profitable results. You will also serve as lead in Book of Business reviews and assist Head of Commercial Surety in portfolio management.

Responsibilities

Develop and execute a strategic business plan to expand the surety portfolio and maintain full P/L responsibility for the region.
Establish and maintain key surety broker relationships in compliance with guidelines for new and renewal surety business.
Develop and underwrite a profitable portfolio, coordinate new/renewal business while exercising proper underwriting pricing and discipline in compliance with underwriting guidelines, systems and procedures.
Hire, develop and train other team members in the region including Sr. Underwriters, Underwriters, Associates and Trainees.
Collaborate with MRSNA Surety colleagues to fully leverage MRSNA Surety capabilities and increase the customer base.

Requirements

10 years or more of progressive experience working with surety products.
Entrepreneurial skill set, excellent marketing, negotiating and communication skills.
Successful track record of developing and maintaining strong relationships with agents/brokers.
Ability to think strategically and function tactically.
Exceptional communication skills that energize and engage brokers, clients and colleagues and the ability to convey a vision and client-focused solutions.
Ability to present and negotiate complex agreements with brokers.
Effective time management and organizational skills.
Willingness to travel up to 40%.

Skills

Surety products
Marketing
Negotiating
Communication
Strategic thinking
Tactical function
Presenting complex agreements
Negotiating complex agreements
Time management
Organizational skills

Location

Philadelphia PA
New York NY
Princeton NJ
Hartford CT
Remote

Work Type

Full-time

Experience Level

Senior

Education Level

Bachelor’s degree in Business Administration, Economics, Finance, Accounting, or related field

Salary/Compensations

$161,000 - $296,000
plus opportunity for company bonus based upon a percentage of eligible pay

Benefits

Health insurance coverage
Employee wellness program
Life and disability insurance
401k match
Retirement savings plan
Paid holidays
Paid time off (PTO)
Two options for health insurance plan (PPO or High Deductible)
Prescription drug coverage
Vision and dental insurance plans
Basic life insurance equal to 1x annual salary
AD&D coverage equal to 1x annual salary
Short and Long Term Disability coverage
Supplemental Life and AD&D plans
Voluntary Benefit plans (Accident, Critical Illness and Hospital Indemnity)
Robust 401k plan with up to a 5% employer match
100% company funded retirement savings plan
Paid time off that begins with 24 days each year
Eligibility to receive a yearly bonus
Variety of health and wellness programs provided at no cost
Paid time off for eligible family care needs
Tuition assistance
Educational achievement bonuses
Corporate matching gifts program
Paid time off to volunteer in your community

About the Company

Munich Re Specialty - North America is a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise to partners and customers.
Offers a broad range of comprehensive and customized solutions, including casualty, professional lines, property, surety, and public entity coverages.
Has the financial strength and global resources of an A+ Superior (A.M. Best) rated organization, providing unmatched stability and reliability.
Committed to superior service levels, a distinctive approach to specialty solutions, and a deep understanding of complex client risks.
A dynamic and experienced organization shaping the future of specialty insurance in North America.

Equal Opportunity

We are an equal opportunity employer.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.