We currently have an opportunity for a Contract Surety Underwriting Manager to join our Contract Surety team in Northern California, Southern California or Denver, CO. The assigned territory will be based on the location to hire. The position manages and underwrites risks including the selection and rejection of new and renewal business for contract surety accounts within the highest underwriting authority levels. Develops and executes strategic initiatives that contribute to the growth and profitability for a book of business in an assigned territory. Focus is typically on new business production and middle market account management. Develops superior working relationships with producers to successfully promote achievement of mutual growth and profitability goals. Viewed as a senior resource and may act as a technical expert for a particular line of business. Acts as a coach or mentor to junior members of the department.
Responsibilities
Manages financial performance of all assigned products in assigned territory or region including: accident year loss ratio, premium plans (including new business, retention, and rate/exposure increases), commission targets, staffing model, and oversight of portions of the budget.
Manages assigned staff, including development, goal setting, skill assessment, staff selection, role alignment, and performance appraisals of staff. Provides frequent communication and measurement of corporate, regional and local goals. Oversees training and personal development programs within the group.
Manages underwriting quality and book management, which includes: executing underwriting strategy (including portfolio management), self-auditing new and renewal business (eligibility, class fit, price to exposure, use of pricing tools, deductibles, insurance to value, analysis of losses, and well documented approvals of underwriting edits). Ensures compliance with standards and authorities are being met. Identifies and analyzes book trends, and manages catastrophe plans.
Depending on line of business or segment may have responsibility for driving new business production results for assigned territory by underwriting a book of business. This includes writing new business, identifying program opportunities and maintaining high level agency relationships within their assigned producer plant.
Oversees agency relationships in an assigned region. Frequently travels to key producers, fosters agency relationships and remains highly visible in the marketplace. Participates in agency planning and communicates/monitors agency action plans along with underwriters as needed. Oversees agency auditing, producer training support, and assists underwriters with agency authority management.
Maintains a strong professional knowledge of competitive, regulatory and legal environments within the territory or region and applies this information effectively. Consults with other businesses or Home Office staff and may participate on related projects and committees. Participates in industry events as a subject matter expert and representative of the company.
Provides strategic and tactical input to Management regarding products, book of business and/or region. Determines and make recommendations for marketing, pricing, products and systems.
Requirements:
Expert knowledge of technical underwriting, pricing, and coverage issues.
Must have proven analytical, decision making, problem-solving, communication, organization, and teamwork skills.
Must be able to interpret and contribute to company and business unit financials.
Exceptional management skills, including informal training and formal development of staff.
High level of sales and relationship building skills. Maintains strong professional knowledge of legislative issues, industry trends and marketplace issues within the territory or region.
Must be proficient with Microsoft Office suite and underwriting systems.
Education and Experience:
Bachelor’s degree or equivalent experience and training preferred.
7-10 years or progressively more complex contract surety underwriting experience.
3-5 years of supervisory experience, preferred.
Professional insurance designation is preferred(AFSB, CPCU)
Our salary ranges are determined by many factors including location, role, experience and skillset of the candidate. The following ranges displayed reflect the target base salary for new hires, but your recruiter will share more specific compensation information with you during the hiring process. The typical base salary range for this position is: $147,000 – $196,000, based on the factors aforementioned. For candidates located in San Francisco, CA; Hoboken, NJ; and the New York City metro area, the base salary range is $172,000 -$201,000. In addition to base salary, full time Intact employees are also eligible for bonus potential and a full range of benefits to include: 401(k) savings and annual contributions of up to 12% of annual salary, competitive paid time off programs, medical, vision and dental plans, mental health support programs, life and disability insurance, paid parental leave and a variety of voluntary benefits.
Job Number
2590BR
Division
Intact Surety Group
Location
Los Angeles CA
Location(s)
California, Denver CO, Los Angeles CA, Remote, San Francisco CA
About Us
At Intact Insurance Specialty Solutions we are experts at what we do. Our deep understanding of the specialty insurance market is the foundation for our customized solutions, backed by targeted risk control and claims services. Our employees are passionate about providing insurance coverage that’s aligned to our targeted customer groups. Today, we help protect over a dozen industries with tailored coverages and services.
Seniority level
Mid-Senior level
Employment type
Contract
Job function
Finance and Sales
Industries
Insurance, Financial Services, and Software Development
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