The opportunityWe currently have an opportunity for a Senior Underwriting Director to join our Contract Surety team working remotely in Florida. This position directs effective product development, pricing and underwriting through managing all components of profit, loss, and expenses for our largest, and/or most complex product lines. Oversees multiple regions/product lines within a significant specialty Business. Surety is a specialized area of the insurance industry that provides financial guarantees to ensure obligations are met. At its core, Surety helps businesses and organizations build trust and maintain compliance. This role is on our Contract Surety team, which is designed for construction and infrastructure projects, these bonds guarantee that contractors will fulfill their contractual obligations. Common examples include supply/install bonds, performance bonds, and payment bonds. Some of the Senior Underwriting Director duties include but are not limited to:
- Responsible for the financial performance of a large and/or most complex product line including loss ratio, premium plans and commission targets. Achieves profitability and growth goals through the development and execution of annual strategic plan including specific underwriting, pricing, retention, service, and expense plans.
- Analyzes book trends and manages catastrophe plans. Analyzes data on competitors' products, programs, and pricing levels. Implements new pricing levels and product modifications. Enhances existing products and programs. Maintains a strong professional knowledge of regulatory and legal environments. Communicates and acts on this information effectively.
- Develops methods for building and mobilizing a technically competent and highly effective staff capable of meeting current and future needs of the corporation through highly effective leadership and human resources management.
- Ensures compliance with underwriting standards and authorities. Has ultimate underwriting authority for the Surety line of business. Directs underwriting decisions in compliance with state laws.
- Directs in the creation of underwriting guidelines, product and coverage forms or system modifications. Is recognized in the company and in the industry as the subject matter expert on a particular Specialty line of business.
- Monitors corporate results, develops and implements actions as needed. Establishes profit, growth and operating objectives as part of the overall plan for Specialty Lines segment(s).
- Participates in producer presentation meetings, including travel to key producers. Maintains high level producer relationships. Effectively leads the strategic direction of the company and the Specialty line of business to external audiences.
- Directs, manages, and develops Management staff. This includes goal setting, assessment, staff selection, role alignment and completion of performance appraisals. Responsible for overall communication of goals and priorities.
The expertise you bring- Bachelor's degree required.
- 10 years Surety bond experience or related education/experience.
- Minimum 5-7 Supervisory/Management years of experience required.
- MBA, AFSB designation highly desirable
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; however, your recruiter will provide more specific compensation details during the hiring process. The typical base salary range for this position is: $278,000 - $326,000, based on the factors aforementioned. For candidates located in San Francisco, CA; Washington DC; our Massachusetts based offices and the New York City metro area, the base salary range is $278,000 - $326,000. In addition to base salary, full time Intact employees are also eligible for bonus potential and a full range of benefits to include but not limited to:
- Comprehensive medical, dental and vision insurance with no waiting period
- Competitive paid time off programs
- 401(k) savings and annual contributions of up to 12% of annual salary
- Mental health support programs, life and disability insurance, paid parental leave and a variety of additional voluntary benefits
This position will remain posted until a final candidate is selected. Once the role is filled, this job posting will be removed.
