Cincinnati Financial Corp

Surety Field - Regional Director - Large Contract

Cincinnati Financial Corp • $130K — $200K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in finance, accounting, or economics preferred
  • Minimum of five years of surety underwriting experience with larger contractors
  • Proficiency in Microsoft Excel and basic computer skills
  • Strong organizational and decision-making abilities
  • Excellent written and verbal communication skills
  • Preferred existing agency and contractor relationships for business development
  • Knowledge of financial analysis and construction accounting methods

Responsibilities

  • Manage and develop a large contract surety book for Pennsylvania and New Jersey
  • Identify opportunities and collaborate with agencies to write new accounts
  • Conduct meetings with agents and contractors to foster relationships
  • Evaluate principals for surety credit, both operationally and financially
  • Approve bonds and programs within assigned authority
  • Develop growth and profitability plans for all surety lines
  • Deliver polished presentations to agents and bond principals

Benefits

  • Annual cash bonus and stock incentives based on performance
  • Tools and training for professional development
  • Support for lifelong learning and career advancement
  • Commitment to diversity within the team
  • Focus on strong service and relationship-building with independent agents
Full Job Description
Our Surety Field department seeks a regional director for our Surety Field Operations for Large Contract. This position is for the Pennsylvania and New Jersey territory. This position is fully remote. Starting Pay: The pay range for this position is between $130,000 - $200,000 annually. Pay is based on the applicant's education, experience, location, knowledge, skills and abilities. Eligible associates may also receive an annual cash bonus and stock incentives based on company and individual performance. Be ready to: • manage and develop a large contract surety book for the assigned territory by: • identifying opportunities and working with agencies to write new accounts • conducting meetings with agents and contractors • evaluating principals, operationally and financially, for surety credit • approving bonds and programs within assigned authority • recommending underwriting decisions on bonds or accounts exceeding authority • understanding and employing the company's underwriting approach and philosophy • performing analysis and recording activity in underwriting and administrative systems • appoint new agency relationships that have a core focus on surety development • develop and maintain close agency relationships • display a high degree of professionalism, underwriting expertise and familiarity with the local construction and economic environment • support commercial surety and small contract lines with a hands-on knowledge of related tools, procedures and objectives • develop growth and profitability plans, including cross-selling strategies, for all surety lines • communicate and interact with associates, agencies and customers effectively • give polished surety presentations to agents and bond principals • travel to meet with agents, account executives and bond principals in your assigned territory Be equipped with: • basic computer skills, including proficiency in Microsoft® Excel • strong organizational and decision-making skills • excellent written and verbal communication skills • strong proficiency with financial analysis and knowledge of construction accounting methods • existing agency and contractor relationships that can attract and develop large contract surety business (preferred) • the ability to: • evaluate and interpret bonds, contracts, credit reports and loan agreements • adapt to change • manage multiple, competing tasks • work independently and with others • set and adhere to goals • work as needed to get the job done • deliver superior service Bring education and experience from: • a bachelor's degree (preferably in finance, accounting or economics) • a minimum of five years of surety underwriting experience focusing on larger contractors with higher levels of bond activity • supplemental surety and/or insurance-specific training or knowledge, such as an Associate in Fidelity and Surety Bonding (AFSB), Charter Property Casualty Underwriter (CPCU), or other designations and/or courses of study Enhance your talents Providing outstanding service and developing strong relationships with our independent agents are hallmarks of our company. Whether you have experience from another carrier or you're new to the insurance industry, we promote a lifelong learning approach. Cincinnati provides you with the tools and training to be successful and to become a trusted, respected insurance professional - all while enjoying a meaningful career. Enjoy benefits and amenities Your commitment to providing strong service, sharing best practices and creating solutions that impact lives is appreciated. To increase the well-being and satisfaction of our associates, we offer a variety of benefits and amenities. Embrace a diverse team

About Cincinnati Financial Corp

Cincinnati Financial Corporation is a property casualty insurance company that primarily operates in the Midwest and Southeastern regions of the United States. The company offers a wide range of insurance products, including personal, commercial, and life insurance. Cincinnati Financial Corporation was founded in 1950 and is headquartered in Fairfield, Ohio. The company has a strong financial position and has consistently paid dividends for over 60 years. Cincinnati Financial Corporation is committed to providing excellent customer service and has received numerous awards for its claims handling and customer satisfaction.
Learn more about Cincinnati Financial Corp
Size
5,166 employees
Market Cap
$16.5 billion
Industry
Net Income
$1.2 billion
Founded
1950
5 Year Trend
+12.1%
Revenue
$7.5 billion
NASDAQ

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