Surety Underwriting Manager responsible for overseeing underwriting, profitability, growth, and retention of new and renewal business. Hiring and mentoring staff of Account Executives to achieve company goals.
Responsibilities
The Surety Underwriting Manager is responsible for underwriting, profitability, growth and retention of new and renewal business that is consistent with underwriting strategies within an assigned territory.
Hires, develops and retains staff of Account Executives with emphasis on development through guidance and mentoring.
Establish individual Account Executive territory goals in support of established territory goals.
Evaluate staff to identify skills and training needs; create opportunities to expand roles to match employee strengths or address weaknesses.
Provide both formal and informal feedback on a regular basis.
Manage territorial underwriting functions to achieve profit, revenue, loss ratio, and expense targets.
Ensure effective execution of Selects Best Practices, including Underwriting, Workflow and Playbook.
Ensure a quality underwriting work product is produced consistent with letters of authority, underwriting strategy, standards and process.
Participate in broker planning process as prescribed by the Broker Planning Best Practice.
Develop and maintain relationships internal resources (Claim, RC, Premium Audit etc.) to coordinate the services to Select Accounts customers.
Requirements
University degree with insurance concentration.
Extensive knowledge of product, operations, and agency distribution.
People management experience.
Strong business acumen, including: critical thinking skills, quantitative reasoning, communication skills and time management skills.
Demonstrated ability to effectively manage change.
Ability to influence senior leadership and make recommendations.
Five years Underwriting experience.
Benefits
Health Insurance: Employees and their eligible family members – including spouses, partners, and children – are eligible for coverage from the first day of employment.
Retirement: Travelers provides a core contribution of 3% of your total eligible earnings to your Deferred Profit Sharing Plan (“DPSP”). Travelers also matches your savings plan contribution dollar-for-dollar up to 5% of base pay.
Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off (“PTO”) annually, plus the opportunity to purchase additional days to allow for up to a total of 36 PTO days per year. You will also receive twelve paid company Holidays.
Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.
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