Commercial Surety Underwriting Leader

Munich Reinsurance America, Inc; Philadelphia (Philadelphia County); Remote; USD 227,000 - 378,000; Full time

Benefits offered by this job

Health insurance

Wellness program

Life and disability insurance

401k match

Retirement savings plan

Paid holidays and PTO

Job summary

Munich Reinsurance America, Inc is hiring a Head of Commercial Surety to lead underwriting, risk management, administration, and business development for the commercial surety line in NA. You will serve as lead underwriter, balance budgeted results, and drive profitable growth through sound underwriting and broker relationships.

The role embeds underwriting authority to improve customer and broker experiences, with opportunities to collaborate across regional offices and with MRSI teams.

Qualifications

• Bachelor's degree in business, economics, finance, accounting or related field.
• 10+ years of progressive experience in commercial surety.
• Entrepreneurial mindset with strong marketing, negotiating and communication skills.
• Proven track record of developing and maintaining relationships with agents/brokers.
• Strategic thinking with tactical execution and strong time management.
• Willingness to travel up to 30%.

Responsibilities

• Develop and execute a strategic business plan to expand the commercial surety portfolio and maintain full P/L responsibility.
• Assist Regional Bond Managers to establish and maintain key surety broker relationships.
• Develop risk management and portfolio management tools to meet objectives and control risk.
• Underwrite and manage referrals of commercial surety accounts exceeding field authority.
• Evaluate bond forms and contracts to assess risk.
• Coordinate communications with home office and joint venture or co-surety arrangements.
• Collaborate with MRSI surety colleagues to leverage capabilities and grow customers.
• Interact with field offices, Home Office, reinsurers and other partners to maintain workflow and standards.
• Participate in senior management decisions on underwriting procedures and policy.

Skills

Strategic thinking

Relationship building

Negotiation

Communication

Time management

Entrepreneurial mindset

Business development

Education

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

Job description

Munich Reinsurance America, Inc is hiring a Head of Commercial Surety to lead underwriting, risk management, administration, and business development for the commercial surety line in NA. You will serve as lead underwriter, balance budgeted results, and drive profitable growth through sound underwriting and broker relationships.

The role embeds underwriting authority to improve customer and broker experiences, with opportunities to collaborate across regional offices and with MRSI teams.