Remote Head of Commercial Surety — Growth & Underwriting

Munich Re Specialty - North America; Philadelphia (Philadelphia County); On-site; USD 227,000 - 378,000; Full time

Benefits offered by this job

Health insurance

Employee wellness program

Life and disability insurance

401k match

Retirement savings plan

Paid holidays and PTO

Job summary

Munich Re Specialty - North America seeks a Head of Commercial Surety to lead underwriting, risk management, and business development for the commercial surety line. You will drive profitability through sound underwriting, portfolio management, and strategic relationships with regional offices, brokers, and clients.

The role entails providing underwriting authority, supporting regional managers, and overseeing renewals, bond requests, and broker relations while aligning with the company’s Surety

Qualifications

• Bachelor’s degree required or equivalent experience.
• 10+ years of progressive experience in commercial surety.
• Proven track record developing and maintaining strong broker/agent relationships.
• Ability to think strategically and act tactically.
• Excellent communication and negotiation skills.
• Strong time management and organizational abilities.
• Willingness to travel up to 30%.

Responsibilities

• Develop and execute a strategic business plan to expand the commercial surety portfolio with full P/L responsibility.
• Assist Regional Bond Managers to establish and maintain key surety broker relationships.
• Develop risk and portfolio management tools to meet department goals and manage risk.
• Underwrite and manage referrals exceeding field authority, including renewals and bond requests.
• Evaluate bond forms, contracts, and documents to assess risk.
• Coordinate with home office personnel for joint ventures or co-surety arrangements.
• Collaborate with MRSI surety colleagues to leverage capabilities and grow customers.
• Interact with field offices, reinsurers, and other stakeholders to manage workflow and maintain standards.
• Participate in senior management decisions on underwriting procedures and policy.

Skills

Entrepreneurial

Marketing

Negotiating

Communication

Relationship building

Strategic thinking

Client-focused solutions

Time management

Education

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

Job description

Munich Re Specialty - North America seeks a Head of Commercial Surety to lead underwriting, risk management, and business development for the commercial surety line. You will drive profitability through sound underwriting, portfolio management, and strategic relationships with regional offices, brokers, and clients.

The role entails providing underwriting authority, supporting regional managers, and overseeing renewals, bond requests, and broker relations while aligning with the company’s Surety