VP Underwriting, Surety

Chubb; Whitehouse Station (NJ); On-site; USD 120,000 - 180,000; Full time

Job summary

Chubb in the Surety division is seeking a Home Office Surety Underwriting Manager for the National Engineering & Construction Group. Based in Whitehouse Station, NJ or Philadelphia, PA, you will underwrite and manage a portfolio of large, complex construction surety accounts and coordinate with field offices, co-surety partners, producers and customers.

You will lead underwriting activities, mentor staff, and drive revenue growth while ensuring compliance with credit terms and risk controls,

Qualifications

• Experience managing large construction surety portfolios.
• Strong knowledge of credit terms and risk management.
• Ability to mentor and lead underwriting teams.

Responsibilities

• Assist and support the Surety Director in achieving strategic goals and financial targets.
• Underwrite and manage the book of business with independent decision-making within authority.
• Coordinate with field offices, co-surety partners, producers and customers to ensure smooth underwriting.
• Travel as needed to manage account relationships and coach underwriters.

Skills

Underwriting management

Portfolio management

Construction surety

Leadership

Travel ability

Job description

JOB DESCRIPTION

Chubb Surety is currently interviewing for a Home Office Surety Underwriting Manager for the National Engineering & Construction Group. Based in Whitehouse Station, NJ or Philadelphia, PA, the Underwriting Manager will actively underwrite and manage a portfolio of large, complex national/international construction surety accounts, including coordination with Chubb Surety field offices, co-surety partners, producers and customers.

Core Responsibilities:

• Assist and support the Surety Director in achieving strategic goals and financial targets ensuring strong revenue growth based upon market conditions and credit terms.
• Keep Director and informed on accounts experiencing credit difficulties and financial losses. Create well documented account management plans.
• Handle accounts and branches as assigned by Director and actively participate in dual underwriting process. Proactively make sound, well thought out recommendation on plans of action.
• Work effectively in collaborative manner with all constituents in the underwriting process to reach timely conclusion.
• At Surety Director's discretion, act in their absence; demonstrate leadership in their respective area and throughout Surety by acting as a positive role model, promoting developmental goals and strategies.

Underwriting/Credit Management Responsibilities:

• Make independent decisions within given authority regarding the acquisition of new business as well as in the underwriting of existing business.
• Effectively manage the dual underwriting process and assist the underwriters in their dual underwriting activities.
• Work with Surety Director, other Home Office underwriters, Field, Credit Manager, and General Counsel as part of the overall management and underwriting of the book of business.
• Manage the underwriting process to maintain the integrity of the overall surety portfolio
• Ensure accounts comply with credit matrix
• Actively travel as needed to effectively manage account relationships
• Travel with underwriters, as necessary, to assist and coach them in the underwriting process
• Ensure customer underwriting and management plans are in place and actively executed across book of business to retain and grow the business.

Leadership:

• Act as a resource to answer questions, hold discussions and make recommendations on specific underwriting issues and on general underwriting best practices
• Provide product, industry and pricing training to respective area
• Promote and support a diverse, positive, and open work environment by promoting, hiring and retention of diverse candidates, and by encouraging an atmosphere of open communication
• Interview, hire and train new employees in conjunction with Surety Director
• Actively participate as a senior information resource and thought leader both within the department and through regional and national industry associations.

Operations/Service:

• Proactively promote Chubb Surety in the marketplace
• Build and maintain effective relationships with new and existing customers and producers
• Explore opportunities to cultivate new relationships, attend and participate in industry related functions
• In conjunction with Surety Director, establish and implement procedures and policies to ensure exceptional service to both internal and external customers
• Provide quality control for respective area through review of files and the monitoring of adherence to established procedures and practices
• Be responsible, along with Surety Director, for pricing adequacy, underwriting and producer management
• Participate as needed and provide input on special departmental projects