Regional Commercial Surety Manager

The Opportunity

The Regional Commercial Surety Manager will be responsible for the marketing, underwriting, administration, and overall business development of assigned geographic territory in accordance with the company’s surety business model to meet projected profitability and expense goals. You will serve as lead underwriter for assigned region as front line for the commercial surety line of business. The position supports the Head of Commercial Surety in balancing the needs to achieve budgeted financial results (premium volume, loss ratio, premium collections and expense management including commissions) through sound underwriting practices in an effort to produce profitable results. You will also serve as lead in Book of Business reviews and assist Head of Commercial Surety in portfolio management.

Our value proposition includes embedding significant underwriting authority in the position to create an enhanced, new age customer and broker experience. We will do this by providing an enhanced level of autonomy in the position to allow our regional offices to better service our agents and clients using an agile and lean approach.

Responsibilities

You will develop and execute a strategic business plan in order to expand our surety portfolio and will maintain full P/L responsibility for the regionYou will establish and maintain key surety broker relationships in compliance with guidelines for new and renewal surety businessYou will develop and underwrite a profitable portfolio, coordinate new/renewal business while exercising proper underwriting pricing and discipline in compliance with underwriting guidelines, systems and proceduresYou will hire, develop and train other team members in your region Sr. Underwriters, Underwriters, Associates and Trainees as appropriate.You will collaborate with MRSI surety colleagues in order to fully leverage MRSI surety capabilities and increase our customer base

Job Requirements

Bachelor’s degree in Business Administration, Economics, Finance, Accounting, or related field10+ years or more of progressive experience working with surety productsEntrepreneurial skill set, excellent marketing, negotiating and communication skillsSuccessful track record of developing and maintaining strong relationships with agents/brokersAbility to think strategically and function tacticallyExceptional communication skills that energize and engage brokers, clients and colleagues and the ability to convey a vision and client-focused solutionsAbility to present and negotiate complex agreements with brokersEffective time management and organizational skillsWillingness to travel up to 40%

The Company is open to considering candidates in numerous locations: Chicago, IL; Philadelphia, PA; New York, NY; Atlanta, GA; Boston, MA; Los Angeles, CA or Dallas, TX.