VP Underwriting

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.

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