VP, Commercial Surety
N
NationwideCommercial Surety, Insurance
United StatesFull-TimeVp
Salary207,750 - 346,250 USD per year
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Job Details
- Experience
- Minimum of 15 years of Underwriting/Marketing/Leadership experience in the surety bond marketplace.
- Required Skills
- Business DevelopmentRisk Management
Requirements
- Minimum of 15 years of underwriting, marketing, or leadership experience in the surety bond marketplace.
- Significant experience leading Commercial Surety underwriting operations and managing large, complex surety programs.
- Demonstrated success in developing and executing underwriting strategies, risk appetite frameworks, and portfolio management.
- Proven track record leading geographically dispersed underwriting teams and developing future underwriting leaders.
- Experience managing P&L or direct financial accountability for a business segment.
- Experience working with brokers, agents, and key distribution partners to optimize market presence.
- Experience managing reinsurance relationships and negotiating treaty structures.
- Strong knowledge of surety bond marketplace, broker/agency systems, and state/local filing systems.
- Bachelor’s degree in a related field; Master’s degree preferred.
- CPCU and AFSB designations are helpful.
- Ability to travel frequently.
Responsibilities
- Provide executive leadership for the Commercial Surety line of business to drive profitable growth and market expansion.
- Develop and maintain executive-level relationships with agencies, brokers, producers, and industry stakeholders.
- Establish underwriting philosophy, risk appetite, authority structures, and governance frameworks.
- Oversee portfolio performance, pricing strategies, capacity utilization, and underwriting results.
- Accountable for achieving financial objectives including premium growth, profitability, retention, and expense management.
- Lead a team of Home Office and Regional Directors, fostering a high-performance culture.
- Provide strategic direction for product development, policy form enhancement, and regulatory filings.
- Lead underwriting transformation, technology implementation, and predictive modeling initiatives.
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