AVP, Bond SBU Underwriting (Hybrid)

Selective Insurance Company of America • Short Hills, NJ

6d • Hybrid

About The Position

Partners with VP, Bond SBU, establishes underwriting guidelines and philosophy for all lines of bond business. Monitors all business written and underwrites bonds/accounts that exceed field authority. Works in conjunction with the Field Operations Manager to assist in the production and retention of profitable business. Works with reinsurers on special acceptance requests and on the annual reinsurance review/renewal process. Conducts field audits. Educates/trains new bond employees, AMS, and producers. Works with bond management to develop better understanding of underwriting metrics for reducing risk. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.

Requirements

• Strong customer service skills. Demonstrate ability to develop exceptional relationships with P&C regional management. Demonstrate consistency when dealing with clients. Excellent sales and negotiation skills. Strong problem-solving ability and excellent presentation skills. Must have a valid state-issued driver’s license in good standing and be able to drive an automobile.
• College degree in accounting, finance, business administration, marketing or related field preferred.
• Minimum 8-10 years of bond underwriting and field experience.
• Strong computer skills including and MS Office applications.
• Strong analytical skills required.

Nice To Haves

• AFSB, AU, CPCU preferred.

Responsibilities

• Monitors bond production and ensures compliance with company’s underwriting philosophy and procedures. Underwrites accounts that exceed field authority.
• Works with VP, Bond SBU to establish underwriting philosophy and guidelines. Evaluates losses and loss trends and adjust guidelines accordingly. Support and promote Bond team values.
• Assists in the production of new business and retaining profitable business. Operates methodically and logically under time pressure and agency/account pressure.
• Evaluates creditworthiness of accounts and identifies and communicates weaknesses. Uses this information to support final underwriting decisions.
• Recommends, organizes, and implements workflow and/or procedural changes affecting the Bond Strategic Business Unit (SBU). Responsible for overseeing of proper maintenance, production support and enhancements to automated systems in support of overall business objectives of the Bond SBU.
• Provides training and knowledge sharing opportunities to bond staff, AMS, and producers. Keeps abreast of market conditions affecting the bond industry, and adjusts training accordingly.
• Establishes annual criteria for branch audits. Conducts audits and reports audit findings to senior bond management. Responsible for completing Quality Assurance Audit and Reports on a quarterly basis.
• Works closely with reinsurers on special acceptance requests and during annual reinsurance review.
• Works with regional and territory bond managers to review and update business metrics.
• Must be able to drive an automobile to travel within territory. Car travel represents approximately 20% of employee’s time and a valid driver’s license.

Benefits

• Selective Insurance offers a total rewards package that includes a competitive base salary, incentive plan eligibility at all levels, and a wide array of benefits designed to help you and your family stay healthy, achieve your financial goals, and balance the demands of your work and personal life. These benefits include comprehensive health care plans, retirement savings plan with company match, discounted Employee Stock Purchase Program, tuition assistance and reimbursement programs, and 20 days of paid time off.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees