Surety Midwest - Bond Manager

Frankenmuth Insurance Company

About The Position

Under limited supervision and with independent judgment, the Bond Manager is responsible for contributing to and executing a strategic plan to achieve targeted production and profit results. Responsible for leadership of assigned territory, including the development of staff and perpetuation of the corporate culture, promulgation of underwriting and risk management procedures, implementation and oversight of underwriting and use of authority management, and loss control. This position will have direct reports when feasible.

Requirements

Ability to work legally in the United States.
No visa sponsorship/support is available for this position, including for any type of U.S. permanent residency (green card) process.

Responsibilities

Oversees the profitability, growth, and service levels of an assigned territory by managing the agency plant and marketing within the construction community.
Leads the underwriting function, including risk selection, pricing, and monitoring of business in conformity with the surety reinsurance treaty.
Underwrites business that falls outside staff underwriters’ authority limits.
Contributes to the development of underwriting policies, procedures, and models, and assists in the development of long-range goals and objectives.
Responsible for the review and approval of all non-standard and/or private bond forms.
Travels with underwriters to facilitate customer development.
Analyzes activities, costs, operations, and other data to measure progress toward territory goals.
Assists senior surety leadership with the development and communication of vision as well as strategic and operational plans.
Adheres to underwriting guidelines.
Provides monthly reporting for activity of prior month.
Conducts portfolio reviews on a quarterly basis.
May serve as a supervisor of a business unit, including recommending and communicating goals, assigning tasks, developing and implementing operational plans and procedures, training, coaching and leading staff, preparing and/or reviewing performance appraisals, conducting performance review meetings, and recommending and/or implementing employment actions.
May serve as a contributing member or leader of project team(s), coordinating resources to ensure achievement of project goals.
Performs other duties as assigned.