Credit, Political Risk & Surety Program Manager

Fortegra•Woodbridge Township, NJ

7h•$150,000 - $180,000•Onsite

About The Position

Fortegra is seeking an experienced Credit, Political Risk & Surety Program Manager to oversee delegated underwriting relationships with MGAs. The role will act as the carrier-side technical lead, ensuring underwriting activity remains within agreed authority, risk appetite and governance standards while supporting disciplined portfolio growth and long-term portfolio performance across UK and US markets. The successful candidate will bring deep experience in structured credit, credit and political risk underwriting, and/or surety, alongside a strong understanding of international insurance and reinsurance market dynamics.

Requirements

10+ years of experience in credit, political risk, surety, structured credit, or related financial risk underwriting
Strong structured credit experience, including analysis of complex financing structures and non-payment risk
Experience managing or underwriting Credit, Political Risk and/or Surety business across UK and US markets
Demonstrated ability to grow and maintain profitable portfolios while maintaining underwriting discipline
Ability to analyse complex transactions and appropriately challenge underwriting decisions
Experience working within delegated authority, MGA or program business structures
Strong portfolio management and aggregate exposure management capabilities
Commercial judgment with the ability to balance growth objectives and risk discipline
Strong communication and stakeholder management skills across underwriting, reinsurance and senior leadership teams
Applicants must be authorized to work for any employer in the United States. We are unable to sponsor or assume sponsorship of employment visas at this time.

Nice To Haves

Knowledge of commercial and contract surety underwriting principles, obligor analysis, and surety portfolio management is preferred
Familiarity with Lloyd's, company market or international specialty insurance environments preferred

Responsibilities

Manage the relationship with the Credit, Political Risk & Surety MGA(s)
Review and approve or decline referred risks based on structure, risk quality, aggregate exposure and portfolio strategy
Ensure adherence to underwriting guidelines, authority levels and program documentation
Monitor portfolio exposures, concentrations, premium development, profitability and losses across UK and US portfolios
Support the growth and maintenance of a diversified and disciplined Credit, Political Risk & Surety portfolio
Coordinate internal stakeholders including underwriting, claims, actuarial, compliance and reinsurance
Oversee reporting quality including bordereaux, exposure management and documentation standards
Support reinsurer discussions through clear articulation of portfolio performance, underwriting controls and market strategy
Identify emerging risks and ensure appropriate escalation and remediation actions
Provide senior management with clear updates on portfolio performance, underwriting trends and risk profile
Contribute to underwriting governance, portfolio optimization and strategic growth initiatives within the Credit, Political Risk & Surety business
Evaluate surety exposures, including commercial and contract surety risks, and monitor portfolio performance against established underwriting and risk management objectives