Managing Director - Construction Surety

Travelers • Dallas, TX

2d

About The Position

Bond & Specialty Insurance provides management and professional liability insurance, as well as surety bonds to businesses and non-profit organizations of all sizes. As an underwriter, you will have a dynamic role that blends evaluating and analyzing financial and business risk, building relationships, and selling and negotiating with clients, agents, and brokers. This role is part of the Construction Services team which provides surety bonds to public and private owners of construction projects. Underwriters also analyze business operations, financial statements and evaluate market forces to provide consultative services to contractors. The Managing Director (MD) will lead a team of underwriters who partner with agents and brokers to provide insurance or surety solutions to customers. An MD will analyze and evaluate risk to achieve business goals within an their individual and teams assigned book of business. As an MD, you are strategic, decisive, detail-oriented, and possess a keen ability to understand distribution management, optimize underwriting assignments, and see the 'big picture' perspective in order to drive opportunities. Leveraging differences of talent and fostering an inclusive work environment, you will engage, inspire, and develop top talent and grow a successful team that contributes to the profitability and success of Travelers.

Requirements

• Six years of underwriting experience.

Nice To Haves

• Bachelor’s degree.
• Eight to ten years of applicable underwriting experience.
• Prior experience leading or managing others.
• Expert level knowledge of products, ability to effectively communicate the regulatory environment, and through understanding of the local insurance and surety markets.
• Strong critical thinking skills with the ability to underwrite, market products, identify financial challenges, and analyze available information to make decisions in alignment with our risk appetite.
• Ability to create and execute strategic direction across assigned region.
• Excellent communication skills with the ability to successfully negotiate in difficult situations with agents and brokers.

Responsibilities

• Manage the profitability, growth, and retention of business within a location or region while managing a team of underwriters.
• Partner with RVP and Home Office to execute business unit underwriting strategies to effectively achieve profit and growth objectives
• Collaborate in the underwriting process.
• Support relationships with internal partners within the business unit and across the enterprise.
• Successfully manage the business at a portfolio level including underwriting profitability and relationship management.
• Lead and support team while providing strategic direction, coaching, training, and performance management.
• Perform other duties as assigned.

Benefits

• Health Insurance : Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment.
• Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
• Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
• Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 5,001-10,000 employees