Surety Field - Regional Director - Large Contract

Cincinnati Financial • Philadelphia, PA

4d • $130,000 - $200,000 • Remote

About The Position

The Cincinnati Insurance Companies is seeking a Regional Director for Surety Field Operations, Large Contract, covering Pennsylvania and New Jersey. The position is fully remote and is responsible for managing and developing a large contract surety book in the assigned territory. This includes building agency and contractor relationships, evaluating surety credit, underwriting and approving bonds within assigned authority, and recommending decisions on accounts that exceed that authority.

The Regional Director also supports commercial surety and small contract lines, develops growth and profitability plans across surety lines, communicates and presents to agents and bond principals, and travels within the territory to meet with agents, account executives, and bond principals. The stated annual pay range is $130,000–$200,000. Eligible associates may also receive an annual cash bonus and stock incentives based on company and individual performance.

Requirements

• Bachelor’s degree; preferably in finance, accounting, or economics.
• At least five years of surety underwriting experience focused on larger contractors with higher levels of bond activity.
• Basic computer skills, including proficiency in Microsoft Excel.
• Strong organizational and decision-making skills.
• Excellent written and verbal communication skills.
• Strong proficiency in financial analysis and knowledge of construction accounting methods.
• Ability to evaluate and interpret bonds, contracts, credit reports, and loan agreements.
• Ability to adapt to change, manage multiple competing tasks, work independently and with others, set and adhere to goals, work as needed to get the job done, and deliver superior service.

Nice To Haves

• Existing agency and contractor relationships that can attract and develop large contract surety business.
• Supplemental surety and/or insurance-specific training or knowledge, such as an Associate in Fidelity and Surety Bonding (AFSB), Charter Property Casualty Underwriter (CPCU), or other designations and/or courses of study.

Responsibilities

• Manage and develop a large contract surety book for the assigned territory.
• Identify opportunities and work with agencies to write new accounts.
• Conduct meetings with agents and contractors.
• Evaluate principals operationally and financially for surety credit.
• Approve bonds and programs within assigned authority.
• Recommend underwriting decisions on bonds or accounts exceeding assigned authority.
• Understand and employ the company’s underwriting approach and philosophy.
• Perform analysis and record activity in underwriting and administrative systems.
• Appoint new agency relationships with a core focus on surety development.
• Develop and maintain close agency relationships.
• Display professionalism, underwriting expertise, and familiarity with the local construction and economic environment.
• Support commercial surety and small contract lines with hands-on knowledge of related tools, procedures, and objectives.
• Develop growth and profitability plans, including cross-selling strategies, for all surety lines.
• Communicate and interact effectively with associates, agencies, and customers.
• Give polished surety presentations to agents and bond principals.
• Travel to meet with agents, account executives, and bond principals in the assigned territory.

Benefits

• Eligible associates may receive an annual cash bonus and stock incentives based on company and individual performance.
• The company offers a variety of benefits and amenities to support associate well-being and satisfaction.
• The company provides tools and training to support associates’ success and ongoing learning.

What This Job Offers

• Job Type: Full-time
• Career Level: Director