VP Underwriting

Chubb•Readington Township, NJ

14h•$139,000 - $201,000•Hybrid

About The Position

Chubb Surety is currently interviewing for a Home Office Surety Underwriting Manager for the National Engineering & Construction Group. Based in Whitehouse Station, NJ or Philadelphia, PA, the Underwriting Manager will actively underwrite and manage a portfolio of large, complex national/international construction surety accounts, including coordination with Chubb Surety field offices, co-surety partners, producers and customers.

Requirements

Actively underwrite and manage a portfolio of large, complex national/international construction surety accounts
Coordinate with Chubb Surety field offices, co-surety partners, producers and customers
Achieve strategic goals and financial targets
Ensure strong revenue growth based upon market conditions and credit terms
Manage accounts experiencing credit difficulties and financial losses
Create well documented account management plans
Handle assigned accounts and branches
Actively participate in dual underwriting process
Make sound, well thought out recommendations on plans of action
Work effectively in a collaborative manner with all constituents in the underwriting process to reach timely conclusion
Demonstrate leadership in respective area and throughout Surety
Act as a positive role model, promoting developmental goals and strategies
Make independent decisions within given authority regarding the acquisition of new business as well as in the underwriting of existing business
Effectively manage the dual underwriting process and assist underwriters in their dual underwriting activities
Work with Surety Director, other Home Office underwriters, Field, Credit Manager, and General Counsel as part of the overall management and underwriting of the book of business
Manage the underwriting process to maintain the integrity of the overall surety portfolio
Ensure accounts comply with credit matrix
Actively travel as needed to effectively manage account relationships
Travel with underwriters, as necessary, to assist and coach them in the underwriting process
Ensure customer underwriting and management plans are in place and actively executed across book of business to retain and grow the business
Act as a resource to answer questions, hold discussions and make recommendations on specific underwriting issues and on general underwriting best practices
Provide product, industry and pricing training to respective area
Promote and support a diverse, positive, and open work environment by promoting, hiring and retention of diverse candidates, and by encouraging an atmosphere of open communication
Interview, hire and train new employees in conjunction with Surety Director
Actively participate as a senior information resource and thought leader both within the department and through regional and national industry associations
Proactively promote Chubb Surety in the marketplace
Build and maintain effective relationships with new and existing customers and producers
Explore opportunities to cultivate new relationships, attend and participate in industry related functions
Establish and implement procedures and policies to ensure exceptional service to both internal and external customers
Provide quality control for respective area through review of files and the monitoring of adherence to established procedures and practices
Be responsible for pricing adequacy, underwriting and producer management
Participate as needed and provide input on special departmental projects

Responsibilities

Assist and support the Surety Director in achieving strategic goals and financial targets ensuring strong revenue growth based upon market conditions and credit terms.
Keep Director and informed on accounts experiencing credit difficulties and financial losses. Create well documented account management plans.
Handle accounts and branches as assigned by Director and actively participate in dual underwriting process. Proactively make sound, well thought out recommendation on plans of action.
Work effectively in collaborative manner with all constituents in the underwriting process to reach timely conclusion.
At Surety Director’s discretion, act in their absence; demonstrate leadership in their respective area and throughout Surety by acting as a positive role model, promoting developmental goals and strategies.
Make independent decisions within given authority regarding the acquisition of new business as well as in the underwriting of existing business.
Effectively manage the dual underwriting process and assist the underwriters in their dual underwriting activities.
Work with Surety Director, other Home Office underwriters, Field, Credit Manager, and General Counsel as part of the overall management and underwriting of the book of business.
Manage the underwriting process to maintain the integrity of the overall surety portfolio
Ensure accounts comply with credit matrix
Actively travel as needed to effectively manage account relationships
Travel with underwriters, as necessary, to assist and coach them in the underwriting process
Ensure customer underwriting and management plans are in place and actively executed across book of business to retain and grow the business.
Act as a resource to answer questions, hold discussions and make recommendations on specific underwriting issues and on general underwriting best practices
Provide product, industry and pricing training to respective area
Promote and support a diverse, positive, and open work environment by promoting, hiring and retention of diverse candidates, and by encouraging an atmosphere of open communication
Interview, hire and train new employees in conjunction with Surety Director
Actively participate as a senior information resource and thought leader both within the department and through regional and national industry associations.
Proactively promote Chubb Surety in the marketplace
Build and maintain effective relationships with new and existing customers and producers
Explore opportunities to cultivate new relationships, attend and participate in industry related functions
In conjunction with Surety Director, establish and implement procedures and policies to ensure exceptional service to both internal and external customers
Provide quality control for respective area through review of files and the monitoring of adherence to established procedures and practices
Be responsible, along with Surety Director, for pricing adequacy, underwriting and producer management
Participate as needed and provide input on special departmental projects