VP of Surety
About The Position
An established insurance organization is seeking an experienced Vice President of Surety to lead its Surety Department as part of a planned leadership transition. This is a senior, hands-on leadership role with responsibility for the overall performance, profitability, and operations of the surety business. The Vice President will oversee underwriting, agency relationships, business development, claims, indemnity recovery, regulatory compliance, and departmental operations while helping position the organization for continued growth. The role oversees new and renewal commercial and contract surety underwriting, evaluates financial and credit risks, monitors production and bond exposure, and manages relationships with agencies and other business partners. It also leads surety claims and indemnity recovery efforts, oversees agency appointments and performance, ensures compliance, and develops underwriting and claims professionals. The position is onsite in Atlanta, Georgia, and includes travel as needed for underwriting, agency relationships, claims, and business development. Compensation is open and based on experience.
Requirements
- 10+ years of progressive surety experience.
- Significant hands-on surety underwriting experience.
- Strong knowledge of both Commercial and Contract Surety.
- Experience analyzing financial statements, credit reports, and contractor financial strength.
- Knowledge of bond forms, surety agreements, and construction contracts.
- Understanding of surety claims, contractor defaults, and indemnity recovery.
- Strong agency and broker relationship-management experience.
- Ability to manage both profitability and growth.
- Strong negotiation, communication, leadership, and decision-making skills.
Nice To Haves
- Previous leadership or management experience preferred.
- Bachelor's degree preferred.
- Established agency relationships and the ability to contribute to new business growth are highly desirable.
- Candidates from carriers, MGAs, wholesalers, agencies, or similar surety organizations may be considered.
- Carrier experience is not required if the candidate has extensive surety expertise and a strong understanding of underwriting and relationship management.
Responsibilities
- Lead and manage overall Surety Department operations.
- Oversee new and renewal commercial and contract surety underwriting.
- Evaluate financial statements, creditworthiness, contractor financial strength, and overall risk.
- Monitor production, profitability, bond exposure, and underwriting performance.
- Maintain and strengthen relationships with agents, brokers, contractors, attorneys, consultants, and other business partners.
- Develop new agency relationships and identify opportunities for profitable growth.
- Oversee surety claims, including contractor defaults, investigations, reserves, claim resolution, and litigation.
- Direct indemnity recovery efforts, including collateral demands, settlements, repayment agreements, and legal recovery actions.
- Oversee agency appointments, agreements, and performance.
- Ensure compliance with applicable regulatory, licensing, and reporting requirements.
- Lead, coach, and develop underwriting and claims professionals.
- Prepare reports and recommendations for senior leadership.
- Travel as needed for underwriting, agency relationships, claims, and business development.
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What This Job Offers
Job Type
Full-time
Career Level
Executive
