VP, Contract Surety Home Office Underwriting Director

Crum & Forster • Morristown, NJ

6d • Hybrid

About The Position

The Contract Surety Home Office Underwriting Director will be responsible for thoughtful decision-making and furthering underwriting standards, processes, and procedures as a leader in the Contract Surety home office. The Contract Surety Home Office Underwriting Director will report directly to the Surety COO.

Requirements

• Bachelor’s degree or equivalent plus a minimum of 15 years of contract surety experience—prior management/leadership experience required
• Proven ability to decisively manage complex underwriting decisions
• Strong financial analysis and communication skills
• Ability to lead and manage others and build relationships/consensus with internal and external stakeholders
• Travel required as needed (10% +) and must possess a valid driver's license

Nice To Haves

• Construction-related legal or accounting expertise preferred

Responsibilities

• Ensure consistency of underwriting standards across the regional offices and home office underwriting team.
• Monitor accounts for proper rate and capacity compliance. Take corrective or proactive measures as necessary
• Within their authority, make educated underwriting decisions based on recommendations provided by the Contract Surety home office team. Proactively engage Surety leadership on underwriting situations outside of individual authority level.
• Act as a resource and knowledge center for regional and home office underwriters. Disseminate updates on key industry and underwriting issues regularly through multiple channels including written updates, meetings, and video calls. Archive information for future use.
• Act as a primary resource on complex risk accounts, including publicly traded, international, and co-surety scenarios.
• Build, document, maintain, and oversee the necessary underwriting standards and procedures to maintain a loss-free underwriting portfolio. Make recommendations and take ownership of future investments.
• Regularly review the Contract Surety portfolio for changes in credit ratings and out of date underwriting data. Ensure that appropriate action plans are enacted.
• In coordination with Surety leadership, provide any requested underwriting information to C&F leadership and surety reinsurers.
• Responsible for direct management and development of the home office Contract Surety underwriting team (4-6 direct reports).

Benefits

• Flexible work arrangements.
• Competitive compensation package.
• Generous 401K employer match.
• Employee Stock Purchase plan with employer matching.
• Generous Paid Time Off.
• Excellent benefits that go beyond health, dental & vision. Our Wellness programs focus on your family’s complete wellness, including your physical and mental wellbeing
• A core C&F principle is that you manage your career. To support your development, we have a wealth of ways for you to keep learning, including tuition reimbursement, industry related certifications and professional training available to you.
• A dynamic, ambitious, fun and exciting work environment.
• A spirit of social responsibility, matching donation program, volunteer opportunities, and an employee driven corporate giving.

What This Job Offers

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