Commercial Surety Regional Manager

Posted 42mins ago

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Job Description

Commercial Surety Regional Manager leading underwriting, agency development, and profitability for Core Specialty’s regional portfolio. Managing brokers, risk decisions, talent, and business growth across Texas or Louisiana.

Responsibilities:

  • Serve as lead underwriter for the assigned territory
  • Analyze, evaluate, and approve commercial surety submissions within delegated authority
  • Review financial statements, interim financial reports, work-in-progress schedules, bank agreements, credit reports, tax returns, and other underwriting information
  • Structure and negotiate underwriting terms, collateral requirements, indemnity agreements, and other risk mitigation measures
  • Determine capacity, pricing, and terms for new and renewal business
  • Monitor portfolio performance and take corrective action to achieve profitability objectives
  • Participate in large account reviews and referral discussions
  • Maintain underwriting quality and adherence to company guidelines and authority levels
  • Develop and execute regional marketing and production plans
  • Build relationships with retail and wholesale surety brokers
  • Identify and develop new business opportunities consistent with company risk appetite
  • Conduct agency visits and joint sales calls
  • Represent the company at industry events, agency meetings, conferences, and association functions
  • Drive submission flow and market visibility throughout the territory
  • Establish agency business plans and monitor production goals
  • Maintain relationships with key distribution partners and strategic accounts
  • Own profit and loss results for the assigned region
  • Manage portfolio mix, pricing adequacy, retention, and growth metrics
  • Monitor premium volume, loss ratio, expense ratio, and collection objectives
  • Conduct periodic book reviews to identify trends, opportunities, and emerging risks
  • Evaluate agency performance and manage agency relationships
  • Recommend strategic actions to improve profitability and operational performance
  • Assist senior leadership with budgeting, business planning, and forecasting
  • Recruit, train, mentor, and develop commercial surety underwriters
  • Provide technical underwriting guidance and coaching
  • Assist in establishing underwriting goals and performance expectations
  • Promote underwriting consistency and best practices across the region
  • Participate in succession planning and employee development initiatives
  • Foster a collaborative, performance-oriented culture focused on underwriting excellence and customer service
  • Deliver responsive, solution-oriented service to brokers and insureds
  • Resolve complex underwriting issues and relationship challenges
  • Maintain market visibility and accessibility
  • Collaborate with claims, legal, accounting, and operations departments
  • Travel throughout the territory to maintain agency and client relationships

Requirements:

  • Bachelor’s degree in Business, Accounting, Finance, or related field is required
  • Advanced degree or professional certifications (e.g. AFSB, CPCU, etc.) is preferred
  • Proven experience (typically 5+ years) in underwriting roles within the surety industry
  • Demonstrated success developing agency relationships and generating profitable growth
  • Proven business development and marketing experience
  • Strong knowledge and understanding in commercial surety
  • Strong financial statement analysis and credit underwriting skills
  • Strong negotiation, communication, and presentation skills
  • Ability to exercise independent underwriting judgment
  • Willingness to travel throughout assigned territory
  • Applicants must be authorized to work for any employer in the U.S.
  • Unable to sponsor or take over work authorization sponsorship now or in the future for this position

Benefits:

  • Competitive salary
  • Opportunities for professional development and advancement
  • Medical insurance
  • Dental insurance
  • Vision insurance
  • Life insurance
  • Short-term disability
  • Long-term disability
  • Company-match of 100% of a 6% contribution 401(k) plan
  • Employee Assistance Plan
  • Health Savings Account
  • Flexible Spending Account
  • Health Reimbursement Account
  • Wellness program