Northeast Regional Manager - Commercial Surety

About the Company

Munich Re Specialty - North America is a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise. We offer a broad range of comprehensive and customized solutions, including casualty, professional lines, property, surety, and public entity coverages. Backed by the financial strength and global resources of our A+ Superior (A.M. Best) rated organization, we provide unmatched stability and reliability. Our team is committed to superior service levels, a distinctive approach to specialty solutions, and a deep understanding of the complex risks our clients face.

About the Role

The SVP Northeast Regional Commercial Surety Manager will lead the marketing, underwriting, administration, and overall business development of an assigned geographic territory in alignment with the company’s surety business model to meet projected profitability and expense goals. This role serves as the lead underwriter for the region and supports the Head of Commercial Surety in balancing financial results through sound underwriting practices. The position includes significant underwriting authority to enhance the customer and broker experience, with a focus on autonomy, agility, and lean operations.

Responsibilities

• Develop and execute a strategic business plan to expand the surety portfolio while maintaining full P&L responsibility for the region.
• Establish and maintain key surety broker relationships in compliance with guidelines for new and renewal business.
• Underwrite a profitable portfolio, coordinating new and renewal business while adhering to underwriting guidelines, pricing, and discipline.
• Hire, develop, and train regional team members, including Sr. Underwriters, Underwriters, Associates, and Trainees.
• Collaborate with Munich Re Specialty North America Surety colleagues to leverage capabilities and expand the customer base.
• Lead Book of Business reviews and assist the Head of Commercial Surety in portfolio management.

Requirements

• Bachelor’s degree in Business Administration, Economics, Finance, Accounting, or a related field.
• 10+ years of progressive experience working with surety products.
• Entrepreneurial skill set with excellent marketing, negotiating, and communication skills.
• Proven track record of developing and maintaining strong relationships with agents and brokers.
• Strategic thinker with the ability to execute tactically.
• Exceptional communication skills to engage brokers, clients, and colleagues while conveying a client-focused vision.
• Experience presenting and negotiating complex agreements with brokers.
• Strong time management and organizational skills.
• Willingness to travel up to 40%.

Preferred locations include Philadelphia, PA; New York, NY; Princeton, NJ; Hartford, CT; or remote. The salary range reflects market variations across locations.

Pay

The base salary range for this position is $161,000 - $296,000, with adjustments based on geography. The role also includes eligibility for a company bonus based on a percentage of eligible pay.

Benefits

• Health insurance coverage with two plan options (PPO or High Deductible), including prescription drug coverage.
• Vision and dental insurance plans.
• Basic life insurance equal to 1x annual salary and AD&D coverage at no cost.
• Short- and Long-Term Disability coverage.
• Supplemental Life and AD&D plans available for purchase for employees and dependents.
• Voluntary Benefit plans, including Accident, Critical Illness, and Hospital Indemnity.
• 401k plan with up to a 5% employer match.
• 100% company-funded retirement savings plan.
• Paid time off starting at 24 days per year, increasing with service milestones.
• Paid time off for eligible family care needs and community volunteering.
• Tuition assistance and educational achievement bonuses.
• Corporate matching gifts program for charitable donations.
• Health and wellness programs provided at no cost.