VP Underwriting, Surety

Core Responsibilities

• Aid and support the Surety Director in achieving strategic goals and financial targets.
• Inform the Director about accounts experiencing credit difficulties and financial losses.
• Create well-documented account management plans.
• Proactively 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 conclusions.
• Act in the Director's absence; demonstrate leadership in their respective area and throughout Surety by acting as a positive role model, promoting developmental goals and strategies.

Underwriting/Credit Management Responsibilities

• 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 the 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.
• Ensure customer underwriting and management plans are in place and actively executed across the book of business to retain and grow the business.

Leadership

• 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 the respective area.
• Promote and support a diverse, positive, and open work environment by promoting, hiring, and retaining diverse candidates, and by encouraging an atmosphere of open communication.
• Interview, hire, and train new employees in conjunction with the Surety Director.
• Actively participate as a senior information resource and thought leader both within the department and through regional and national industry associations.

Operations/Service

• 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 the Surety Director, establish and implement procedures and policies to ensure exceptional service to both internal and external customers.
• Provide quality control for the respective area through review of files and the monitoring of adherence to established procedures and practices.
• Be responsible, along with the Surety Director, for pricing adequacy, underwriting, and producer management.
• Participate as needed and provide input on special departmental projects.

Qualifications

• Bachelor's degree required.
• 10+ years of surety underwriting experience preferred.
• Legal/accounting experience preferred.
• Excellent written and oral communication skills.
• Advanced leadership and interpersonal skills.
• Exceptional organizational skills.
• Demonstrated ability to make difficult credit and producer management decisions.

Pay Range

The pay range for the role is $139,000 to $201,000. The specific offer will depend on an applicant’s skills and other factors.

About Us

Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise, and local operations globally. At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment, and retaliation against any individual who reports discrimination or harassment.