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Core Specialty Insurance Holdings, Inc. · 3 days ago

Underwriting Vice President - Contract Surety

Cincinnati, OH

Contract

Hybrid

Senior Level, Lead/Staff

10+ years exp

Core Specialty Insurance Holdings, Inc. is focused on the development and profitability of the Contract Surety Business Portfolio. The Underwriting Vice President will oversee underwriting risks, develop distribution networks, and collaborate with various departments to enhance business performance and profitability.

InsuranceMarine Transportation

Responsibilities

Provide oversight and assistance in the development of our distribution network of professional surety agents and brokers. Includes periodic travel to build and maintain agent and broker contacts

Assume subject matter expert responsibilities as assigned by divisional President including training and development of direct reports

Underwriting: make determinations as to the appropriateness of account selection, terms, and pricing to support continuous improvement in underwriting results

Distribution Contacts: Actively market to and negotiate with appointed agents and brokers, providing service that supports strong producer relationships. Actively solicit new agent and broker relationships to appoint valuable business growth

Analysis of Opportunities: Evaluate and provide recommendations to senior management for any new exposures and opportunities

Corporate Relationships: Establish strong relationships with home office management and affiliated business support units (IT, Actuarial, Compliance, Claims, etc.)

Cross Selling: Promote the Surety lines of business to other business units and their distribution channels

Competitor Analysis: Gather and analyze competitor information to determine market opportunities

Management Loss Trends: Stay abreast of developing market loss conditions and determine what actions are appropriate to be taken with the existing account portfolio and regarding new account submissions

Regulatory Changes: Monitor legal and regulatory changes and claim development to provide input into account development and portfolio decisions. Discuss findings and recommendations with divisional President

Combined Ratio: Monitor business profitability to maintain loss ratios below selected targets

Production Goals: Work to hit production goals and seek accountability with agents and brokers who fail to achieve production goals

Overall Business Results and Trends: Monitor key metrics of portfolio to detect any emerging trends, loss concentrations, or failure to follow underwriting guidelines by underwriters

Qualification

Contract Surety underwritingAnalytical skillsFinancial data interpretationMicrosoft Office proficiencyCommunication skillsProblem-solving skillsTeam collaborationDetail oriented

Required

Bachelor's degree in accounting, finance, business or related field preferable

Minimum of 10 years of Contract Surety underwriting with a surety company

Must be able to travel up to 20%-30%

Strong written and oral communication skills

Proficiency in Microsoft Office including Word, Excel, Outlook, and Access

Recent demonstrated experience leading and building a surety book of business

Proven analytical, decision-making, and problem-solving skills

Functional in a highly collaborative environment

Ability to work both independently and in a team environment

Proficient and strong analytical skills with the ability to interpret financial data

Detail oriented, organized, and able to handle multiple projects and tasks in a rapidly changing environment

Benefits

Medical, dental, vision, and life insurances

Short and long-term disability

A Company-match of 100% of a 6% contribution 401(k) plan

An Employee Assistance Plan

Health Savings Account

Flexible Spending Account

Health Reimbursement Account

Wellness program

Company

Core Specialty Insurance Holdings, Inc.

Core Specialty, through its subsidiary insurers, offers a diversified range of property, casualty, and marine insurance products for small to mid-sized businesses.

Founded in 2020

Jersey City, New Jersey, USA

1001-5000 employees