Vice President, Commercial Surety

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Reporting to the President of our Surety Division, the Vice President of Commercial Surety will be responsible for leading and driving the profitability and growth of the business segment within our organization.  You will oversee all aspects of the profit center's operations, including underwriting, product development, distribution channels, pricing strategies, risk management, and customer service. Your strategic vision, leadership, and expertise will be critical in achieving financial targets, enhancing operational efficiency, ensuring regulatory compliance, and fostering a culture of innovation and excellence within the business segment.

Key Accountabilities/Deliverables:

• Develop and implement strategic initiatives and business plan to drive profitable growth and achieve financial objectives for the profit center.

• Manage the financial performance of the business segment, including revenue generation, expense control, budgeting, forecasting, and profitability analysis

• Lead the development of innovative surety product offerings and services tailored to meet the evolving needs of customers and market demands

• Oversee underwriting standards, risk assessment processes, and pricing strategies to maintain an optimal risk portfolio and ensure profitability while managing risk exposure

• Develop and manage distribution channels, including direct sales, brokers, agents, and partnerships, to expand market reach and drive sales growth

• Ensure compliance with regulatory requirements, laws, and industry standards governing the insurance business, including licensing, reporting, and consumer protection

• Build and develop a high-performing team of surety professionals, providing leadership, mentorship, and support to drive employee engagement, productivity, and retention

• Collaborate with internal stakeholders, including executives, departments, and functional teams, to align surety strategies with overall business objectives and priorities

• Monitor market trends, competitive landscape, and customer insights to identify opportunities, mitigate risks, and make informed decisions to maintain a competitive advantage

• Champion a customer-centric approach to deliver exceptional service, satisfaction, and value propositions that differentiate our Commercial Surety offerings in the marketplace

Technical Knowledge and Understanding:

• Deep understanding of surety principles, underwriting practices, regulatory compliance, and market dynamics

• Strong financial acumen with the ability to analyze complex data, assess risk, and make strategic decisions to optimize profitability

• Excellent communication, interpersonal, and negotiation skills, with the ability to influence and collaborate effectively at all levels of the organization

• Demonstrated leadership capabilities in building and managing high-performing teams, fostering a culture of accountability, innovation, and continuous improvement

• Results-oriented mindset with a focus on driving performance, achieving targets, and delivering superior customer experiences

Experience:

• Bachelor’s degree in accounting, finance, insurance, or related field

• 10+ years of experience in Commercial Surety underwriting

• Professional designation such as Associate in Fidelity and Surety (AFSB), Certified Insurance Executive (CIE), Chartered Property Casualty Underwriter (CPCU), etc. or advanced degree is preferred

• Proven track record of leadership and success in senior executive roles within the surety industry

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa for this position.
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At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement.  We offer 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, and a wellness program