Regional VP, Surety

Amynta GroupGlastonbury, CT, US

30+ days ago

Job type

Full-time

Job description

Amynta Group Job Opportunity

We're thrilled that you are interested in joining us here at the Amynta Group!

Individuals employed by Amynta Surety Solutions who hold this position are responsible for successfully executing their responsibilities as they relate to the US Surety business line which include but are not limited to :

Provide underwriting leadership and oversight of assigned offices / geography / underwriters.
Provide leadership and strategic direction setting to assigned offices / geography / underwriters.
Drives culture of ownership relative to production, underwriting and portfolio management within assigned offices / geography / underwriters.
Macro-level portfolio management responsibility for all exposures associated with assigned offices / geography / underwriters.
Meet / Exceed financial goals.
Travel for underwriting purposes as needed.
Will have knowledge in target industry sectors including but not limited to : Renewable Energy, Healthcare, Public Utilities, Industrials, Technology, Manufacturing, Transportation, Waste Services, Insurance and Financial Services.

Responsibilities include :

Review, negotiate and accept or decline submitted business (accounts, bonds) from assigned offices / underwriters and work with Executive Vice President and others where additional authority or approvals are needed.

Approve and extend account level field authority via ALOC process.

Adherence to Amynta's AUP and PPD document standards as respects underwriting, pricing, file maintenance and account monitoring.

Continuously monitor portfolio of accounts using proactive diary to ensure information is up to date and respond where necessary to deteriorating account condition or failure to meet terms and conditions requirements.

Attend and lead critical account discussions during Surety Portfolio Reviews. Ownership of post-Portfolio Review Account Remedial Action Plans and Objectives.

Oversee the submission of internally submitted opportunities that require Global Head's authority.

Work with territorial staff to ensure submissions and underwriting recommendations are of adequate quality.

Work with territorial staff to ensure EFC file documentation / management, ABS system data maintenance and Capital IQ Watch List management are adequate, up to date and meet the Surety AUP standards.

Support market associations as warranted by attending important events (NASBP, SFAA, RIMS) as agreed.

Provide broker and client facing underwriting support through visits to assigned offices as needed.

Communicate as necessary with territorial staff regarding issues of importance and direct business / broker relations activities that may impact assigned territory.

Work with SVP Field Operations to ensure territorial support needs are adequately supported, assist with the establishment of performance goals and contribute to the year-end performance reviews of staff within assigned underwriting territory.

Contribute to and work with various Amynta initiatives and Department staff.

Support Associate Underwriting staff by ensuring business in assigned territories are supported by accurate and up to date information.

Review monthly Department control reports for accuracy of data including bond booking line-cards, account listing, expired authority listing, Watch List and Collateral Index. Accuracy of information and real time EFC management are critical responsibilities.

Alert Executive Vice President immediately where there is a material deterioration in account status or condition including claim notices.

Owns outcomes. Owns work-outs, defaults, and bankruptcies by actively collaborating with Surety Claim and Account Underwriter to minimize / mitigate claim exposure.

Operate as an effective team member by supporting colleagues and contributing to the delivery and achievement of overall team and business objectives including extensive travel.

The Amynta Group (the "Company") is committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of any ground of discrimination protected by applicable human rights legislation. The information collected is solely used to determine suitability for employment, verify identity and maintain employment statistics on applicants.

Applicants with disabilities may be entitled to reasonable accommodation throughout the recruitment process in accordance with applicable human rights and accessibility legislation. A reasonable accommodation is an adjustment to processes, procedures, methods of conveying information and / or the physical environment, which may include the provision of additional support, in order to remove barriers a candidate may face during recruitment such that each candidate has an equal employment opportunity. The Company will accommodate a candidate to the point of undue hardship. Please inform the Company's personnel representative if you require any accommodation in the application process.

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