Vice President, Surety

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Vice President, Surety

JOB CODE:

JOB FAMILY:

Vice President, Surety

FLSA STATUS:

Exempt

POSITION SUMMARY

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:

• Providing an unparalleled level of commitment, service and underwriting expertise.
• Supporting the surety needs of Fortune 1000, publicly traded and large privately held companies. 
• Delivering results by understanding the unique needs and challenges of our clients’ business, taking a thoughtful solutions-oriented approach to the underwriting process, and working in partnership with our dedicated Surety Legal/Claims Group.
• Proven ability to directly handle a $7,500,000 portfolio.

Will have knowledge in target industries and businesses that include but are not limited to:  Energy/Oil and Gas, Mining and Minerals, Healthcare, Public Utilities, Industrials, Technology, Manufacturing, Transportation, Waste Services, Insurance and Financial Services.

ESSENTIAL JOB DUTIES AND RESPONSIBILITIES*

• Develop relationships with assigned brokers in order to develop new business in line with Department strategy and goals, including identification and appointment of select new brokers where warranted.
• Manage and oversee a regional portfolio.
• Supervise regional underwriting staff.
• Establish and communicate premium objectives with target brokers.
• Review, negotiate and accept or decline submitted business using assigned underwriting authority and working with Executive Vice President and others where additional authority or approvals are needed. 
• Adhere to Amynta Underwriting Principals (AUP) document standards as respects underwriting, pricing, file maintenance and account monitoring. 
• Maintain account information in electronic file cabinet (EFC) by e-filing e-mail and other pertinent documents in real time.
• Maintain account information in the WGT Surety System including critical data points that support accurate reporting (account and agency demographics, industry, indemnity, S&P rating).
• Negotiate complex General Agreement of Indemnity issues working closely with Amynta Legal/Claims professionals
• Support market associations as warranted by attending important events (NASBP, SFAA, RIMS).
• Contribute to and work with various Amynta initiatives and Department staff.
• Support Surety team Associate Underwriting staff by maintaining accurate, up to date information including rate and commission data points in support of booking process.
• Review monthly Department control reports for accuracy of data including bond booking linecards, account listing, expired authority listing, watchlist and collateral index.  Accuracy of information and real time EFC management are critical responsibilities.
• Responsible for timely premium payments for assigned agencies and accounts.  Work with Associate Underwriting staff on payment/collections issues. 
• 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.
• Establish and maintain CIQ/S&P Watchlist and Alerts.
• Alert Senior Vice President immediately where there is a material deterioration in account status or condition including claim notices.
• Operate as an effective team member by supporting colleagues and contributing in the delivery and achievement of overall team and business objectives including extensive travel.

OTHER FUNCTIONS

• Have a comprehensive understanding of Amynta’s other product line offerings and identify potential opportunities for additional Amynta business lines with accounts in the assigned portfolio.  
• Participate and undertake applicable professional, technical and career development training (delivered internally and externally) to include attainment of associated qualifications where required. 
• Comply with external and internal regulatory and statutory policies, procedures and regulations.
• Ability to mentor junior underwriting/trainee team members with regard to financial analysis, bond risk analysis, marketing plans and indemnity negotiations.

BASIC AND PREFERRED QUALIFICATIONS (EDUCATION AND EXPERIENCE)

• Financial oriented Bachelors Degree is a minimum requirement.  Advanced degree is desirable.
• AFSB designation is desirable,
• Experience with Surety underwriting practices and procedures.
• Associated classes or courses and/or industry license, or designation is desirable.

MINIMUM JOB SKILLS, ABILITIES AND QUALIFICATIONS

• 7 years Surety experience required.
• Solid verbal and written communication skills.
• Ability to present complex topics to an audience.
• Proficiency in the various computer software programs utilized by Amynta

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.

Salary : $7,500,000