What are the responsibilities and job description for the Regional Commercial Surety Manager position at Munich Re?
Company
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Munich Re Specialty - North America
Location
San Francisco, United States
We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.
The Company
Munich Re Specialty North America provides extensive, specialty property and casualty insurance solutions to customers through select brokers, Managing General Agents, program administrators, cover holders and insurtech partners. Products include : property, casualty, professional liability and other specialty insurance solutions. Our comprehensive, customized solutions are provided by A rated carriers and are tailored to clients’ needs.
Position Overview
The Regional Commercial Surety Manager will be responsible for the marketing, underwriting, administration, and overall business development of assigned geographic territory in accordance with the company’s surety business model to meet projected profitability and expense goals. You will serve as lead underwriter for assigned region as front line for the commercial surety line of business. The position supports the Head of Commercial Surety in balancing the needs to achieve budgeted financial results through sound underwriting practices.
Key Responsibilities :
- Develop and execute a strategic business plan to expand our surety portfolio and maintain full P / L responsibility for the region.
- Establish and maintain key surety broker relationships in compliance with guidelines for new and renewal surety business.
- Develop and underwrite a profitable portfolio, coordinating new / renewal business while exercising proper underwriting pricing and discipline in compliance with underwriting guidelines.
- Hire, develop and train other team members in your region (Sr. Underwriters, Underwriters, Associates, and Trainees).
- Collaborate with Munich Re Specialty – North America surety colleagues to leverage capabilities and increase our customer base.
Job Requirements :
Salary and Benefits :
The base salary range anticipated for this position is $193,100 - $283,100 plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company offers a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays, and paid time off (PTO).
At Munich Re, we see Diversity, Equity, and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued, and empowered to achieve their very best every day.
We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
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Salary : $193,100 - $283,100
