Managing Director - Construction Surety

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Underwriting

Compensation Overview

The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.

Salary Range

$153,700.00 - $253,700.00

1

Bond & Specialty Insurance provides management and professional liability insurance, as well as surety bonds to businesses and non-profit organizations of all sizes. As an underwriter, you will have a dynamic role that blends evaluating and analyzing financial and business risk, building relationships, and selling and negotiating with clients, agents, and brokers.

This role is part of the Construction Services team which provides surety bonds to public and private owners of construction projects. Underwriters also analyze business operations, financial statements and evaluate market forces to provide consultative services to contractors.

The Managing Director (MD) will lead a team of underwriters who partner with agents and brokers to provide insurance or surety solutions to customers. An MD will analyze and evaluate risk to achieve business goals within an their individual and teams assigned book of business.

As an MD, you are strategic, decisive, detail-oriented, and possess a keen ability to understand distribution management, optimize underwriting assignments, and see the 'big picture' perspective in order to drive opportunities. Leveraging differences of talent and fostering an inclusive work environment, you will engage, inspire, and develop top talent and grow a successful team that contributes to the profitability and success of Travelers.

What Will You Do?

• Manage the profitability, growth, and retention of business within a location or region while managing a team of underwriters.
• Partner with RVP and Home Office to execute business unit underwriting strategies to effectively achieve profit and growth objectives
• Collaborate in the underwriting process.
• Support relationships with internal partners within the business unit and across the enterprise.
• Successfully manage the business at a portfolio level including underwriting profitability and relationship management.
• Lead and support team while providing strategic direction, coaching, training, and performance management.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Bachelor’s degree.
• Eight to ten years of applicable underwriting experience.
• Prior experience leading or managing others.
• Expert level knowledge of products, ability to effectively communicate the regulatory environment, and through understanding of the local insurance and surety markets.
• Strong critical thinking skills with the ability to underwrite, market products, identify financial challenges, and analyze available information to make decisions in alignment with our risk appetite.
• Ability to create and execute strategic direction across assigned region.
• Excellent communication skills with the ability to successfully negotiate in difficult situations with agents and brokers.

What is a Must Have?

• Six years of underwriting experience.