My client is a prominent player in the global reinsurance market, providing innovative risk management solutions to clients worldwide. With a commitment to excellence and a focus on long-term partnerships, the company strives to deliver exceptional value and stability in an ever-evolving insurance landscape.
Job Description: The Assistant Vice President (AVP) of Surety Underwriting for North America plays a pivotal role in driving the growth and profitability of the Surety business within the region. Leveraging expertise in underwriting and risk assessment, the AVP leads a team of talented professionals to deliver best-in-class solutions to clients while adhering to company strategic objectives and underwriting standards.
Key Responsibilities:
- Underwriting Leadership: Provides strategic direction and guidance to the surety underwriting team, ensuring alignment with company goals and objectives.
- Portfolio Management: Oversees the underwriting process for surety risks, including analysis, evaluation, and pricing, to maintain a balanced and profitable portfolio.
- Relationship Management: Cultivates and maintains strong relationships with brokers, clients, and internal stakeholders to drive business development and ensure client satisfaction.
- Risk Assessment: Assesses and underwrites complex surety risks, making sound underwriting decisions based on thorough analysis and risk evaluation.
- Product Development: Collaborates with product development teams to innovate and enhance surety products and solutions to meet evolving client needs and market demands.
- Team Development: Mentors and develops underwriting team members, providing training, guidance, and support to foster professional growth and ensure operational excellence.
Qualifications:
- Bachelor's degree in Business, Finance, Risk Management, or related field; MBA or other advanced degree preferred.
- Minimum of 8 years of experience in surety underwriting, with a proven track record of success in leadership roles.
- Strong technical underwriting skills with expertise in analyzing complex surety risks.
- Excellent communication, negotiation, and relationship management skills.
- Strategic thinker with a deep understanding of the North American insurance market and regulatory environment.
- Ability to lead and inspire a team, driving performance and fostering a culture of collaboration and innovation.
- Professional designations such as CPCU, AFSB, or equivalent are a plus.
