Vice President – Surety
| Company | Amynta Group |
|---|---|
| Location | The Woodlands, TX, USA |
| Salary | $Not Provided – $Not Provided |
| Type | Full-Time |
| Degrees | Bachelor’s, Master’s |
| Experience Level | Senior, Expert or higher |
Requirements
- 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.
- Financial oriented Bachelors Degree is a minimum requirement.
- Advanced degree is desirable.
- AFSB designation is desirable.
- Experience with Surety underwriting practices and procedures.
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.
Preferred Qualifications
- AFSB designation is desirable.
- Associated classes or courses and/or industry license, or designation is desirable.