[Close] 

AVP/VP, Surety

Description
Position Summary
Individuals employed by Aspen Insurance 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 $5,000,000 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 Functions
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.
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 Aspen Surety AUP and PPD 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 ABS Surety System including critical data points that support accurate reporting (account and agency demographics, industry, indemnity, S&P rating).
Support market associations as warranted by attending important events (NASBP, SFAA, RIMS).
Contribute to and work with various Aspen 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, and assisting as needed with agency receivables collections.
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.
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.
Non-essential Functions
Act in accordance with and be an advocate for the Aspen Spirit.
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.
Education / Experience
Bachelors Degree is a minimum requirement. Advanced degree is desirable.
Experience with Surety underwriting practices and procedures.
Associated classes or courses and/or industry license, or designation is desirable.???
Skills (Minimum Requirements)
7+ years Surety or equivalent banking/investment experience preferred.
Multi-lingual capabilities welcome.
Financial oriented degree or work background preferred.


Don't Be Fooled

The fraudster will send a check to the victim who has accepted a job. The check can be for multiple reasons such as signing bonus, supplies, etc. The victim will be instructed to deposit the check and use the money for any of these reasons and then instructed to send the remaining funds to the fraudster. The check will bounce and the victim is left responsible.

More Jobs

AVP - Operational Risk Mgmt - Group Benefits/GEB
Bridgewater, NJ MetLife, Inc.
VP, Casualty Claim Leader
Jersey City, NJ Chubb
Surety Underwriter
Whitehouse Station, NJ Chubb
AVP, Commercial Casualty Underwriting
Branchville, NJ Selective Insurance Group, Inc.
AVP - Managed Care and Clinical
Princeton, NJ AmTrust Financial Services, Inc.