Old Republic Surety Company (ORSC) ranks among the nation's top underwriters of contractors' performance and payment bonds, miscellaneous surety, and commercial fidelity, offering thousands of types of bonds. We are growing across the country which is creating new opportunities within our organization. We have an exciting opportunity to join our Northeastern US territory as a Regional Vice President. This position can be based out of Philadelphia, Boston, Washington D.C. or Hartford.
Under the guidance of the Senior Vice President - Business Development, this position oversees the management of assigned branch offices and provides management and development to branch personnel. This position also recommends authority levels and coordinates and approves underwriting submissions for branch offices within the assigned territory.
Key Responsibilities:
- Supervise direct reports, make recommendations for performance management and disciplinary action. Train subordinates to achieve goals. Contribute to the new employee selection process.
- Oversee the management of assigned branch offices. Provide management and development to branch personnel. Assist in the development of training programs for field personnel.
- Promote Old Republic Surety Company's contract surety underwriting standards and ensure compliance with those standards. Assist Home Office in evaluation of underwriting guidelines.
- Recommend authority levels and conditions for Bond Managers and Underwriters within the assigned region to Home Office for approval.
- Coordinate and approve, within authority limits, all underwriting submissions within the assigned region. Serve as the first line of contact for "over authority" submissions and assist Bond Managers and Underwriters in preparing submissions for Home Office review and approval.
- Evaluate annual business plans of assigned branch offices. Prepare annual business plans and budgets within the assigned region. Provide strategic direction in executing business plans. Monitor and measure execution of operational plan against Company objectives.
- Execute expense management plans, along with Bond Managers, to meet budget to contribute to overall profitability.
- Participate in sales and underwriting activities as they relate to agency management and business development. Develop agency plant and key broker relationships.
Candidates for Regional Vice President will possess a Bachelor's Degree in a related field, or equivalent, and a minimum of eight years of related experience, or an equivalent combination of education and experience.
This position requires one to work independently and effectively within a fast-paced environment. Proficiency with Microsoft (MS) Windows and Office products is necessary. Other requirements include excellent oral and written communication skills, the ability to exercise discretion with confidential information, strong organizational skills, and attention to detail.
This role requires one to maintain a motor vehicle operator's record that is considered satisfactory as defined by company and/or corporate procedures, which are subject to change.
Also required are demonstrated superior supervisory and/or project management skills, the ability to lead change and inspire innovation, and the use of strong interpersonal skills to effectively motivate others.
In addition, strong underwriting skills and the ability to direct a wide variety of functions is required. This is a position of influence, where rational and conduct must be representative of a professional leader within the organization.
Old Republic Surety Company offers numerous opportunities for our employees to grow and prosper. We have a culture of growth from within and we support our employees' pursuits in advancing their careers. We offer this in an open-door, collaborative workplace that encourages and rewards both teamwork and individual contributions. We want bright, passionate individuals who share our values and quest for success.
Interested? Click 'apply' and follow some very simple steps to get your resume in front of a Talent Acquisition Specialist.
Old Republic Surety Company is an Equal Opportunity Employer and is committed to maintaining a diverse workplace.
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