Old Republic Surety Company (ORSC) is currently seeking a Bond Manager to join its Underwriting Team in Boston, MA. This position could also be based out of Hartford, CT or Portland, ME.
In general, the Bond Manager is responsible for ensuring profitability and growth of the branch office through effective and efficient management of personnel and other resources and by marketing and underwriting acceptable bond classes.
Essential duties for the role are as follows:
- Provide effective and efficient management, by coaching and mentoring staff, to meet profit and growth goals.
- Set and achieve a goal of desired net profit to meet Company objectives. Set and attain production and territorial growth goals to ensure growth of the Company.
- Review and critique underwriting submissions to meet company standards of underwriting; accept/reject risks within underwriting guidelines.
- Identify staffing needs within the respective branch. Supervise direct reports, make recommendations for performance management and disciplinary action. Train subordinates to achieve goals. In addition, contribute to the new employee selection process.
- Prepare and meet expense budget to contribute to overall profitability.
- Keep current with marketing trends in area and advise company of these to respond appropriately to local needs and prevent adverse impact on book of business.
- Participate in regular travel of the assigned territory by use of motor vehicle (personal, rental and/or company provided), public transportation and/or airplane. Travel is including, but not limited to, attending agency visits to maintain current business and/or obtain additional business, participating in industry specific events, and meeting with prospective business partners.
- Develop and maintain the agency database utilizing Customer Relationship Management (CRM) software to assist in the marketing growth objectives of the respective branch and/or home office. Train staff on utilization of the software. Identify and recommend changes needed.
- Other duties as assigned.
QUALIFICATIONS:
This position requires a Bachelor's Degree and a minimum of five years, ideally seven-plus years, of progressively successful managerial experience in underwriting, production, and marketing within the fidelity and surety industry.
The Bond Manager position requires one to continuously have a valid driver's license and a motor vehicle operator's record that is considered satisfactory as defined by company and/or corporate procedures.
Working as a Bond Manager requires one to work independently and effectively within a fast-paced environment. Proficiency with Microsoft (MS) Windows and Office products is necessary. Other skills necessary include excellent oral and written communication skills, strong organizational and accurate proofreading skills, the ability to maintain accurate records, the ability to exercise discretion with confidential information, strong attention to detail, and the ability to use a variety of office equipment.
WHO ARE WE?
Old Republic Surety Company underwrites contract, fidelity, and commercial bonds, serviced through a network of more than 4,500 independent insurance agencies. Solutions provided include bid bonds, performance and payment bonds, and maintenance bonds for large, middle market and smaller growing contractors. ORSC consistently offers superior service and creative underwriting options in all 50 states.
WHY OLD REPUBLIC SURETY COMPANY?
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. To learn more about our company culture and our outstanding benefits, please visit our website and watch this video.
COMPANY BENEFITS
Financial:
- Competitive salary
- Lucrative annual bonus based upon performance
- Eligible for annual Performance Recognition Plan bonus program
- 401k Savings & Profit-Sharing Plan, including company match contribution
- Roth investment options
- 529 Education Savings Plan
- Employee Referral Bonus Program
Health:
- Health Insurance
- Dental Insurance
- Flexible Spending & Health Savings Account options
- Life Insurance
- Vision Insurance
- Supplement Life Insurance
- Long-Term Disability Insurance
- Paid Leave of Absence Benefits
- Accident & Critical Illness Insurance
- Pet Insurance
Work-Life Balance:
- 38.75 hour standard work week
- Hybrid work opportunities available upon completion of training
- Casual business attire
- Generous paid time-off (PTO)
- Paid holidays
- Volunteer opportunities
- Company-sponsored events and outings
Interested? Click 'apply' and follow some very simple steps to get your resume in front of the Talent Acquisition Team.
Old Republic Surety Company is an Equal Opportunity Employer and is committed to maintaining a diverse workplace.
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