Crum & Forster

VP, Contract Surety Underwriting Director

Crum & Forster

full-time

Posted on:

Location Type: Hybrid

Location: Morristown • New Jersey • United States

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Salary

💰 $206,100 - $302,300 per year

Job Level

Lead

About the role

  • Ensure consistency of underwriting standards across the regional offices and home office underwriting team.
  • Monitor accounts for proper rate and capacity compliance.
  • Take corrective or proactive measures as necessary.
  • Within their authority, make educated underwriting decisions based on recommendations provided by the Contract Surety home office team.
  • Proactively engage Surety leadership on underwriting situations outside of individual authority level.
  • Act as a resource and knowledge center for regional and home office underwriters.
  • Disseminate updates on key industry and underwriting issues regularly through multiple channels including written updates, meetings, and video calls.
  • Archive information for future use.
  • Act as a primary resource on complex risk accounts, including publicly traded, international, and co-surety scenarios.
  • Build, document, maintain, and oversee the necessary underwriting standards and procedures to maintain a loss-free underwriting portfolio.
  • Make recommendations and take ownership of future investments.
  • Regularly review the Contract Surety portfolio for changes in credit ratings and out of date underwriting data.
  • Ensure that appropriate action plans are enacted.
  • In coordination with Surety leadership, provide any requested underwriting information to C&F leadership and surety reinsurers.
  • Responsible for direct management and development of the home office Contract Surety underwriting team (4-6 direct reports).

Requirements

  • Bachelor’s degree or equivalent plus a minimum of 15 years of contract surety experience—prior management/leadership experience required.
  • Construction-related legal or accounting expertise preferred.
  • Proven ability to decisively manage complex underwriting decisions.
  • Strong financial analysis and communication skills.
  • Ability to lead and manage others and build relationships/consensus with internal and external stakeholders.
  • Travel required as needed (10% +) and must possess a valid driver's license.
Benefits
  • Flexible work arrangements.
  • Competitive compensation package.
  • Generous 401K employer match.
  • Employee Stock Purchase plan with employer matching.
  • Generous Paid Time Off.
  • Excellent benefits that go beyond health, dental & vision.
  • Our Wellness programs focus on your family’s complete wellness, including your physical and mental wellbeing.
  • A core C&F principle is that you manage your career.
  • Support for your development, including tuition reimbursement, industry related certifications and professional training available to you.
  • A dynamic, ambitious, fun and exciting work environment.
  • A spirit of social responsibility, matching donation program, volunteer opportunities, and an employee driven corporate giving.
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
underwriting standardsfinancial analysisrisk managementcontract suretycapacity compliancecredit ratingsinvestment recommendationsconstruction-related legal expertiseaccounting expertisecomplex underwriting decisions
Soft Skills
leadershipcommunicationrelationship buildingconsensus buildingproactive engagementteam managementdecision makingorganizational skillsproblem solvingresourcefulness