Senior Underwriting Director - Contract Surety (Remote -Florida)

Our employees are at the heart of what we do: helping people, businesses and society prosper in good times and be resilient in bad times. When you join our team, you are bringing this purpose to life alongside a passionate community.

Feel empowered to learn and grow while being valued for who you are. At Intact, we commit to supporting you in reaching your goals with tools, opportunities, and flexibility. It’s our promise to you. 

Who we are

At Intact Insurance Specialty Solutions, we are experts at what we do in protecting what makes businesses unique. Our deep understanding of the specialty insurance market is the foundation for our customized solutions, backed by targeted risk control and claims services. Our employees are passionate about providing insurance coverage that’s aligned to our targeted customer groups.

Intact’s Global Specialty Lines business spans across more than 20 verticals in four distinct markets: U.S., Canada, UK and Europe. The following opportunity is for our U.S. team.

The opportunity

We currently have an opportunity for a Senior Underwriting Director to join our Contract Surety team working remotely in Florida. This position directs effective product development, pricing and underwriting through managing all components of profit, loss, and expenses for our largest, and/or most complex product lines. Oversees multiple regions/product lines within a significant specialty Business. Surety is a specialized area of the insurance industry that provides financial guarantees to ensure obligations are met. At its core, Surety helps businesses and organizations build trust and maintain compliance. This role is on our Contract Surety team, which is designed for construction and infrastructure projects, these bonds guarantee that contractors will fulfill their contractual obligations. Common examples include supply/install bonds, performance bonds, and payment bonds. Some of the Senior Underwriting Director duties include but are not limited to:

• Responsible for the financial performance of a large and/or most complex product line including loss ratio, premium plans and commission targets. Achieves profitability and growth goals through the development and execution of annual strategic plan including specific underwriting, pricing, retention, service, and expense plans.
• Analyzes book trends and manages catastrophe plans. Analyzes data on competitors’ products, programs, and pricing levels. Implements new pricing levels and product modifications. Enhances existing products and programs. Maintains a strong professional knowledge of regulatory and legal environments. Communicates and acts on this information effectively.
• Develops methods for building and mobilizing a technically competent and highly effective staff capable of meeting current and future needs of the corporation through highly effective leadership and human resources management.
• Ensures compliance with underwriting standards and authorities. Has ultimate underwriting authority for the Surety line of business. Directs underwriting decisions in compliance with state laws.
• Directs in the creation of underwriting guidelines, product and coverage forms or system modifications. Is recognized in the company and in the industry as the subject matter expert on a particular Specialty line of business.
• Monitors corporate results, develops and implements actions as needed. Establishes profit, growth and operating objectives as part of the overall plan for Specialty Lines segment(s).
• Participates in producer presentation meetings, including travel to key producers. Maintains high level producer relationships. Effectively leads the strategic direction of the company and the Specialty line of business to external audiences.
• Directs, manages, and develops Management staff. This includes goal setting, assessment, staff selection, role alignment and completion of performance appraisals. Responsible for overall communication of goals and priorities.

The expertise you bring

• Bachelor’s degree required.
• 10 years Surety bond experience or related education/experience.
• Minimum 5-7 Supervisory/Management years of experience required.
• MBA, AFSB designation highly desirable

Our salary ranges are determined by many factors including location, role, experience and skillset of the candidate. The following ranges displayed reflect the target base salary for new hires; however, your recruiter will provide more specific compensation details during the hiring process. The typical base salary range for this position is: $278,000 - $326,000, based on the factors aforementioned. For candidates located in San Francisco, CA; Washington DC; our Massachusetts based offices and the New York City metro area, the base salary range is $278,000 - $326,000. In addition to base salary, full time Intact employees are also eligible for bonus potential and a full range of benefits to include but not limited to:

• Comprehensive medical, dental and vision insurance with no waiting period
• Competitive paid time off programs
• 401(k) savings and annual contributions of up to 12% of annual salary
• Mental health support programs, life and disability insurance, paid parental leave and a variety of additional voluntary benefits

This position will remain posted until a final candidate is selected. Once the role is filled, this job posting will be removed.    

Why choose Intact

We live our Values:  We are committed to acting with the highest of ethical standards through our five core values: integrity, respect, customer driven, excellence and social responsibility.

Our commitment to Diversity: Founded in our values, we see diversity as a strength and aspire to create an environment where everyone can be themselves, grow and succeed. Together, we will stand up for what’s right to build an inclusive society.

Manage your Time: What you accomplish matters more than hours in the office. We are committed to creating a positive and supportive environment in which you perform your best. Our Time-Off and Flexible Work Arrangement options help foster a healthy work-life balance. 

Check out our Glassdoor reviews to see why people love working for Intact!

Our promise to you

Our Values are foundational to our success at Intact. You’ll make a difference every day when you live our Values, do your best work, are open to change, and invest in yourself.

In return, we promise you support, opportunities, and performance-led financial rewards in a flexible work environment where you can:

• Shape the future: Help us lead an insurance transformation to better protect people, businesses, and society.
• Win as a team: Collaborate with inspiring people to do your best work every day and together, stand up for what is right.
• Grow with us: Refresh and reinvent your skills, learn from our diverse teams, lift others up, and grow.

About Intact 

At Intact Insurance Specialty Solutions we are experts at what we do. Our deep understanding of the specialty insurance market is the foundation for our customized solutions, backed by targeted risk control and claims services. Our employees are passionate about providing insurance coverage that’s aligned to our targeted customer groups. Today, we help protect over a dozen industries with tailored coverages and services.

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