Bond Manager

Old Republic Surety Company (ORSC) is currently seeking a Bond Manager to join its Contract Surety Team in our Upstate NY Region (Albany, Syracuse, Rochester, etc.). Candidates who reside in any area is Upstate New York are encouraged to apply. 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 across the organization. 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. Key accountabilities include sales & marketing, account management, financial analysis, underwriting, and employee development and management. 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. This position requires a High School diploma, or equivalent, and a minimum of five years of progressively successful managerial experience in underwriting, production, and marketing within the fidelity and surety industry or an equivalent combination of education and experience. The ideal candidate will have a Bachelors degree in Finance, Accounting or a related field. Qualified candidates who live anywhere in the assigned territory are encouraged to apply. 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. This position also requires proficiency in the use of computer systems. Other skills necessary include excellent oral and written communication skills, accurate proofreading skills, the ability to maintain accurate records, the ability to exercise discretion with confidential information, excellent organizational skills, strong attention to detail, and the ability to use a variety of office equipment. In addition, expertise in financial analysis and an ability to analyze large amounts of data to gain relevant information is required. Bond Managers must continuously maintain a motor vehicle operator's record that is considered satisfactory as defined by company and/or corporate procedures, which are subject to change. Lastly, this position requires demonstrated superior supervisory and/or project management skills. This position requires one to lead change and inspire innovation. In addition, this position requires the use of strong interpersonal skills to effectively motivate others. 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. 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.

Created: 2024-10-30