Bond Manager, Commercial Surety
Company: Liberty Mutual Insurance
Posted on: June 24, 2022
Liberty Mutual Surety--- has an excellent opportunity for a Bond
Manager with our Core Commercial team in the Plano, TX office. In
this role, you will be responsible for managing a team servicing
the surety needs of customers within an assigned territory for our
Commercial book and generating consistent PTOI earnings. This
includes preparing the budget and business plans, marketing,
underwriting, training, and monitoring regional business portfolio,
and coordinating management and administrative functions within the
regional territory. You are also accountable for meeting new
business target, premium & expense budgets and PTOI target goals as
assigned.Liberty Mutual Surety, a business unit of Liberty Mutual
Insurance, is the worlds largest globally Surety, including in the
United States. Conducting business worldwide through fronting
relationships and Liberty-owned subsidiaries, we provide bonds in
over 60 countries for construction firms, manufacturers and
suppliers, and commercial enterprises on an account and
transactional basis. We are committed to building mutually
profitable relationships by providing smart business solutions,
ease of doing business, and consistent, responsive service. Liberty
Mutual Surety is dedicated to the communities we serve and highly
values a diverse workforce in more than 16
- Manage assigned staff and expenses to meet business and career
objectives as well as the commercial product line development,
generating consistent PTOI and growth with profit being the primary
objective. Prepare the budget and business plans, expense
management, reporting, etc. as appropriate, and coordinates and
monitors the implementation of the annual business plans of each of
the offices or multi-state territory within area of responsibility.
Participates in annual & strategic business planning process of
- May delegate supervisory responsibilities as appropriate but
remains accountable for ultimate management of book. Manage field
surety underwriter activities with regards to establishing and
executing marketing/ production efforts for assigned territories
and assist underwriters with respect to technical underwriting
issues, meetings with agents and others, as necessary.
- Initiates and monitors visits to producers and clients to
promote marketing programs/activities and obtain necessary
underwriting data. Develop new business and retain existing
accounts. Cultivate business relationships through industry related
organizations to enhance the image of the Company and to promote
- Continually monitors quality of performance of staff by
utilization of a variety of tools, including but not limited to
personal observation, surveys, underwriting information, financial
files & communicating with customers. Identifies problems &
implements corrective action.
- Ultimately responsible for ensuring that new underwriters are
trained and/or supported by experienced underwriters with respect
to technical underwriting issues, meetings with agents, accounts,
etc., and that those enrolled in the Surety Underwriting
Development Program complete all aspects of the curriculum. Ensures
underwriting staff receives assigned training as appropriate.
- Manage evaluations and recommendations of credit levels
provided to all customers, and assist underwriters to properly
evaluate and select credit risks while actively participating in
major underwriting decisions on all risks. Ensures that risks
pursued and that new and existing accounts/principals continue to
meet underwriting guidelines and standards for credit worthiness.
Manages the portfolio book of business with responsibility for
servicing the surety needs of customers. Oversees, as a resource,
acquisitions of new business and portfolio management.
- Manages all marketing and acquisition efforts of staff within
territory to secure new business targets/goals. Manages portfolio,
profitability, risk mitigation, growth strategies, metrics for
specific accounts and overall book of business, and the servicing
of the most complex risks associated with the field office.
- Monitors utilization, compliance, and accuracy of Surety system
applications for underwriting, marketing and accounting needs of
assigned territory. Monitors claims activities and partners with
aligned claims handlers as required.
- Hiring, training and other performance office management
functions including ongoing and annual review, regular 1:1, and
coaching activities. Develops individual performance objectives and
development plans and insures alignment with business objectives.
Appraises and evaluates team and individual performance and makes
- Special projects as assigned.Qualifications
- BA/BS Degree typically required, Advanced Degree
- A minimum of 10 years progressive surety underwriting
experience expected, including a minimum of 2 years of proven
underwriting management experience, preferred.
- Proven analytical ability to evaluate underwriting risks within
scope of responsibility.
- Demonstrated ability to communicate complex analyses and
information in understandable written and/or oral directives to
other persons in the organization for underwriting or training
- Demonstrated effective communication and interpersonal skills
in dealing with agents, brokers, CPAs, bankers, attorneys, etc.
required.At Liberty Mutual, our purpose is to help people embrace
today and confidently pursue tomorrow. That's why we provide an
environment focused on openness, inclusion, trust and respect.
Here, you'll discover our expansive range of roles, and a workplace
where we aim to help turn your passion into a rewarding
profession.Liberty Mutual has proudly been recognized as a "Great
Place to Work" by Great Place to Work - US for the past several
years. We were also selected as one of the "100 Best Places to Work
in IT" on IDG's Insider Pro and Computerworld's 2020 list. For many
years running, we have been named by Forbes as one of America's
Best Employers for Women and one of America's Best Employers for
New Graduates-as well as one of America's Best Employers for
Diversity. To learn more about our commitment to diversity and
inclusion please visit:
your hard work, integrity and commitment to make things better, and
we put people first by offering you benefits that support your life
and well-being. To learn more about our benefit offerings please
visit: https://LMI.co/BenefitsLiberty Mutual is an equal
opportunity employer. We will not tolerate discrimination on the
basis of race, color, national origin, sex, sexual orientation,
gender identity, religion, age, disability, veteran's status,
pregnancy, genetic information or on any basis prohibited by
federal, state or local law.
Keywords: Liberty Mutual Insurance, Plano , Bond Manager, Commercial Surety, Executive , Plano, Texas
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