Managing Director – Construction Surety
Company: Travelers
Location: Richardson
Posted on: January 14, 2026
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Job Description:
Who Are We? Taking care of our customers, our communities and
each other. That’s the Travelers Promise. By honoring this
commitment, we have maintained our reputation as one of the best
property casualty insurers in the industry for over 160 years. Join
us to discover a culture that is rooted in innovation and thrives
on collaboration. Imagine loving what you do and where you do it.
Compensation Overview The annual base salary range provided for
this position is a nationwide market range and represents a broad
range of salaries for this role across the country. The actual
salary for this position will be determined by a number of factors,
including the scope, complexity and location of the role; the
skills, education, training, credentials and experience of the
candidate; and other conditions of employment. As part of our
comprehensive compensation and benefits program, employees are also
eligible for performance-based cash incentive awards. Salary Range
$153,700.00 – $253,700.00 Target Openings 1 What Is the
Opportunity? Bond & Specialty Insurance provides management and
professional liability insurance, as well as surety bonds to
businesses and non-profit organizations of all sizes. As an
underwriter, you will have a dynamic role that blends evaluating
and analyzing financial and business risk, building relationships,
and selling and negotiating with clients, agents, and brokers. This
role is part of the Construction Services team which provides
surety bonds to public and private owners of construction projects.
Underwriters also analyze business operations, financial statements
and evaluate market forces to provide consultative services to
contractors. The Managing Director (MD) will lead a team of
underwriters who partner with agents and brokers to provide
insurance or surety solutions to customers. An MD will analyze and
evaluate risk to achieve business goals within an their individual
and teams assigned book of business. As an MD, you are strategic,
decisive, detail-oriented, and possess a keen ability to understand
distribution management, optimize underwriting assignments, and see
the ‘big picture’ perspective in order to drive opportunities.
Leveraging differences of talent and fostering an inclusive work
environment, you will engage, inspire, and develop top talent and
grow a successful team that contributes to the profitability and
success of Travelers. What Will You Do? Manage the profitability,
growth, and retention of business within a location or region while
managing a team of underwriters. Partner with RVP and Home Office
to execute business unit underwriting strategies to effectively
achieve profit and growth objectives Collaborate in the
underwriting process. Support relationships with internal partners
within the business unit and across the enterprise. Successfully
manage the business at a portfolio level including underwriting
profitability and relationship management. Lead and support team
while providing strategic direction, coaching, training, and
performance management. Perform other duties as assigned. What Will
Our Ideal Candidate Have? Bachelor’s degree. Eight to ten years of
applicable underwriting experience. Prior experience leading or
managing others. Expert level knowledge of products, ability to
effectively communicate the regulatory environment, and through
understanding of the local insurance and surety markets. Strong
critical thinking skills with the ability to underwrite, market
products, identify financial challenges, and analyze available
information to make decisions in alignment with our risk appetite.
Ability to create and execute strategic direction across assigned
region. Excellent communication skills with the ability to
successfully negotiate in difficult situations with agents and
brokers. What is a Must Have? Six years of underwriting experience.
What Is in It for You? Health Insurance: Employees and their
eligible family members – including spouses, domestic partners, and
children – are eligible for coverage from the first day of
employment. Retirement: Travelers matches your 401(k) contributions
dollar-for-dollar up to your first 5% of eligible pay, subject to
an annual maximum. If you have student loan debt, you can enroll in
the Paying it Forward Savings Program. When you make a payment
toward your student loan, Travelers will make an annual
contribution into your 401(k) account. You are also eligible for a
Pension Plan that is 100% funded by Travelers. Paid Time Off: Start
your career at Travelers with a minimum of 20 days Paid Time Off
annually, plus nine paid company Holidays. Wellness Program: The
Travelers wellness program is comprised of tools, discounts and
resources that empower you to achieve your wellness goals and
caregiving needs. In addition, our mental health program provides
access to free professional counseling services, health coaching
and other resources to support your daily life needs. Volunteer
Encouragement: We have a deep commitment to the communities we
serve and encourage our employees to get involved. Travelers has a
Matching Gift and Volunteer Rewards program that enables you to
give back to the charity of your choice. Employment Practices
Travelers is an equal opportunity employer. We value the unique
abilities and talents each individual brings to our organization
and recognize that we benefit in numerous ways from our
differences. In accordance with local law, candidates seeking
employment in Colorado are not required to disclose dates of
attendance at or graduation from educational institutions. If you
are a candidate and have specific questions regarding the physical
requirements of this role, please send us an email so we may assist
you. Travelers reserves the right to fill this position at a level
above or below the level included in this posting.
Keywords: Travelers, Mansfield , Managing Director – Construction Surety, Accounting, Auditing , Richardson, Texas
