AVP, Large Corporate Property

Tokio Marine Group • New York City, NY

1d

About The Position

Marketing Statement About Tokio Marine: Tokio Marine has been conducting business in the U.S. market for over a century and we are licensed in all states, Puerto Rico and the District of Columbia, and write all major lines of Commercial Property and Casualty Insurance. We provide unique insurance and risk management tools from our experienced staff of account executives, underwriters and loss prevention engineers and fair and timely claim settlement from a skilled team of claim professionals. We work with major brokers and leading independent insurance agents throughout the United States to serve the world's largest and most distinguished organizations. We are committed to creating value for our customers by providing ANSHIN (safety, security and peace of mind). We strive to be creative and passionate as we work towards our long-term success. Tokio Marine Holdings is Japan's oldest, and one of the largest property and casualty insurers. Founded in 1879, TMNF operates worldwide in 47 countries. With annual revenues of approximately $50 billion and an A.M. Best rating of A++, one of the highest in the industry, we are one of the top 20 insurance providers worldwide. Job Summary Responsible for supporting VP – Head of Large Commercial Property in the development of TMA-LCP with a growth strategy focused on profitability. Executing and leading on a strategy that positions Tokio Marine to meet client’s needs, increase company revenues and achieve our corporate profit and return on risk objectives.

Requirements

• College degree preferred
• Minimum ten years of underwriting or placement (brokerage) experience in US P&C insurance industry with five or more years in large property accounts
• Three or more years in a supervisory/management/team lead role
• Excellent working knowledge of property underwriting mechanics – RMS/AIR CAT modeling, Hazard Grade/fire rate baselining, etc.
• Senior relationships with key producers at Alpha broking houses
• Highly motivated to succeed
• Frequent Business Travel required.

Responsibilities

• Strategic Execution of a profitable growth strategy for LCP Business in cooperation with the other TMA Divisions, including the policy, strategy, products , staffing, distribution, operations, systems and other necessary resources to support the execution of corporate objectives and increase the presence of TMA and LCP in the marketplace.
• Implementation of underwriting strategy for LCP Business including: underwriting policies; standards and procedures; price levels; limits; coverage scope , critical cat, portfolio mix, reinsurance and capacity deployment in accordance with the Company’s and the Tokio Marine Group’s and TMA risk appetite.
• Collaborates and coordinates with TMNF, TMNAS and other TMA and Group Company Divisions to provide the best solution for client, broker and TMA, with platform-agnostic approach.
• Management: Supports disciplines, philosophies, and oversight around all aspects of underwriting strategy and human resources management including: staffing; training; development; and performance management.
• Provides account specific advice and technical guidance as required and manages “underwriting authority” within the referral process.
• Creates an environment that fosters teamwork and respect, empowers and develops others, values diversity and supports all internal and external stakeholders.
• Technical / Business Process: Monitors underwriting results and operations to make sure certain disciplines, philosophies and procedures are maintained.
• Monitors environmental, legal, competitive, regulatory climate and results to identify trends.
• Responsible for signing off Pre-Quote Peer Reviews and approves accounts as necessary.
• Develops reinsurance strategy and structures considering both individual risk and treaty to manage line size within underwriting guidelines.
• Ensures that all documentation is completed on a timely and accurate basis to corporate standards and regulatory requirements.
• Comply with all relevant rules and regulations including but not limited to; Money laundering, Sanctions, Financial crime, Bribery and corruption
• Development of existing and new LCP related products : Maintains product, pricing and coverage levels to ensure that filings are competitive, in compliance with all laws and regulations and are in alignment with strategic objectives.
• Recommends and/or develops new programs, procedures and practices as appropriate.
• Assist's in the development and implementation of distribution strategy for LCP Business.
• Establishes, develops and maintains relationships with intermediaries, brokers, agents, clients and other business partners to secure business opportunities and portfolios that will produce superior underwriting results over the long term.
• Participates in corporate Enterprise Risk Management efforts.
• Maintains underwriting strategies to monitor and control the company’s catastrophe and non-catastrophe exposures.
• Supports VP of Large Commercial Property in collaboration efforts with TMNF and other Group Company divisions to deliver required reports and functionality to execute LCP strategy and execution of inter-company cross sell strategy.
• Oversees operational process and directs efforts to increase levels of efficiency using automated underwriting tools.
• Travels domestically and internationally as necessary for successful execution of job duties.
• Responsible for complying with proper internal controls as necessary to conduct job functions and/or carry our responsibilities and/or administrative activities at Company.

Benefits

• We offer a comprehensive benefit package, which includes a generous 401K match.
• Our rich history of outstanding results and growth allow us to focus our business plan on continued growth, new products, people development and internal career opportunities.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level