AVP, Product & Underwriting, Casualty, Global Specialty

The Hartford•Hartford, CT

22h•$180,000 - $270,000

About The Position

We’re determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals – and to help others accomplish theirs, too. Join our team as we help shape the future. Reporting to the VP, GS Product & Underwriting, the AVP Product & Underwriting (Casualty Lines), is a mid-level leadership role requiring a deep level of expertise in Casualty products, high levels of competency in building and maintaining stakeholder relationships, operating strategically and cross-functionality to influence and drive outcomes, and providing leadership within the organization. The role has accountability for the development and deployment of countrywide line of business strategies, underwriting guidance, product management and idea generation, rate guidelines and analysis, underwriting and pricing tool management, training, and regulatory compliance issues for all Casualty Lines of business. Scope of this role includes: All Casualty Lines of Business. In addition to the core function of leading this line, this leadership role also is responsible for shaping and monitoring the overall portfolio health (P&L), bringing critical insights and recommendations to the Global Specialty Casualty Lines Business Unit leaders to support their profit and growth plans, leading product innovation and transformation efforts that advance our business units market position. The strategic agenda for Casualty Lines is critical to Global Specialty’s strategic plan achievement. This leadership role will create and implement the multi-year product agenda that is foundational to the business units.

Requirements

10+ years’ experience within P & C Specialty Lines; focus and expertise in product & underwriting for Casualty Lines strongly preferred
Leadership and direct team management experience, strong mentoring and coaching discipline and prior experience developing talent and building teams
Superior understanding of Product Management & Product Development, inclusive of policy form development and interaction with actuaries and reinsurers.
Strong understanding of all aspects of underwriting execution
Ability to use data and analytics to understand and drive underwriting strategy
Understanding of financial concepts
Strong project management, negotiation, influencing, legal and analytical skills
Ability to absorb multi-disciplinary input and translate into effective actions
Superior communication skills, both oral and written
Ability to collaborate to drive effective partnerships and deliver outcomes
Leadership and mentoring skills
Excellent verbal and written communication skills; ability to deal confidently with all levels of the organization, including senior executives, field leadership, underwriters, and business partners
Demonstrate a talent to motivate and inspire team employees and cross functional teams
Bachelor’s degree strongly preferred

Responsibilities

Strategy Development & Execution · Development and implement the product and underwriting strategy for all Casualty Lines of business
Lead the ongoing management and expansion of the product and underwriting appetite for all Casualty Lines of business
Creating and testing innovation and new data strategies
Partner with AVP Product & Underwriting (Property Lines), AVP Product & Underwriting (Financial Lines), key business leaders, and stakeholders/partners to proactively identify trends and opportunities, diagnose and strengthen all Casualty Lines performance and share/incorporate best practices across teams. Maintain strong external knowledge and marketplace connectivity.
Planning, Performance & Portfolio Management · Assess areas of opportunity for profitable growth for all Casualty Lines of business. In conjunction with business partners, develop underwriting and product plans to capitalize on identified areas of opportunity for all Casualty Lines of business
Monitor all Casualty Lines of business results and react quickly and effectively to growth and profit challenges
Monitoring emerging issues to inform appetite, coverage response, rate response, and risk tolerance
Gather marketplace insights and competitive intelligence to inform solutions (product, rate/price, appetite)
Underwriting Policy Development and Management · For all Casualty Lines of business, lead the development, management, and communication of Global Specialty underwriting policies
Lead the development of new or revised underwriting positions and appetite
Lead and support key Global Specialty segment initiative and/or projects
Product Agenda Development and Execution · For all Casualty Lines of business shape and lead the appetite, underwriting, product, and pricing model development agenda to optimize profitable growth
Provide leadership support on specific Casualty Lines of business product development initiatives
Work with legal and compliance to ensure that new products and product changes are compliant with state laws and regulations
People Management and Leadership · Lead a team of product and underwriting professionals with an emphasis on diversity, equity, and inclusion to deliver on the core strategic priorities
Build and maintain strong partnerships with key stakeholders to ensure alignment on strategic initiatives, insights, trends, and maintenance of all Casualty Lines
Build supportive and collaborative development plans designed to advance career experiences of the team
Participate and lead in enterprise forums to represent Global Specialty business and our interests