AVP Underwriting - Inland Marine - Midwest Region
Argo Group
·
Posted:
August 5, 2023
·
Remote
About the position
The Assistant Vice President of Underwriting at Argo Group will play a key role in coordinating strategic initiatives for growing a profitable book of business in a specified territory. They will serve as the team lead for the designated region, responsible for production, profitability, and managing distribution. The AVP Underwriting will also partner with the SVP of Underwriting to develop underwriting strategies, establish underwriting profit goals, and analyze risks and results. Additionally, they will cultivate relationships, represent the company at industry events, and contribute to the long-term success of the organization.
Responsibilities
- Meet new business and profit goals of the assigned region, individually and as a team.
- Initially, be the lead underwriter to develop a book of business within the region.
- Owns portfolio results and distribution management for the territory.
- Establish and communicate underwriting profit goals and other measurements including loss ratio, new business development, policy count, account retention, etc. once the team expands.
- Analyze individual risks and book of business results to manage and control underwriting exposure and pricing strategy consistent with company objectives.
- Provide leadership and acts as a subject matter expert, if called upon.
- Partner with the SVP of Underwriting to develop strategies and actions to resolve adverse trends or deviations from established underwriting standards identified through producer and account review audits.
- Participate in the recruitment and selection process to ensure the organization has the necessary talent to accomplish business goals, when it is time to expand.
- Cultivate and maintain relationships within and outside Argo Group to develop and drive new business opportunities. Work with internal and external business units to develop joint business plans, value propositions, and cross-marketing programs.
- Represent the company at networking functions and other industry-related events that present and promote departmental initiatives to other external constituencies as appropriate.
- Act as a role model demonstrating belief in, and commitment to, the aspiration values of Argo Group, continuing to build and lead a value-based organization committed to long-term success.
- Other duties as assigned.
Requirements
- Bachelor's degree from an accredited university and 7+ years' related experience.
- Experience with core inland marine lines such as construction, transportation, and equipment lines.
- Adept at building relationships with Retail and Wholesale Brokers in the region.
- Proven leadership capabilities with a sound influence in dealing with challenging situations.
- Demonstrates strong ability to partner with finance, actuarial, IT, and marketing resources.
- Demonstrates significant contribution to underwriting profit.
- Independent decision-maker - takes full responsibility for making decisions and consequences associated with decisions.
- Recognized as a leader within the organization that provides advice and guidance to others.
- Demonstrates knowledge of the Inland Marine external market and contributes to the development of business strategy.
- Have established relationships with external clients and professional network.
- Continually seeks opportunities for niche products and potential agent opportunities.
Benefits
- Competitive compensation and merit-driven profit sharing
- Flexible workplace policies including compressed hours, flex-time, job-sharing, remote work, sabbatical leave, holiday and summer hours
- Comprehensive health, wellness, and financial planning options tailored to personal and family needs, including dental, disability, life insurance, medical, and vision insurance
- Matching 401(k) retirement savings
- Generous paid time off (21 days of PTO, 11 paid company holidays, 3 floating holidays, and a paid voluntary day)
- Paid caregiver and parental leave
- Paid bereavement, jury duty/court appearances, and military leave (up to 14 days)
- Employee assistance program (EAP)
- Array of voluntary benefits
- Argo Academy for continuous learning and professional development
- Career mobility and continuing education opportunities
- Inclusive culture that develops and sponsors diverse teams
- Employee resource groups (ERGs) for cross-functional engagement and collaboration
- Active community outreach and volunteer programs
- Employee Referral program with approximately 25% of all new hires annually.