Farm Family P & L Officer

Brookfield Wealth Solutions, Ltd•Chicago, IL

17h•$269,178 - $389,000

About The Position

This leader will own the full financial and strategic performance of the Small Commercial business, balancing growth, underwriting profitability, and capital efficiency while building a scalable, market-leading franchise over time. Initially, this leader will operate as a matrixed business owner, shaping strategy and execution across underwriting, pricing, claims, and distribution. Subsequently, they will design, justify, and establish a dedicated operating model and team to accelerate performance. The role evolves through three phases: Phase 1 (0-6 months) focuses on diagnosis, alignment, and shaping strategy; Phase 2 (6-18 months) involves building capabilities and demonstrating measurable improvement; and Phase 3 (18+ months) centers on scaling and full organizational ownership with a dedicated reporting structure.

Requirements

Own full financial and strategic performance of the Small Commercial business.
Balance growth, underwriting profitability, and capital efficiency.
Build a scalable, market-leading franchise.
Shape strategy and execution across underwriting, pricing, claims, and distribution.
Design, justify, and stand up a dedicated operating model and team.
Establish control through influence and define the opportunity and roadmap.
Own small commercial P&L visibility, including baseline performance, segmentation, and profitability drivers.
Diagnose portfolio health, including segment profitability, rate adequacy, expense evaluation, and claims drivers.
Evaluate current capabilities in underwriting, pricing, distribution, and operations.
Identify structural gaps compared to best-in-class small commercial models.
Build and socialize the Small Commercial Strategy & Operating Model Blueprint.
Begin influencing appetite clarity, pricing, and distribution focus.
Execute the approved investment roadmap, including talent acquisition, pricing/segmentation improvements, and workflow enhancements.
Begin formalizing P&L ownership mechanisms.
Deliver early wins such as improved loss ratio and increased quote-to-bind.
Establish underwriting guidelines, authority, producer segmentation, and a claims feedback loop.
Start building a dedicated small commercial identity internally and externally.
Build and lead a dedicated Small Commercial organization, including Product/Portfolio Management, Underwriting teams, Analytics/pricing partnership, and dedicated operations alignment.
Assume formal authority over underwriting execution for the segment.
Mature capabilities in advanced segmentation, pricing sophistication, automated underwriting, and digital distribution.
Optimize capital deployment through reinsurance usage, mix management, and expansion.
Deliver sustained outperformance versus plan and market.
Own Small Commercial P&L, including GWP, Earned Premium, Loss Ratio, Expense Ratio, and Combined Ratio.
Manage growth, retention, and mix/segmentation.
Set and refine appetite by class, size, industry, geography, and channel.
Drive rate adequacy and pricing sophistication with actuarial.
Actively manage concentration risk, cat exposure, and litigation-prone segments.
Define and outperform the annual business plan.
Partner with Operations/IT to build a fit-for-purpose small commercial engine, focusing on STP, simplified workflows, and pre-bind controls.
Improve cycle times, responsiveness, data capture quality, NPS/CSAT, referral SLAs, and ease-of-doing-business.
Partner closely with Claims to understand severity drivers, emerging trends, and reduce leakage.
Embed claims insights into pricing, appetite, and underwriting rules.
Assess talent across underwriting, product, and analytics.
Define hiring plans and capability requirements.
Justify ROI of organizational build-out.
Lead the Small Commercial team, including Product/Portfolio Leads, Underwriting leaders/teams, and Analytics.
Build a culture of ownership, data-driven decision-making, speed, and discipline.
Influence appetite, pricing, and underwriting decisions in the matrixed phase.
Recommend investment priorities and drive alignment across functions.
Co-own appetite, pricing direction, and underwriting frameworks in the shared authority phase.
Hold a formal role in governance committees.
Make final decisions on appetite, segmentation, product roadmap, and underwriting framework in the full P&L authority phase.
Have direct control over dedicated small commercial resources.
Applicants must be legally authorized to work in the United States.
Must not require sponsorship or assumption of sponsorship of employment visas.

Nice To Haves

Experience in building and scaling a business unit.
Deep understanding of insurance product development, underwriting, pricing, and distribution.
Proven ability to influence and drive change in a matrixed organization.
Strong analytical and financial modeling skills.
Experience with insurance technology and workflow automation.
Demonstrated success in managing P&L and achieving financial targets.
Excellent leadership and team-building capabilities.
Familiarity with the Northeast and Mid-Atlantic markets is a plus.

Responsibilities

Own full financial and strategic performance of the Small Commercial business.
Balance growth, underwriting profitability, and capital efficiency.
Build a scalable, market-leading franchise.
Shape strategy and execution across underwriting, pricing, claims, and distribution.
Design, justify, and stand up a dedicated operating model and team.
Establish control through influence and define the opportunity and roadmap.
Own small commercial P&L visibility, including baseline performance, segmentation, and profitability drivers.
Diagnose portfolio health, including segment profitability, rate adequacy, expense evaluation, and claims drivers.
Evaluate current capabilities in underwriting, pricing, distribution, and operations.
Identify structural gaps compared to best-in-class small commercial models.
Build and socialize the Small Commercial Strategy & Operating Model Blueprint.
Begin influencing appetite clarity, pricing, and distribution focus.
Execute the approved investment roadmap, including talent acquisition, pricing/segmentation improvements, and workflow enhancements.
Begin formalizing P&L ownership mechanisms.
Deliver early wins such as improved loss ratio and increased quote-to-bind.
Establish underwriting guidelines, authority, producer segmentation, and a claims feedback loop.
Start building a dedicated small commercial identity internally and externally.
Build and lead a dedicated Small Commercial organization, including Product/Portfolio Management, Underwriting teams, Analytics/pricing partnership, and dedicated operations alignment.
Assume formal authority over underwriting execution for the segment.
Mature capabilities in advanced segmentation, pricing sophistication, automated underwriting, and digital distribution.
Optimize capital deployment through reinsurance usage, mix management, and expansion.
Deliver sustained outperformance versus plan and market.
Own Small Commercial P&L, including GWP, Earned Premium, Loss Ratio, Expense Ratio, and Combined Ratio.
Manage growth, retention, and mix/segmentation.
Set and refine appetite by class, size, industry, geography, and channel.
Drive rate adequacy and pricing sophistication with actuarial.
Actively manage concentration risk, cat exposure, and litigation-prone segments.
Define and outperform the annual business plan.
Partner with Operations/IT to build a fit-for-purpose small commercial engine, focusing on STP, simplified workflows, and pre-bind controls.
Improve cycle times, responsiveness, data capture quality, NPS/CSAT, referral SLAs, and ease-of-doing-business.
Partner closely with Claims to understand severity drivers, emerging trends, and reduce leakage.
Embed claims insights into pricing, appetite, and underwriting rules.
Assess talent across underwriting, product, and analytics.
Define hiring plans and capability requirements.
Justify ROI of organizational build-out.
Lead the Small Commercial team, including Product/Portfolio Leads, Underwriting leaders/teams, and Analytics.
Build a culture of ownership, data-driven decision-making, speed, and discipline.
Influence appetite, pricing, and underwriting decisions in the matrixed phase.
Recommend investment priorities and drive alignment across functions.
Co-own appetite, pricing direction, and underwriting frameworks in the shared authority phase.
Hold a formal role in governance committees.
Make final decisions on appetite, segmentation, product roadmap, and underwriting framework in the full P&L authority phase.
Have direct control over dedicated small commercial resources.