Property and Casualty Underwriter Manager

Ryan Specialty•New York, NY

17h

About The Position

The Product Head is responsible for driving the underwriting strategy and aligning the supporting talent and capital to drive results for a given product. They build and/or contribute to the partnerships needed internally and externally to deliver. They provide transparency and ensure metrics and reporting on their product are source of truth. And they provide additional support to the MGU as relates to their product. This role collaborates with MGU President / MD to ensure they are delivering on targets. They promote a culture consistent with Ryan’s values and ensure a sustainable business result.

Requirements

Bachelor’s degree or Master’s degree in Risk Management, Actuarial or Business Administration required
10+ years of experience in Property and Casualty insurance underwriting
State P&C and/or surplus line license is required
Property and Casualty Underwriting
Commercial Lines Underwriting
Market Intelligence
Business Portfolio Management
Performance Management
Financial Management
Technology Solutions
Insurance Industry Knowledge
Insurance Regulatory Compliance
Knowledge of Underwriting Systems and Tools
Problem-solving: the ability to solve problems with rigor and efficiency, incorporate diverse perspectives and creativity, and drive sustainable impact
Influencing: builds trust-based relationships, communicates effectively with all audiences, and persuades others to act
Execution: manages team to drive performance, executes in varying circumstances, and builds operational capabilities to drive impact at scale
People: helps others grow, acts as role model in the pursuit of own development and growth, and elevates team performance through the environment created
Entrepreneurial mindset: ability to integrate relevant insights and expertise, create strategic opportunities that broaden impact, and embrace healthy risk-taking

Nice To Haves

Industry designations like Chartered Property Casualty Underwriter (CPCU), ARM, AU-M, etc., are a plus

Responsibilities

Define the product-specific UW strategy consistent with capital provider appetite, premium expectations, mix (if applicable), permissible LR, etc.
Manage execution of UW strategy, including production/performance by UWer and accountability on rate
Manage product line portfolio performance (premium, NB/renew, LR, loss drivers, geo mix, LOB mix, etc.), UW guidelines/referrals, compliance and 1st line of defense
Monitor and refine product offering, including geographic expansion
Develop and maintain pricing models and associated data with pricing actuarial team
Arrange bespoke capital and coordinate within MGU and with RSUM on corporate capital partners, when needed
Attract, develop and retain UW talent; cascade authority when appropriate given capital partner commitments; succession plan to sustain
Identify and maintain other critical external partnerships (e.g., TPA relationships, service providers, data providers, etc.) needed to deliver on the value prop for the product
Partner within RSUM on shared services (actuarial, legal, compliance, etc.) to define own needs and flag concerns
Provide transparency on results and share best practices beyond own MGU
Ensure portfolio metrics to monitor health of the product portfolio and support robust communication to RSUM stewardship and capital providers, aligned guidance and agreements
Ensure integrity of data in any product-related reporting or portfolio reporting as relates to the product
Support distribution relations, as needed
Lead product-specific marketing, consistent with any overall (RSUM) guidance
Support the development of business plans with projections of GWP for product(s)
Support MGU staffing models and compensation strategies as related to product
Track production (daily/weekly/monthly/annually) and trends, flag divergence, and support updates to MGU forecasts
Support high quality & timely strategic and financial KPI management reporting as related to product
Ensure integrity of data in any financial and metric reporting related to product
Ensure operating plan and associated/enabling initiatives address needs of product