Senior Portfolio Underwriter

Munich Re Careers • Hartford, CT

9d

About The Position

The Senior Portfolio Underwriter at HSB holds the paramount responsibility for managing, monitoring, expanding, and optimizing the portfolio products for the company’s largest and most critical client company relationships. This role is central to achieving profit and growth objectives and is a cornerstone of HSB's strategic initiative to foster business growth. It involves acting as a catalyst in the introduction of new products and managing the performance of existing client companies. As a thought leader for clients, the Senior Portfolio Underwriter is tasked with devising innovative solutions by tapping into HSB’s comprehensive resources, encompassing data, products, and services. The role demands a tactical deployment of HSB’s capabilities to maximize and enhance client partnerships. In collaboration with Product Managers and the Underwriting Lead, the Senior Portfolio Underwriter utilizes creative data analysis methods, such as diagnostic and predictive analytics, to gain a deep understanding and optimization of product performance. These analytical techniques are essential for developing targeted strategies for corrective actions, ensuring rate adequacy, precise price segmentation, and identifying emerging loss trends. This responsibility includes a thorough examination of claims, engineering reports, expenses, exposure data/profile shifts, pure premium trends, and third-party exposure data. The Senior Portfolio Underwriter is also responsible for crafting and delivering compelling client presentations externally. These presentations are designed to effectively communicate financial results, data analyses, rate assessments, and evolving loss trends, positioning the Senior Portfolio Underwriter as the technical authority for both clients and the Client Integration Team. With underwriting binding authority, the Senior Portfolio Underwriter independently makes crucial underwriting decisions that directly influence the financial outcomes of their assigned portfolio, thereby impacting the company’s P&L.

Requirements

• Bachelors or equivalent work experience is required
• 7+ years of P&C insurance/reinsurance experience
• Demonstrated understanding of commercial and personal lines insurance and reinsurance coverage, concepts, principles, exposures and processes to drive profitable results
• Demonstrated ability to translate large data analysis into actionable decisions
• Demonstrated understanding of rate development (pure premium), price segmentation & detecting leading loss trends
• Past experience with responsibility for achieving profit and growth targets for a book a business.
• Demonstrated experience with negotiation and conflict resolution
• Exhibited ability to develop creative and unique solutions
• Financial Statement (Business Finance) knowledge and analysis
• General insurance/reinsurance industry knowledge
• Presentation Skills
• Strong interpersonal, written and verbal communication skills
• Portfolio analysis
• Organization and time management skills
• Consultative and Strategic negotiation skills
• Strong project management skills to manage multiple concurrent projects and issues.
• PC skills (Excel, PowerPoint, Power BI, and Word)
• Detail Oriented
• Action oriented with strong analytical, Actuarial skills, Statistical analysis, innovation and persuasion skills to influence change
• Naturally curious and inquisitive to identify issues and solve problems.
• Resourceful in order to research issues, assemble support, and recommend creative solutions to underwriting issues

Nice To Haves

• 5+ years in Underwriting preferred
• HSB Product knowledge and Previous Experience and familiarity with HSB is desired

Responsibilities

• Managing, monitoring, expanding, and optimizing portfolio products for the company’s largest and most critical client company relationships.
• Acting as a catalyst in the introduction of new products and managing the performance of existing client companies.
• Devising innovative solutions by tapping into HSB’s comprehensive resources, encompassing data, products, and services.
• Tactically deploying HSB’s capabilities to maximize and enhance client partnerships.
• Utilizing creative data analysis methods, such as diagnostic and predictive analytics, to gain a deep understanding and optimization of product performance.
• Developing targeted strategies for corrective actions, ensuring rate adequacy, precise price segmentation, and identifying emerging loss trends.
• Conducting thorough examination of claims, engineering reports, expenses, exposure data/profile shifts, pure premium trends, and third-party exposure data.
• Crafting and delivering compelling client presentations externally to communicate financial results, data analyses, rate assessments, and evolving loss trends.
• Making crucial underwriting decisions with underwriting binding authority that directly influence the financial outcomes of their assigned portfolio.
• Achieving profit and growth targets for a book of business.

Benefits

• Diversity and Inclusion initiatives
• Inclusive culture
• Workplace where all colleagues feel respected, valued and empowered
• Recruit and develop talent with a focus on providing innovative products and services
• Equal opportunity employer
• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions

What This Job Offers

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