Sr Director Underwriting
About The Position
The Sr Director Underwriting will drive underwriting controls and program portfolio monitoring, with significant interaction with program administrators, brokers, reinsurance brokers, and reinsurers. Responsibilities may include direct handling of affiliate or non-affiliate insurance programs. The position serves as a conduit for underwriting information exchange and review with Actuarial, Finance and Accounting, Claims, Operations, Compliance, Legal, and Business Development–Portfolio Management teams. It reports to the Chief Underwriting Officer and may include direct reports. The role manages a team of underwriters and/or actuaries and is responsible for multiple underwriting books of business, customer and broker relationships, and the organization’s budget authority. The director manages a profitable book of business, evaluates portfolio results, makes underwriting decisions within assigned authority, executes underwriting strategy, and develops junior team members. Regular travel to key accounts and participation in industry events or committees are expected.
Requirements
- Bachelor's degree.
- 12 or more years of specialty underwriting experience.
- 6 or more years of supervisor or management experience.
Nice To Haves
- Master's degree.
- Excess and surplus underwriting experience.
- American Institute for Chartered Property Casualty Underwriter (AICPCU), Registered Professional Liability Underwriter (RPLU), or equivalent certification.
Responsibilities
- Establish and drive monthly and quarterly program and reinsurance oversight and review processes, including external stakeholder calls to support improvements, information exchange, and profitability targets.
- Establish an underwriting control framework and document underwriting processes, procedures, and controls for non-affiliate opportunities, including onboarding requirements and monthly or quarterly bordereau underwriting and claims reviews.
- Coordinate and participate with underwriting segment heads in quarterly reinsurance updates for each program.
- Share underwriting forecasts, updates, and program modifications with internal Finance and Accounting, Business Development–Portfolio Monitoring, Claims, Actuarial, Compliance, and Legal teams.
- Collaborate with underwriting segment heads to update and document underwriting strategies, annual business plans, and forecast updates.
- Drive onboarding and integration of underwriting automation tools, including CRM and file documentation imaging systems.
- Participate in reviews of new business opportunities involving risk taking, fronting, fee income, or investments, and assign lead underwriting responsibilities for affiliate and/or non-affiliate opportunities as appropriate.
- Manage a profitable book of business by making underwriting decisions in compliance with state laws and company guidelines, evaluating results, and conducting portfolio reviews.
- Review subordinate analyses of factors affecting profitability, growth, and retention; recommend, implement, and monitor necessary action plans.
- Review analysis prepared by subordinates and report to management and executive management.
- Accept, decline, or modify risks within assigned underwriting authority in partnership with the management team.
- Execute underwriting strategy, including portfolio management and self-audits.
- Travel regularly to key accounts and maintain a visible marketplace presence through industry events and/or committees.
- Manage, coach, and provide training support to develop junior team members.
- Perform other job-related duties as assigned.
Benefits
- Benefits are offered to support employees and their eligible family members; specific benefits are not listed.
- Relocation assistance, if applicable.
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What This Job Offers
Job Type
Full-time
Career Level
Director
