Sr Director Underwriting

NextEra Energy•North Palm Beach, FL

About The Position

At PALMS Insurance, a NextEra Energy company, this role drives 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 exchanging and reviewing underwriting information 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 position manages a team of underwriters and/or actuaries and is responsible for multiple underwriting books of business. It manages customer and broker relationships and has budget authority over its organization. The role manages profitable business, executes underwriting strategy, evaluates portfolio results, and makes underwriting decisions within assigned authority.

Requirements

Bachelor's degree.
12+ years of specialty underwriting experience.
6+ years of supervisor or management experience.

Nice To Haves

Master's degree.
Experience in excess and surplus underwriting.
AICPCU, RPLU, or equivalent certification.

Responsibilities

Establish and drive monthly and quarterly oversight and review processes for programs and reinsurance, including calls with external stakeholders to drive improvements and information exchange in support of 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 underwriting onboarding and integration of automation tools, including CRM and file documentation imaging systems.
Participate in reviews of new business opportunities involving risk taking, fronting, fee income, and investments; assign lead underwriting responsibilities for affiliate and/or non-affiliate opportunities as appropriate.
Manage a profitable book of business by implementing underwriting decisions in compliance with state laws and company guidelines, evaluating results, and conducting portfolio reviews.
Review analyses of factors affecting profitability, growth, and retention prepared by subordinates; recommend, implement, and monitor action plans.
Review analyses prepared by subordinates and report findings to management and executive management.
Make underwriting decisions to accept, decline, or modify risks within assigned 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 by participating in industry events and/or committees.
Manage, coach, and provide training support to develop junior team members.
Perform other job-related duties as assigned.