Underwriting Director - Inland Marine (Remote - Texas)
About The Position
At Intact Insurance Specialty Solutions, we are experts at what we do in protecting what makes businesses unique. Our deep understanding of the specialty insurance market is the foundation for our customized solutions, backed by targeted risk control and claims services. Our employees are passionate about providing insurance coverage that’s aligned to our targeted customer groups. Intact’s Global Specialty Lines business spans across more than 20 verticals in four distinct markets: U.S., Canada, UK and Europe. The following opportunity is for our U.S. team. We currently have an opportunity for an Underwriting Director to join our Inland Marine team located remotely in Texas. The Underwriting Director directs effective product development, pricing and underwriting through managing all components of profit, loss, and expenses for a significant specialty product line or multiple lines. Develops underwriting strategy for specialty product line(s). May oversee one or more region within a significant specialty business.
Requirements
- Bachelor’s degree required.
- 10 years insurance experience or related education/experience.
- Minimum 5-7 Supervisory/Management years of experience required.
Nice To Haves
- MBA, CPCU or RPLU designation highly desirable.
Responsibilities
- Responsible for the financial performance of the Specialty product line including loss ratio, premium plans and commission targets. Achieves profitability and growth goals through the development and execution of annual strategic plan including specific underwriting, pricing, retention, service, and expense plans.
- Analyzes book trends and manages catastrophe plans. Analyzes data on competitors’ products, programs, and pricing levels. Makes recommendations for new pricing levels and product modifications. Enhances existing products and programs through collaboration with Specialty staff and appropriate actuarial staff. Maintains a strong professional knowledge of regulatory and legal environments. Communicates and acts on this information effectively.
- Develops methods for building and mobilizing a technically competent and highly effective staff capable of meeting current and future needs of the corporation through effective leadership and human resources management.
- Ensures compliance with underwriting standards and authorities. Has ultimate underwriting authority for a Specialty line of business. Directs underwriting decisions in compliance with state laws.
- Directs and participates in the creation of underwriting guidelines, product and coverage forms or system modifications. Is recognized in the company as the subject matter expert on a particular Specialty line of business.
- Monitors corporate results, develops and implements actions as needed. Establishes profit, growth and operating objectives as part of the overall plan for Specialty Lines segment(s).
- Participates in producer presentation meetings, including travel to key producers. Maintains high level producer relationships. Effectively communicates strategic direction of the company and the Specialty line of business to external audiences.
- Directs, manages, and develops Management staff. This includes goal setting, assessment, staff selection, role alignment and completion
Benefits
- Comprehensive medical, dental and vision insurance with no waiting period
- Competitive paid time off programs
- 401(k) savings and annual contributions of up to 12% of annual salary
- Mental health support programs, life and disability insurance, paid parental leave and a variety of additional voluntary benefits
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What This Job Offers
Job Type
Full-time
Career Level
Manager
