VP Capacity & Business Development

Mission US

90d

About The Position

Oversee the procurement of insurance capacity and business development. The successful candidate will coordinate the placement of 3rd party insurance and reinsurance capacity as well as oversight into sourcing and vetting new programs and products on behalf of our Mission Underwriters. This role requires a strategic and entrepreneurial thinker with a strong insurance and reinsurance industry network capable of developing and managing complex insurance programs. Underwriting, brokerage, and experience in the program insurance and reinsurance markets are prerequisites.

Requirements

• Bachelor’s degree in business, Finance, Insurance, or a related field from a four-year college or university.
• Minimum of 10 years of insurance industry experience, specifically underwriting, insurance placement, and program management.
• Proven relationships with primary insurance carrier markets, reinsurance carriers, and brokers.
• Prior reinsurance experience is preferred but not required.

Nice To Haves

• CPCU or other industry professional designation desired.
• Other industry professional designation desired.

Responsibilities

• Coordinate the development of new insurance programs for Mission, including gathering required information to develop submission documentation to assist placement and maintenance throughout the program life cycle.
• Work closely with program leadership to develop and design comprehensive insurance programs accretive to their operations and Mission.
• Prepare detailed underwriting submissions and ensure they meet the requirements of program carriers, reinsurance brokers, and reinsurance markets.
• Coordinate necessary supporting underwriting data with various internal resources and third parties, including but not limited to actuaries, attorneys, and regulatory bodies.
• Review and negotiate carrier agreements and contracts on behalf of the respective programs.
• Actively manage and negotiate program insurance and reinsurance renewal placements, ensuring successful terms to support long-term growth and profitability.
• Play a highly active role/relationship with clients via email, telephone, and face-to-face interactions, dealing with third party, underwriter, and market representative queries.
• Foster and maintain strong relationships with primary insurance carrier markets, reinsurance carriers, reinsurance brokers, and Lloyd's Syndicates.
• Demonstrate a strong working knowledge of the insurance and reinsurance market, including fronting and hybrid insurance carriers.
• Demonstrate excellent technical knowledge and ability to communicate this to various audiences (Program Carrier and Reinsurance Underwriters, Reinsurance Brokers, Internal and external constituents).
• Collaborate with Mission program leadership and external brokers to identify and qualify opportunities for business development.
• Assist in designing program structures with Mission leadership, and brokers to achieve desired outcomes and actualize new programs promptly.
• Ensure timely delivery and operationalization of insurance programs, working collaboratively with various stakeholders at Mission.
• Monitor and manage the performance of insurance and reinsurance programs to ensure they meet the expectations and needs of internal and external stakeholders.
• Implementation and monitoring of agreed business plans, including weekly or monthly business planning meetings/conference calls with program and Mission leadership on the status of required actions.
• Monitor underwriting and loss activity and implement pricing/coverage modifications as required in coordination with the Program leadership.
• Work with programs on 3rd party audit compliance and ensure timely corrective action is taken as required.

What This Job Offers

• Education Level: Bachelor's degree
• Number of Employees: 11-50 employees