Director, Underwriting

This is a fully remote position, open to applicants in United States.

📋 Description

• Responsible for cultivating and managing relationships with carriers and reinsurers that offer capacity to the Program.

• Also accountable for executing risk selection and pricing in line with the assigned underwriting authority.

• Oversees the development and management of the underwriting team to support program objectives.

• Tasked with achieving account retention, underwriting profitability, rate adjustments, and new business goals.

• Performs all responsibilities in compliance with company policies and procedures, as well as federal, state, and local laws applicable to the Company's operations.

• Executes authority as designated underwriter as defined in the company’s insurance program management agreements with carriers.

• Manages the referral process with carrier underwriters for accounts that require carrier review and approval.

• Engages with brokers, insureds, Underwriters, and Assistant Underwriters as necessary to establish and attain underwriting objectives.

• Oversees the insurance program renewal process with carriers and reinsurers.

• Collaborates with the executive leadership team to identify and develop new program opportunities.

• Develops and implements risk management and loss control strategies for assigned program business.

• Aids in defining strategic goals for team(s), including but not limited to resource planning, educational/training needs, policy formulation, and business expansion.

• Identifies, coordinates, and manages all pertinent external business partner relationships, including but not limited to insurance carriers and third-party claims administrators and vendors.

• Leads and manages all assigned client underwriting projects.

• Delivers analysis to clients directly in a confident and comprehensible manner.

• Supports underwriting teams in prospecting efforts, including but not limited to meeting with broker clients to clarify underwriting appetite and demonstrate the relevance of the company’s insurance programs to client needs, as well as preparing written RFP responses, finalist presentations, and associated follow-up activities.

• Maintains data tracking and reporting for financial management, underwriting models, client reports, and other analytical reporting deliverables.

• Participates in educational opportunities to enhance underwriting knowledge, market trends, and the regulatory environment.

• Addresses incoming correspondence and responds as required in a timely manner.

• Takes the lead in training development and execution on all underwriting and analysis-related topics.

• Acts as a mentor to the underwriting team.

• Executes other duties as assigned.

⛳️ Requirements

• Bachelor's Degree or an equivalent combination of education and experience.

• A minimum of ten (10) years of relevant experience.

• At least five (5) years of managerial experience leading a team.

• Valid insurance license (or must be obtained within 90 days of employment).

• Must continue to fulfill Continuing Education requirements for license renewal.

• Proficient in Microsoft Office Suite, with advanced MS Excel skills required.

• Expert in all key areas of underwriting, including risk selection, pricing, and determining key subjectivities.

• Proficient in understanding actuarial plan values and their application in various pricing and analysis projects.

• Comprehensive understanding of underwriting models and reporting templates, with the capability to fully modify and customize to meet customer needs.

• Competent in multiple carrier data and reporting systems as necessary to procure claim data for reporting and analysis purposes.

🏝️ Benefits

• Competitive salary and performance-based bonuses.

• Comprehensive health, dental, and vision insurance plans.

• Generous paid time off and holidays.

• Opportunities for professional development and continuing education.

• Supportive work environment that encourages personal growth.