Senior Director – Portfolio Risk & Underwriting Strategy

This is a fully remote position, open to applicants in Nebraska, +1 more state.

📋 Description

• Oversee portfolio risk management and performance across various products, programs, distribution channels, and geographical areas, ensuring profitable growth and careful risk selection.

• Examine loss, exposure, pricing, frequency, severity, mix-of-business, and market trends to pinpoint emerging risks and suggest timely portfolio actions.

• Guide underwriting strategy and governance, which includes pricing, eligibility, authority, referral, and exception frameworks.

• Collaborate with Actuarial, Product, Finance, Sales, and Operations teams to assess product modifications, pricing strategies, reserving impacts, and opportunities to enhance portfolio returns.

• Direct forecasts, predictive models, simulations, dashboards, and scenario analyses, converting technical outcomes into actionable business decisions.

• Set up portfolio monitoring routines, performance benchmarks, and executive reporting standards.

• Shape product design and program strategy by evaluating financial, actuarial, underwriting, operational, and customer impacts.

• Make informed decisions in ambiguous, high-stakes situations and communicate recommendations, trade-offs, and financial implications to senior leadership.

• Enhance underwriting processes, data, tools, controls, and governance structures.

• Lead, mentor, and cultivate a high-performing team while fostering organizational collaboration and analytical expertise.

• Protective Asset Protection offers finance and insurance solutions, vehicle protection plans, GAP coverage, limited warranties, and ancillary products for automotive, marine, powersports, and recreational vehicle markets.

⛳️ Requirements

• A Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, Risk Management, Business, or a related field.

• Over 7 years of progressive experience in underwriting, actuarial science, portfolio management, product management, risk management, or a related insurance discipline.

• At least 4 years of relevant leadership experience, including direct people management.

• Proven experience managing portfolio performance and profitability across various products, programs, markets, or distribution channels.

• Proficiency in utilizing analytics, performance metrics, and financial insights to support strategic decisions and portfolio actions.

• Documented success in collaborating across functions to shape business strategy and implement complex initiatives.

• Capability to present recommendations and influence decisions at the senior leadership level.

• Extensive knowledge of underwriting, portfolio management, risk selection, and drivers of insurance profitability.

• Strong actuarial and quantitative skills, including pricing, forecasting, trend analysis, scenario modeling, and performance measurement.

• Familiarity with loss cost, frequency, severity, exposure, mix, concentration, and rate adequacy concepts pertinent to P&C or specialty insurance portfolios.

• Ability to lead cross-functional initiatives and influence teams across Actuarial, Product, Finance, Sales, Operations, and Technology.

• Skills in people leadership, coaching, talent development, and managing organizational change.

• Preferred: 8+ years of progressive experience in actuarial, underwriting, portfolio management, product management, or insurance risk leadership.

• Preferred: ACAS, FCAS, or significant progress towards a Casualty Actuarial Society designation; CPCU, ARM, or another relevant insurance certification.

• Preferred: Background in automotive finance and insurance (F&I), extended service contracts, vehicle protection products, warranty administration, specialty insurance, or related P&C markets.

• Preferred: Experience in pricing strategy, reserving, predictive analytics, loss trend analysis, or implementation of actuarial models.

• Preferred: Experience leading underwriting transformations, governance, data modernization efforts, or technology-enabled decision-making.

• Preferred: An advanced degree such as an MBA, MS, or related discipline.

🏝️ Benefits

• Comprehensive health, dental, and vision insurance.

• Mental health benefits.

• Employee assistance program.

• Paid time off.

• Paid parental leave.

• Short-term disability coverage.

• Cultural observance day.

• Contributions to healthcare accounts.

• Pension plan.

• 401(k) plan with company matching.

• ProHealth Rewards wellness platform offering cash rewards.

• Additional incentives through an annual performance-based incentive program.