Chief Underwriting Officer

Description

In this position

Primary responsibility for leading the strategic direction and operational management of the underwriting function. Additional responsibilities include driving underwriting excellence including general underwriting policy and underwriting management best practices. This includes advancing underwriting profitability governance product and pricing strategies adoption of new tools data and analytics and empowering our underwriters to make informed underwriting decisions within that framework. As a leader within the organization this individual will help shape the overall direction of the business identify growth opportunities innovate our product set anticipate and react to market trends and drive profitability across the portfolio.

While the primary product is Commercial Auto the successful candidate should have experience operating across a wide range of insurance products and exposures including excess property casualty liability marine and credit and financial lines. As such the role requires strong core knowledge of North American insurance markets including captive and independent with a concentrated focus in commercial auto. Our approach to the market and portfolio of customers and products requires the ability to pivot from portfolio underwriting to individual account underwriting and back.

Responsibilities

Leadership and management responsibilities for the Commercial Auto team. The fundamental areas of engagement and responsibility are :

Overall Underwriting Leadership

Manage Ford Pro Insures overall commercial auto underwriting function including production guidelines reinsurance utilization loss results referrals and renewals

Set manage and achieve underwriting targets to ensure profitable growth; establish and monitor relevant KPIs including submission rate quote ratio bind ratio etc.

Manage a team of underwriters including effective delegation of underwriting authority (balancing speed to market against effective risk controls) mentoring / coaching and providing vision and growth opportunities

Manage strategic distribution partners (e.g. wholesalers brokers MGA etc.) including monitoring of profitable production targets go-to-market strategies (in conjunction with the sales teams) and issues resolution

Collaborate with actuarial teams to validate pricing assumptions and ensure alignment with underwriting guidelines

Work closely with both internal and external customers to ensure the highest underwriting standards

Champion and represent the underwriting function while effectively interacting with other internal stakeholders / function

Strive to exceed Fords customer service expectations throughout the buying / servicing / renewal process

Portfolio Optimization & Technical Underwriting :

Provide deep technical expertise and guidance for all business unit product capabilities serve as a trusted advisor

Oversee the management and refinement of all Underwriting Guidelines in collaboration with ecosystem partners capabilities

Drive thoughtful cycle management across the portfolio leveraging analytics and functional support resources to capitalize on high margin opportunities reposition or exit unprofitable market segments and grow / maintain margins for the balance of the book

Proactively monitor key underwriting and claims metrics to identity emerging risks and opportunities

Collaborate with underwriting leaders business performance management actuarial and modeling teams to develop and implement technical pricing and other analytic capabilities to drive price adequacy and profitability

Implement assess and refine pricing strategies; including risk tiering segmentation and other methods to optimize portfolio in collaboration with actuarial

Act as underwriting referral point for complex risks and risks that exceed authority levels

Proactively drive underwriting actions and initiatives to improve overall profitability of the portfolio

Implement adoption of advanced tools and supplemental data sets to enhance and augment underwriting

New Product Development :

Ensure that proper Underwriting strategies align with appetite and target portfolio metrics

Oversee coordination and evaluation of new product program and geographic expansion opportunities

Underwriting Governance and Controls :

Develop effective processes policies procedures and controls to ensure effective and quality underwriting

Increase the use of underwriting automation with the necessary controls to enable the business to scale

Ensure regulatory compliance and the underwriting function adapts to any regulatory change strategic decisions or adoption of best practices

Manage internal and external audit procedures

UW Audit Process :

Manage overall underwriting audit framework in collaboration with compliance

Lead and manage the quality / content of Underwriting audit findings and the audit process. Use the audit process to build & strengthen underwriter skill sets improve strategies and update guidelines over time

Manage audit recommendations generated by audit findings to conclusion and create a team process to do so. Implement and monitor supplementary underwriter self-audit quality control processes

Risk Management :

Manage portfolio Gross / Net premium and CAT accumulations

Monitor and manage portfolio within established tolerances thresholds and target metrics

Support Treaty insurance reviews and placements in coordination with the Ceded Reinsurance team

Monitor and manage Risk Management and capital adequacy framework in partnership with Finance and Actuarial Teams; ensure appropriate reinsurance strategies are leveraged based on portfolio and individual account characteristics maturity of products and underwriting experience and performance targets

Ford Pro Insure representative on Underwriter Committees North American Statutory Boards and Corporate Enterprise Risk Management process requirements as necessary

Authority Management & Governance :

Responsible for delegation of underwriting authority and attestations of underwriting team; maintain and improve an appropriate referral and delegation process based upon experience and skill sets and partner

Establish a process that confers underwriting authority after completion and review of on boarding process and provide updates as needed. Monitor authority levels each year and work to modify as needed over time

Training & Talent Development :

Continuously work with Ford Pro Insures underwriters to ensure execution of underwriting guidelines and best practices across the underwriting function

Encourage underwriter development and support model that allows the underwriting team to professionally grow

Document and regularly update underwriting guidelines manuals and processes / procedures to drive positive underwriting engagement and makes efficient use of underwriting talent

Collaborate with Talent development on training and development opportunities to enhance modern underwriter skillsets

Advance underwriting skillsets to adapt to rapidly changing risk landscape. Oversee the ongoing development of underwriters - customer-focused and solutions-oriented expert that relies on data-driven decision-making and technology to optimize their underwriting portfolio and deliver consistent underwriting profit. Manage training needs based upon audit feedback referral reviews and new product needs

Product Development and Management :

Build out Ford Pro Insures commercial auto product function to meet customer needs

Partner with internal and external stakeholders to position Ford Pro Insures offerings in the marketplace and contribute to new product development

Collect market intelligence to analyze market trends and competitor product / pricing strategies to inform product / pricing decisions and ensure competitiveness

Direct teams to conduct regular product reviews to assess performance profitability and market competitiveness and recommend adjustments as necessary (including development of new products)

Develop differentiated programs for focused market segments as part of an overall program business strategy

Build tools processes and documentation to ensure repeatable and compliant product development and implementations

Manage mentor and develop a team of product managers ensuring defined to attract and retain talent

Ford Pro Insure Expansion :

Support Ford Pro Insures national footprint and expansion strategies specifically from a product and underwriting perspective

Ensure compliant state product filing activities by preparing necessary documentation and ensuring compliance with regulatory requirements

Participate in the review and approval process for state filings ensuring timely submissions and adherence to regulatory timelines

Collaborate with cross-functional teams to gather and document business requirements and processes for new products and enhancements to existing offerings

Ensure that all business requirements are clearly communicated to relevant teams including IT Finance Claims and Operations for effective implementation

Qualifications

Qualifications Skills and Experience :

Minimum of 15 years of insurance product and underwriting experience including a minimum of 5 years of commercial auto insurance experience (while not required experience with multi-line insurance product and underwriting is a plus)

At least five years of experience leading and developing a team allocating resources efficiently and setting realistic timelines

Experience building and / or leading business units with a track record of growth and profitability

Experience leveraging data driven decision making

Continuing progress toward or completion of a professional designation (e.g. CPCU ARM) preferred

Thorough understanding of state regulations governing commercial auto policy issuance and use including policy forms and coverage

BA / BS degree or equivalent experience

Strong problem-solving analytical and technical skills to assess risk

Proficient in underwriting and data software / analysis tools

Prior MGA experience a plus

Broad knowledge of P&C and Financial Lines underwriting

Ability to operate in a dynamic and high paced environment with a sense of urgency

Adaptable and able to manage competing priorities

Growth mindset desire to both learn and teach

Ability to drive data analytics and make appropriate correlations on results

Ability to manage multiple projects and timelines across a variety of stakeholders to meet target deliverable deadlines

Strong communications skills both written and oral. Ability to concisely provide executive summaries to senior management as needed

Experience in corporate governance and controls management including exposure to a wide variety of systems

Wide variety of assignments in operational workflow reviews and systems a plus

Experience in corporate governance controls and supporting infrastructure

Well organized with relentless attention to detail

Self-motivated

Ability to work both independently and collaboratively in a team environment

Action oriented and strong work ethic

What youll receive in return...

As part of the Ford family youll enjoy excellent compensation and a comprehensive benefits package that includes generous PTO retirement savings and stock investment plans incentive compensation and much more. Youll also experience exciting opportunities for professional and personal growth and recognition. Our benefits summary can be found here .

You may not check every box or your experience may look a little different from what weve outlined but if you think you can bring value to Ford Motor Company we encourage you to apply!

As an established global company we offer the benefit of choice. You can choose what your Ford future will look like : will your story span the globe or keep you close to home Will your career be a deep dive into what you love or a series of new teams and new skills Will you be a leader a changemaker a technical expert a culture builderor all of the above No matter what you choose we offer a work life that works for you including :

Immediate medical dental vision and prescription drug coverage

Flexible family care days paid parental leave new parent ramp-up programs subsidized back-up childcare and more

Family building benefits including adoption and surrogacy expense reimbursement fertility treatments and more

Vehicle discount program for employees and family members and management leases

Tuition assistance

Established and active employee resource groups

Paid time off for individual and team community service

A generous schedule of paid holidays including the week between Christmas and New Years Day

Paid time off and the option to purchase additional vacation time.

Visa sponsorship is not available for this position.

Candidates for positions with Ford Motor Company must be legally authorized to work in the United States. Verification of employment eligibility will be required at the time of hire.

We are an Equal Opportunity Employer committed to a culturally diverse workforce. All qualified applicants will receive consideration for employment without regard to race religion color age sex national origin sexual orientation gender identity disability status or protected veteran the United States if you need a reasonable accommodation for the online application process due to a disability please call 1-.

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Required Experience :

Chief

Key Skills

C#,Apache Web Server,Credit,Food & Beverage,Biology

Employment Type : Full-Time

Experience : years

Vacancy : 1