VP, Underwriting Officer

Underwriting Officer

The Underwriting Officer will lead the development of strategy, portfolio management and product across our P&C portfolio. The role will be primarily responsible for the oversight of our underwriting portfolios to achieve targeted profitability and growth. The position will have heavy engagement in the development and implementation of production, strategy, guidelines, policies and procedures.

Essential duties and responsibilities include the following:

1. Directs and maintains the development of underwriting strategies, guidelines, and policies/procedures for the underwriting function. This includes overseeing the evaluation of new products, new programs and business pricing structures.
2. Maintains alignment and support of the individual programs through communication, encouraging the sharing of information and continually seeking ways to improve.
3. Sets and delegates limits of authority, structures a referral process where risks that exceed individual authority are reviewed and signed off on by others; holds final authority over the acceptability and pricing of risks that exceed delegated authority levels or that are outside established underwriting guidelines.
4. Hands-on involvement as needed on larger and more complex risks, or on broader underwriting issues that can have a significant impact on the company.
5. Responsible for setting curriculum and mentoring as needed for individual development of team members to maximize the achievement of their potential as underwriters and leaders within the company.
6. Will proactively participate with the senior management team in developing and executing strategic plans to meet organizational business goals.
7. Tracks underwriting performance for production, efficiency, accuracy, and compliance.
8. Leads Q/A review of underwriting activities to assure compliance with company underwriting philosophy and practices; accomplishes this through a formalized quality review process that includes individual file reviews, broader skills assessments, and identification of training needs.
9. Collaborates with Distribution leadership to establish strategic plans for the longer-term, establishing initiatives now that center on future product and service offerings, closing team competency gaps, creating space for innovation and succession planning for the department.
10. Maintains awareness of competitor products, the overall insurance marketplace as well as industry issues to ensure the company is providing competitive and adequate insurance coverage.
11. Participates in broader organizational projects and initiatives, representing the needs of Amynta Dealer Solutions and AMCOM.

Qualifications:

• A significant level of property and casualty (P&C) underwriting and leadership experience, with a strong understanding of commercial package insurance.
• Good working knowledge of other P&C products beyond just the commercial package (e.g., workers compensation, commercial auto, umbrella D&O/EPL, etc.).
• Collaborative leadership style, with a shown ability of empowering others.
• Demonstrated ability to establish clear underwriting direction and strategy, while also possessing portfolio management skills.
• Critical thinker with the ability to bring together multiple solutions in a collaborative and cohesive way.
• Individually accountable and results oriented.
• Possess the ability to effectively build teams by attracting and building talent.
• Previous experience managing underwriting portfolios.
• Excellent communication, interpersonal, organizational, negotiating and planning skills.
• Intermediate skills in Microsoft Outlook, Excel, Word, and PowerPoint

Education and/or experience:

• A minimum of 10 years of direct, commercial Property & Casualty experience
• A minimum of 2.5 years in underwriting leadership positions
• BA/BS degree or equivalent leadership experience.