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- Implementing a strategy to qualify, select and assess risk which aligns with robust underwriting controls.
- Building and Maintaining Risk Evaluation, UW Engine, Guidelines, Scoring and third-party data
- Ensures Forms are fit for competitive and risk management purposes.
- Engage directly with internal and external distribution partners to execute the business plan, maintain a pulse on the trading environment and drive product development.
- Builds credibility as a subject matter expert on strategic underwriting issues and acts as the underwriting spokesperson in the industry.
- Ensures product and services resonate with customer whether direct or through intermediaries.
- Delivers strategies to maintain and expand appetite to drive growth.
- Sets individual risk, concentration risk and aggregate limit strategies.
- Deploys authority to and sets training agenda for team.
- Delivers regular training to Distribution teammates.
- Sets target Referral Trigger Strategy and Referral Volume KPI.
- Monitor industry trends, market conditions, and regulatory changes affecting insurance underwriting and make recommendations for adjustments to policies and practices.
- Collaboration across the organization to ensure that Claims, UW and Actuarial have a clear view of the underwriting roadmap, and challenges and opportunities to our loss ratios through:
- Transparent and Timely Communication & Collaboration
- Operating Routines to hand off data and anecdotal information.
- Regular review of analysis of loss cost KPI's.
- Encourages continuous improvement of results to increase productivity, profitability and ensure standards set by underwriting excellence are met.
- Collaborates across the organization to drive profitable growth agenda.
- Continuously improves the business.
- Minimum 10 years, operating at a leadership level as an expert in Small business & Digital Underwriting.
- Decision Quality: Ability to make effective decisions to drive profitability.
- Strategic Mindset: Ability to develop long term underwriting strategies which evolve with changing markets.
- Innovation: Ability to develop and implement underwriting solutions that lead in the market
- Entrepreneurial outlook and commercial sensibilities to apply broad thinking to business issues.
- Dynamic problem-solving ability, including the ability to manage and prioritize several potentially competing objectives.
- High learning agility and intellectual curiosity, combined with the organizational coordination to work in a matrixed environment.
- Collaborative and effective at bringing together different parts of the organization to drive results.
- Strong 'board room' presence with maturity, confidence, and experience to interact effectively with various levels of personnel/management both internally and externally.
- Advanced communication skills, including consensus building and presentation skills.
- Ability to, in both written and oral presentations, clearly communicate technical issues in simple, understandable terms.
- Strong management and leadership abilities with a focus on recruiting and retaining best talent and capitalizing on the existing strengths within the organization.
- CPCU or RPLU designation a plus, but not required.
- Competitive salary and bonus (based on personal & company performance)
- 401(k) with competitive company matching
- Comprehensive health insurance, vision, dental and FSA plans (medical, limited purpose, and dependent care)
- Company paid group term life, short- term disability and long-term disability coverage
- 24 Paid time off days, 2 Hiscox Days, 10 paid holidays, and ability to purchase 5 PTO days
- Paid parental leave
- 4 week paid sabbatical after every 5 years of service
- Financial Adoption Assistance and Medical Travel Reimbursement Programs
- Annual reimbursement up to $600 for health club membership or fees associated with any fitness program
- Company paid subscription to Headspace to support employees' mental health and wellbeing
- Recipient of 2021 Cigna's Well-Being Award for having a best-in-class health and wellness program
- Dynamic, creative and values-driven culture
- Modern and open office spaces, complimentary drinks
- Spirit of volunteerism, social responsibility and community involvement, including matching charitable donations for qualifying non-profits via our sister non-profit company, the Hiscox USA Foundation
Vice President Practice Leader - White Plains, United States - Hiscox
Description
Job Type:Permanent
Build a brilliant future with Hiscox
The Role
The ML Practice Leader, Underwriting Management is a strategically important role to Hiscox USA and its vision to become America's Leading Small Business Insurer. In this role, this leader is charged with leading our underwriting for our Private D&O, EPL, Fiduciary and Crime products through both our Digital and Traded channels. The role reports to the SVP, Underwriting Management.
Key Responsibilities include:
Leadership and collaboration across the organization.
Appetite, Risk Selection & Forms
Limits, Aggregation, Authority, Training & Emerging Risk
Distribution engagement
Appetite, Risk Selection & Forms:
$175, $223,000.00
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Work with amazing people and be part of a unique culture