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    Executive Production Underwriter Reinsurance and Alternative Risk - Birmingham, United States - ProAssurance

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    Description
    Executive Production Underwriter Reinsurance and Alternative Risk - Medical Professional Liability page is loaded

    Executive Production Underwriter Reinsurance and Alternative Risk - Medical Professional Liability

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    locations

    Birmingham, AL

    Tennessee

    Illinois

    Georgia

    Pennsylvania

    time type

    Full time

    posted on

    Posted 5 Days Ago

    job requisition id

    R2834

    An exciting opportunity exists to join the ProAssurance family of companies

    We are a specialty writer of professional liability, products liability and workers' compensation insurance.

    With approximately 1,000 team members operating in all 50 states, we are well-positioned to offer career opportunities to individuals interested in professional growth.

    This position supports our medical professional liability line of business and can be fully remote in the contiguous United States

    Summary:


    This role is a key business leader in the organization and will be the underwriting lead, and liaison for assumed reinsurance, loss portfolio transfers, and ProAssurance HCPL treaty coordination activities.

    The Executive Production Underwriter,

    Reinsurance/Alternative

    Risk Solutions is an important contributor in the development and execution of the company's strategic plans for both growth and profitability

    Essential Duties and Responsibilities:
    25%


    Reinsurance ManagementMaintains Assumed Reinsurance book through assessment of risk tolerance, market appetite and emerging risk issues and executes underwriting strategy.

    Works with actuaries to evaluate hospital and assumed reinsurance underwriting opportunities, trends, and patterns for new business as well as renewal accounts.

    Creates and reviews underwriting performance measures with management team.
    Review and summarization of key terms and provision sin assumed re contracts.
    Provide technical support for ProAssurance HCPL ceded reinsurance program/treaty including contract analysis.
    Reviews and revises workflow, process and procedures for continuous improvement.20%

    Underwriting Performance and Claims ReviewsEnsures Assumed Reinsurance alignment of individual goals with company goals.
    Monitors Assumed Reinsurance new business production and renewal retention against plan and takes corrective action as needed.
    Establishes and ensures implementation of an underwriting quality assurance program for Assumed Reinsurance underwriting.

    Work closely with Actuarial to develop pricing for all Assumed Reinsurance new business and renewal accounts in accordance with the company's underwriting authority requirements.

    Works closely with and coordinate claims monitoring of all Assumed Re deals.15%

    HCPL Treaty and Cyber Reinsurance CoordinationCoordination of HCPL Reinsurance Treaty with reinsurance intermediary. Manage and adhere to all renewal timelines and key activities, including the submission gathering coordinationCoordination of Cyber reinsurance and all activities relating to relationships with the cyber market(s)10%

    Strategic PlanningOversees the strategic plan for ProAssurance's Assumed Reinsurance, Alternative Risk, and Loss Portfolio Transfer underwriting and administrative functions. Hereinafter referred to as Assumed ReinsuranceMonitors performance against strategic plan and provides regular updates to managementCoordinates with all underwriting product areas to ensure Assumed Reinsurance plans are alignedEnsures achievement of profitable Assumed Reinsurance growth and adherence to plan goals and objectives10%

    Culture ManagementDemonstrates ProAssurance values at all timesHolds Assumed Reinsurance working group accountable for following cultural values and norms.10%

    Policy and Procedure Development and ComplianceEstablishes common policies and processes ensure organizational consistency with respect to all functions.
    Monitors compliance, reports results, and assures corrective actions for all functions.5%

    Innovation and Product DevelopmentKeeps educated on evolving risks, and exposures. Engages others about ways to improve the service and/or products that we provide. Encourages others, at all levels, to offer ideas and take initiative to vet those ideas.


    Secondary Duties and Responsibilities:


    5% Other duties and tasks as assigned by managementQualificationsBachelor's degree required, advanced degreeCPCU or RPLU or reinsurance and/or captive specialty designation required10 years of underwriting experience in P&C insurance with seven (7) or more of those reinsurance underwriting and proven skills with insurance contract analysis Extensive knowledge of medical professional liability insurance products, distribution channels both retail and reinsuranceDemonstrated leadership, relationship and team building skills and critical thinking skillsDetail oriented and disciplined execution skillsStrong relationship and influence management skillsSuperior communication and presentation skillsAdaptable and comfortable with changeUnderstanding of insurance terminology, insurance and underwriting principles requiredProficiency with Microsoft Office SuiteExcellent organizational and interpersonal skillsSelf-motivated and able to accomplish multiple tasks within deadlinesAbility to process information logicallyStrong analytical skills to interpret data and make sound decisions and devise appropriate solutionsExperience in a production underwriting role, with specific broker territory and assignments.

    Superior negotiation, marketing and sales skills.
    Magnificent large account skills with superb knowledge of actuarial tools and methods.

    Able to review the work of others, provide feedback and approve other underwriters' quotationsMeets work deadlines, excellent desk management skills.

    Solid knowledge of rating and documentation management and workflow systems.

    Able to create, build and develop superior relationships with agencies and internal colleaguesAble to handle referrals, review the work of others, and provide effective coachingAbility to attend insurance and industry/business functions to promote and present a positive image of the CompanyUp to 20% travel.

    Here at ProAssurance, we believe our team members are our most valuable asset.

    We are committed to providing a dynamic and inclusive environment where everyone can do their best work and grow personally and professionally.

    For that reason, we partner with The Predictive Index (PI) – an organization equally committed to improving the working lives of people, to help us hire the best talent by providing additional insight about one's work style.

    The position you applied to requires completion of two assessments prior to being scheduled to interview with a hiring manager.

    Completion of the assessments is not required in order for your application to be reviewed and to speak with a Talent Acquisition team member.

    These assessments are Behavioral and Cognitive (internal candidates will only receive the Behavioral assessment), and each assessment takes less than 12 minutes to complete.

    After submitting your application, you will receive two emails from The Predictive Index inviting you to complete each of these assessments (please check your SPAM or Junk email folder if you do not see these emails in your inbox).

    Position Salary Range

    $110, $183,041.00

    The salary range displayed represents the entirety of the pay grade for this position. Most candidates will start in the bottom half of the range.

    Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have, your location and comparison to other team members already in this role.

    About Us

    ProAssurance's family of companies has a unique and unwavering focus on our team members.
    We strive to achieve best-in-the-world status by attracting, hiring, and retaining top industry talent.
    We work together within our integrated family of companies, no matter the line of business, department or location.
    We ask, listen and respond to what matters most to team members.
    We thank you for your interest in career opportunities with ProAssurance

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