VP, Division UW Manager - Central
Posted on: 5 Mar 2021
Chicago, IL
Job Description
Plan, control, organize and direct the commercial casualty underwriting operations for a large division. Execute the Risk Management strategy to attain profit, quality, growth, multi-line diversification, and operational objectives. Collaborate with Distribution, Product Management and other functions. Manage the workforce to build highly effective managers and career underwriters with strong multi-line expertise, confidence of judgment, and deal orientation.
Responsibilities
* Execute the segment strategy for a division to attain profit, quality, growth, multi-line diversification, and operational objectives monitor execution against the appetite and correct situations where objectives are not being met.
* Ensure underwriting managers focus efforts on sources of profitable growth, category execution, multi-line accounts and building expertise.
* Ensure that submissions are triaged and prioritized and skill-based routing practices enable the right underwriters to work the submissions in the right order.
* Analyze proposals prepared by underwriters and use letters of authority to provide approval for risk selection and acceptance, coverage, and price.
* Implement and maintain skill-based authority levels by line through underwriter certification.
* Collaborate with other functions and support initiatives in the areas of product development, operations, process, technology, distribution and claims management.
* Lead the division's selection, development, and management of underwriters needed to diversify the book and grow profitably ensure that expertise is fostered through development, coaching and mentoring mechanisms.
* Maintain a quality assurance process that identifies and corrects gaps in decision making.
Qualifications:
Qualifications
* Technical skills: Advanced knowledge of casualty, including competitive conditions; insurance operations; finance and actuarial concepts; regulatory environment; reinsurance; account management; underwriting; loss control; producer management; and industry trends.
* Professional/General Business skills: Managerial courage; ability to set direction, create alignment and inspire/motivate; creativity/entrepreneurial skills; work cross-functionally by engaging and motivating people; negotiation; influencing others; communicating effectively (listening, verbal, written, etc.); adapt, learn quickly, and respond effectively to varied and intense challenges. As normally acquired through an advanced degree or equivalent training, 12 or more years of relevant experience, several of which should be in an operations management capacity.
Liberty Mutual Insurance
Boston, MA
Liberty Mutual Group, Inc., through its subsidiaries, provides insurance products and services for individuals, families, and businesses. It offers personal insurance for private passenger automobiles, homeowners, and other property and casualty insurance products; life insurance and annuities; term and permanent life insurance products and services; and specialty and commercial insurance products, including casualty, marine, construction, energy, directors and officers, trade credit, professional liability, aviation, property, and crisis management.
The company also provides property and casualty insurance products and services that include business owner’s policy and packages, commercial auto insurance, equipment breakdown insurance, excess liability insurance, general liability insurance, inland marine insurance, property insurance, reinsurance, specialty programs, surety bonds, third-party administration, umbrella insurance, employee benefits, and workers compensation insurance.
It serves agriculture, farm, building maintenance, construction, education, energy, financial services, food and beverage manufacturers, healthcare, hospitality, manufacturing, public entities, printing and publishing, real estate, religious organizations, restaurants, retail, transportation, and wholesale industries. In addition, the company provides risk control and claim services.
It offers its products online and through agents worldwide. Liberty Mutual Group, Inc. was incorporated in 1912 and is based in Boston, Massachusetts with additional offices worldwide. It also has operations in Latin America, Europe, and the Asia Pacific. Liberty Mutual Group, Inc. operates as a subsidiary of LMHC Massachusetts Holdings, Inc.
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IndustryInsurance
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No. of Employees50,000
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Jobs Posted903
