Captives Executive Underwriter

Posted:
9/26/2024, 11:12:56 PM

Location(s):
Florida, United States ⋅ Houston, Texas, United States ⋅ Boston, Massachusetts, United States ⋅ Alexandria, Virginia, United States ⋅ Georgia, United States ⋅ Frisco, Texas, United States ⋅ Connecticut, United States ⋅ Massachusetts, United States ⋅ Pittsburgh, Pennsylvania, United States ⋅ Chicago, Illinois, United States ⋅ Texas, United States ⋅ Alpharetta, Georgia, United States ⋅ Kansas, United States ⋅ Overland Park, Kansas, United States ⋅ Washington, United States ⋅ New York, New York, United States ⋅ Franklin, Tennessee, United States ⋅ Hartford, Connecticut, United States ⋅ San Antonio, Texas, United States ⋅ Virginia, United States ⋅ Seattle, Washington, United States ⋅ Morristown, New Jersey, United States ⋅ Pennsylvania, United States ⋅ Philadelphia, Pennsylvania, United States ⋅ New York, United States ⋅ Tennessee, United States ⋅ Scottsdale, Arizona, United States ⋅ North Carolina, United States ⋅ New Jersey, United States ⋅ Illinois, United States ⋅ Charlotte, North Carolina, United States ⋅ Upper Merion Township, Pennsylvania, United States ⋅ Arizona, United States ⋅ Brea, California, United States ⋅ California, United States

Experience Level(s):
Expert or higher ⋅ Senior

Field(s):
Sales & Account Management

Executive Underwriter - UW07CD

We’re determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals – and to help others accomplish theirs, too. Join our team as we help shape the future.   

         

This position is responsible for the successful program management of assigned Captive programs. The Executive Underwriter will develop and maintain effective relationships with internal and external partners to foster positive program results.

You will have responsibility for underwriting workers compensation, general liability and commercial auto for Captive programs. The Executive Underwriter’s major purpose is to profitably grow their assigned Captive Programs and achieve underwriting excellence.

The Executive Underwriter does not have any direct reports but is the client manager and is responsible for influencing internal and external partners to achieve positive program results. Authority levels will vary, and Gross Written Premium will average in the $25M - $35M range.

Attendance at Board meetings and client seminars with some international travel possible (Less than 10%).

Responsibilities:

Technical Underwriting and Risk Selection

  • Rigorously analyzes underwriting information in assessing risk for each account.

  • Is creative in the use of underwriting tools and techniques to write profitable business while maintaining disciplined adherence to underwriting standards.

  • Is able to communicate rationale for underwriting decisions.

  • Exhibits a commitment to finding ways to write business without sacrificing quality.

Program Management

  • Participation in all aspects of program management such as actuarial pricing, claim or TPA oversight, reinsurance accounting and collateral management.

  • Possesses a deep understanding of the business.

  • Demonstrated responsiveness and dedication to customers and follow through on service commitments

  • Manage program to achieve underwriting excellence, pricing adequacy and targeted ROE’s.

Production Underwriting and Sales

  • Exhibits a commitment to finding ways to write profitable new business.

  • Takes ownership and accountability for growth of assigned Captive Programs.

  • Leverages relationships to drive new business and renewal retention opportunities.

Relationship and Team skills

  • Demonstrates excellent working relationships with all internal business associates leading to a high level of customer satisfaction.

  • Builds strong relationships with Captive customers and Captive Managers.

  • Closely manages results and implements specific actions to address shortfalls.

Qualifications:

  • BS/BA degree preferred, advanced degree preferred and /or relevant industry designation (i.e. CPCU, ARM, etc.)

  • 5 + years underwriting multi-line Commercial Property Casualty business

  • Experience with Captive insurance programs is desirable

  • Experience underwriting construction accounts is preferred

  • Strong loss responsive or captive program and pricing knowledge

  • Strong coverage knowledge 

  • Superior relationship building skills including influencing and negotiation skills

  • Robust problem solving and critical thinking skills

  • Outstanding at providing Customer Service

Location:

This role will have a Hybrid work arrangement, with the expectation of working in one of the posted office locations 3 days a week (Tuesday through Thursday).

Compensation

The listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role. The base pay is just one component of The Hartford’s total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition. The annualized base pay range for this role is:

$121,760 - $182,640

Equal Opportunity Employer/Females/Minorities/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age

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The Hartford Insurance

Website: https://www.thehartford.com/

Headquarter Location: Hartford, Connecticut, United States

Employee Count: 10001+

Year Founded: 1810

IPO Status: Private

Industries: Auto Insurance ⋅ Financial Services ⋅ Insurance