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Program Capacity Placement Leader
3 months ago
Essential Duties/Functions:
- Coordinate the development of new insurance programs for Mission, including gathering required information to develop submission documentation to assist placement and maintenance throughout the program life cycle.
- Work closely with program leadership to develop and design comprehensive insurance programs accretive to their operations and Mission.
- Prepare detailed underwriting submissions and ensure they meet the requirements of program carriers, reinsurance brokers, and reinsurance markets.
- Coordinate necessary supporting underwriting data with various internal resources and third parties, including but not limited to actuaries, attorneys, and regulatory bodies.
- Review and negotiate carrier agreements and contracts on behalf of the respective programs.
- Actively manage and negotiate program insurance and reinsurance renewal placements, ensuring successful terms to support long-term growth and profitability.
- Foster and maintain strong relationships with primary insurance carrier markets, reinsurance carriers, reinsurance brokers, and Lloyd's Syndicates.
- Work with Mission program leadership and external brokers to identify and qualify opportunities for business development.
- Assist in designing program structures with Mission leadership, and brokers to achieve desired outcomes and actualize new programs promptly.
- Monitor underwriting and loss activity and implement pricing/coverage modifications as required in coordination with the Program leadership.
- Work with programs on 3rd party audit compliance and ensure timely corrective action is taken as required.
Required Qualifications:
- Bachelor's degree in business, finance, insurance, or a related field from a four-year college or university.
- 10+ years of insurance industry experience, specifically underwriting, insurance placement, and program management.
- Proven relationships with primary insurance carrier markets, reinsurance carriers, and brokers.
- Proven client relationship management experience with C-Suite.
- Ability to travel up to 30% of the year. May require international travel.
Preferred Qualifications:
- Prior reinsurance experience is preferred but not required.
- CPCU or other industry professional designation desired.
- ARe or other industry professional designation desired.
You'd be an ideal fit if:
- You have experience giving presentations to clients and internal groups.
- You are proficient in financial and actuarial analytics, applicable to the profitability and viability of insurance programs.
- You have a strong understanding of insurance and reinsurance markets, including Lloyd's Syndicates.
- You have a strong working knowledge of the insurance and reinsurance market, including fronting and hybrid insurance carriers.
Why work with us:
- Medical, Dental, Vision
- 401K, 401K Match
- Life and Disability Benefits
- Unaccrued Paid Time Off
- 11 Paid Holidays
- Work from anywhere - US
- Employee Discounts
- Employee Assistance Program
- Educational Assistance Program
- Employee Referral Program
- Paid Parental Leave
- The salary range for this position is 150 to 200K, commensurate with experience.
- This is a remote position. Planned, in-office activities may be required on occasion (typically 2-4x per year).
- You must live in the United States and be authorized to work in the United States without requirement of employment sponsorship/visa.
Mission Underwriters is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
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