Underwriting Product Director

Essential FunctionsServes as assigned line of business subject matter expert to provide strategic direction enterprise wide. Develops line of business strategies and plans, and ensures successful implementation enterprise wide. Leads the administration and development of products and programs for assigned line of businessLeads the process of the developing of short- and long-term strategic product and underwriting strategies within LOB in support of enterprise-wise business and profitability goalsMaintains primary oversight of the profit and loss for assigned LOB. Develops and maintains the business plan for assigned LOBAnalyzes premium and loss data and other key reports on monthly and quarterly basis to ensure long-term profitable growthAnalyzes underwriting and loss results and determines underlying trends that impact results. Recommends actions to drive profitable growthCreates, maintains, and communicates best practices and underwriting guidance to the whole enterprise.Develops new product ideas, reviews existing products, and drafts new coverage language. Oversees new product ideas developed within team and subsequent implementation across the organizationProactively communicates and makes necessary recommendations to management for improvement needed to meet company goals and improve underwriting resultsEvaluates the cost and benefit of market opportunities and product initiatives, and recommends actions based on evaluation, including identifying product improvements for complex productsProvides analysis for state and countrywide rate reviews as well as to aid branch partners in efforts at profitability improvement and profitable production by providing recommendations and support to drive profitable growthReviews insurance publications and keeps current on issues impacting LOB by attending seminars and participating in continuing educationServes as a sought‑out subject matter expert frequently consulted for initiatives and special projects within assigned LOBManages business relationships with external and internal partners to introduce and integrate product initiatives based on enterprise needsInitiates and assists in the preparation of underwriting workshops and seminars for the companyActs as a speaker or instructor for internal training exercises or meetings, and provides input or prepares articles on the most complex issues.Reviews and studies proposed changes in rules, rates, and forms for assigned LOB for both EMC proprietary and controlled by ISOPrepares any necessary changes and new information for company manuals, bureau and proprietary policy forms, and statistical codingAssesses the impact of proposed changes and determines the need for and timing of filings. Prepares documentation needed to obtain approval and makes recommendations for needed actionWrites and prepares new proprietary endorsements as neededCoordinates with other corporate office departments to implement and communicate changes and impactsReviews insurance publications and keeps current on issues by attending seminars and participating in continuing educationServes as the LOB subject matter expert by researching and reviewing state regulations, coverages, operational processes, underwriting criteria and system application and toolsReceives and handles underwriting referrals from the field and/or segmentEnsures that the team responds timely and collaborates closely with branch offices on underwriting philosophy, authorizations, and facultative reinsurance needs, etc.Provides guidance and direction in the development of underwriting and training tools at the branch and enterprise levelProvides advice and guidance for branch authorizations in determining the acceptability of business by discussing underwriting philosophy, policy forms, rating approaches, underwriting and risk management techniques, including the largest and most complex risk submissions which may require a specialized approachDetermines the need for and places facultative reinsuranceCollaborates with team members to establish performance goals and monitors status, conducts performance reviews, and provides coachingInterviews, hires, and recommends salary adjustments for team membersResolves disciplinary issues, reviews results, action plans, and progressDevelops team expertise and completes succession planning, including identifying talent and implementing development plans for critical positionsSupports diversity, equity, and inclusion initiativesFosters an innovative culture, including supporting new ideas and providing guidance on potential changesDevelops and maintains department budgetEducation & ExperienceBachelor’s degree, preferably in an insurance or business‑related field, or equivalent relevant experienceTen years of experience with commercial property and casualty underwriting, including at least five years of commercial staff underwriting experience within applicable line of businessInsurance certifications, such as CPCU, AU or CICPrevious people leadership experienceKnowledge, Skills & AbilitiesSuperior knowledge of countrywide underwriting techniques, terminology, policies, products, and formsExceptional underwriting judgment and decision‑making skillsStrong knowledge of key performance indicators (KPIs) and ways to improve themProficiency with computer software and Microsoft Office SuiteSuperior written and oral communication skillsSuperior organizational and multi‑tasking skillsExcellent problem‑solving and analytical abilitiesExcellent presentation, communication, and leadership skillsStrong ability to advise, partner, influence and effectively consult with diverse internal and external stakeholders, including senior leaders, executives, and project ownersStrong ability to distill and communicate highly complex issues for technical and non‑technical audiencesStrong ability to translate technical ideas into more general terms for business customersOccasional travel required; a valid driver’s license with an acceptable motor vehicle report per company standards required if drivingHiring Salary RangeThe hiring salary range for this position will vary based on geographic location, falling within either the $128,094‑$183,584 range or the $141,211‑$202,414 range. A hiring range represents a subset of the full salary range. The actual salary will depend on several factors, including relevant education, skills, and experience of an applicant, geographic location, and business needs.Our employment practices are in accordance with the laws that prohibit discrimination due to race, color, creed, sex, sexual orientation, gender identity, genetic information, religion, age, national origin or ancestry, physical or mental disability, medical condition, veteran status, active military status, citizenship status, marital status or any other consideration made unlawful by federal, state, or local laws.All of our locations are tobacco free including in company vehicles. #J-18808-Ljbffr