Director of Underwriting

3 weeks ago

Chicago, United States Vision Full time

**About the Role**:
**Responsibilities**:

- Design, manage, and conduct risk-based quality reviews of managing general underwriters’ (MGUs) policies, to decide compliance with underwriting guidelines provided by capital partners.
- Manage quality review planning, including risk assessment, scope development, review and refinement of quality review work programs, and staff assignments/coordination.
- Develop a process for sampling and cadence of reviews of MGUs depending on certain risk factors.
- Verify delegated underwriting authority limits have not been breached.
- Validate the MGU is abiding by the terms of contractual agreements and Underwriting Guidelines.
- Ensure policy files meet minimum compliance standards and work with management to address deficiencies to keep best practices.
- Work with RSUM Leadership on the design of review processes, and proper review parameters, to align with leadership requirements and expectations.
- Guide and develop the Underwriting Quality Review team to effectively execute the required quality reviews and compliance activities.
- Create executive quality review reports that summarize the findings and recommendations to be distributed to MGU leadership and divisional senior management.
- Consult with the business to socialize review issues and obtain buy-in for recommendations and finalization of quality review reports.
- Develop a tracking tool to make sure quality review recommendations and findings are being checked for completion.
- Monitor and report on the status of historical quality review findings, making sure findings have been corrected and procedures have been implemented to mitigate quality issues going forward.
- Familiarize yourself with the processes and procedures of other internal teams to make sure quality reviews are being conducted with these processes and procedures in mind.

**Job Qualifications**
- Bachelor’s degree is needed.
- 10+ years of relevant audit and insurance experience needed.
- Exposure to underwriting process or workflow preferred.
- Insurance-related field or professional insurance designation (CPCU, AAI, CIC, ARM) is a plus.
- Earlier experience as a lead in a functional area, managing cross-functional teams, or supervisory experience a plus.
- History of successfully finding and implementing process improvements.
- Work autonomously and is objective and rigorous in their approach.
- Has effective communication skills (oral and writing, including formal report writing).
- Is an analytical thinker with strong business acumen who is also purposeful and pragmatic.
- Initiative-taking works well in a team environment and works well independently.
- Computer ability.

Pay: Up to $180,000.00 per year

Schedule:

- Monday to Friday

**Education**:

- Bachelor's (required)

**Experience**:

- audit and insurance: 10 years (required)
- underwriting process or workflow: 10 years (required)
- implementing process improvements: 10 years (required)
- Underwriting Quality Review function: 10 years (required)
- managing general underwriters’ (MGUs) policies: 10 years (required)
- risk assessment: 10 years (required)
- scope development: 10 years (required)

License/Certification:

- CPCU, AAI, CIC, ARM (required)

Ability to Commute:

- Chicago, IL (required)

Work Location: In person

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