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P&C Underwriting Team Lead
2 months ago
This is an exciting opportunity to lead a team of underwriters in driving strategic growth and operational excellence in our Commercial Property & Casualty department. As a P&C Underwriting Team Lead, you will be responsible for managing a robust book of business, leading a team of underwriters, and making sound underwriting decisions to achieve profitable growth.
Key Responsibilities:- Team Leadership: Lead, mentor, and develop a team of underwriters to foster a high-performance culture and ensure the team meets and exceeds performance goals.
- Strategic Guidance: Provide strategic guidance and support to underwriters, ensuring underwriting integrity and adherence to company policies and guidelines.
- Performance Management: Conduct regular performance reviews, training, and development sessions to enhance team capabilities.
- Business Development: Manage a renewal book of approximately $7M-$8M and generate new business of approximately $1.5M annually, with a focus on profitable growth.
- Underwriting Decisions: Evaluate new and renewal business submissions, making sound underwriting decisions within delegated authority for both admitted and surplus lines products.
- Market Analysis: Analyze market trends and conditions to inform underwriting strategies and recommend product adjustments as needed.
- Relationship Building: Develop and maintain strong business relationships with key wholesalers, agents, and brokers to drive new business opportunities and retention.
- Collaboration: Collaborate with other departments, including marketing, claims, and operations, to develop and implement effective rate and pricing strategies.
- Process Improvement: Lead cross-functional projects to enhance underwriting processes, product offerings, and customer experience.
- Compliance: Ensure underwriting practices comply with company standards and regulatory requirements.
- Reporting: Prepare detailed reports and presentations on underwriting decisions, market conditions, and portfolio performance for senior management review.
- Professional Development: Stay current with industry trends, competitive intelligence, and emerging risks to continuously improve underwriting effectiveness and innovation.
- Experience: Minimum of five years of commercial P&C underwriting experience, with a strong focus on commercial property, general liability, and BOP/CPP.
- Leadership: Proven leadership experience in managing and developing a team of underwriters.
- Designations: Achievement of professional designations such as CPCU, CIC, or equivalent, with a commitment to ongoing professional development.
- Communication: Exceptional communication and interpersonal skills, with a strong customer service orientation.
- Analytical Skills: Ability to effectively manage multiple priorities and maintain attention to detail in a fast-paced environment.
- Decision-Making: Strong analytical and decision-making skills, with a demonstrated ability to drive profitable underwriting results.