Regional Underwriting Director for Commercial Insurance

3 weeks ago


Chicago, Illinois, United States PMA Companies Full time
Job Summary

The Regional Underwriting Director, Commercial Insurance is a senior leadership position responsible for leading PMA's commercial underwriting team in the Midwest. This role requires a strong technical background in loss-sensitive and guaranteed cost underwriting, as well as exceptional leadership and management skills.

Key Responsibilities
  • Lead the commercial underwriting team in the Midwest, ensuring profitable growth and underwriting excellence.
  • Develop and execute a strategy for the region, overseeing tactical and day-to-day execution.
  • Manage the regional production underwriting process, collaborating with Regional and corporate leadership.
  • Oversee the selection, analysis, and pricing of commercial risks, determining coverage terms and conditions.
  • Manage a consultative selling approach to generate new business, working with service team members to assess client needs and formulate solutions.
  • Lead and direct underwriting staff, emphasizing coaching, learning, and development, accountability, talent management, and succession planning.
  • Build a creative and collaborative atmosphere, involving problem-solving to overcome obstacles and challenges.
  • Develop and maintain relationships with distribution partners.
  • Oversee the region's participation in the account management process, ensuring effective internal communication and customer service.
  • Partner with colleagues in PMA's Specialty Markets Underwriting segments and TPA in the Midwest.
  • Administer the team's expense budget, ensuring effective use of resources.
  • Participate in corporate and industry-related events, such as conferences and meetings.
  • Demonstrate a commitment to PMA's Code of Business Conduct and Ethics, applying knowledge of compliance policies and procedures.
Qualifications
  • Bachelor's Degree and at least 7 years of work experience in a senior underwriting position in the commercial insurance industry.
  • 2 years of underwriting management experience is desired, but candidates with at least 5 years of senior, professional underwriting experience will also be considered.
  • Chartered Property Casualty Underwriter (CPCU) or Associate in Risk Management designation is preferred.
  • Proven technical, leadership, and management skills, with experience implementing and maintaining a high-performance culture.
  • Ability to grow a book of business across a region, with an array of distribution partners, clients, and products.
  • Extensive knowledge of loss-sensitive underwriting, including incurred loss retros, large deductible, prefunded deductible, and captive programs.
  • Knowledge of guaranteed cost rating and pricing, particularly in commercial auto, general liability, and umbrella lines of business.
  • Strong distribution management skills and relationships, which can be leveraged within the production underwriting environment and regional management structure.
  • Demonstrated ability to work effectively with functional peers and cross-functional teams.
  • Knowledge of financial analysis, account management, and collateral management.
  • Able to analyze and propose solutions to business challenges and problems.


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