Underwriting Associate responsible for underwriting analysis and documentation for Property and Casualty insurance. Collaborating across teams to enhance underwriting processes and drive business growth.
About the role
- Director of Products & Underwriting for RT Connector, overseeing insurance product strategy in the U.S. wholesale market. Collaborating with cross-functional teams to enhance digitalized capacity solutions.
Responsibilities
- Integral to driving insurance product strategy and direction for RT Connector
- Identifies target capacity specifications for each line of business (class codes, geographies, products, coverages, etc.) using carrier underwriting guidelines and appetite
- Participates in the entire insurance product delivery lifecycle, including formulation and development of carrier-specific underwriting business requirements, product testing, and final release of the product
- Serves as the product line expert to the Connector team and management
- Oversees underwriting guideline changes for incumbent markets
- Provides underwriting governance and oversight
- Monitors the effectiveness of existing products and looks for opportunities to further refine, streamline, and improve
- Engages with the Compliance Department to ensure ongoing compliance
- Maintains strong communication with internal teams (PMO, marketing, compliance, actuarial, etc.) and vendors
- Responsible for monitoring the performance of assigned lines of business, especially profitability, exposure profile of the book, and top-line growth (including other carrier and Connector Key Performance Indicators (KPIs))
- Establishes and cultivates carrier relationships; maintains strong communication with carriers
- Participates in audits and/or underwriting meetings as required
- Works with our marketing team to develop tools to drive adoption of RT Connector and assist in the training of sales and other field personnel
- Delivers marketing material, including writing white papers, data sheets, and presentations
- Stays current on the small commercial insurance segment and carrier marketplace; identifies and assesses market trends to adjust strategy and bring innovative ideas to The Connector
- Identifies market segments and provides recommendations for product strategies related to the development of new products within the marketplace
- Produces thorough competitor and market analyses
Requirements
- Experience in wholesale brokerage and/or underwriting E&S commercial insurance (minimum 10 years combined)
- Experience with digital distribution of commercial insurance and carrier relationship management
- Ability to think critically and objectively about the commercial considerations associated with developing and launching insurance products on The Connector
- Ability to analyze data using excel, including pivot tables, and put together presentations using PPT
- Excellent written, verbal, and presentation communication skills
- Must be able to read, interpret, and write complex information, talk with external stakeholders, and listen attentively
- Ability to cultivate interpersonal customer and co-worker relationships – equally adept at interacting with development engineers as with business organizations
- Experience handling multiple deliverables and moving adeptly between internal and external issues and interactions
- Willingness to take on new responsibilities and work in a dynamic, fast-moving small company environment
- Bachelor’s degree from a four-year college or university; ACSR, CPCU, or similar designation preferred
- Pursues continuing education opportunities and attends industry conferences
Benefits
- Paid time off for company holidays, vacation, sick and personal days
- Paid parental leave
- Mental health services
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