Commercial Auto, Program Manager

Hudson Insurance Group; Indianapolis (IN); On-site; USD 120,000 - 180,000; Full time

Job summary

Hudson Insurance Group seeks a Commercial Auto Program Manager to support underwriting staff with technical review, rating and referral duties for accounts written by Program Administrators. You will monitor program performance, working alongside actuarial, accounting, claims and compliance teams to implement underwriting strategies.

Role requires 10-20 years of casualty underwriting experience with a focus on Commercial Automobile, strong analytical skills, and the ability to manage multiple

Qualifications

• Bachelor's or advanced degree.
• 10-20 years casualty underwriting experience.
• Primary Casualty underwriting background with a focus in Commercial Automobile.
• Advanced knowledge of underwriting concepts, practices, and procedures.
• Strong verbal and written communication skills.
• Advanced knowledge of Microsoft Office Products with the ability to create formulas and pivot tables using in-house data.

Responsibilities

• Determine and recommend acceptable pricing and terms within underwriting authority on new and renewal business referrals from Program Administrators.
• Underwriting audit review support of Program Administrator business focused on risk selection, pricing adequacy, compliance with underwriting and regulatory guidelines and file documentation.
• Track and maintain compliance with state loss costs, rules and form filings.
• Meet all divisional servicing objectives including referral quote turnaround, phone management, file maintenance and documentation.
• Develop and manage monthly reports on program results, rating variables, unit level pricing and premium growth as well as manage reports from the Program Administrators database system.
• Monitor claims reports to manage frequency and severity trends and claims cost.
• Expand current portfolio of business by developing or expanding relationships with new and existing Program Administrators.
• Stay current on competition, underwriting environment, and market conditions and share that knowledge within the division.

Skills

Underwriting

Pricing

Program management

Negotiation

Communication

Education

Bachelor's or advanced degree

Tools

Excel

Pivot tables

Outlook

Job description

Headquartered in New York City with offices throughout the U.S. and in Vancouver, Canada, Hudson is a market-leading specialty insurer that offers a wide range of property and casualty insurance products to corporations, professional firms and individuals through retailers, wholesalers and program administrators.

Hudson underwrites specialty primary and excess insurance on an admitted basis through Hudson Insurance Company and on a non-admitted basis through Hudson Specialty Insurance Company and Hudson Excess Insurance Company. Hudson Insurance Company is admitted in all U.S. jurisdictions. Hudson has surplus lines eligibility in all U.S. jurisdictions through Hudson Specialty Insurance Company and Hudson Excess Insurance Company.

Hudson Crop is a unit of Hudson Insurance Group that provides a broad range of crop insurance products to farmers in all 50 states.

Collectively known as Hudson Insurance Group, its companies are rated A+ (Superior) by A.M. Best, Financial Size Category XV. Hudson Insurance Group is the U.S. Insurance Division of Odyssey Group, a leading worldwide underwriter of reinsurance and specialty insurance and wholly-owned by Fairfax Financial Holdings Limited.

Position Description:

The Commercial Auto Program Manager is responsible for providing support and assistance to the Hudson Programs underwriting staff with technical review, rating and performing referral duties regarding new and renewal Commercial Automobile accounts written exclusively by select Program Administrators as well as other tasks assigned by higher level Program Leaders. This role is also responsible for monitoring program performance, including growth, retention, and profitability metrics. Working alongside program administrators, actuarial, accounting, claims and compliance teams to implement underwriting strategies.

Key Responsibilities

• Determine and recommend acceptable pricing and terms, within underwriting authority, on new and renewal business referrals from Program Administrators.
• Underwriting audit review support of Program Administrator business focused on risk selection, pricing adequacy, compliance with underwriting and regulatory guidelines and file documentation.
• Track and maintain compliance with state loss costs, rules and form filings.
• Meet all divisional servicing objectives including but not limited to referral quote turnaround, phone management, file maintenance and documentation.
• Develop and manage monthly reports on program results, rating variables, unit level pricing and premium growth as well as manage reports from the Program Administrators database system.
• Monitor claims reports to manage frequency and severity trends and claims cost.
• Expand current portfolio of business by developing or expanding relationships with new and existing Program Administrators.
• Stay current on competition, underwriting environment, and market conditions and share that knowledge within the division.

Education/Experience

• Bachelor's or advanced degree.
• 10-20 years casualty underwriting experience.
• Primary Casualty underwriting background with a focus in Commercial Automobile.
• Ability to interpret Commercial Auto portfolio trends, loss ratios, and rate adequacy.
• Has the potential, if not the skills, to cultivate and manage Program Administrator relationships.
• Requires advanced knowledge of underwriting concepts, practices, and procedures.
• Demonstrates experience with and technical knowledge of primary casualty insurance coverage including risk selection, methods, and pricing.
• Strong organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously.
• Strong verbal and written communication skills.
• Strong negotiation, analytical and decision-making skills.
• Excellent time management skills.
• Team oriented attitude and approach.
• Advanced knowledge of Microsoft Office Products (Outlook, Excel, and Word), with the ability to create formulas and pivot tables using in-house data.

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