Commercial Lines Underwriting Manager - Large Accounts

Island-Insurance-; Honolulu (HI); On-site; USD 120,000 - 140,000; Full time

Job summary

Island Insurance in Honolulu, HI is seeking an Underwriting Manager of Large Accounts to lead a team of underwriters focused on large commercial accounts. You will review complex risks, guide account assessments, and ensure underwriting aligns with risk appetite, profitability goals, and regulatory requirements.

The Manager will develop talent, balance risk with business development, and build strong relationships with brokers, agents, and clients to sustain large-account growth.

Qualifications

• Demonstrated leadership and team development abilities.
• Strong risk management and underwriting analytics.
• Proven ability to build and maintain client relationships with brokers and clients.
• Strategic thinking with ability to align underwriting with business goals.

Responsibilities

• Lead, mentor, and develop a team of Underwriters specializing in large commercial accounts.
• Oversee underwriting of large, complex accounts ensuring compliance with guidelines and regulatory standards.
• Evaluate and approve high-value and high-risk accounts based on risk assessment and pricing strategies.
• Guide coverage terms, conditions, product development, and pricing to balance profitability with competitiveness.
• Collaborate with claims, actuarial, and risk control to review accounts and monitor performance.
• Build and maintain relationships with brokers, agents, and clients to ensure satisfaction and retention of large accounts.
• Participate in business development initiatives and support acquisition of new large accounts.
• Monitor market conditions and regulatory changes to adjust underwriting strategies accordingly.
• Contribute to underwriting policy development and align with corporate goals.
• Manage direct reports to ensure alignment with mission, values, and company objectives.

Education

Bachelor's degree in business, finance, risk management, or a related field

Job description

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MG Honolulu, HI, US

2 days ago Requisition ID: 1474

Salary Range: $120,000.00 To $140,000.00 Annually

Summary:

The Underwriting Manager of Large Accounts is responsible for leading and managing a team of Underwriters focused on large commercial accounts. This role ensures that the underwriting process aligns with the company's risk appetite, profitability goals, and regulatory requirements. The Manager will review and approve complex risks, guide the team through account assessments, and build new and foster existing client relationships. This position requires deep industry knowledge, leadership skills, initiative, creativity, and an ability to balance risk with business development.

Duties:

Team Leadership and Development (10%)

• Lead, mentor, and develop a team of Underwriters specializing in large commercial accounts.
• Ensure high performance through training, goal setting, and performance evaluations.
• Foster a positive and collaborative work environment, promoting continuous learning and professional growth.
• Oversee and manage the underwriting of large, complex commercial accounts, ensuring compliance with company guidelines and regulatory standards.
• Evaluate, approve, or decline high-value and high-risk accounts based on risk assessment, pricing strategies, and market conditions.
• Provide guidance on coverage terms, conditions, product development, and pricing, ensuring profitability while maintaining competitive offerings.
• Collaborate with internal stakeholders (claims, actuarial, and risk control) to review accounts and monitor performance.

Client Relationship Management (10%)

• Build and maintain relationships with brokers, agents, and clients to ensure satisfaction and retention of large accounts.
• Act as a point of escalation for complex accounts and provide solutions to clients' needs and concerns.
• Participate in business development initiatives and support the acquisition of new large accounts.

Risk Management and Strategy (5%)

• Monitor industry trends, market conditions, and regulatory changes to adjust underwriting strategies accordingly.
• Contribute to the development of underwriting policies and strategies to ensure they align with corporate goals.
• Work with senior management to assess the portfolio's risk exposure and adjust strategies to mitigate potential losses.

Supervises direct report(s) and actively seeks to drive employee engagement (15%)

• Serves as a role model, leads by example, and is open to feedback.
• Manages direct report(s) to ensure alignment with the mission, vision, values, code of conduct, and division/company objectives
• Encourages and supports personal and professional growth opportunities.
• Conducts regular coaching discussions and delivers timely feedback (both positive and corrective).
• Proactively addresses challenges before they escalation. Documents issues and seeks the counsel of leadership and/or Human Resources.
• Completes the Holomua Annual Review process by established deadlines.
• Provides annual SMART goals to direct reports
• Conducts periodic progress check discussions
• Completes assessment of direct report(s) through the annual review process.
• Conducts annual review meeting with direct report(s) to communicate results.

Qualifications:

• Bachelor's degree in business, finance, risk management, or a related field.
• 7+ years of commercial underwriting experience, preferably in large accounts or a similar role.
• 3+ years of supervisory or management experience in an underwriting environment.
• Equivalent combination of education and job-related experience will be considered.
• Attainment of or working towards Professional designations such as CPCU (Chartered Property Casualty Underwriter), AU (Associate in Underwriting), CIC (Certified Insurance Counselor), or ARM (Associate in Risk Management) preferred.
• Valid Hawaii Driver’s license and use of own vehicle required; a favorable driving record is a condition of business-related driving privileges.