COMMERCIAL UMBRELLA AND EXCESS UNDERWRITING LEADER

The Carlisle Group (TCG); Kansas; Hybrid; USD 150,000 - 200,000; Full time

Job summary

A top-rated insurance carrier is seeking a Vice President of Underwriting for Umbrella and Excess lines. This leadership role involves developing strategic underwriting plans and managing a portfolio while collaborating with various departments. The ideal candidate has at least 8 years of experience in property and casualty underwriting and excels in communication and decision-making skills. Both on-site and remote options are available, with travel to headquarters required.

Qualifications

• Minimum 8 years of experience with property and casualty underwriting.
• Knowledge of facultative reinsurance placement practices.
• Preferred portfolio management experience in Umbrella or Excess lines.

Responsibilities

• Underwrite and manage portfolio of Commercial Umbrella and Excess business.
• Lead and oversee the line of business planning and achievement.
• Collaborate with departments including underwriting and actuarial.

Skills

Verbal and written communication

Time management

Analytical skills

Problem-solving skills

Education

Bachelor’s degree or equivalent experience

Tools

Underwriting software

Microsoft Office Suite

Job description

Overview

The Carlisle Group’s services have been engaged to find a Vice President of Underwriting for Umbrella and Excess lines of business. Our client is an A+ Superior rated carrier by AM Best. Their headquarters is in the Midwest. This can be on site or a remote location opportunity with monthly travel required to the headquarters.

Position Summary

The VP of Underwriting – Umbrella Lines of Business Officer is responsible for the development and execution of strategic level underwriting plans and objectives relating to the Commercial Umbrella and Excess line of business.

Primary Responsibilities

• Underwrite, service, and manage a growing portfolio of Commercial Umbrella and Excess business while achieving growth and profitability targets.
• Lead, manage, and oversee Commercial Umbrella and Excess line of business, including the planning and achievement of underwriting goals in each program of business in collaboration with Program Managers.
• Fully utilize underwriting and pricing tools to analyze risks and properly document underwriting decisions.
• Establish and maintain relationships with all stakeholders both internally and externally.
• Collaborate with various departments including underwriting, claims, actuarial, regulatory compliance, and accounting.
• Collaborate with the Program Managers to determine the acceptability of offering Umbrella or Excess limits, and determine the most advantageous limit, condition, and pricing structure to fit the needs of the customer, keeping the company’s goals of profitable growth as the guiding principle.
• Be responsible for the Facultative placements either on a primary policy or umbrella/excess policy.
• Represent the company at line of business meetings with other subsidiary companies, reinsurers, or broker meetings.
• Ensure adherence to required compliance and best practice line of business standards including proper policy construction and file documentation.
• Serve as a strategic partner for local underwriting teams, offering technical expertise, providing training and needed resources.
• As the Line of Business Officer, develop forms, rates and conditions, and guidelines for the Commercial Umbrella and Excess programs.
• Participate in varying levels of long-term planning at the functional or organizational level.
• Responsible for planning, setting, and meeting financial targets or budgets within areas of oversight.
• Presents periodic performance reports and metrics to senior leadership.
• As a management representative, consistently acts in the best interest of the company and provides leadership and communication to actively promote the company’s mission, values, and culture.

Qualifications

• Bachelor’s degree preferred; or equivalent experience.
• Minimum 8 years of experience with property and casualty underwriting in the Umbrella or Excess line of business.
• Preferred Umbrella or Excess line of business portfolio management experience.
• Prefer construction or energy programs experience.
• Knowledge of facultative reinsurance placement practices.
• Excellent verbal and written communication, as well as presentation skills.
• Strong attention to detail and excellent time management skills, with ability to timely and accurately organize, prioritize, and complete responsibilities.
• Strong knowledge of commercial underwriting processes, coverages, and best practices.
• Proven ability to exercise sound business judgment and decision-making skills.
• Strong analytical and problem-solving skills, with proven ability to make effective, data driven decisions.
• Proficient with Underwriting software, Microsoft Office Suite, or related software.

Seniority level

• Executive

Employment type

• Full-time

Job function

• Management and Manufacturing

Industries

• Staffing and Recruiting

End of description.