Deputy Chief Underwriting Officer, Portfolio Strategy & Management

Mitsui Sumitomo Marine Management (USA), Inc.; New York (NY); On-site; USD 275,000 - 360,000; Full time

Benefits offered by this job

Healthcare and Retirement Benefits

Comprehensive medical, dental, and vis

401(k) with employer match and profit‑

Wellness incentive program

Life and AD&D insurance

Disability plans

Paid time off

Tuition reimbursement

Job summary

MSIG USA is seeking a Deputy CUO, Portfolio Strategy & Management to translate underwriting strategy and risk appetite into actionable portfolio decisions across all product lines.

You will lead enterprise portfolio management, optimize capacity deployment, and partner with Actuarial, Reinsurance, Risk Engineering and senior leadership to drive profitable growth while preserving underwriting discipline and capital efficiency.

Qualifications

• Bachelor’s degree in business, finance, risk management, insurance, or a related field; advanced degree highly desirable.
• 15+ years of progressive specialty or Commercial P&C underwriting experience with enterprise or senior leadership responsibility.
• Broad underwriting and portfolio-management expertise across Commercial P&C products, channels, and business units.
• Experience leading enterprise portfolio management, including performance oversight, mix, concentration, volatility, and corrective action.
• Experience integrating underwriting, Actuarial, Reinsurance, Risk Engineering, distribution, and portfolio analytics perspectives into strategic decisions.

Responsibilities

• Lead enterprise underwriting portfolio management, including performance, mix, concentration, volatility and emerging portfolio issues.
• Drive portfolio optimization and capacity deployment across products and channels in line with risk appetite and strategy.
• Develop cross-business portfolio insights and identify opportunities for profitable growth and corrective action.
• Coordinate strategic underwriting planning and connect portfolio performance to long-term priorities.
• Lead portfolio analysis with brokers to improve underwriting decisions.
• Partner with Actuarial to incorporate pricing adequacy and portfolio economics while preserving independence.

Skills

Executive communication

Enterprise leadership

Decision-making

Change leadership

Analytical thinking

Education

Bachelor’s degree in business/finance/risk management/insurance

Advanced degree desirable

Job description

Company Overview:

MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc. , one of the world’s top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business’s unique risks.

Summary / Job Purpose:

The Deputy CUO, Portfolio Strategy & Management is the senior enterprise leader responsible for turning underwriting strategy and risk appetite into active portfolio decisions. This role provides an enterprise view across businesses with leadership of portfolio performance including portfolio mix, concentration, capacity deployment and strategic portfolio actions. This encompasses all MSIG USA product lines. The role complements, rather than replaces, the P&L and market accountability of business and product underwriting leaders.

Essential Functions:

• Lead enterprise underwriting portfolio management, including performance, mix, concentration, volatility and emerging portfolio issues.
• Drive portfolio optimization and capacity deployment across products and channels in alignment with the CUO’s risk appetite and strategic direction.
• Develop cross-business portfolio insights and identify opportunities for profitable growth, diversification and corrective action.
• Coordinate strategic underwriting planning and help connect portfolio performance to longer-term business priorities.
• Lead distribution and broker portfolio analysis where an enterprise view improves underwriting decision‑making.
• Partner with Actuarial to incorporate pricing adequacy, loss‑cost trends and portfolio economics into portfolio decisions while preserving Actuarial’s independent challenge.
• Partner with Reinsurance on capacity, volatility, aggregation and risk‑transfer considerations while Reinsurance remains directly aligned to the CUO.
• Provide executive leadership to Risk Engineering, ensuring risk‑selection, loss‑prevention, engineering and emerging‑risk insights are integrated directly into enterprise portfolio strategy and underwriting decisions.
• Partner closely with the Deputy CUO, Underwriting Excellence, Actuarial, Reinsurance, Risk Engineering, Legal/Compliance, the MSIG international CUO and senior leadership to translate enterprise portfolio insights into underwriting standards, priorities and actions.
• Provide portfolio challenge to business/product leaders while preserving their ownership of P&L, growth, market strategy, broker/MGA commercial relationships and underwriting execution within authority.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

Education and Experience Required:

• Bachelor’s degree in business, finance, risk management, insurance, or a related field experience; advanced degree highly desirable.
• 15+ years of progressive specialty or Commercial P&C underwriting experience, including significant enterprise or senior leadership responsibility.
• Broad underwriting and portfolio‑management expertise across multiple Commercial P&C products, channels, and business units.
• Demonstrated experience leading enterprise portfolio management, including performance oversight, portfolio review, mix, concentration, volatility, and corrective action.
• Deep experience evaluating portfolio economics and underwriting performance across products, channels and business units.
• Proven ability to interpret underwriting performance and make enterprise‑level decisions related to capacity deployment, portfolio mix, concentration, growth, and corrective action.
• Experience integrating underwriting, Actuarial, Reinsurance, Risk Engineering, distribution, and portfolio analytics perspectives into strategic business decisions.
• Commercially oriented and analytically strong, with the judgment and credibility to challenge and influence senior business and underwriting leaders.
• Strong executive communication, enterprise leadership, decision‑making, and change‑leadership skills.

Salary:

The base pay range is $275,000.00 - 360,000.00. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location.

Additional Benefits:

• Healthcare and Retirement Benefits
• Comprehensive medical, dental, and vision coverage
• 401(k) with a generous employer match and profit‑sharing contribution
• Wellness incentive program
• Life and accidental death and dismemberment (AD&D) insurance
• Flexible spending programs
• Short-term and long-term disability plans

Additional Benefit Programs

• Paid time off program
• Paid charitable leave
• Paid parental leave
• Tuition reimbursement program
• Personal insurance (auto/homeowners) discounts

It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!

It is the policy of MSIG USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG USA will provide reasonable accommodations for qualified individuals with disabilities.