Director, Underwriting

Old Republic Commercial Risk; Pasadena (CA); On-site; USD 150,000 - 230,000; Full time

Job summary

Old Republic Commercial Risk seeks a seasoned leader to head the Commercial Markets Underwriting team in the West region, overseeing profitability, risk selection, and strategic planning. The role requires building and guiding a multi-location underwriting staff while managing broker relationships.

Location is Pasadena, CA with travel requirements and remote management experience. The role emphasizes collaboration with regional leaders, industry strategy, and development of tools to monitor

Qualifications

• 10+ years commercial casualty underwriting experience
• 7+ years management/supervisory experience
• Excellent presentation skills and strong communication
• Strong management, planning, organizational, and analytical skills
• Track record of building relationships with agents and brokers
• Proven negotiating skills with growth in a book of business
• Proven developer of talent with mentoring and coaching
• Ability to travel
• Experience with remote management
• CPCU, ARM and/or MBA desired

Responsibilities

• Lead Commercial Markets Underwriting in the West region and achieve annual profit and revenue objectives
• Own P&L including loss and ALAE ratio, controllable expenses, and Pre Tax Operating Ratio
• Communicate and collaborate with regional and segment management to execute CMU's business
• Develop and implement annual and long-range premium and business plans reflecting territory potential
• Hire, train, and manage underwriters; drive performance and broker assignments to exceed goals
• Delegate underwriting authority as needed and monitor staff performance
• Ensure implementation of underwriting policies focusing on risk selection and loss analysis
• Advance CMU-focused industry strategy and create new account monitoring tools
• Stay informed as an industry subject matter expert and share insights across PMA practice
• Execute corporate agency management program and monitor profitability of agents/brokers
• Hold participants accountable and ensure effective communication with management
• Demonstrate planning, communication, and organizational skills in evolving structure
• Uphold Code of Business Conduct and Ethics

Skills

Leadership

Underwriting management

Strategic planning

Communication skills

Team development

Travel readiness

Remote management

Education

CPCU

ARM

MBA

Job description

Responsibilities

• Responsible for the leadership and oversight of Commercial Markets Underwriting in the West region.
• Achieve annual profit and revenue objectives and operate Accountable for book of business P&L including loss and ALAE ratio, controllable expenses, and Pre Tax Operating Ratio.
• Effectively communicate and collaborate with regional and segment management in the execution of CMU's business.
• Significantly contribute to the development, implementation and execution of annual and long-range premium and business plans in conjunction with regional and segment Plans should accurately reflect the potential of the territory and target industries based upon available premium and universe of accounts, as well as the territory's workers' compensation climate.
• Select, hire and train the highest qualified candidates for open Monitor performance through effective use of performance management tools. Effectively manage the Underwriting staff with an eye toward increasing the overall knowledge-base, sales skills & technical competencies and effectively managing his/her broker assignments to consistently exceed goals. Implement meaningful development plans which grow the knowledge base of your staff.
• Lead a team of underwriters located in multiple Delegate underwriting authority as necessary.
• Ensure the implementation, execution, and monitoring of underwriting policies and procedures with particular focus on risk selection, loss analysis and Frequently review staffing plans to ensure they support the attainment of objectives.
• Advance the CMU Focused Industry Reinforce strategy with staff, colleagues and external audiences. Develop new book and account monitoring tools in conjunction with segment management which are unique to the assigned industry. Promote effective communication among and between different work groups particularly in the execution of industry-specific account management activities.
• Serve as an industry subject matter Keep abreast of developments in the assigned industry and disseminate relevant information throughout the PMA industry practice (including risk control and claims) and segment management.
• Ensure that the Corporate Agency Management Program is fully executed by the Underwriting staff and that agency assignments are properly aligned with underwriter skill Design and implement agency management plans and monitor the profitability of assigned agents and brokers in conjunction with branch management and BDM/TMM staff. Maintain a degree of visibility with agents and brokers that is commensurate with the objectives of the assigned territories.
• Ensure that underwriters serve as highly effective, results-driven account management "quarterbacks" who demonstrate analytical, monitoring, and leadership skills for active account management Hold all participants accountable for executing their responsibilities.
• Employ strong analytics and sound judgment when making decisions and monitoring Communicate pertinent information to management, along with well-reasoned, meaningful recommendations.
• Demonstrate the required planning, communication, and organizational skills to effectively execute the responsibilities of your Exhibit high levels of teamwork, leadership, initiative, and persistence. Recognize the need to execute these attributes consistently, given our evolving organizational structure.
• Demonstrate commitment to Company's Code of Business Conduct and Ethics, and apply knowledge of compliance policies and procedures, standards and laws applicable to job responsibilities in the performance of work.

Requirements

• 10+ years commercial casualty underwriting experience and 7+ years management/supervisory experience is preferred.
• Strong technical underwriting skills in all casualty lines of business, particularly workers' compensation.
• Excellent presentation skills and strong oral and written communication skills.
• Strong management, planning, organizational, and analytical skills.
• Track record of building relationships with agents and brokers.
• Proven negotiating skills with a demonstrated record of growth in a book of business and attainment of agency production objectives.
• Proven developer of talent. Successful track record of mentoring and coaching for high performance.
• Ability to travel.
• Experience with remote management.
• Possesses the initiative, persistence, and perspective to operate within an evolving strategic framework.
• CPCU, ARM and or MBA desired.

In accordance with state regulations, PMA is sharing the anticipated salary range for this position: $150,000 to $230,000. This range is informed by national market data and is intended to accommodate a wide variety of geographic locations and experience levels.

We recognize that exceptional talent may fall outside typical salary parameters. If your compensation expectations exceed this range, we still encourage you to apply. Final compensation will be determined based on a combination of factors including your experience, education, and skill set. Offers may fall below, within, or above the stated range.