Underwriting Director - Commercial Insurance

PMA Companies; Chicago, Northern (IL, KY); Hybrid; USD 140,000 - 200,000; Full time

Job summary

PMA Companies is seeking a Regional Underwriting Director for the Midwest to lead our commercial underwriting team responsible for workers' compensation, commercial auto, GL, and umbrella lines. The role emphasizes loss-sensitive and guaranteed-cost underwriting with strategic regional execution.

The candidate will drive profitable growth, oversee pricing and coverage terms for new and renewal business, and cultivate strong relationships with distribution partners and clients.

Qualifications

• Bachelor's Degree and at least 7 years work experience in a senior underwriting position in the commercial insurance industry.
• 2 years underwriting management experience is desired; candidates with at least 5 years senior underwriting experience will be considered.
• Preferred designations include CPCU or Associate in Risk Management.

Responsibilities

• Ensure profitable growth of the region in line with corporate plans and underwriting excellence.
• Manage regional production underwriting process and collaborate on regional growth strategies.
• Oversee pricing and terms for new and renewal business.
• Lead underwriting staff with coaching, development, and succession planning.
• Develop and maintain relationships with distribution partners.

Skills

Leadership

Underwriting

Strategy development

Budget management

Relationship building

Communication

Education

Bachelor's Degree

CPCU

Associate in Risk Management

Job description

#4886

Multiple Locations

Job Description:

The Regional Underwriting Director, Commercial Insurance is responsible for leading PMA's commercial underwriting team in the Midwest. The team has responsibility for underwriting workers' compensation, commercial automobile, general liability, and umbrella business in a variety of classes, primarily on a loss sensitive basis.

The Regional Underwriting Director must be technically sound in loss-sensitive and guaranteed cost underwriting, possess the ability to develop and execute a strategy for the region, oversee tactical and day-to-day execution, demonstrate exceptional leadership and management skills with an expectation of high performance and underwriting excellence from the team.

Responsibilities

• Ensure the profitable growth of the segment throughout the region in accordance with our corporate plan and strategy, with an emphasis on underwriting excellence.
• Manage the regional production underwriting process and collaborate with Regional and corporate leadership in the execution of innovative, regional distribution management and growth strategies.
• Oversee the selection, analysis and pricing of commercial risks and the determination of coverage terms and conditions for new and renewal business.
• Manage a consultative selling approach to generate new business and in coordination with service team members to include accurately assessing the needs of the broker and the client and formulating solutions that effectively address those needs.
• Lead and direct underwriting staff with an emphasis on coaching, learning and development, accountability, talent management and succession planning. Build a creative and collaborative atmosphere that involves problem-solving to overcome obstacles and challenges.
• Develop and maintain relationships with distribution partners.
• Oversee the region's participation in our account management process, which ensures effective internal communication and the highest levels of customer service in collaboration with the service teams.
• Partner with the colleagues in PMA's Specialty Markets Underwriting segments and TPA in the Midwest.
• Administer the team's expense budget and ensure the effective use of resources in accordance with corporate, segment and regional objectives.
• Participate in corporate and industry-related events, such as internal and external conferences and meetings with clients, distribution partners and employees.
• Demonstrate a commitment to the Company's Code of Business Conduct and Ethics, and apply knowledge of compliance policies, procedures, standards and laws applicable to the responsibilities of this position. Maintain a strong compliance and quality assurance culture within the segment.

Requirements

• Bachelor's Degree and at least 7 years work experience in a senior underwriting position in the commercial insurance industry.
• 2 years underwriting management experience is desired however candidates with at least 5 years senior, professional underwriting experience will also be considered.
• Chartered Property Casualty Underwriter (CPCU); Associate in Risk Management designation or other professional designations are preferred.
• Proven technical, leadership, and management skills.
• Experience implementing and maintaining a high-performance culture built on excellence, accountability and trust.
• Ability to grow a book of business across a region, and with an array of distribution partners, clients, and products, in accordance with our corporate business plan.
• Experienced underwriter in the national accounts/large account space. Extensive knowledge of loss sensitive underwriting including incurred loss retros, large deductible, prefunded deductible, and captive programs. Knowledge of guaranteed cost rating and pricing and layer pricing, particularly in the commercial auto, general liability and umbrella lines of business.
• Strong distribution management skills and relationships which can be leveraged within our production underwriting environment and regional management structure.
• Demonstrated the ability to work effectively with functional peers in Corporate Distribution, Actuarial, Finance, Claims, Risk Control, and Corporate and Regional Leadership, as well as cross-functional teams.
• Knowledge of financial analysis, account management, and collateral management.
• Able to analyze and propose solutions to business challenges and problems.
• Comparable leadership and management experience in a matrixed environment. Able to motive, integrate, and collaborate with cross-functional teams and departments to produce quality outcomes within specified timeframes.
• Adept at managing significant client relationships.
• Strong customer-service orientation.
• Professional written and verbal communication skills, ability to prioritize and organize.
• Willingness to travel for business purposes and be visible with employees, clients, and distribution partners brokers.

Alternate Location(s)

St Louis , Missouri , United States

This Company is an Equal Opportunity Employer, and does not discriminate on the basis of race, gender, ethnicity, religion, national origin, age, disability, veteran status, or on any other basis prohibited by law. Information on race, gender and national origin will only be used for statistical and recordkeeping purposes, and will not be used in making any employment decisions. All information provided will be kept separate from your expression of interest. Providing this information is strictly voluntary, and you will not be subjected to any adverse action or treatment if you choose not to provide this information. If you do not choose to answer these questions, we ask that you select "Decline to Identify" for each question. Thank you for your voluntary cooperation.

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