EMC Insurance
Underwriting Product Director - Property
EMC Insurance, Myrtle Point, Oregon, United States, 97458
Essential Functions
Serves as assigned line of business subject matter expert to provide strategic direction enterprise wide. Develops line of business strategies and plans, and ensures successful implementation enterprise wide. Leads the administration and development of products and programs for assigned line of business
Leads the process of the developing of short- and long-term strategic product and underwriting strategies within LOB in support of enterprise-wise business and profitability goals
Maintains primary oversight of the profit and loss for assigned LOB. Develops and maintains the business plan for assigned LOB
Analyzes premium and loss data and other key reports on monthly and quarterly basis to ensure long-term profitable growth
Analyzes underwriting and loss results and determines underlying trends that impact results. Recommends actions to drive profitable growth
Creates, maintains, and communicates best practices and underwriting guidance to the whole enterprise.
Develops new product ideas, reviews existing products, and drafts new coverage language. Oversees new product ideas developed within team and subsequent implementation across the organization
Proactively communicates and makes necessary recommendations to management for improvement needed to meet company goals and improve underwriting results
Evaluates the cost and benefit of market opportunities and product initiatives, and recommends actions based on evaluation, including identifying product improvements for complex products
Provides analysis for state and countrywide rate reviews as well as to aid branch partners in efforts at profitability improvement and profitable production by providing recommendations and support to drive profitable growth
Reviews insurance publications and keeps current on issues impacting LOB by attending seminars and participating in continuing education
Serves as a sought‑out subject matter expert frequently consulted for initiatives and special projects within assigned LOB
Manages business relationships with external and internal partners to introduce and integrate product initiatives based on enterprise needs
Initiates and assists in the preparation of underwriting workshops and seminars for the company
Acts as a speaker or instructor for internal training exercises or meetings, and provides input or prepares articles on the most complex issues.
Reviews and studies proposed changes in rules, rates, and forms for assigned LOB for both EMC proprietary and controlled by ISO
Prepares any necessary changes and new information for company manuals, bureau and proprietary policy forms, and statistical coding
Assesses the impact of proposed changes and determines the need for and timing of filings. Prepares documentation needed to obtain approval and makes recommendations for needed action
Writes and prepares new proprietary endorsements as needed
Coordinates with other corporate office departments to implement and communicate changes and impacts
Reviews insurance publications and keeps current on issues by attending seminars and participating in continuing education
Serves as the LOB subject matter expert by researching and reviewing state regulations, coverages, operational processes, underwriting criteria and system application and tools
Receives and handles underwriting referrals from the field and/or segment
Ensures that the team responds timely and collaborates closely with branch offices on underwriting philosophy, authorizations, and facultative reinsurance needs, etc.
Provides guidance and direction in the development of underwriting and training tools at the branch and enterprise level
Provides advice and guidance for branch authorizations in determining the acceptability of business by discussing underwriting philosophy, policy forms, rating approaches, underwriting and risk management techniques, including the largest and most complex risk submissions which may require a specialized approach
Determines the need for and places facultative reinsurance
Collaborates with team members to establish performance goals and monitors status, conducts performance reviews, and provides coaching
Interviews, hires, and recommends salary adjustments for team members
Resolves disciplinary issues, reviews results, action plans, and progress
Develops team expertise and completes succession planning, including identifying talent and implementing development plans for critical positions
Supports diversity, equity, and inclusion initiatives
Fosters an innovative culture, including supporting new ideas and providing guidance on potential changes
Develops and maintains department budget
Education & Experience
Bachelor’s degree, preferably in an insurance or business‑related field, or equivalent relevant experience
Ten years of experience with commercial property and casualty underwriting, including at least five years of commercial staff underwriting experience within applicable line of business
Insurance certifications, such as CPCU, AU or CIC
Previous people leadership experience
Knowledge, Skills & Abilities
Superior knowledge of countrywide underwriting techniques, terminology, policies, products, and forms
Exceptional underwriting judgment and decision‑making skills
Strong knowledge of key performance indicators (KPIs) and ways to improve them
Proficiency with computer software and Microsoft Office Suite
Superior written and oral communication skills
Superior organizational and multi‑tasking skills
Excellent problem‑solving and analytical abilities
Excellent presentation, communication, and leadership skills
Strong ability to advise, partner, influence and effectively consult with diverse internal and external stakeholders, including senior leaders, executives, and project owners
Strong ability to distill and communicate highly complex issues for technical and non‑technical audiences
Strong ability to translate technical ideas into more general terms for business customers
Occasional travel required; a valid driver’s license with an acceptable motor vehicle report per company standards required if driving
Hiring Salary Range
The hiring salary range for this position will vary based on geographic location, falling within either the $128,094‑$183,584 range or the $141,211‑$202,414 range. A hiring range represents a subset of the full salary range. The actual salary will depend on several factors, including relevant education, skills, and experience of an applicant, geographic location, and business needs. Our employment practices are in accordance with the laws that prohibit discrimination due to race, color, creed, sex, sexual orientation, gender identity, genetic information, religion, age, national origin or ancestry, physical or mental disability, medical condition, veteran status, active military status, citizenship status, marital status or any other consideration made unlawful by federal, state, or local laws. All of our locations are tobacco free including in company vehicles.
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Serves as assigned line of business subject matter expert to provide strategic direction enterprise wide. Develops line of business strategies and plans, and ensures successful implementation enterprise wide. Leads the administration and development of products and programs for assigned line of business
Leads the process of the developing of short- and long-term strategic product and underwriting strategies within LOB in support of enterprise-wise business and profitability goals
Maintains primary oversight of the profit and loss for assigned LOB. Develops and maintains the business plan for assigned LOB
Analyzes premium and loss data and other key reports on monthly and quarterly basis to ensure long-term profitable growth
Analyzes underwriting and loss results and determines underlying trends that impact results. Recommends actions to drive profitable growth
Creates, maintains, and communicates best practices and underwriting guidance to the whole enterprise.
Develops new product ideas, reviews existing products, and drafts new coverage language. Oversees new product ideas developed within team and subsequent implementation across the organization
Proactively communicates and makes necessary recommendations to management for improvement needed to meet company goals and improve underwriting results
Evaluates the cost and benefit of market opportunities and product initiatives, and recommends actions based on evaluation, including identifying product improvements for complex products
Provides analysis for state and countrywide rate reviews as well as to aid branch partners in efforts at profitability improvement and profitable production by providing recommendations and support to drive profitable growth
Reviews insurance publications and keeps current on issues impacting LOB by attending seminars and participating in continuing education
Serves as a sought‑out subject matter expert frequently consulted for initiatives and special projects within assigned LOB
Manages business relationships with external and internal partners to introduce and integrate product initiatives based on enterprise needs
Initiates and assists in the preparation of underwriting workshops and seminars for the company
Acts as a speaker or instructor for internal training exercises or meetings, and provides input or prepares articles on the most complex issues.
Reviews and studies proposed changes in rules, rates, and forms for assigned LOB for both EMC proprietary and controlled by ISO
Prepares any necessary changes and new information for company manuals, bureau and proprietary policy forms, and statistical coding
Assesses the impact of proposed changes and determines the need for and timing of filings. Prepares documentation needed to obtain approval and makes recommendations for needed action
Writes and prepares new proprietary endorsements as needed
Coordinates with other corporate office departments to implement and communicate changes and impacts
Reviews insurance publications and keeps current on issues by attending seminars and participating in continuing education
Serves as the LOB subject matter expert by researching and reviewing state regulations, coverages, operational processes, underwriting criteria and system application and tools
Receives and handles underwriting referrals from the field and/or segment
Ensures that the team responds timely and collaborates closely with branch offices on underwriting philosophy, authorizations, and facultative reinsurance needs, etc.
Provides guidance and direction in the development of underwriting and training tools at the branch and enterprise level
Provides advice and guidance for branch authorizations in determining the acceptability of business by discussing underwriting philosophy, policy forms, rating approaches, underwriting and risk management techniques, including the largest and most complex risk submissions which may require a specialized approach
Determines the need for and places facultative reinsurance
Collaborates with team members to establish performance goals and monitors status, conducts performance reviews, and provides coaching
Interviews, hires, and recommends salary adjustments for team members
Resolves disciplinary issues, reviews results, action plans, and progress
Develops team expertise and completes succession planning, including identifying talent and implementing development plans for critical positions
Supports diversity, equity, and inclusion initiatives
Fosters an innovative culture, including supporting new ideas and providing guidance on potential changes
Develops and maintains department budget
Education & Experience
Bachelor’s degree, preferably in an insurance or business‑related field, or equivalent relevant experience
Ten years of experience with commercial property and casualty underwriting, including at least five years of commercial staff underwriting experience within applicable line of business
Insurance certifications, such as CPCU, AU or CIC
Previous people leadership experience
Knowledge, Skills & Abilities
Superior knowledge of countrywide underwriting techniques, terminology, policies, products, and forms
Exceptional underwriting judgment and decision‑making skills
Strong knowledge of key performance indicators (KPIs) and ways to improve them
Proficiency with computer software and Microsoft Office Suite
Superior written and oral communication skills
Superior organizational and multi‑tasking skills
Excellent problem‑solving and analytical abilities
Excellent presentation, communication, and leadership skills
Strong ability to advise, partner, influence and effectively consult with diverse internal and external stakeholders, including senior leaders, executives, and project owners
Strong ability to distill and communicate highly complex issues for technical and non‑technical audiences
Strong ability to translate technical ideas into more general terms for business customers
Occasional travel required; a valid driver’s license with an acceptable motor vehicle report per company standards required if driving
Hiring Salary Range
The hiring salary range for this position will vary based on geographic location, falling within either the $128,094‑$183,584 range or the $141,211‑$202,414 range. A hiring range represents a subset of the full salary range. The actual salary will depend on several factors, including relevant education, skills, and experience of an applicant, geographic location, and business needs. Our employment practices are in accordance with the laws that prohibit discrimination due to race, color, creed, sex, sexual orientation, gender identity, genetic information, religion, age, national origin or ancestry, physical or mental disability, medical condition, veteran status, active military status, citizenship status, marital status or any other consideration made unlawful by federal, state, or local laws. All of our locations are tobacco free including in company vehicles.
#J-18808-Ljbffr