Hiscox
VP, Corix Underwriting
Job Type : Permanent
Build a brilliant future with Hiscox
Reporting to : SVP, Corix and Head of Strategic Integration Location : Boston, Chicago, Hartford, LA, New York and Atlanta Job Responsibilities Include : Talent Development
Develop a strong and high performing team
Participate in the identification and hiring of underwriting talent.
Train new Underwriters, and coordinate with others, to establish training to optimize growth and loss ratio performance of the underwriting team
Provide continual coaching and feedback to a team of high-performing Vertically focused Underwriters for the Corix business, and focusing their efforts to achieve growth, service and profitability goals
Develop and establish Vertical Centers of Excellence (COEs), including regular forums and reporting, and ensure COEs are influential in changes to underwriting rules, coverage changes, underwriting guidelines and pricing as related to their Vertical.
Retention and Talent Development desired behaviors to elevated performance, upskill talent as necessary
In coordination with the Corix Leadership Team and colleagues, ensure appropriate metric reporting is in place to assess underwriter's progress to goals and ensure regular feedback to deliver optimal individual underwriter results
Profitable Growth
With input from the Corix Leadership Team and CUO, drive underwriting strategy and underwriting guidelines
Execute national plans for the Corix business : execute marketing initiatives, actively develop and manage broker relationships for Corix, individual underwriter and team lead level, drive new business growth activity, and meet / exceed budget expectations.
Lead Monthly and Quarterly Business Review efforts for the Corix business.
Manage the team and business to key underwriting KPIs, such as quote rates, bind rates, renewal rate change, etc.
Manage UW productivity, including working with the Corix Leadership Team to continually drive updates that increase profitable straight through processing.
Ensure industry leading responsiveness to trading partners.
Obtain senior level underwriting authority, assume responsibility for taking underwriting referrals for the team working closely with Practice Leader and CUO on complex referrals.
Portfolio Management
With input and guidance from actuarial, the CUO and other peers, oversee and be accountable for the Corix business P&L and assumed volatility of the portfolio.
Execution of product management strategies with underwriters and brokers to achieve profitable growth. In coordination with the Corix Leadership Team :
Act as key lead in identifying and executing profitable expansion opportunities.
Deliver rate and book mix in accordance with business plans and actuarial targets.
Continually drive to the optimal portfolio make-up by leading changes to underwriting rules, pricing and underwriting guidelines.
Develop and deliver a regular underwriting review forum (Underwriting MBR / QBR)
Analyze reports to aid in portfolio underwriting, identify specific growth and loss drivers and make data-driven recommendations for portfolio improvement.
Sales and Broker Management
Work with Business Development Manager on building and maintaining UW pipelines to feed workflow nationally.
Maintain a strategic travel regimen for all UWs and provide quarterly marketing strategy to SVP, Corix and Head of Strategic Integration.
Be visible nationally : be known by practice leads, be a visible voice on media, broker presentations, industry conferences, drive marketing and new business development with our brokers.
Actively manage renewal workflows nationally and drive favorable outcomes on a proactive basis, deploying standardized tools, to secure maximum retention
Oversee underwriting, pricing and negotiating of accounts to win new business and retain renewals, consistent with Hiscox underwriting guidelines and profitability targets. Engage on specific 'needle moving' accounts do secure new and renewal business.
Develop new relationships within existing brokers and maintain existing relationships with the national broker base.
Cross-Functional Collaboration
Provide feedback to insurance innovation, CUO, product, actuarial, claims and marketing on ways to remove barriers to elevated performance or service and to drive increased value to our partners e.g. process tweaks / enhancements, marketing initiatives / results, product upgrades
Person Specification
Eight or more years of insurance underwriting experience in multiple commercial P&C lines of business, management liability and / or cyber and E&O preferred
5 - 8 years of experience in a team lead role / managing a team of underwriters
Proven track record of sale experience - working with brokers, developing and expanding a book of business; Exemplary sales skills which include pipeline, prospecting, negotiating, and closing.
Strong portfolio management experience. Strong wholesale and retail broker relationships, preferred in tech and / or life sciences
B.A. / B.S degree in Business, Finance, Economics, Risk Management or a related field is preferred
A professional underwriting designation is preferred e.g. CPCU, RPLU
The Ideal Candidate Will Also Possess
Strong understanding of sales principles, negotiation skills and a demonstrated competitive drive
Strong interpersonal skills and ability to work independently and in a collaborative environment
Innate customer service mentality enabling one to effectively interact with all levels of internal and external customers and partners
The ability to identify business needs and how to meet those needs
Comfort operating in a hybrid environment (mix of work from home, in-office and on-site with brokers)
Comfort with ambiguity
Strong analysis skills
Excellent written and verbal communication skills
20-30% intra-regional and cross-regional travel required; some travel to other national offices required at times
What We Offer
401(k) with competitive company matching
Comprehensive health insurance, vision, dental and FSA plans (medical, limited purpose, and dependent care)
Company paid group term life, short- term disability and long-term disability coverage
24 Paid time off days plus 2 Hiscox days,10 paid holidays plus 1 paid floating holiday, and ability to purchase up to 5 PTO days
Paid parental leave
4-week paid sabbatical after every 5 years of service
Financial Adoption Assistance and Medical Travel Reimbursement Programs
Annual reimbursement up to $600 for health club membership or fees associated with any fitness program
Company paid subscription to Headspace to support employees' mental health and wellbeing
2024 Gold level recipient of Cigna's Healthy Workforce Designation for having a best-in-class health and wellness program
Dynamic, creative, and values-driven culture
Modern and open office spaces, complimentary drinks
Spirit of volunteerism, social responsibility, and community involvement, including matching charitable donations for qualifying non-profits via our sister non-profit company, the Hiscox USA Foundation
Salary Range : $200k-$250k The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.
Please note that this position is hybrid and requires two (2) days in our office weekly
About Hiscox As an international specialist insurer, we are far removed from the world of mass market insurance products. Instead, we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.
We insure the unique and the interesting. And we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and look for solutions
#J-18808-Ljbffr
Reporting to : SVP, Corix and Head of Strategic Integration Location : Boston, Chicago, Hartford, LA, New York and Atlanta Job Responsibilities Include : Talent Development
Develop a strong and high performing team
Participate in the identification and hiring of underwriting talent.
Train new Underwriters, and coordinate with others, to establish training to optimize growth and loss ratio performance of the underwriting team
Provide continual coaching and feedback to a team of high-performing Vertically focused Underwriters for the Corix business, and focusing their efforts to achieve growth, service and profitability goals
Develop and establish Vertical Centers of Excellence (COEs), including regular forums and reporting, and ensure COEs are influential in changes to underwriting rules, coverage changes, underwriting guidelines and pricing as related to their Vertical.
Retention and Talent Development desired behaviors to elevated performance, upskill talent as necessary
In coordination with the Corix Leadership Team and colleagues, ensure appropriate metric reporting is in place to assess underwriter's progress to goals and ensure regular feedback to deliver optimal individual underwriter results
Profitable Growth
With input from the Corix Leadership Team and CUO, drive underwriting strategy and underwriting guidelines
Execute national plans for the Corix business : execute marketing initiatives, actively develop and manage broker relationships for Corix, individual underwriter and team lead level, drive new business growth activity, and meet / exceed budget expectations.
Lead Monthly and Quarterly Business Review efforts for the Corix business.
Manage the team and business to key underwriting KPIs, such as quote rates, bind rates, renewal rate change, etc.
Manage UW productivity, including working with the Corix Leadership Team to continually drive updates that increase profitable straight through processing.
Ensure industry leading responsiveness to trading partners.
Obtain senior level underwriting authority, assume responsibility for taking underwriting referrals for the team working closely with Practice Leader and CUO on complex referrals.
Portfolio Management
With input and guidance from actuarial, the CUO and other peers, oversee and be accountable for the Corix business P&L and assumed volatility of the portfolio.
Execution of product management strategies with underwriters and brokers to achieve profitable growth. In coordination with the Corix Leadership Team :
Act as key lead in identifying and executing profitable expansion opportunities.
Deliver rate and book mix in accordance with business plans and actuarial targets.
Continually drive to the optimal portfolio make-up by leading changes to underwriting rules, pricing and underwriting guidelines.
Develop and deliver a regular underwriting review forum (Underwriting MBR / QBR)
Analyze reports to aid in portfolio underwriting, identify specific growth and loss drivers and make data-driven recommendations for portfolio improvement.
Sales and Broker Management
Work with Business Development Manager on building and maintaining UW pipelines to feed workflow nationally.
Maintain a strategic travel regimen for all UWs and provide quarterly marketing strategy to SVP, Corix and Head of Strategic Integration.
Be visible nationally : be known by practice leads, be a visible voice on media, broker presentations, industry conferences, drive marketing and new business development with our brokers.
Actively manage renewal workflows nationally and drive favorable outcomes on a proactive basis, deploying standardized tools, to secure maximum retention
Oversee underwriting, pricing and negotiating of accounts to win new business and retain renewals, consistent with Hiscox underwriting guidelines and profitability targets. Engage on specific 'needle moving' accounts do secure new and renewal business.
Develop new relationships within existing brokers and maintain existing relationships with the national broker base.
Cross-Functional Collaboration
Provide feedback to insurance innovation, CUO, product, actuarial, claims and marketing on ways to remove barriers to elevated performance or service and to drive increased value to our partners e.g. process tweaks / enhancements, marketing initiatives / results, product upgrades
Person Specification
Eight or more years of insurance underwriting experience in multiple commercial P&C lines of business, management liability and / or cyber and E&O preferred
5 - 8 years of experience in a team lead role / managing a team of underwriters
Proven track record of sale experience - working with brokers, developing and expanding a book of business; Exemplary sales skills which include pipeline, prospecting, negotiating, and closing.
Strong portfolio management experience. Strong wholesale and retail broker relationships, preferred in tech and / or life sciences
B.A. / B.S degree in Business, Finance, Economics, Risk Management or a related field is preferred
A professional underwriting designation is preferred e.g. CPCU, RPLU
The Ideal Candidate Will Also Possess
Strong understanding of sales principles, negotiation skills and a demonstrated competitive drive
Strong interpersonal skills and ability to work independently and in a collaborative environment
Innate customer service mentality enabling one to effectively interact with all levels of internal and external customers and partners
The ability to identify business needs and how to meet those needs
Comfort operating in a hybrid environment (mix of work from home, in-office and on-site with brokers)
Comfort with ambiguity
Strong analysis skills
Excellent written and verbal communication skills
20-30% intra-regional and cross-regional travel required; some travel to other national offices required at times
What We Offer
401(k) with competitive company matching
Comprehensive health insurance, vision, dental and FSA plans (medical, limited purpose, and dependent care)
Company paid group term life, short- term disability and long-term disability coverage
24 Paid time off days plus 2 Hiscox days,10 paid holidays plus 1 paid floating holiday, and ability to purchase up to 5 PTO days
Paid parental leave
4-week paid sabbatical after every 5 years of service
Financial Adoption Assistance and Medical Travel Reimbursement Programs
Annual reimbursement up to $600 for health club membership or fees associated with any fitness program
Company paid subscription to Headspace to support employees' mental health and wellbeing
2024 Gold level recipient of Cigna's Healthy Workforce Designation for having a best-in-class health and wellness program
Dynamic, creative, and values-driven culture
Modern and open office spaces, complimentary drinks
Spirit of volunteerism, social responsibility, and community involvement, including matching charitable donations for qualifying non-profits via our sister non-profit company, the Hiscox USA Foundation
Salary Range : $200k-$250k The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.
Please note that this position is hybrid and requires two (2) days in our office weekly
About Hiscox As an international specialist insurer, we are far removed from the world of mass market insurance products. Instead, we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.
We insure the unique and the interesting. And we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and look for solutions
#J-18808-Ljbffr