The Contract Binding Team within the Excess and Surplus division of IAT Insurance Group has an immediate opening for Underwriting Manager of our East Coast Territory from our Cheshire, Connecticut; Alpharetta, Georgia; Naperville or Rolling Meadows, Illinois; Raleigh, North Carolina; Jersey City or Newark, New Jersey; Norristown, Pennsylvania; or Virginia Beach, Virginia location.
Reporting to the Vice President of Underwriting, this role will be tasked with maintaining a book of business and oversight of specific Underwriters located in the Midwest and the East coast. This role works a hybrid schedule that requires working from the office Monday through Wednesday, with the option of working Thursday and Friday remotely.
Responsibilities:- Manages the work activities, performance, and professional development of the underwriting department, including leading and supporting a geographically dispersed remote team.
- Manage agency relationships and book management.
- Coach underwriting leaders, mentor underwriters, and contribute to the design and delivery of underwriting training programs; travel is required.
- Makes recommendations on underwriting policy and pricing strategy to Business Unit Lead.
- Reviews and manages the application of underwriting policy and pricing for all risks.
- Drive key initiatives and business strategies.
- Represent the organization at key industry events and conduct agency visits.
- Partner with the Product department to develop new products and enhance underwriting approaches.
- Work with the Claims team to review large loss reports and take corrective action when necessary.
- Work with the Actuarial team to review pricing, underwriting results, and portfolio performance.
- Coordinate with the Marketing team to communicate value propositions and underwriting messages to agency partners.
- Stay current on state and territory regulatory requirements, industry activity, and market trends.
- Lead and participate in projects as assigned.
- Perform other duties as needed.
Qualifications:Must-Have:- Bachelor's degree in a related field with 5+ years of commercial insurance experience, or equivalent experience.
- Equivalent experience is defined as 9+ years of relevant professional experience.
- Solid understanding of the Property & Casualty insurance industry.
- Experience with Excess and Surplus lines underwriting.
- Expertise in underwriting complex or unfamiliar risks.
- Ability to apply loss development and advanced loss analysis concepts to achieve optimal risk pricing.
- Ability to creatively structure coverage features, deductibles, and reinsurance solutions to meet company objectives.
- To qualify, applicants must be authorized to work in the United States and must not require VISA sponsorship, now or in the future, for employment purposes.
Preferred to Have:- Master's degree in risk management, Finance, Mathematics, or Business.
- Professional insurance designations such as CPCU, ARM, or AU.
- Completion of INS 21, 22, and 23, or equivalent coursework.
Compensation:Please note, that the annual [gross salary range (hourly rate)] associated with this posting is $72,560 - $157,950. This range represents the anticipated low and high end of the base salary for this position. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role. The total compensation will include a base salary, performance-based bonus opportunities, 401(K) match, profit-sharing opportunities, and more.
To view details of our full benefits, please visit https://www.iatinsurancegroup.com/careers/benefits
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