Vice President, Commercial Auto
Berkshire Hathaway GUARD Insurance Companies
full-time
Posted on:
Location Type: Hybrid
Location: New York City • New Jersey, New York, Pennsylvania • 🇺🇸 United States
Visit company websiteSalary
💰 $150,000 - $250,000 per year
Job Level
Lead
About the role
- Leads the development of new insurance products, including underwriting guidelines, from concept to launch.
- Manages existing and new products to ensure production and profitability targets are met.
- Ownership of rate decision.
- Drives collaboration with actuarial, distribution and production underwriting to create and enhance rating algorithms.
- Functions as the ultimate referral underwriter by providing guidance and thought leadership to production underwriting at the single risk level and at the portfolio level.
- Manages the end-to-end product development lifecycle, ensuring milestones are met on time.
- Defines and prioritizes insurance product requirements, focusing on customer-centric solutions that align with a service forward USP (Unique Selling Position).
- Coordinates cross functional teams, including underwriting, distribution, actuarial, legal and IT to ensure seamless product delivery.
- Owns competitor intelligence strategy and conducts market intelligence.
- Provides guidance and thought leadership to Product Managers or Product Specialists to drive portfolio management monitoring and KPI's.
- Ensure all products comply with regulatory and legal requirements, working closely with the regulatory team.
- Monitor changes in regulations and market conditions that may impact product offerings, making adjustments as needed.
- Actively monitor product performance and enhance iteratively.
- Collaborate with training and marketing to develop communication, training, and marketing materials in support of new or enhanced products and initiatives.
Requirements
- Minimum of 10+ years of Auto product experience (personal lines or commercial lines); production underwriting experience preferred but not required.
- Must exhibit expertise in industry trends, state regulations, and compliance processes.
- Promotes and exemplifies a culture of data driven decision-making, collaboration, including stakeholders at various levels and in various departments.
- Bachelor's degree preferred with concentration in Risk Management, Business, Economics, Finance, Math, Statistics or Actuarial Sciences
Benefits
- Competitive compensation
- Healthcare benefits package that begins on first day of employment
- 401K retirement plan with company match
- Enjoy generous paid time off to support your work-life balance plus 9 ½ paid holidays
- Up to 6 weeks of parental and bonding leave
- Hybrid work schedule (3 days in the office, 2 days from home)
- Longevity awards (every 5 years of employment, receive a generous monetary award to be used toward a vacation)
- Tuition reimbursement after 6 months of employment
- Numerous opportunities for continued training and career advancement
- And much more!
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
product developmentunderwriting guidelinesrating algorithmsportfolio managementKPI monitoringregulatory compliancemarket intelligencedata-driven decision-makingcustomer-centric solutionsrisk assessment
Soft skills
leadershipcollaborationcommunicationguidancethought leadershipcross-functional coordinationstrategic thinkingproblem-solvingadaptabilitystakeholder engagement