Berkshire Hathaway GUARD Insurance Companies

Vice President – Professional Liability

Berkshire Hathaway GUARD Insurance Companies

full-time

Posted on:

Location Type: Hybrid

Location: New York City • New Jersey • New York • United States

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Salary

💰 $150,000 - $300,000 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.
  • Accountable for the line level P&L.
  • 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.
  • Communication of hypothesis and outcomes are driven by discussion, creation of content and presentation materials.
  • Analyze agent feedback, competitive landscape, and market trends to iteratively improve existing products and identify new product opportunities.
  • Collaborate with training and marketing to develop communication, training, and marketing materials in support of new or enhanced products and initiatives.
  • May require delivery of training materials or content.
  • Outline post implementation monitoring and measurement mechanisms for line of business specific strategies in support of outlined success criteria.
  • Collaborate with Data and Analytics unit to analyze and refine results.

Requirements

  • Bachelor's degree preferred with concentration in Risk Management, Business, Economics, Finance, Math, Statistics or Actuarial Sciences
  • Minimum of 10+ years of Professional Liability (E&O, EPLI, D&O) Product experience; production underwriting experience preferred but not required.
  • Must exhibit expertise in industry trends, state regulations, and compliance processes.
  • Must promote and exemplify data driven decision-making.
  • Promotes and exemplifies a culture of collaboration, including stakeholders at various levels and in various departments.
  • Provide guidance through example. There is expectation that in addition to ownership and guidance, work product will be delivered through this role for all owned aspects.
  • Excellent verbal and written communication skills, along with interpersonal and influencing skills
  • Self-directed and self-motivated with demonstrated strength in planning, organizing, and driving seamless product delivery.
  • Proficient with MS Office; Proficient with reporting tools like PowerBI.
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 & Tools
product developmentunderwriting guidelinesrating algorithmsP&L managementmarket intelligenceKPI monitoringdata analysisrisk managementcompliance processesdata driven decision-making
Soft Skills
leadershipcollaborationcommunicationinterpersonal skillsinfluencing skillsplanningorganizingself-directedself-motivatedguidance