VP of Digital Underwriting
Converge Insurance
full-time
Posted on:
Location Type: Remote
Location: United States
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Salary
💰 $180,000 - $225,000 per year
Job Level
About the role
- Develop and execute a comprehensive digital underwriting strategy that aligns with company goals and supports our expansion efforts, especially in the areas of automation, data analytics, and AI-driven underwriting.
- Drive digital transformation initiatives that streamline underwriting processes, improve efficiency, and enhance customer experience. This includes implementing digital platforms, improving data collection, and ensuring robust risk assessment capabilities.
- Collaborate closely with cross -functional teams including claims, product, distribution and technology to ensure seamless integration of digital underwriting solutions across the organization.
- Work closely with Head of Product to ensure compliance and digital underwriting processes adhere to regulatory standards and risk management protocols.
- Establish and monitor KPIs to measure the success of digital underwriting initiatives and implement continuous improvement programs.
- Manage relationships with external vendors and technology team, ensuring that digital underwriting tools and platforms meet our evolving business needs.
- Stay up to date on digital underwriting trends, emerging technologies, and industry best practices to continuously drive innovation and competitive advantage.
Requirements
- 7+ years of experience in underwriting with at least 3 years in a role managing digital transformation and innovation within the underwriting space, preferably in cyber insurance.
- Proven experience in driving digital transformation initiatives in the insurance industry with existing broker relationships, particularly in underwriting.
- Demonstrated P&L management experience and financial acumen, including budgeting, forecasting, and driving profitability.
- Knowledge of digital underwriting platforms, data analytics, ML/AI and automation tools.
- Familiarity with insurance technologies, including policy administration systems and risk assessment tools.
- Excellent communication skills with the ability to influence stakeholders at all levels of the organization, and external partners.
- Ability to thrive in a fast-paced, dynamic, and entrepreneurial environment.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
digital underwritingdata analyticsautomationmachine learningartificial intelligenceP&L managementbudgetingforecastingrisk assessmentdigital transformation
Soft skills
communicationinfluencingcollaborationrelationship managementcontinuous improvementadaptabilityleadershipproblem-solvingorganizational skillscustomer experience enhancement