Underwriting Product Director – Property
EMC Insurance Companies
Underwriting Product Manager – Casualty
EMC Insurance Companies
full-time
Posted on:
Location Type: Remote
Location: Remote • 🇺🇸 United States
Visit company websiteSalary
💰 $109,818 - $157,391 per year
Job Level
SeniorLead
About the role
- Serves as assigned line of business subject matter expert to provide strategic direction enterprise wide
- Develops line of business strategies and plans, and ensures successful implementation enterprise wide
- Leads the administration and development of products and programs for assigned line of business
- Leads the process of the developing of short- and long-term strategic product and underwriting strategies within LOB in support of enterprise-wide business and profitability goals
- Maintains primary oversight of the profit and loss for assigned LOB
- Develops and maintains the business plan for assigned LOB
- Analyzes premium and loss data and other key reports on monthly and quarterly basis to ensure long-term profitable growth
- Analyzes underwriting and loss results and determines underlying trends that impact results
- Recommends actions to drive profitable growth
- Analyzes for profit and loss for assigned LOB
- Develops new product ideas, reviews existing products, and drafts new coverage language
- Leads and coordinates marketing of designed products
- Creates, maintains, and communicates best practices and underwriting guidance to all of EMC
- Acts as a strategic partner for branches and other corporate departments on LOB questions
- Proactively communicates and makes recommendations to management for improvements needed to meet company goals and improve underwriting results
- Evaluates the cost and benefit of market opportunities and product initiatives and recommends actions based on evaluation, including identifying product improvements for complex products
- Provides analysis for state and countrywide rate reviews as well as to aid branch partners in efforts at profitability improvement and profitable production by providing recommendations and support to drive profitable growth
- Reviews insurance publications and keeps current on issues by attending seminars and participating in continuing education
- Represents Corporate Underwriting and EMC on various committees and events as appropriate and approved
- Reviews and studies proposed changes in rules, rates, and forms for assigned LOBs for both EMC proprietary and those controlled by ISO or other bureaus
- Prepares any necessary changes and new information for company manuals, bureau and proprietary policy forms and statistical coding
- Assesses the impact of proposed changes and determines the need for and timing of filings
- Prepares documentation needed to obtain approval and makes recommendations for needed action
- Writes and prepares new proprietary endorsements as needed
- Coordinates with other corporate office departments to implement and communicate changes and impacts
- Serves as assigned LOB subject matter expert by researching and reviewing state regulations, coverages, operational processes, underwriting criteria and system application and tools
- Serves on special projects with other strategic partners within the organization as a representative of assigned LOB
- Provides evaluation and input regarding effectiveness of departmental projects
- Works with third party vendors and manages consultant relationships with internal partners to integrate products based on enterprise needs
- Participates in the creation and execution of marketing material and strategies
- Partners with and provides underwriting expertise to departments within the company
- Initiates and assists in the preparation of underwriting workshops and seminars for underwriting branch team members
- Acts as a speaker or instructor for internal training exercises or meetings, and provides input or prepares articles, white papers, and underwriting bulletins on the most complex issues
- Partners with COUW Business Segment team on most complex and larger accounts that may be outside of their LOB authority
- Assesses coverage, limits, and pricing on complex accounts and provides branches with authorizations on accounts above branch authority
- Determines the acceptability of risk by discussing underwriting philosophy, policy forms, rating approaches, underwriting and risk management techniques, including the largest and most complex risk submissions which require a specialized approach
- Participates in all aspects of quality control and audit assessments on new and renewal business
Requirements
- Bachelor’s degree, preferably in a business or insurance related field, or equivalent relevant experience
- Ten years of experience with commercial property and casualty underwriting including at least three years of staff underwriting experience within specific line of business
- Insurance certifications, such as CPCU, AU or CIC preferred
- Exceptional, proven knowledge of countrywide underwriting techniques, terminology, policies, and forms
- Exceptional underwriting judgment and decision-making skills
- Excellent knowledge of key performance indicators (KPIs) and ways to improve them
- Advanced written and verbal communication skills, including presentation skills
- Strong computer knowledge, Internet and keyboarding skills
- Excellent ability to advise, partner, influence and effectively consult with diverse internal and external stakeholders, including senior leaders, executives, and project owners
- Excellent ability to distill and communicate highly complex issues for technical and non-technical audiences
- Excellent ability to translate technical ideas into more general terms for business customers
- Occasional travel; a valid driver’s license with an acceptable motor vehicle report per company standards required if driving
Benefits
- Life insurance
- Medical coverage
- Dental coverage
- Vision coverage
- Prescription drug coverage
- Competitive paid time off plan
- Full day of volunteer time off annually
- 401(k) plan match
- Pension plan
- OneEMC bonus plan
- Recognition and anniversary awards
- Professional development and growth opportunities
- Tuition reimbursement
- Wellness initiatives to improve team member well-being
- Flexibility to dress for your day
- Opportunities for alternative work arrangements
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
commercial property underwritingcasualty underwritingunderwriting techniquesunderwriting judgmentdecision-making skillskey performance indicatorsrisk management techniquesproduct developmentdata analysisprofit and loss analysis
Soft skills
strategic directioncommunication skillspresentation skillsconsulting skillsinfluencing skillspartnering skillsproblem-solving skillsteam leadershipstakeholder engagementtraining and mentoring
Certifications
CPCUAUCIC
