HUB International

Senior Director, Mortgage Impairment

HUB International

full-time

Posted on:

Location Type: Remote

Location: Maryland • Texas • United States

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Job Level

Senior

About the role

  • Lead the underwriting process for new and renewal business.
  • Responsible for reviewing mortgage impairment insurance applications and any associated information that is deemed necessary for diligent underwriting.
  • Facilitate obtaining necessary underwriting data by working directly with financial institutions and associated sub-agents and HUB producers.
  • Educate financial institutions on policy coverages and conditions to ensure a firm understanding of the loan origination and ongoing insurance tracking requirements that may impact coverage.
  • Work directly with HFS Lloyd’s mortgage impairment facilities on new business / renewal business placements and midterm policy modifications.
  • Oversee and actively manage policy issuance and renewal processes.
  • Create and maintain structure for detailed retained underwriting file.
  • Monitor overall product line underwriting and HFS profitability.
  • Act as mortgage impairment subject matter expert in supporting new business revenue and renewal business.
  • Create regular product level content to be published through our HFS website, HFS webinars and associated HFS digital media outlets.
  • Provide guidance for coverage level questions including providing guidance on mortgage impairment warranty requirements.
  • Prepare coverage reviews and comparisons on as needed basis.
  • Present at industry events.
  • Monitor competitive landscape and market trends.
  • Act as primary point of contact for financial institution clients including direct written and identified existing HFS mortgage impairment client financial institutions.
  • Conduct regular business reviews with key accounts and sub-agents.
  • Provide active engagement support for any submitted mortgage impairment insurance claims.
  • Analyze market trends, client needs, risk factors, and regulatory changes to ensure HFS has a best-in-class mortgage impairment insurance product.
  • Collaborate with marketing and sales teams to develop impactful marketing strategies and materials to drive profitable growth.
  • Prepare revenue forecasts and budget projections.
  • Create automated workflows and underwriting analysis process that supports Lloyd’s facility guidelines and best practices for underwriting new and renewal business.
  • Develop automated workflows to support a timely policy issuance process.
  • Create and manage retained underwriting file documentation.
  • Establish and monitor key performance indicators.
  • Stay current on regulatory changes affecting mortgage impairment insurance and that underwriting practices comply with relevant laws, regulations, and industry standards.
  • Ensure adherence to surplus lines licensing and filing requirements.
  • Liaise with legal and compliance teams to address any regulatory concerns.
  • Manage and support annual Lloyd’s mortgage impairment insurance audit.

Requirements

  • Bachelor’s or master’s degree.
  • 10+ years of relevant product line experience, 5+ years in a leadership role within the financial institutions insurance industry.
  • Extensive knowledge of mortgage impairment insurance coverages and claim handling.
  • Strong knowledge of financial institution insurance regulations and risk management practices.
  • Excellent process improvement and process management skills.
  • Ability to work with a high attention to detail.
  • Experience working with community bank bond / D&O / property and casualty insurance programs is preferred.
  • Proficiency with Microsoft Office Suite (Word, Excel, Outlook)
  • Excellent analytical, communication, and interpersonal skills.
  • Ability to work in a fast-paced, collaborative environment.
  • Ability and willingness to utilize the company’s computer system and software.
  • Ability to understand policy forms and coverage descriptions.
  • Willingness to attend educational classes is desired.
Benefits
  • HSA and PPO Medical plans available through BlueCross BlueShield of Illinois (BSBCSIL)
  • FSA available
  • Dental plans through BCBSIL
  • Vision insurance through VSP
  • Employer paid Short Term Disability
  • Employer paid Life Insurance – 2x your salary
  • 401k -Company matching
  • 10 paid Holidays
  • Floating Holidays and Personal days
  • Accrue Vacation and Sick time from day 1
  • Tuition Reimbursement
  • All full-time employees working 30+ hours a week are eligible for benefits. Benefits are effective the first of the month, following their first 30 days.

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
underwritingmortgage impairment insuranceclaim handlingprocess improvementrisk managementpolicy issuanceautomated workflowsfinancial analysisregulatory complianceperformance indicators
Soft skills
leadershipattention to detailanalytical skillscommunication skillsinterpersonal skillscollaborationprocess managementeducational engagementpresentation skillsclient relationship management
Certifications
Bachelor’s degreeMaster’s degreesurplus lines licensing