AVP Accountants Professional Liability
AVP Accountants Professional Liability
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$ 170000 - 190000
1 Vacancy
Job Description
Company Details
Vela Insurance Services provides specialized Excess and Surplus Lines Casualty and Professional Liability insurance solutions in the following four market segments.: Construction Specialty Casualty Velocity Small Business & Professional Liability. We offer national service and local knowledge to our exclusive wholesale broker network and the businesses they serve.
Responsibilities
This is a new role created for the initial purpose of establishing an Accountants Professional Liability (APL) unit within the Professional Liability business segment to expand our product offerings to our distribution partners. The leader will be responsible for building out the platform and underlying business strategy to execute the APL business plan reporting to the segment SVP. The APL unit will concentrate on accounts resembling the current Professional Liability unit (MPL and TPL) with a similar diversification strategy and Limit profile.
- Create a strategy document and business plan for writing profitable business in this space
- Establish underwriting guidelines
- Work with the Product Development lead to create Policy form and relevant endorsements
- Implement a seamless integration with our existing Professional book and guidelines
- Identify target classes and geographic opportunities
- Identify distribution partners
- Establish rating schemes in partnership with the Actuarial team
- Partner with IT and operations personnel to develop a platform for highly efficient underwriting and processing of submissions
- Determine staffing needs if and when appropriate
- Develop letters of authority as needed
- Develop a twoyear pro forma P&L
- Facilitate and manage broker relationships in the space with the support of Marketing and SalesForce
- Broker Relationships: Demonstrates a high level of responsiveness and professional demeanor. Will manage previsit written agendas and postvisit assessments and followup.
- Portfolio Management: Will create and manage an Accountants Professional Liability book by analyzing the portfolio identifying areas of opportunity for improved growth profit and diversification and executing the business plan.
- Leadership: Formally guides mentors and coaches underwriters in both technical and professional skills. Demonstrates areas of expertise and provides regular updates and feedback to underwriters.
- Collaboration collaborate effectively with functional leaders: Actuary claims Underwriting It and Marketing to gain support and drive initiative for profitability
- Travel initial travel will include frequent trips to Chicago and Atlanta to work with the VP Underwriting and Market Segment Executive with occasional broker visits performed in the future to support the business plan.
Qualifications
- Bachelors Degree required
- Minimum of 10 years commercial lines underwriting experience specifically Accountants Professional Liability
- Experience in managing a team
- Advancedlevel knowledge of insurance products/coverage market segment and marketplace insurance finance and actuarial concepts; loss control/risk engineering; marketing/selling techniques regulatory environment and reinsurance; specifically Accountants Professional Liability
- Ability to apply underwriting/appetite tools systems and resources to achieve goals solve complex problems for own portfolio
- Ability to establish and build healthy working relationships lead mentoring relationships and provide coaching to staff.
- Computer knowledge: Microsoft Office (Word Excel PowerPoint) and Microsoft Outlook proficiency Internet proficiency knowledge of claims management tools
The Company is an equal employment opportunity employer.
Additional Company Details
The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes:
Base Salary Range: $170000 $190000.
The actual salary for this position will be determined by a number of factors including the scope complexity and location of the role; the skills education training credentials and experience of the candidate; and other conditions of employment.
This role is eligible to participate in the annual discretionary bonus program.
Benefits: Health Dental Vision Life Disability Wellness Paid Time Off 401(k) and ProfitSharing plans.
Sponsorship Details
Required Experience:
Exec
Employment Type
Unclear
