AVP, Product & Underwriting (Core/Middle Market)
AVP, Product & Underwriting (Core/Middle Market)
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Salary Not Disclosed
1 Vacancy
Job Description
Company Details
Preferred Employers Insurance A Berkley Company specializes in providing workers compensation insurance to California business owners. The company serves three major client segments: Small Business Owners Mid-Larger Businesses and Group Association Members (Programs). The companys distribution partners (agents & brokers) number 400 locations throughout the state. Preferred serves 10000 policyholders and provides medical claims handling and claims management for policyholders as needed to care for injured workers. The company is rated A Superior by industry-rating organization AM Best & Company.
The company is an equal opportunity employer.
Responsibilities
The Assistant Vice President - Product & Underwriting will lead the operations and management of our Core and Middle Market segments to ensure continued achievement of profit and loss targets. This leadership role includes
ownership and implementation of user-friendly product features creating digitally-enabled underwriting workflows managing the products business mix portfolio assessing the existing portfolio for profitability while determining new opportunities for class code expansion launching marketing programs to strengthen branding and translating the product segments goals and end-user needs into a distribution strategy that prioritizes profitable growth. The Assistant Vice President Product & Underwriting will also be responsible for assessing technology options for implementation as needed to ensure optimal segment productivity and industry-leading user experience. A key expectation of this role involves using data-driven customer sourcing and evaluation techniques to generate sustainable revenue and profit.
The ideal candidate will have experience in strategic planning product ownership business operations data analytics underwriting decision-making and business development. Experience in California workers compensation insurance a definite plus.
The Assistant Vice President Product & Underwriting will:
- Operate as an independent thought leader with accountability to PEIs Chief Underwriting Officer.
- Lead a production underwriting team of 5-7 professional production underwriters.
- Own product roadmap and lead all aspects of product strategy development production and management.
- Manage product segment KPIs to ensure achievement of productivity profit and growth targets.
- Identify operational improvements to create efficient product delivery and best in class customer experience.
- Analyze new tech/digital tools to optimize the in-depth analysis of new business renewals declinations and appetite.
- Create test and implement models to enhance risk analysis
- Conduct analytical research to identify new business and renewal opportunities.
- Work closely with product stakeholders including Underwriting Marketing Sales and Actuarial on strategy regulatory changes compliance customer service workflow and implementation schedules.
- Other duties and special projects as assigned.
Qualifications
- Bachelors degree
- Project Management Certifications such as CAPM (Certified Associate in Project Management) PMP (Project Management Professional) a plus.
- Industry designations such as CPCU CIC ARM AU WCIRB Essentials or similar designations a plus.
- Minimum 10 years as a product manager production underwriter or underwriting director.
- 5 years of experience in workers compensation insurance.
- Ability to work cross-functionally with technical underwriting marketing sales and senior leaders.
- High-competency analytical skills using Excel PowerBI and other data evaluation tools are required. Data analysis and data visualization a plus.
- Strong time management skill required for organizing prioritizing and managing multiple projects.
- Experience communicating product design Management and go-to-market strategies and plans.
- Familiar with researching learning and vetting new technology solutions.
- Effective written and oral communications skills
- Data-driven and detail-oriented.
- Strategic thinker with a passion for getting things done.
- Self-starter innovator and curious by nature.
- Travel (15% to 20%) may be required to meet with customers and to corporate offices.
Additional Company Details
The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role include:
Base Salary Range: $114000 - $250000
Benefits: Health Dental Vision Life Disability Wellness Paid Time Off 401(k) and Profit-Sharing plans.
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.
Sponsorship Details
Required Experience:
Exec
Employment Type
Unclear
