AVP, Underwriting - Healthcare
AVP, Underwriting - Healthcare
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
MAJOR DUTIES & RESPONSIBILITIES:
- MGA Performance Management: Regularly monitor the MGAs underwriting results including loss ratios expense ratios rate retention and overall premium growth. Analyze performance data to identify trends areas for improvement and potential risks.
- Underwriting Authority and Guidelines: Ensure the MGA operates within its granted underwriting authority and adheres to all established underwriting guidelines policies and procedures. Conduct regular audits and reviews to verify compliance.
- Relationship Management: Serve as the primary point of contact for the MGA fostering a strong and collaborative partnership built on trust and open communication. Conduct regular meetings to discuss performance strategic initiatives and operational issues.
- Underwriting Audits and Reviews: Plan coordinate and conduct periodic underwriting audits of the MGAs operations to assess adherence to guidelines identify potential weaknesses and recommend corrective actions.
- Product and Program Development: Collaborate with the MGA on the development and implementation of new insurance products and programs ensuring alignment with the companys risk appetite and strategic goals. Provide underwriting expertise and guidance throughout the product lifecycle.
- Pricing and Rate Adequacy: Monitor the MGAs pricing strategies and ensure rate adequacy to achieve profitability targets. Collaborate on rate adjustments and pricing initiatives as needed.
- Compliance and Regulatory Adherence: Ensure the MGA operates in full compliance with all applicable state and federal regulations as well as internal company policies. Stay abreast of industry trends and regulatory changes that may impact the MGAs operations.
- Communication and Reporting: Prepare and present regular reports on the MGAs performance key metrics and any significant issues to senior management. Effectively communicate underwriting guidelines performance expectations and strategic updates to the MGA.
- Training and Development: Collaborate with the MGA to ensure their underwriting staff receives appropriate training and development on company guidelines product knowledge and best practices.
Qualifications
- Bachelors degree in a relevant field (e.g. Business Administration Finance Risk Management).
- 10 years of underwriting experience with a strong preference for commercial multi-peril underwriting skill
- A highly results-driven executive with a documented history of successfully expanding and optimizing underwriting portfolios for sustained profitability.
- Thrives in a dynamic fast-paced environment and demonstrates strong accountability for achieving measurable results
- Strong written and oral communication skills
- Exceptional skills and a proven ability to effectively manage external partnerships
- Position may require passing Excess and Surplus license exam
Required Experience:
Exec
Employment Type
Full-Time
