Head of Underwriting Governance

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Job Description: Head of Underwriting Governance

Position Summary

The Head of Underwriting Governance is responsible for establishing and maintaining robust underwriting governance frameworks policies and controls across the organization. This role ensures underwriting practices are aligned with regulatory requirements internal risk appetite and strategic business objectives across the US and Bermuda for all lines of business. The role will lead initiatives to enhance underwriting discipline consistency and accountability while fostering a culture of continuous improvement and compliance. This role also supports underwriting training and development role across Programs and Solutions and Wholesale & Specialty.

Key Responsibilities

Governance & Frameworks:

• Develop and implement underwriting governance frameworks policies and procedures across all lines of business including:
  • Delegated standards approval and audit processes including development of workflow tools to automate approval processes.
  • Manage the outputs of peer reviews and the annual audit assessments to determine actions required.
  • Assist the CUO US & Bermuda in developing technical underwriting guidelines referral standards and other underwriting guidelines.

• Ensure alignment with regulatory standards industry best practices and internal risk appetite across all lines of business.
• Oversee underwriting authority limits and escalation protocols across all lines of business.
  • Manage the process for the granting updating and monitoring of underwriting authorities coordinating with the CUO US Wholesale & Specialty and the Presidents within Programs & Solutions.

• Collaborate with CUO US & Bermuda on projects and ongoing initiatives that impact Markel Insurance across US/Bermuda and implement changes or lead projects as applicable.
• Work with the CUO US Wholesale & Specialty and Presidents within Programs & Solutions to develop quarterly commentary used by Senior Leadership for the earnings call for all lines of business.
• Manage Markel Insurance US/Bermuda compliance with local requirements in the US London Dublin & Bermuda.
• Maintain a central repository of CUO US & Bermuda underwriting guidelines to ensure consistency across the Insurance platform.

Risk and Compliance:

• Collaborate with Risk Compliance and Legal teams to ensure underwriting practices meet regulatory and internal standards across all lines of business.
• Collaborate with Product & Regulatory Services (PRS) to ensure compliance with rate form and feature development to ensure adherence to state-specific and national regulatory requirements across all lines of business.
• Partner with Legal and Compliance teams to address emerging regulatory issues and audit findings across all lines of business.
• Monitor underwriting risk exposures and report on emerging risks and trends.
• Lead internal audits and reviews of underwriting practices and controls.
  • International and cross border responsibilities: responsible for compliance reporting business planning.
  • Liaise with internal stakeholders including Underwriting Risk Compliance and Actuarial teams.
  • Represent the company in industry forums and regulatory discussions related to underwriting governance.
  • Serves as the primary point of contact with Markel International non-underwriting departments including Claims Finance Aggregate Management Actuarial Compliance Credit Control Risk Management Data Quality with regard to GIE operations.

Leadership & Strategy:

• Provide strategic direction and leadership to underwriting governance teams.
• Act as a key advisor to senior leadership on underwriting governance matters.
• Drive initiatives to improve underwriting quality consistency and operational efficiency

Training & Development:

• Responsible for managing the Training and Development Associate Director and partnering with Wholesale & Specialty and Programs & Solutions on underwriting training and development programs including: Markel Masters Markel Accelerate the Markel Underwriter.
• Continue to develop new training programs for Wholesale & Specialty and Programs & Solutions as needed.
• Partner with other departments on delivering training across the underwriting organizations.

Qualifications:

• Minimum 10 years of underwriting experience with a strong technical and governance background.
• Bachelors degree required; advanced degree or professional certifications preferred.
• Strong analytical strategic and communication skills.
• Experience with expense management and performance metrics.
  

US Work Authorization

US Work Authorization required. Markel does not provide visa sponsorship for this position now or in the future.

Pay information:

The base salary offered for the successful candidate will be based on compensable factors such as job-relevant education job-relevant experience training licensure demonstrated competencies geographic location and other factors.The salary for the position is $158720 - $218240 with a 55% bonus potential.