AVP, Regional Underwriting Marine Manager
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Job Location:
Philadelphia, PA - USA
Monthly Salary:
$ 125000 - 175000
Posted on:
15 hours ago
Vacancies:
1 Vacancy
Job Summary
We are looking for a strategic and dynamic leader to partner with branch and distribution management to profitably grow the Mid-Atlantic Marine book of business. Responsible for growth profitability and fostering of internal and external relationships for the Marine book. Directly accountable for one (1) Underwriter. This Manager is responsible for underwriting hiring retention performance management compensation technical training coaching and development of underwriting staff.
The Manager is also responsible for advancing the sales and marketing expertise of the Marine team.
Responsibilities:
- P&L - Accountability (premium profitability growth retention and expense plans/results) for Marine business credited to the Mid-Atlantic Region. Accountable for renewal center Marine business credited to the Mid-Atlantic Region.
- Portfolio Management/LOB - Direct profit and loss responsibility for field business; coordination agency management and production responsibility across Marine product portfolio.
- Coordination and collaboration with the Underwriting Center
- Underwriting Strategy Execution - Manages execution of new Marine underwriting and renewal underwriting strategy.
- Technical UW/Referral Resource - In collaboration with Product and Territory Underwriting Managers serves as technical resource for referrals and underwriting authority for select teams based on technical background. Point of contact for branch risks which fall outside of field authority; coordinate efforts with Home Office/Product and Segment leaders.
- Quality Assurance - Monitors underwriting quality through quarterly self-audits referral interactions and Corporate Underwriting audits.
- Marketplace Focus - Develop opportunities particular to the marketplace and provide customized insurance solutions through local resources.
- Marketing Strategy and Execution - Works closely with Field Operations on development and execution of marketing strategy and coordinates marketing and production activities within the Mid-Atlantic region for Marine business.
- Business Development - Directs business development activities and provides guidance for implementing sales and/or product launches.
- Producer Management: Primary responsibility for managing regional/local producer plant; responsible for cohesive and consistent agency management strategies across assigned distribution. Facilitates product education/appetite; serves as point person for key local producer relationships.
- Budget and Expense Administration - Oversees business and budget planning for all business produced within the Mid-Atlantic Marine portfolio. Ensures effective expense administration.
- Staff Development and Staff Administration (including Performance Management and Compensation) for the underwriting team Accountable for new hire onboarding training and developing succession planning culture of inclusion coaching and mentoring and retention of staff. Ensure effective deployment of staff for the Marine team. Oversee workflows staffing resources and appropriate application of technology to ensure efficient cost-effective field operation. Collaborate with HR on performance management and compensation process.
Qualifications
- Minimum 5-7 years P&C underwriting experience with previous leadership experience
- Understanding of middle market Marine products and appetite with Inland Marine Cargo and Builders Risk experience preferred
- Strong understanding of field distribution plant (broker regional independent agents)
- Demonstrated people management skills
- Strong technical/underwriting leadership skills
- Advanced marketing and sales skills
- Builds strategic relationships
- Drives customer focus
- Demonstrates agility
- Drives execution
- Exerts operational decision making
- Exhibits skillful communication
The pay range for the role is $125000 to $175000. The specific offer will depend on an applicants skills and other factors. This role may also be eligible to participate in a discretionary annual incentive program. Chubb offers a comprehensive benefits package more details on which can be foundon our careers website. The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.
Required Experience:
Manager
Key Skills
- Presentation Skills
- Risk Management
- Financial Services
- IFRS
- Banking
- Pricing
- Analysis Skills
- Securities Law
- Investment Banking
- Relationship Management
- Strategic Planning
- Leadership Experience
About Company
Chubb Life has been in Egypt since 2003. Chubb Life is the international life insurance division of Chubb - the world's largest publicly traded property and casualty insurance company by market capitalization.
