1 Vice President of Underwriting | Commercial Line Middle Market Team Job in Naperville, IL
IAT Insurance Group is Hiring a Vice President of Underwriting | Commercial Line Middle Market Team Near Naperville, IL
As a member of the E&S Team, this role works a hybrid schedule from one of IAT's offices within the Eastern or Central time zones. The hybrid schedule reflects our values (thinking and acting like an owner, collaboration, and teamwork) as it requires working from the office with colleagues and other disciplines Monday through Wednesday, with the option of working remotely on Thursday and Friday. Potential IAT Office locations include but are not limited to Newark, NJ; Jersey City, NJ; Norristown, PA; Alpharetta, GA; and Chicago, IL.
Responsibilities:
- Through collaboration with the EVP of the Excess Middle Market (MM), establish the underwriting direction, underwriting appetite, and underwriting authority for the Excess MM businesses to support profitability targets.
- Ensures compliance to underwriting direction, underwriting appetite, and underwriting authority through individual account discussions and underwriting audits.
- Collaborates with Excess MM leadership on the development of business plans, products, and IT support.
- Collaborates with Excess MM leadership to identify training needs and development of a plan to address needs. Coaches, mentors and directs training and development of the underwriting team to ensure underwriting quality and proficiency.
- Supports the development of staff through coaching, leading organizational change, cultivating relationships, putting staff in a position to succeed, and creating a climate where staff are motivated to do their best.
- Partner with support functions such as Product, Actuarial, Claims, Regulatory, Loss Control, and IT to ensure products are compliant, competitive, and profitable.
- Collaborate on the development of pricing models appropriate for various types of commercial lines.
- Coach, mentor, and direct training and development of individual underwriting teams to ensure underwriting and service quality and proficiency.
- Ensure regulatory and legal compliance.
- Identify and capitalize on expense reduction opportunities, through process and technology enhancements.
- Travel as needed.
- Perform other duties as assigned.
Must-Have:
- Requires a Bachelor’s degree with 12 years of relevant or equivalent experience.
- Equivalent experience to a college degree and 12 years is defined as 16 years of relevant underwriting experience.
- Strong Underwriting management experience.
- Expansive knowledge of the breadth of coverages and lines of business housed within the company.
- Knowledge of company underwriting guidelines as well as industry standards and practices.
- High level of risk assessment skills.
- Broad knowledge of financial reporting styles and formats.
- Extensive knowledge of policy development, problem-solving, planning, and market savvy.
- Extensive knowledge of the insurance industry, regulations and compliance requirements, coverages, and policy language. Advanced knowledge of underwriting decisions.
- Ability to lead and manage a team to produce consistent decisions based on effective risk assessment skills. Knowledge of and ability to apply loss development and advanced loss analysis concepts to achieve optimal pricing of risk.
- Ability to creatively utilize coverage features, deductibles, or reinsurance on individual risks to achieve company objectives.
- Strong math aptitude, excellent verbal and written communication, interpersonal, and negotiating skills.
- Must be able to apply sound judgment when making underwriting and leadership decisions.
- Fosters collaborative environment.
- To qualify, all applicants must be authorized to work in the United States and must not require, now or in the future, VISA sponsorship for employment purposes.
- Masters degree.
- Has a current book of business.
- A strategic thinker, a self-starter with strong analytical and problem-solving skills.
At IAT, we’re committed to driving and building an open and supportive culture for all. Our employees propel IAT forward – driving innovation, stable partnerships, and growth. That’s why we continue to build an engaging workplace culture to attract and retain the best talent.
We offer comprehensive benefits like:
- 26 PTO Days (Entry Level) 12 Company Holidays = 38 Paid Days Off
- 7% 401(k) Company Match and additional Profit Sharing
- Hybrid work environment
- Numerous training and development opportunities to assist you in furthering your career
- Healthcare and Wellness Programs
- Opportunity to earn performance-based bonuses
- College Loan Assistance Support Plan
- Educational Assistance Program
- Mentorship Program
- Dress for Your Day Policy
IAT Recruiter:Steve Morley | Senior Recruiter
steve.morley@iatinsurance.com
www.linkedin.com/in/stevemorley916
Job Summary
Full Time
Insurance
$231k-314k (estimate)
06/21/2024
07/17/2024
iatinsurancegroup.com
RALEIGH, NC
500 - 1,000
1991
$50M - $200M
Insurance
Related Companies
About IAT Insurance Group
IAT Insurance Group (IAT) is a specialty insurance company headquartered in Raleigh, North Carolina, providing a wide range of property and casualty insurance products and surety bonds to meet the needs of individuals and businesses. IAT consists of seven operating divisions, each sharing the same quality standards, commitment to service and innovation, and an overall mission of excellence. As an organization, we leverage our experienced leadership, sound analytics, proven operating platforms and extensive risk capabilities across the entire enterprise to deliver specialized, sustainable solut...ions for our customers. With 30+ office locations, IAT has a large footprint throughout the United States. As a privately owned organization, consisting of more than 900 employees, we are able to act strategically within an ever-changing marketplace. We are large enough to make a difference in the industry but small enough to be agile and nimble. Our focus includes meeting customer needs and fostering an exceptional agent and broker network to serve clients. We strive to provide an environment where our employees feel empowered, challenged and valued. Not only does IAT Insurance provide a dynamic workplace, we also provide competitive total compensation packages and great benefits, including but not limited to medical, dental, and vision insurance, a generous time off policy, company provided life and disability insurance, a lucrative 401k company match and incentive plans.
More
Show less
The job skills required for Vice President of Underwriting | Commercial Line Middle Market Team include Underwriting, Pricing, Analysis, Leadership, Collaboration, Innovation, etc. Having related job skills and expertise will give you an advantage when applying to be a Vice President of Underwriting | Commercial Line Middle Market Team. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Vice President of Underwriting | Commercial Line Middle Market Team. Select any job title you are interested in and start to search job requirements.
Similar Jobs
Popular Articles
