What are the responsibilities and job description for the Head of Workers Compensation position at Berkshire Hathaway GUARD Insurance Companies?
Overview
Berkshire Hathaway GUARD Insurance Companies provide Property & Casualty insurance products and services through a nationwide network of independent agents/brokers. Our companies are all rated A “Superior” by AM Best (the leading independent insurance rating organization) and ultimately owned by Warren Buffett’s Berkshire Hathaway group – one of the financially strongest organizations in the world! Headquartered in Wilkes-Barre, PA, we employ over 1,000 individuals (and growing) and have offices across the country. Our vision is to be the leading small business insurance provider nationwide.
Founded upon an exceptional culture and led by a collaborative and inclusive management team, our company’s success is grounded in our core values: accountability, service, integrity, empowerment, and diversity. We are always in search of talented individuals to join our team and embark on an exciting career path!
BENEFITS
We are an equal opportunity employer that strives to maintain a work environment that is welcoming and enriching for all. You’ll be surprised by all we have to offer!
- Competitive compensation
- Healthcare benefits package that begins on first day of employment
- 401K retirement plan with company match and profit sharing
- Generous paid vacation and sick time
- Hybrid work schedule (three days in the office, two days from home)
- Work/life balance schedule – no nights or weekends/closed for all major holidays
- Longevity awards (every 5 years of employment receive a generous monetary award to be used toward a vacation)
- Tuition reimbursement after six months of employment
- Numerous opportunities for continued training and career advancement
- And much more!
Responsibilities
BH GUARD currently offers an excellent opportunity for an experienced Head of Workers Compensation over Small Commercial package to guide our next stage of growth at Berkshire Hathaway Guard Insurance Companies.
The position can be located in either Wilkes-Barre, PA, New York, NY, Philadelphia, PA,Parsippany, NJ or Atlanta, GA.
- Track record of managing Workers’ Compensation P&L in excess of $250m GWP/year.
- Ability to articulate and lead the creation of a class fit approach tailored to small business.
- Ability to articulate and the lead the creation of a state strategy framework.
- Articulates and is knowledgeable of industry trends and emerging exposures.
- Responsible for relationship with NCCI.
- Leads the development and enhancement of guidelines and product strategies, including design, development, implementation of system and process solutions.
- Provides guidance and thought leadership to underwriting at the single risk level and at the portfolio level; experience taking referrals.
- Provides guidance and thought leadership to Product Managers or Product Specialists to drive portfolio management monitoring and KPI's.
- Ownership of rate decision for line of business. Owns and drives collaboration with actuarial on rating algorithm best practices and enhancements.
- Own competitor intelligence strategy
- Understand how to leverage loss control capabilities as a competitive advantage.
- Provide guidance through example. There is expectation that in addition to ownership and guidance, work product will be delivered through this role for all owned aspects.
- Collaborate with training and marketing to develop communication, training, and marketing materials in support of new or enhanced products and initiatives. May require delivery of training materials or content.
- Outline post implementation monitoring and measurement mechanisms for Workers Compensation specific strategies in support of outlined success criteria. Collaborate with Data and Analytics team to analyze and refine results.
Qualifications
- Bachelor's degree preferred with concentration in Risk Management, Business, Economics, Finance, Math, Statistics or Actuarial Sciences
- 10 years of Commercial Product or Underwriting experience.
- Must exhibit expertise in industry trends, state regulations, and compliance processes.
- Must promote and exemplify data driven decision-making.
- Promotes and exemplifies a culture of collaboration, including stakeholders at various levels and in various departments.
Salary Range
$165,000-$300,000.00 USD with performance based bonus potential
The successful candidate is expected to work in one of our offices 3 days per week and also be available for travel as required.
The annual base salary range posted represents a broad range of salaries around the U.S. and is subject to many factors including but not limited to credentials, education, experience, geographic location, job responsibilities, performance, skills and/or training.
Salary : $250
