Head of Complex Property Underwriting

Company
HSB
Location
Hartford , United States

Provides thought and day-to-day leadership for a complex property underwriting business unit. Creates, maintains, and manages an underwriting service strategy that exceeds expectations for our Retail & Wholesale distribution partners. Provides expertise and mentorship to direct reports in risk selection, acting as a technical resource for complex and/or E&S risks. Effectively coaches & mentors underwriting team on broker communication & soft skills. Analyzes data and reports to monitor and manage underwriting workload. Works cross functionally to ensure that the HSB’s High Service Value Proposition is delivered on both the account & agency level. Ensures that all business is underwritten in accordance with company underwriting policy and procedure.

Leverage own understanding of highly protected property, deep understanding of engineering teams, and underwriting knowledge of common terms and conditions in shared and layered markets as needed to profitably grow the book. Collaborate with cross-functional teams to develop and implement strategies for large complex property accounts including market facing and engaging with retail and wholesale distribution partners. Ensure that all business is underwritten in accordance with company underwriting policy and procedure including developing and maintaining internal quality program. Develop and implement pricing strategies for large complex property risks, taking into account market conditions, risk factors, and business objectives. Collaborate with actuarial and pricing teams to develop and refine pricing models for large complex property risks. Stay up to date with market trends and competitor activity, adjusting pricing and underwriting strategies as needed.

Qualifications

Education and Experience:

• College degree or equivalent combination of educational and work experience is required.
• Completion of advanced insurance designations is desired.
• 5 years of experience in underwriting complex property risks, including quota share and excess agreements is required.
• 2 years of Team Leader, Supervisory or Management experience in a functional role preferred.
• Existing underwriting relationships in large national brokers or wholesalers preferred.
• 8 years of experience in underwriting complex commercial property risks, including experience in pricing and setting terms and conditions
• Proven track record of success in negotiating pricing and terms with brokers and clients
• Understanding of pricing models with the ability to apply to large complex property risks
• Experience working with cross-functional teams, including actuarial, pricing, and underwriting teams

Knowledge and Skills:

• Leadership skills
• Strong communications skills
• Negotiation skills
• Organizational skills
• Strong interpersonal skills
• Change management skills
• Strong customer service/relationship skills
• Knowledge of property exposures and coverage
• Strong technical knowledge of large complex property risks, including quota share and excess agreements
• Excellent analytical and problem-solving skills, with the ability to analyze complex data sets and develop creative solutions
• Strong communication and negotiation skills, with the ability to effectively communicate with brokers, clients, and internal stakeholders
• Ability to work in a fast-paced environment, prioritizing multiple tasks and deadlines

At The Hartford Steam Boiler, a subsidiary of Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.
We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. The work environment characteristics, and any physical and mental requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice