What are the responsibilities and job description for the VP Insurance Operations position at Pearl Insurance, a division of One80 Intermediaries?
The VP of Insurance Operations will provide operational leadership for the Pearl NY office, ensuring high customer satisfaction and operational efficiency. Responsible for managing company resources, including physical office space, and adherence to regulatory and compliance requirements. Serves as lead client administrative contact, continuously reinforcing the value proposition of our business partnership and translating our service functions into demonstrable reasons for contract renewal
Your Impact :
- Significantly contributes to the development and implementation of strategies to improve operational effectiveness, promote staff development, and achieve profitability targets.
- Accountable for business unit structure, budget and results relating to Life & Health claims adjudication, Personal Lines service and premium billing.
- Serves as a primary liaison with insurance carrier and client contacts regarding policy administration, reporting and audit activities. Cultivates positive, supportive relationships to reinforce a strong partnership commitment.
- Works with direct reports to establish and monitor business unit KPIs in support of achieving or exceeding client service expectations.
- Collaborates with SVP Sales, Marketing, and insurance carrier contacts to identify new products, services, and concepts for presentation to client contacts. Leverages client contacts to get desired positioning or revenue-generating decisions made. Participates in annual and other periodic meetings with client and carriers to review plan experience, financial results, and performance metrics. Discusses the need for plan changes, additions and / or rate action
- Works collaboratively with Accounting staff to resolve premium billing issues, provide resolution for escalated problems, service errors or anomalies.
- Reviews financial statements and other performance data to measure productivity and goal achievement and to determine areas needing cost reduction and program improvement.
- Maintains a working knowledge of customer service “best practice” models, client contract provisions and business requirements, applicable state and federal regulations and other industry standards / updates.
- Keeps abreast of current industry trends through attendance at industry / client conferences, Internet research, competitor analysis and review of industry-related publications.
Supervisory Responsibilities
Successful Candidates Will Have :
At One80 Intermediaries, base pay is one part of our total compensation package, which also includes a comprehensive suite of benefits, including medical, dental, vision, disability, life, and retirement savings, and 10 days of paid time off and 11 paid holidays for eligible employees. The total compensation for a position may also include other elements dependent on the position offered. The expected annual pay range for this position is $109,400 to $120,000 plus discretionary bonus. The actual base pay offered may vary depending on multiple individualized factors, including geographical location, education, job-related knowledge, skills, and experience.
One80 Intermediaries is a privately held firm with offices throughout the US and Canada. As a leading insurance wholesaler and program manager, One80 offers placement services and binding authority for property and casualty, life, travel / accident and health, affinity and administrative services, and warranty business. Launched just four years ago, One80 Intermediaries has grown to be one of the largest intermediaries in the United States. In 2024, we were ranked 14th largest broker in the U.S. by Business Insurance.
Salary : $109,400 - $120,000