What are the responsibilities and job description for the VP, Financial Lines - US position at Relm Insurance?
WHO WE ARE LOOKING FOR
As the VP- Financial Lines, you will play a critical role in leading our Financial Lines underwriting team. You will be responsible for evaluating and underwriting complex risks within the financial sector, including Directors and Officers (D&O) liability, Professional Liability (E&O), Cyber Liability, and Employment Practices Liability (EPL). Your strategic insight, underwriting expertise, and leadership skills will drive profitable growth and ensure the delivery of exceptional service to our clients.
WHAT YOU WILL DO
- Evaluate and underwrite complex risks within the financial sector, including D&O liability, E&O liability, Cyber Liability, and EPL.
- Conduct thorough risk assessments and analysis to determine appropriate coverage and pricing strategies.
- Review and analyze underwriting data, market trends, and industry developments to identify emerging risks and opportunities.
- Build and maintain strong relationships with clients, brokers, and industry partners.
- Collaborate with the sales and marketing teams to develop and execute effective client engagement strategies.
- Provide expert advice and solutions to clients, addressing their unique insurance needs and requirements.
- Manage and optimize the Financial Lines underwriting portfolio, ensuring a balanced and profitable book of business.
- Monitor portfolio performance and trends, making recommendations for portfolio adjustments as needed.
- Implement risk mitigation strategies and loss prevention measures to minimize exposure and maximize profitability.
The annual salary for this role is structured within a range of USD$250,000 to USD$280,000, depending on experience and qualifications.
- Bachelor's degree in Business, Finance, Risk Management, or related field; Master's degree preferred.
- Minimum of 5 years of experience in underwriting leadership roles within the insurance industry, with a focus on Financial Lines.
- Extensive knowledge of Financial Lines products and coverages, including D&O liability, E&O liability, Cyber Liability, and EPL.
- Strong analytical skills and ability to evaluate complex risks and underwriting data effectively.
- Excellent leadership, communication, and interpersonal skills.
- Professional designations such as CPCU, RPLU, or ARM preferred.
Salary : $250,000 - $280,000
