What are the responsibilities and job description for the Client Underwriting Manager position at Securian Financial Group?
Job Title: Client Underwriting Manager
Affinity Solutions has aggressive growth and margin expansion goals, and this position will play a key role in both these goals. The position will lead the Affinity Solutions Client Underwriting team in providing financial quotes for all lines of business within Affinity, including Credit Protection, Direct Response, Specialty P/C and Securian Specialty Lines for affinity groups, including financial institutions, associations, and distributors.
Responsibilities:
- Evaluation of risk and financial returns is critical to Affinity's success across its varied lines of business and will require working collaboratively with other teams within Affinity to ensure underwriting decisions align with Affinity's risk tolerance and ROE/margin targets while also growing the business. This can include the assessment of financial condition of clients, distributors, and reinsurers.
- Accountable for overall CFEM (profitability measure) targets. Identify trends and recommend and implement case management actions.
- The Client Underwriting Manager ensures that all quotes and financial arrangements comply with legal and regulatory standards while also striving to appropriately balance sales and earnings targets.
- Complete quotes and financial proposals (new and renewal) in accordance with pricing/underwriting guidelines and service standards.
- Complete regular performance reviews and feedback, fostering a collaborative and productive work environment and bringing forward professional development opportunities for the team.
- Oversee the preparation and accuracy of non-reinsurance contingent compensation calculations and accruals.
- Oversee the preparation and accuracy of timely financial reporting to state insurance departments of our insurance lines of business (CIEEs, deviation filings, illustrative reporting requirements (routine and on demand)).
- Oversee and participate in quarterly business reviews with clients and distributors.
- Participate as needed in the client proposal delivery, including traveling to large finalist presentations.
Qualifications/Skills:
- Demonstrated track record of proactive, responsive service to external constituents in a fast-paced, deadline-oriented field.
- Strong risk assessment and evaluation.
- Excellent leadership skills to effectively lead a team of professionals.
- Demonstrated ability to implement underwriting guidelines.
- Excellent communication and client/stakeholder service delivery.
- Demonstrated case profitability management.
- Knowledge of reinsurance and contingent compensation scenarios.