The AVP, Property will be held responsible for shared accountability for the property and inland marine P&L ensuring results achieve growth and profitability objectives. The individual in this role will work with the Property Leader in efforts within specialty, middle market, construction, small business, inland marine, and other related disciplines to ensure appropriate risks are taken within the portfolio. This role is responsible over technical discipline, which includes providing consultation to staff and business partners, identifying needs for technical training and review of complex risks. The individual in this role will proactively provide technical guidance and educational training opportunities to both property and marine underwriters to ensure disciplined underwriting. The role will have responsibility to identify growth opportunities, emerging risks and profit measures with key partners including actuary, CAT modeling, ceded re, product development, region leadership, business units, segments, risk control and claims.
Responsibilities:
- Assume shared responsibility for P&L for the inland marine line and property lines of business.
- Assist in the strategic initiatives for property and inland marine lines of business.
- Review property and inland marine referrals based on technical complexity, market segmentation strategy, market appetite and collaborating with business leaders, product development, CAT management, claims groups and branch leadership to ensure alignment.
- Responsible for adhering to property catastrophe strategy and aggregation management and execution across all business units and geographies.
- Provide guidance on acceptability on the most complex underwriting risks.
- Provides technical expertise and is a resource to business units, segments, risk control, region managers, underwriting managers, supervisors and underwriters.
- May conduct research for underwriters on specific classes of business, operations, or any other technical subject requiring similar analysis related to property and inland marine.
- Maintains current knowledge of regulatory environment and emerging issues within property and inland marine.
- Collaborates with internal partners to develop and deliver training to drive property and inland marine expertise across the Underwriting and Risk Control organizations.
- Lead collaborative and effective teams as assigned, analyzing and resolving problems, and executing team strategy.
- Develop key analytic insights, leading indicators, and profitability drivers through internal and external research for property and marine lines of business.
- Monitor the mix of business for the property and inland marine portfolios, identifying shifts in the mix, evaluate performance and uncover areas of opportunity for growth through expanded appetite and profit improvement.
- Collaborate with all stakeholders involved in the execution of property and inland marine related deliverables, upholding the highest standards of transparency and proactive communication.
- Proactively research, provide analysis and recommendations for implementation of new property and inland marine appetite ideas.
- Contribute to the evaluation of the competitive landscape to ensure sustainability of the property and inland marine books of business and make recommendations to improve competitiveness.
- Act as a subject matter expert and maintain a thorough knowledge of company Product features and benefits as well as industry trends.
- Develop and maintain strong agency relationships with key customers to ensure positive and profitable outcomes on complex accounts.
- Assist in annual per risk and CAT treaty reinsurance activities.
- Maintain all responsible expenses within budget and proactively seek better and more efficient alternatives.
- Other duties include delivering an effective human capital strategy, prioritizing employee development and providing accountability and resources for employees to achieve organizational goals.
Qualifications:
Education:
- Bachelors degree in a related field required.
- Masters degree preferred.
Certifications/Designations:
- CPCU designation preferred.
- Employees are expected to participate in continuing education throughout their careers.
Experience:
- 10+ years total experience in property/casualty insurance, with a background in property/marine risks.
- 5+ years of management experience preferred.
Working Conditions:
- General office environment
- Up to 20% travel including overnight stays
- Regular work duties may require work outside of business hours.
Knowledge, Skills, and Abilities
- Exhibits exceptional technical skills withing underwriting and risk control. Exhibits above average interpersonal skills & training ability.
- Experience with complex business within middle market and inland marine.
- A visionary, solutions-oriented leader with the ability to identify, analyze and resolve problems, motivate and develop staff, and execute team strategy.
- Excellent oral and written communication skills.
- Strong influencing and decision-making skills.
- Ability to think strategically with supporting analytical and problem-solving skills, including the ability to deal with ambiguity.
- Expert knowledge of first-party lines of business, including Property and Marine coverages, including associated underwriting technical processes and concepts.
- Demonstrated successful ability to organize and prioritize work to ensure timely deadlines.
- Strong interpersonal skills and the ability to effectively build relationships across all levels of the organization.
- Experience influencing and collaborating at the executive level.
- Ability to work effectively with minimal supervision.
Disclaimer:
The above statements are intended to describe the general nature and level of work being performed by individuals assigned to this job. It is not designed to contain or be interpreted as a comprehensive list of all duties, responsibilities, and skills required. Additional tasks and requirements may be assigned, as necessitated by business need. UFG retains the right to modify the description of this job at any time.
Pay Transparency Statement
UFG Insurance is committed fair and equitable compensation practices. The estimated base salary range for this officer-level position is $155,000 - $204,000 annually. Actual compensation will be determined based on a variety of factors, including the scope and responsibilities of the role, individual qualifications and experience, internal equity, and market data.
In addition to base salary, UFG Insurance offers a comprehensive total rewards package that includes:
· Annual incentive compensation
· Medical, dental, vision & life insurance
· Accident, critical illness & short-term disability insurance
· Retirement plans with employer contributions
· Generous time-off program
· Programs designed to support the employee well-being and financial security.
Officer-level employees may also be eligible for additional compensation components, including performance-based incentives, long-term incentive plans, and participation in executive benefit programs.
This pay range disclosure is provided in accordance with applicable state and local pay transparency laws.