VP, Underwriting - US Inland Marine Manager

$178,000 - $266,000/Yr

QBE Insurance Group - Philadelphia, PA

Full-time - Manager

Remote - Philadelphia, PA

10,001+ employees

Insurance Carriers and Related Activities

About the position

The VP, Underwriting - US Inland Marine Manager at QBE North America is a pivotal role responsible for leading profitable underwriting operations for assigned lines of business. This position requires the development and communication of a strategic vision for departmental growth, setting team priorities, and ensuring adherence to quality metrics. The successful candidate will ensure that the department's risk selection aligns with the organization's profitability objectives, thereby contributing to the overall success of the company. In this role, the VP will manage the underwriting team, overseeing both new and renewal business to ensure risk quality and proper insurance to value. A key responsibility will be to drive the standardization of underwriting processes by defining risk assessment parameters, setting quality service standards, and developing self-audit initiatives. The VP will also foster a collaborative approach to business growth by communicating effectively with peers, identifying profit and loss trends, and developing strategic portfolio growth initiatives. This includes informing the team about changing underwriting guidelines to achieve departmental profitability objectives. Continuous improvement is a significant focus, as the VP will review reports on loss ratios, conduct market research, and lead the implementation of innovative underwriting strategies. Building and maintaining internal and external relationships is crucial, as the VP will deliver training and utilize their credibility to inform risk exposure decision-making processes. The role also involves developing sustainable underwriting operations by refining current practices to align with long-term business growth objectives. Additionally, the VP will manage budgeted resources, anticipating expenditures, accurately forecasting resource needs, and ensuring fiscal responsibility. This position is integral to the success of QBE North America, as it combines strategic vision with operational excellence in underwriting.

Responsibilities

• Lead and manage the underwriting team for assigned line(s) of business by overseeing and evaluating new and renewal business to ensure risk quality and proper insurance to value.
• Drive standardization of underwriting by defining risk assessment parameters, setting quality service standards and developing and leading self-audit initiatives to foster consistent and profitable risk selection.
• Foster a collaborative approach to growing the business by communicating with peers, identifying profit and loss trends, developing strategic portfolio growth initiatives and informing team on changing underwriting guidelines to drive achievement of department profitability objectives.
• Capitalize on opportunities for continuous improvement by reviewing reports on loss ratios, conducting research on market trends and best practices and leading the implementation of innovative underwriting strategies to enhance portfolio and ensure organization is competitive in the marketplace.
• Build, foster and maintain internal and external relationships by leading the delivery of training, utilizing individual credibility to inform on risk exposure decision-making processes and leading team to efficiently underwrite prospective business to meet service expectations and enhance organizational reputation.
• Develop sustainable underwriting operations by analyzing, refining and enhancing current practices to ensure future planning aligns with long-range business growth objectives.
• Manage budgeted resources by anticipating expenditures, accurately forecasting resource needs/costs and properly accounting for expenses to meet requirements and achieve fiscal responsibility.

Requirements

• Bachelor's Degree or equivalent combination of education and work experience.
• 10+ years relevant experience.

Nice-to-haves

• Build and capitalize on beneficial internal and external relationships.
• Collaborate at different levels within the organization to accomplish a common goal.
• Understand the potential intended and unintended consequences of a given decision, both small-scale and on the organization as a whole.
• Utilize effective research and investigative techniques.
• Provide vision and think creatively and innovatively; implement strategies to improve efficiency.
• Analyze risks, benefits and opportunities to ensure organizational competitiveness and satisfaction of established long-range objectives.
• Foster and promote collaboration and teamwork.
• Adjust plans, goals, actions or priorities to meet changing situations; guide others through change.
• Prioritize interests of the company and community during decision-making.
• Leverage business and financial expertise.
• Establish a high degree of trust and credibility with others.
• Show empathy and sensitivity to the experience of others; act fairly, ethically and with integrity when decision-making, managing or working with a team and corresponding with customers.
• Inform team about organizational change and integrations through a variety of means.
• Motivational, inspirational and enthusiastic approach to team leading and management.

Benefits

• Competitive salary based on experience and skills.
• Opportunities for professional development and continuous education.
• Flexible work arrangements including remote options for certain locations.
• Comprehensive health insurance coverage.
• 401k retirement savings plan with company matching contributions.
• Paid time off and holidays.
• Employee assistance programs for mental health and wellness.