Apply on Employer Site

Berkshire Hathaway GUARD Insurance Companies · 3 weeks ago

Vice President of Commercial Auto

NYC Metro Area

Full-time

Hybrid

Senior Level, Lead/Staff

$150K/yr - $250K/yr

10+ years exp

Berkshire Hathaway GUARD Insurance Companies is a leading provider of Property & Casualty insurance products. The Vice President of Commercial Auto will lead product innovation and drive portfolio performance, managing the development of new insurance products and ensuring compliance with regulatory requirements.

Commercial InsuranceFinancial ServicesInsuranceLife Insurance

Responsibilities

Leads the development of new insurance products, including underwriting guidelines, from concept to launch

Manages existing and new products to ensure production and profitability targets are met

Ownership of rate decision. Drives collaboration with actuarial, distribution and production underwriting to create and enhance rating algorithms

Functions as the ultimate referral underwriter by providing guidance and thought leadership to production underwriting at the single risk level and at the portfolio level

Manages the end-to-end product development lifecycle, ensuring milestones are met on time

Defines and prioritizes insurance product requirements, focusing on customer-centric solutions that align with a service forward USP (Unique Selling Position)

Coordinates cross functional teams, including underwriting, distribution, actuarial, legal and IT to ensure seamless product delivery

Owns competitor intelligence strategy and conducts market intelligence

Provides guidance and thought leadership to Product Managers or Product Specialists to drive portfolio management monitoring and KPI's

Ensure all products comply with regulatory and legal requirements, working closely with the regulatory team

Monitor changes in regulations and market conditions that may impact product offerings, making adjustments as needed

Actively monitor product performance and enhance iteratively. Communication of hypothesis and outcomes are driven by discussion, creation of content and presentation materials

Analyze agent feedback, competitive landscape, and market trends to iteratively improve existing products and identify new product opportunities

Collaborate with training and marketing to develop communication, training, and marketing materials in support of new or enhanced products and initiatives. May require delivery of training materials or content

Outline post implementation monitoring and measurement mechanisms for line of business specific strategies in support of outlined success criteria. Collaborate with Data and Analytics unit to analyze and refine results

Qualification

Commercial Auto InsuranceData-driven decision-makingProduct developmentRegulatory complianceMS OfficePowerBIPlanningOrganizingCommunication skills

Required

Minimum of 10+ years of Auto product experience (personal lines or commercial lines); production underwriting experience preferred but not required

Must exhibit expertise in industry trends, state regulations, and compliance processes

Promotes and exemplifies a culture of data driven decision-making, collaboration, including stakeholders at various levels and in various departments

Provide guidance through example. There is expectation that in addition to ownership and guidance, work product will be delivered through this role for all owned aspects

Excellent verbal and written communication skills, along with interpersonal and influencing skills

Self-directed and self-motivated with demonstrated strength in planning, organizing, and driving seamless product delivery

Proficient with MS Office; Proficient with reporting tools like PowerBI