ReAlign Insurance Holdings, Inc. · 23 hours ago
Director Program Manager
Texas, United States
Full-time
Onsite
Senior Level, Lead/Staff
10+ years expReAlign Insurance Holdings, Inc. is a dynamic program carrier in the property and casualty insurance space, seeking a Director Program Manager to shape the future of their risk and exposure management team. The role involves monitoring compliance with pricing and underwriting guidelines, overseeing program administrators, and engaging in operational and financial decision-making to drive company growth.
Insurance
Responsibilities
Prices and binds insurance within underwriting authority
Reviews all required information on an account including but not limited to the application, the proposed pricing of the risk, loss control, and financial condition of the risk. Line specific information such as the WC experience modification rating worksheet, individual motor vehicle records, property insurance to value calculations, evaluation of the currently valued historical loss information, and web-based information available to assist the underwriter in evaluating and pricing the account
Provides prompt service regarding all servicing aspects of the program book of business including timely response to submissions, clear communication when an account does not meet the underwriting parameters established for the specific program book
Monitor monthly production, claim reports, hi-lighting positive as well as negative trends on a monthly basis in terms of production and profitability
Evaluate the loss potential due to catastrophe, severity, and/or frequency
Utilize facultative reinsurance, knowledgeable of placement process and evaluate competitiveness of reinsurance quotes
Performs other duties as assigned
Qualification
Required
Bachelor's degree from four-year college or university in business or one to three years' related experience and/or training; or equivalent combination of education and experience
Minimally 10 years in commercial lines insurance industry; must have program underwriter experience; extensive work experience with various types of ART (Alternative Risk Transfer) programs required
Knowledge of loss responsive rating plans including but not limited to the expense components, collateral requirements with respect to GAAP Schedule F and program aggregate attachments
Ability to read and understand actuarial reports prepared to support program business. Ability to work with loss triangles, loss development (paid vs. reserved) and IBNR in evaluating the proposed program structure
Knowledge of product development including drafting manuscript coverage forms unique to the specific program and the ability to facilitate product development with specific program state filings
Ability to create a program proposal, including the letter of intent, binder terms and conditions and pricing components of the program
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form
Competent in Internet software; Spreadsheet software and Word Processing software
Competent communication, interpersonal, and organizational skills; ability to multi-task
Some travel required
Preferred
CPCU or IIA designation preferred
Benefits
Medical
Dental
Vision
Company paid short and long-term disability
Life insurance
Health spending account
401(k)
Unlimited PTO
Paid holidays
Tuition reimbursement
Referral bonuses
Company
ReAlign Insurance Holdings, Inc.
ReAlign Insurance Holdings, Inc.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Jay Carleton
SVP Chief Claims Officer
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