Captive Resources, LLC · 1 day ago
AVP, Underwriting Manager
Itasca, Illinois, United States
Full-time
Onsite
Senior Level, Lead/Staff
8+ years expCaptive Resources, LLC is seeking an Assistant Vice President (AVP) Underwriting Manager for Medical Stop Loss Insurance to lead an underwriting team and manage the underwriting process for assigned captive programs. The role involves developing strategies, overseeing new and renewal business, and collaborating with various teams to achieve business goals while maintaining profitability and controlling risk.
Property & Casualty InsuranceInsurance
Responsibilities
Lead, manage, and mentor the underwriting team responsible for assigned captive program(s), ensuring they follow best practices, underwriting guidelines and consistently meet business goals
Adherence to underwriting strategies that align with overall business objectives, balancing profitable growth and risk
Review, approve, and document underwriting referrals for complex or large cases, ensuring appropriate risk assessment and pricing
Supervise and support a team of underwriters, ensuring optimal performance, high morale, and professional development
Lead training and development opportunities to ensure the underwriting team is equipped with the necessary skills and knowledge of market trends and medical stop loss risk
Foster a collaborative environment and encourage knowledge sharing among team members to improve underwriting consistency and decision-making
Oversee the underwriting of new business, renewals, and amendments to ensure appropriate pricing and risk management strategies are applied
Work closely with underwriting and carrier leadership to ensure pricing strategies align with risk profiles and business goals
Evaluate claims experience, trends, and other data to make informed decisions regarding coverage terms, limits, and pricing adjustments
Ensure that each policy is underwritten with consideration for the company's risk appetite, underwriting guidelines, delegated authority and financial objectives
Continuously evaluate and refine underwriting processes to improve efficiency and accuracy while reducing cycle times
Identify opportunities to automate or streamline underwriting operations through the adoption of technology or improved workflows
Implement best practices and maintain a high level of quality control to ensure consistency and accuracy in underwriting decisions
Collaborate with internal teams, including actuarial, sales, and product management, to align underwriting efforts with company objectives and market conditions
Engage with brokers, consultants, and clients to address underwriting-related inquiries, negotiate terms, and build strong relationships
Communicate underwriting decisions, strategies, and any changes in policies to key stakeholders in a clear and concise manner
Monitor and analyze underwriting performance, including loss ratios, profitability, and claims trends, and report findings to senior leadership
Use performance data to make recommendations for improvements in pricing, risk management, or underwriting guidelines
Regularly assess the effectiveness of underwriting practices and make adjustments to meet business goals and market changes
Strong leadership, team management, and interpersonal skills, with the ability to motivate and guide a team
Excellent analytical and decision-making skills, with the ability to assess complex risk factors and pricing strategies
Ability to communicate complex underwriting concepts clearly to both technical and non-technical stakeholders
Proficient in Connexure ESL Office and MS Office (Excel, Word, PowerPoint)
Strong understanding of regulatory compliance requirements in the medical stop loss and health insurance sectors
Detail-oriented with strong organizational and time management skills
Ability to work in a fast-paced environment and adapt to changing market conditions
Qualification
Required
Bachelor's Degree in Business, Insurance, Finance, or other related discipline
At least eight (8) years of experience in underwriting
3 years in a leadership/management role within medical stop loss or health insurance industry
Strong leadership, team management, and interpersonal skills
Excellent analytical and decision-making skills
Ability to communicate complex underwriting concepts clearly to both technical and non-technical stakeholders
Proficient in Connexure ESL Office and MS Office (Excel, Word, PowerPoint)
Strong understanding of regulatory compliance requirements in the medical stop loss and health insurance sectors
Detail-oriented with strong organizational and time management skills
Ability to work in a fast-paced environment and adapt to changing market conditions
Company
Captive Resources, LLC
For four decades, Captive Resources has provided mid-market companies the ability to become insurance company owners rather than insurance buyers and to lower their total cost of risk.
201-500 employees
Funding
Current Stage
Growth StageTotal Funding
unknown2012-01-01Private Equity
Leadership Team
Nick J. Hentges
Chief Executive Officer
Recent News
2024-05-21
Company data provided by crunchbase