Frankenmuth Insurance · 3 hours ago
Corporate Underwriter- Property
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Responsibilities
In collaboration with Underwriting (equivalent Chief Underwriting Officer) leadership, develop underwriting approach for the assigned line of business by:
Establishing authorities and setting the decision rights by underwriting level
Engaging in the most complex underwriting risks for acceptability and appropriate pricing
Developing underwriting guidelines, risk selection criteria through hazard grades, class appetite, and appetite guides
Developing business rules promulgated in documents or through system implementation
In cooperation with underwriting leadership, develop commercial lines underwriting standards and best practices by:
Developing the underwriting policy including risk acceptability and appetite for the LOB
Researching, developing, and implementing underwriting tools, policies, procedures, and processes to promote consistency
Defining technical standards, controls, and processes
Evaluating staff to identify skill gaps relative to underwriting best practices and provides performance improvement consulting and support
Monitoring the performance of the underwriting function and makes recommendations for continuous improvement including being engaged in finding issues and developing recommendations regarding regional and line profitability with deeper dives on loss analysis to look for patterns.
Developing and leading the large loss insight process and training outcomes.
Acting as a subject matter expert, providing underwriting expertise to business units
Keeping current on state/territory issues and trends
Supporting the regions in achieving an underwriting profit
Develops and executes effective underwriting internal quality control processes and procedures to ensure a consistent work product by:
Designing and leading the underwriting quality review process to identify:
Issues that need to be addressed,
Additional training that needs to occur, or
Additional guidelines that need to be developed
Auditing accounts to ensure consistent approach with authorities, underwriting strategy, pricing, standards, and procedures
Developing and implementing new business process reviews to ensure consistency in underwriting
Developing and implementing premium leakage measures for quality reviews
Developing and delivering training and tools to commercial lines underwriting staff
Providing effective coaching and fostering knowledge and learning based on market conditions
Consulting resource for referrals, coaching, sounding board, and collaboration
Serves as Business Lead and/or resource on corporate projects representing the underwriting function
Performs other duties as assigned
Qualification
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Required
Master’s degree (M.A.) or equivalent; or six to ten years related experience and/or training; or equivalent combination of education and experience.
Ability to work legally in the United States. No visa sponsorship/support is available for this position, including for any type of U.S. permanent residency (green card) process.
Preferred
AINS
AU
CPCU
ARM
Company
Frankenmuth Insurance
Frankenmuth Insurance offers customized coverage for business, home, auto and life insurance.
Funding
Current Stage
Late StageLeadership Team
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