AVP, Operations
Starr · New York, NY · 5 days ago
Management$200k–$225k/yrFull-time
Key Responsibilities
- Oversee operational workflows and resource allocation for Casualty and underwriter teams.
- Develop, implement, and maintain standard operating procedures (SOPs), ensuring adherence to regulatory and company standards.
- Monitor and analyze operational KPIs, loss ratios, submission throughput, quote turnaround times, clearance accuracy, and policy issuance efficiency.
- Partner with underwriters to identify and resolve process bottlenecks impacting service levels, profitability, or compliance.
- Drive system and process improvement projects (including automation and digital transformation), collaborating with IT and vendor partners.
- Establish and manage quality assurance practices across documentation, data capture, and transactional accuracy.
- Support the onboarding, training, and development of operational staff aligned with best practices and underwriting needs.
- Liaise with finance around premium processing, billing, and reconciliations to eliminate discrepancies and enhance reporting accuracy.
- Ensure all operations align with legal, regulatory, and internal audit requirements, implementing remediation plans when necessary.
- Foster a culture of continuous improvement, teamwork, and operational excellence.
- Provide timely, actionable reporting and analysis to underwriting leadership and executive management.
Soft Skills
- Excellent leadership and people management capabilities.
- Strong communication and interpersonal skills; able to collaborate and negotiate across stakeholder groups.
- Problem-solving orientation with the ability to anticipate issues and propose effective solutions.
- Change management and adaptability to fast-paced, dynamic environments.
- High degree of emotional intelligence and conflict resolution skills.
- Strategic thinking and ability to balance short-term needs with long-term goals.
Technical Skills
- Advanced proficiency in insurance core systems (policy administration, rating, document management).
- Strong Excel and data visualization skills; familiarity with BI/reporting tools (e.g., Tableau, Power BI).
- Familiarity with workflow/process automation and digital tools.
- Familiarity with regulatory requirements for Casualty and Specialty Lines (including claims and compliance systems).
- Understanding of operational risk frameworks and controls.
- Experience with project management platforms and methodologies (e.g., Agile, Lean Six Sigma preferred).
Analytical & Expertise Requirements
- 5+ years’ experience in insurance operations supporting underwriter profit centers, ideally within Casualty or Specialty Lines.
- Sound knowledge of P&C insurance products, underwriting processes, and service delivery requirements.
- Strong analytical abilities, including root-cause analysis, process mapping, and reporting.
- Demonstrated experience in operational process optimization and performance management.
- Ability to interpret and act on quantitative/qualitative data (e.g., workflow rates, error trends, service levels).
Performance Objectives
- Operational Efficiency: Achieve a minimum 10% year-over-year improvement in process cycle times (e.g., submissions to bind, policy issuance).
- Quality Assurance: Maintain an accuracy rate of >98% in policy documentation and transaction processing.
- Stakeholder Satisfaction: Realize at least a 15% increase in underwriter and customer satisfaction scores through enhanced support and communication.
- Financial Impact: Contribute to profit center goals by reducing operational costs by 8% via automation and process improvements.
- Compliance: Achieve full compliance with all audit and regulatory requirements, with corrective actions completed within agreed deadlines.
- Staff Development: Ensure all direct reports complete role-specific training and deliver at least one process improvement initiative per year.