Head of Primary Casualty Underwriting
MSIG USA · Warren, NJ · 2 wk ago
FinanceFull-time
Responsibilities
- Define and execute the underwriting strategy for Primary Casualty business.
- Oversee the multinational reverse flow casualty business, ensuring local compliance, and coordinated global servicing.
- Lead the launch and operational development of a retail direct underwriting channel, including digital distribution, pricing and positioning for SME and Mid-market segments.
- Drive profitable growth while maintaining a balanced risk appetite and portfolio.
- Monitor market trends and competitor activities to inform pricing, terms, and product development.
- Collaborate with global underwriting and operations teams to service reverse flow programs.
- Partner with Distribution, Actuarial, Claims, and Reinsurance to enhance underwriting performance.
- Establish and enforce underwriting guidelines, authority limits, pricing models, and risk appetite frameworks.
- Lead complex underwriting decisions, especially for large or unique risks.
- Analyze loss ratios, pricing adequacy, and portfolio mix to ensure portfolio discipline.
- Ensure adherence to regulatory requirements, internal controls, and audit standards.
- Lead, mentor, and manage a team of underwriters and underwriting managers across the region.
- Promote a culture of accountability, technical excellence, and collaboration.
- Develop talent pipeline through training, coaching, and succession planning.
- Identify gaps and opportunities in current offerings and lead new product development.
- Collaborate with actuarial and legal teams to structure innovative solutions tailored to client needs.
- Leverage analytics and emerging technologies to refine underwriting practices and pricing.
Requirements
- Bachelor's degree in Risk Management, Business, or related field.
- Minimum 10–15 years of experience in casualty underwriting, including 5+ years in a senior leadership role.
- Strong exposure to Workers’ Compensation and multinational program structures.
- Strong knowledge of primary casualty lines, risk selection, claims trends, and regulatory environments.
Skills & Competencies
- Proven leadership in underwriting strategy and team management.
- Strong analytical skills, actuarial understanding, and portfolio management.
- Effective communicator with excellent negotiation and stakeholder engagement skills.
- Ability to drive innovation, change, and digital transformation in underwriting.
- Familiarity with underwriting platforms, analytics tools, and pricing models.
Benefits
- Competitive Compensation Package including a base salary range of $300,000.00 - 350,000.00, commensurate with experience.
- Healthcare and Retirement Benefits: Comprehensive medical, dental, and vision coverage, 401(k) with a generous employer match and profit-sharing contribution, wellness incentive program, life and AD&D insurance, flexible spending programs, short-term and long-term disability plans.
- Additional Benefit Programs: Paid time off program, paid charitable leave, paid parental leave, tuition reimbursement program, personal insurance discounts.