Senior Portfolio Underwriter
About the role
The Senior Portfolio Underwriter at HSB holds the paramount responsibility for managing, monitoring, expanding, and optimizing the portfolio products for the company’s largest and most critical client company relationships. This role is central to achieving profit and growth objectives and is a cornerstone of HSB's strategic initiative to foster business growth.
Responsibilities
- Act as a catalyst in the introduction of new products and managing the performance of existing client companies.
- Devise innovative solutions by tapping into HSB’s comprehensive resources, encompassing data, products, and services.
- Tactical deployment of HSB’s capabilities to maximize and enhance client partnerships.
- Utilize creative data analysis methods, such as diagnostic and predictive analytics, to gain a deep understanding and optimization of product performance.
- Develop targeted strategies for corrective actions, ensuring rate adequacy, precise price segmentation, and identifying emerging loss trends.
- Thoroughly examine claims, engineering reports, expenses, exposure data/profile shifts, pure premium trends, and third-party exposure data.
- Craft and deliver compelling client presentations externally, communicating financial results, data analyses, rate assessments, and evolving loss trends.
- Independently make crucial underwriting decisions that directly influence the financial outcomes of their assigned portfolio, thereby impacting the company’s P&L.
Requirements
- Bachelors or equivalent work experience is required
- 7+ years of P&C insurance/reinsurance experience
- 5+ years in Underwriting preferred
- Demonstrated understanding of commercial and personal lines insurance and reinsurance coverage, concepts, principles, exposures and processes to drive profitable results
- Demonstrated ability to translate large data analysis into actionable decisions
- Demonstrated understanding of rate development (pure premium), price segmentation & detecting leading loss trends
- Past experience with responsibility for achieving profit and growth targets for a book of business
- Demonstrated experience with negotiation and conflict resolution
- Exhibited ability to develop creative and unique solutions
- HSB Product knowledge and Previous Experience and familiarity with HSB is desired
Qualifications
- Education and Experience: Bachelors or equivalent work experience is required
- 7+ years of P&C insurance/reinsurance experience
- 5+ years in Underwriting preferred
- Demonstrated understanding of commercial and personal lines insurance and reinsurance coverage, concepts, principles, exposures and processes to drive profitable results
- Demonstrated ability to translate large data analysis into actionable decisions
- Demonstrated understanding of rate development (pure premium), price segmentation & detecting leading loss trends
- Past experience with responsibility for achieving profit and growth targets for a book of business
- Demonstrated experience with negotiation and conflict resolution
- Exhibited ability to develop creative and unique solutions
- HSB Product knowledge and Previous Experience and familiarity with HSB is desired
Skills
- Financial Statement (Business Finance) knowledge and analysis
- General insurance/reinsurance industry knowledge
- Presentation Skills
- Strong interpersonal, written and verbal communication skills
- Portfolio analysis
- HSB Product knowledge
- Organization and time management skills
- Consultative and Strategic negotiation skills
- Strong project management skills to manage multiple concurrent projects and issues
- PC skills (Excel, PowerPoint, Power BI, and Word)
- Detail Oriented
- Action oriented with strong analytical, Actuarial skills, Statistical analysis, innovation and persuasion skills to influence change
- Naturally curious and inquisitive to identify issues and solve problems
- Resourceful in order to research issues, assemble support, and recommend creative solutions to underwriting issues
Benefits
At The Hartford Steam Boiler, a subsidiary of Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services. We are an equal opportunity employer.
Pay
Details about pay are not specified in the job posting.
Schedule
Details about schedule are not specified in the job posting.