Senior Portfolio Underwriter - Remote Location or Hartford CT Office

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. It involves acting as a catalyst in the introduction of new products and managing the performance of existing client companies.

As a thought leader for clients, the Senior Portfolio Underwriter devises innovative solutions by tapping into HSB’s comprehensive resources, encompassing data, products, and services. The role demands tactical deployment of HSB’s capabilities to maximize and enhance client partnerships. In collaboration with Product Managers and the Underwriting Lead, the Senior Portfolio Underwriter utilizes creative data analysis methods, such as diagnostic and predictive analytics, to gain a deep understanding and optimization of product performance. These analytical techniques are essential for developing targeted strategies for corrective actions, ensuring rate adequacy, precise price segmentation, and identifying emerging loss trends.

This responsibility includes a thorough examination of claims, engineering reports, expenses, exposure data/profile shifts, pure premium trends, and third-party exposure data. The Senior Portfolio Underwriter is also responsible for crafting and delivering compelling client presentations externally to effectively communicate financial results, data analyses, rate assessments, and evolving loss trends, positioning the Senior Portfolio Underwriter as the technical authority for both clients and the Client Integration Team.

With underwriting binding authority, the Senior Portfolio Underwriter independently makes crucial underwriting decisions that directly influence the financial outcomes of their assigned portfolio, thereby impacting the company’s P&L.

Responsibilities

• Manage, monitor, expand, and optimize portfolio products for HSB’s largest and most critical client relationships.
• Act as a catalyst for introducing new products and managing existing client companies to achieve profit and growth objectives.
• Devise innovative solutions using HSB’s data, products, and services to enhance client partnerships.
• Collaborate with Product Managers and the Underwriting Lead to perform diagnostic and predictive analytics for product performance optimization.
• Develop targeted strategies for corrective actions, rate adequacy, price segmentation, and identifying emerging loss trends.
• Examine claims, engineering reports, expenses, exposure data/profile shifts, pure premium trends, and third-party exposure data.
• Create and deliver compelling client presentations on financial results, data analyses, rate assessments, and loss trends.
• Serve as the technical authority for clients and the Client Integration Team.
• Make independent underwriting decisions with binding authority that impact the company’s P&L.

Requirements

• Bachelor’s degree or equivalent work experience.
• 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, and 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 with HSB is desired.

Skills

• Financial statement (Business Finance) knowledge and analysis.
• General insurance/reinsurance industry knowledge.
• Strong 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.
• Proficiency in PC skills (Excel, PowerPoint, Power BI, and Word).
• Detail-oriented with strong analytical, actuarial, and statistical analysis skills.
• Action-oriented with innovation and persuasion skills to influence change.
• Naturally curious and inquisitive to identify issues and solve problems.
• Resourceful in researching issues, assembling support, and recommending creative solutions to underwriting issues.