Senior Production Underwriter

About the role

The Senior Production Underwriter is directly responsible for establishing and leading company growth and profitability objectives for the Risk Management Operations (RMO) Lender Placed Insurance Programs, services and manufactured products while ensuring compliance with regulatory requirements.

Responsibilities

• Establishes key elements of the tactical and operational RMO product performance plans and initiatives.
• Utilizes advanced insurance product & services industry knowledge, experience and skill set to execute a product performance evaluation process on more complex cases when an unprofitable loss ratio trend is detected.
• Evaluates the appropriate course of action for policy changes, tracking system changes, risk management operations issues and claims processing issues.
• Recommends and directs corrective performance changes.
• Leverages advanced product and operations knowledge to collect data from various internal sources including databases, spreadsheets, other relevant platforms, and external industry data sources.
• Analyzes difficult and complex data sets using advanced statistical model techniques and data analysis methods.
• Identifies complicated trends and patterns within the data and creates predictive projections to drive improved results and product profitability.
• Leads strategic initiatives involving the implementation of product and service performance improvements that drive operational efficiency, minimize cost, reduce claims, and maximize revenue production.
• Proactively manages and leads the product performance profitability process and regional profitability with the field leadership and RMO leadership.
• Determines when the risk requires escalation to the Manager.
• Evaluates and makes recommendations to CPFM department leadership, within SLA standards which determine whether to accept, modify, or decline new or renewal business which deliver positive impact toward achieving profitability metrics and targets.
• Analyzes coverage and insurance limit requests and recommends offer terms and product structure.
• Directs the decision process of when the product pricing or risk requires escalation to the CPFM department leadership.
• Identifies Unitrac insurance tacking system and iVos claims system errors or setup issues and communicates these to the appropriate RMO resources.
• Participates in activities needed to promote profitable growth of the company.
• Supports execution of Company Key Plan & Strategy Initiatives and CPFM department goals.
• Communicates and collaborates extensively within CPFM, frequently with other RMO teams and externally with Allied Solutions carriers, partners or clients.
• Maintains understanding of third-party insurance carrier requirements and CFPB, NCUA, & State Regulations.
• Maintains accurate records of underwriting decisions, correspondence, and other relevant documentation in accordance with regulatory requirements and company policies.
• Maintains an understanding of CFPB, NCUA & State Regulations.
• Updates underwriting guidelines, process documentation and identifies Unitrac insurance tacking system and iVos claims system errors or setup issues.
• Maintains required continued professional education certification.

Qualifications

• Bachelor’s degree required in the field of study: Accounting, Finance, Risk Management or Business.
• 8-10 Years Of Work-related Experience Required.
• Property and Casualty License Required.
• Requires broad knowledge of the technical and operational practices within the insurance underwriting field.
• Requires above average proficiency in the use of computer (Word Excel, PowerPoint, and Power BI) for compiling reports, statistical data, composing memoranda and other similar documents.
• Previous experience leading people or a team is preferred.

Skills

• Advanced subject matter expertise and product knowledge.
• Collaborative within Allied and with our business partners.
• Subject Matter Expertise to facilitate operational efficiencies.
• Influence others outside of CPFM on policies, practices, and procedures.
• Facilitates the documentation and organization of production underwriting documents.
• Trains and mentors Production Underwriting staff.

Benefits

• Medical, dental, vision, life and disability and 401k benefits.