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Vice President, Professional Lines Product Line Leader

Glen Allen, VA, USA | W. R. Berkley Corporation

  • Industry:
    Insurance - General
  • Position Type:
  • Functions:
    Financial Services Professional
    Strategy
  • Experience:
Job Description:
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The VP, Professional Lines Product Line Leader (PL PLL) is responsible for the underwriting function of the business unit.The Product Line Leader maintains overall responsibility for underwriting, including revenue growth, profitability and competitiveness.The PL PLL sets guidelines and controls, program parameters, and eligibility requirements for the business unit.They oversee business development programs to ensure they are consistent with the strategic direction of the business unit and defines and establishes program parameters, including limits, states of operation, lines of business and reinsurance levels.The Product Line Leader, in conjunction with the Chief Underwriting Officer, develops strategic plans and annual budgets and is directly responsible for overseeing and managing the handling of the largest accounts.Ensures service delivery and client relationship management for the broker offices. Monitors results. 

Business Strategy/Financial Responsibilities

Defines and implements underwriting strategy and sets direction for product line.

Accepts ultimate accountability for growth, profit and expense of the product line or specialty.

Defines opportunities within the strategy particular to the marketplace, customizes the approach based on market/economic conditioning.

Identifies and drives the development of new products and new initiatives

Accountable for controllable expenses

Accountable for the management of underwriting measures including production, rate change, rate application, loss ratios, expenses and quality.

Provides supervision to ensure compliance with organizational policies, procedures and defined internal controls.

Identifies issues/impediments to achieving business results and implements corrective measures.

Provides singular point of contact for identifying/analyzing issues and results.

Monitors results.

Focuses and clarifies message from Senior Leadership

Lead or significantly contribute to project teams

Marketplace Responsibilities

Provides creative solutions in process/structure to assure agile and appropriate response to customer needs

Partners with Marketing in development marketing strategies

Initiate and sustain close relationships with key accounts, producers, industry associations and specialized service providers, that directly enhance segment or line of business

Experience planning, orchestrating, and leading highly effective broker meetings.

Strong technical knowledge regarding underwriting, coverage and pricing within a particular product line

Serves as a company representative to external organizations, as appropriate

People Management Responsibilities

Responsible for the strategic allocation of resources, within staffing model, that will drive desired business results.

Manages the daily activities of underwriting staff and oversees all performance, coaching and staff development needs.

Oversees all department Human Resources activities. Hires, trains, and supervises underwriting staff.  

Accountable for staff selection, retention, development and diversity results.

Models behavior that encourages collaboration, teamwork and open communication.

Qualifications

Verus operates in a fast-paced environment that requires the ability to manage multiple, complex assignments and competing priorities. Candidates must be comfortable working in an ambiguous and dynamic environment. 

College degree or equivalent work experience with demonstrated involvement in insurance industry education. RPLU designation a preferred.

Resourceful, analytical, with the ability to execute tasks through to resolution

Strong oral/written communication skills with a positive attitude

Detail-oriented with initiative and ability to work in fast-paced team environment

A focus on delivering exceptional customer service

Excellent communication and interpersonal skills

Ability to work independently as well as part of a team

High sense of urgency and need to identify and resolve issues

Ability to travel, as needed

Computer literate including use of Word, Excel and various project management tools


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