Vice President, Professional Lines Product Line Leader
Glen Allen, VA, USA | W. R. Berkley Corporation
Industry:Insurance - General
Functions:Financial Services Professional
Job Description:93 people have viewed this job
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.
Focuses and clarifies message from Senior Leadership
Lead or significantly contribute to project teams
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.
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
Already a member? Sign In