Manager, Regional Underwriting

Manager, Regional Underwriting
City: London
Last visit: 2014-10-25
Author's ads: 1

Posted: 2014-10-25


Manager, Regional UnderwritingJob Code:


London, ONDepartment:

Commercial Insurance# of openings:

1Job Type:

Full TimeClosing Date:



The Manager, Regional Underwriting drives the profitable growth of Economical's Commercial Auto and Property Insurance business by overseeing the implementation of standardized Underwriting processes and services that meet or exceed Brokers' needs and expectations. Reporting to the Regional Commercial Manager, he/she is responsible for maintaining a profitable Commercial Insurance portfolio and meeting growth targets within his/her Region, leading a team of Underwriters who are assigned risks that have a high potential to generate severe losses/gains or a high loss/gain frequency and may have a measurable impact on the overall profitability of the Commercial Insurance portfolio.


Key accountabilities:

Strategy and Planning;

Supports the Regional VP, and the AVP, Commercial Underwriting in translating the Commercial Insurance strategy into detailed people, process, and technology plans for Regional Complex Underwriting, including definition of tactical initiatives

Drives the implementation of people, process, and technology plans within Regional Complex Underwriting and collaborates with peers in Commodity and Complex Underwriting and Sales and Distribution operations, as appropriate, to ensure alignment with the overall Commodity and Complex operating models and Line of Business and segmentation strategies People Management and Development;

Develops, coaches/mentors and manages the performance of Direct Reports, including identification of areas where performance improvement plans are needed to ensure achievement of business, functional and individual productivity levels, profitability targets, service level agreements, and KPIs

Helps build a culture of high performance and sustained profitable growth by promoting and supporting an environment that encourages productivity, collaboration, teamwork, and a high level of professionalism Underwriting Operational and Technical Expertise (for Complex Underwriting);

Ensures his/her decision making, and that of the team, aligns to Economical's Line of Business and segmentation strategies

Ensures his/her team's compliance with federal and provincial regulations as related to Auto and Property Insurance

Implements and monitors operational controls as appropriate for the Complex Underwriting function within his/her Region Customer Experience and Sales Management;

Collaborates with the Regional VP and Business Development team to define and execute a Regional Broker relationship management strategy to drive growth, profitability, and sustainability of the Commercial Insurance portfolio within the Region

Supports Direct Reports in building and managing relationships with assigned Brokers and the broader Broker network within the Region Financial Management;

Contributes to the growth and profitability of Economical by meeting specific GWP, loss ratio and expense ratio targets for Complex Underwriting

Supports the Regional VP in developing annual plans for his/her Regional Complex Underwriting function, including annual budgets as well as high-level business case analyses for initiatives

Manages and reports on the Regional Complex Underwriting function's budgets and costs, providing this information to the Regional VP as per the time defined (e.g monthly, quarterly, etc

Manages staffing levels to align with Industry benchmarks  

Job Requirements

University degree in any discipline or two year College diploma in a relevant discipline or CIP designation.

10-15 years of relevant Underwriting experience, including 3-5 years of supervisory experience leading teams of Underwriters in the Commercial Insurance Industry

CIP designation, or a commitment to completing the CIP is required

Exceptional customer service, verbal and written communication skills

Strong management and leadership skills with the ability to build and maintain effective relationships with business partners and Brokers

Strong analytical thinking and planning skills

Leadership experience in guiding a team through sustained organizational change

Comfortable working in a fast-paced and dynamic environment in which he/she is leading organizational change

Strong ability to influence and effectively negotiate with stakeholders

Industry: Insurance

Job Function: Insurance