Director, Underwriting

Posted 4 Days Ago
Be an Early Applicant
3 Locations
In-Office
150K-230K Annually
Expert/Leader
Insurance
The Role
Leads Commercial Markets Underwriting for the West region, overseeing underwriting strategy, risk selection, profitability, revenue, and P&L performance. Manages and develops a distributed underwriting team, delegates authority, monitors policies and accounts, and builds relationships with agents and brokers. The role supports business planning, industry-focused strategies, agency management, talent development, compliance, and achievement of production and profitability objectives.
Summary Generated by Built In
Job Summary & Responsibilities
  • Responsible for the leadership and oversight of Commercial Markets Underwriting in the West region.
  • Achieve annual profit and revenue objectives and operate Accountable for book of business P&L including loss and ALAE ratio, controllable expenses, and Pre Tax Operating Ratio.
  • Effectively communicate and collaborate with regional and segment management in the execution of CMU's business.
  • Significantly contribute to the development, implementation and execution of annual and long-range premium and business plans in conjunction with regional and segment Plans should accurately reflect the potential of the territory and target industries based upon available premium and universe of accounts, as well as the territory's workers' compensation climate.
  • Select, hire and train the highest qualified candidates for open Monitor performance through effective use of performance management tools. Effectively manage the Underwriting staff with an eye toward increasing the overall knowledge-base, sales skills & technical competencies and effectively managing his/her broker assignments to consistently exceed goals. Implement meaningful development plans which grow the knowledge base of your staff.
  • Lead a team of underwriters located in multiple Delegate underwriting authority as necessary.
  • Ensure the implementation, execution, and monitoring of underwriting policies and procedures with particular focus on risk selection, loss analysis and Frequently review staffing plans to ensure they support the attainment of objectives.
  • Advance the CMU Focused Industry Reinforce strategy with staff, colleagues and external audiences. Develop new book and account monitoring tools in conjunction with segment management which are unique to the assigned industry. Promote effective communication among and between different work groups particularly in the execution of industry-specific account management activities.
  • Serve as an industry subject matter Keep abreast of developments in the assigned industry and disseminate relevant information throughout the PMA industry practice (including risk control and claims) and segment management.
  • Ensure that the Corporate Agency Management Program is fully executed by the Underwriting staff and that agency assignments are properly aligned with underwriter skill Design and implement agency management plans and monitor the profitability of assigned agents and brokers in conjunction with branch management and BDM/TMM staff. Maintain a degree of visibility with agents and brokers that is commensurate with the objectives of the assigned territories.
  • Ensure that underwriters serve as highly effective, results-driven account management "quarterbacks" who demonstrate analytical, monitoring, and leadership skills for active account management Hold all participants accountable for executing their responsibilities.
  • Employ strong analytics and sound judgment when making decisions and monitoring Communicate pertinent information to management, along with well-reasoned, meaningful recommendations.
  • Demonstrate the required planning, communication, and organizational skills to effectively execute the responsibilities of your Exhibit high levels of teamwork, leadership, initiative, and persistence. Recognize the need to execute these attributes consistently, given our evolving organizational structure.
  • Demonstrate commitment to Company's Code of Business Conduct and Ethics, and apply knowledge of compliance policies and procedures, standards and laws applicable to job responsibilities in the performance of work.
Preferred Qualifications
  • 10+ years commercial casualty underwriting experience and 7+ years management/supervisory experience is preferred.
  • Strong technical underwriting skills in all casualty lines of business, particularly workers' compensation.
  • Excellent presentation skills and strong oral and written communication skills.
  • Strong management, planning, organizational, and analytical skills.
  • Track record of building relationships with agents and brokers.
  • Proven negotiating skills with a demonstrated record of growth in a book of business and attainment of agency production objectives.
  • Proven developer of talent. Successful track record of mentoring and coaching for high performance.
  • Ability to travel.
  • Experience with remote management.
  • Possesses the initiative, persistence, and perspective to operate within an evolving strategic framework.
  • CPCU, ARM and or MBA desired.

In accordance with state regulations, PMA is sharing the anticipated salary range for this position: $150,000 to $230,000. This range is informed by national market data and is intended to accommodate a wide variety of geographic locations and experience levels.

We recognize that exceptional talent may fall outside typical salary parameters. If your compensation expectations exceed this range, we still encourage you to apply. Final compensation will be determined based on a combination of factors including your experience, education, and skill set. Offers may fall below, within, or above the stated range.

Skills Required

  • 10+ years of commercial casualty underwriting experience
  • 7+ years of management or supervisory experience
  • Strong technical underwriting skills across casualty lines, particularly workers' compensation
  • Excellent presentation skills
  • Strong oral and written communication skills
  • Strong management, planning, organizational, and analytical skills
  • Track record of building relationships with agents and brokers
  • Proven negotiating skills and record of book-of-business growth and agency production achievement
  • Track record of mentoring and coaching talent for high performance
  • Ability to travel
  • Experience with remote management
  • Initiative, persistence, and perspective to operate within an evolving strategic framework
  • CPCU, ARM, or MBA

PMA Companies Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about PMA Companies and has not been reviewed or approved by PMA Companies.

  • Leave & Time Off Breadth — Time off is described as generous, with a sizable PTO bank and a broad paid-holiday schedule. Feedback suggests the ability to accrue and use substantial leave is a standout element of the package.
  • Retirement Support — Retirement support includes a 401(k) with company contributions and immediate vesting on certain employer dollars. Profit-sharing and automatic eligibility are positioned as meaningful additions to total rewards.
  • Flexible Benefits — Benefits are organized in a cafeteria-style format with multiple medical plan choices, HSA options, FSAs, and a broad set of voluntary coverages. Feedback suggests this flexibility enables tailoring coverage to individual needs.

PMA Companies Insights

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The Company
HQ: Blue Bell, Pennsylvania
1,511 Employees
Year Founded: 1915

What We Do

PMA Companies provides risk management solutions and services, specializing in workers’ compensation and offering property & casualty insurance, in the United States. Headquartered in Blue Bell, PA, PMA Companies is a member of Old Republic Companies. Old Republic International Corporation (NYSE: ORI) is one of the nation’s 50 largest publicly held insurance organizations. PMA Companies includes: PMA Insurance Group, specializing in workers’ compensation, and providing other commercial property & casualty insurance products; and PMA Management Corp. and PMA Management Corp. of New England, providing results-driven TPA and Risk Services specializing in workers’ compensation and liability. We maintain a large client retention rate of 90% or higher and a client satisfaction rate of 96% per an independent survey. At PMA, we still build relationships the "old-fashioned way."​ Our clients know we care. They know we say what we do and do what we say. And they know that they can count on us to deliver tangible value to their business and to work passionately on their behalf.

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