Who we are at Embroker
Embroker is the radically simple destination for industry-tailored commercial insurance. Our mission is to make it radically easier for businesses to get the right coverage at the best price. With a technology-first, customer-centric approach, Embroker is changing how businesses protect themselves, their staff, and their customers. In 2015, Embroker has raised over $150M in funding from leading fintech investors.
POSITION CAN SIT REMOTELY IN THE US - STRONG PREFERENCE FOR A CANDIDATE TO SIT IN THE NYC METROPOLITAN AREA (NJ, NY, CT), ATLANTA OR CHICAGO.
Reporting directly to the Chief Executive Officer (CEO), this role is responsible for providing strategic direction and leadership for the performance of Embroker’s commercial insurance operations. Importantly, the Head of Insurance will be a dynamic thinker, have excellent communication skills, a roll-up your sleeves mentality and be a servant leader. The successful candidate will embrace and advocate for the use of technology and innovation to revolutionize traditional insurance approaches and establish Embroker as a leader in the future of insurance. This role will be an instrumental leader in the next phase of Embroker’s growth from its position as the leading specialty commercial InsurTech and will provide directional leadership over insurance product, underwriting, claims and reinsurance.
Job Duties
- Profit and Loss (P&L) ownership for the insurance operations and all industry verticals, including ultimate target loss ratios (TLRs).
- Develop insurance product strategies to drive long term underwriting performance through the application of advanced data and analytics capabilities.
- Ownership of reinsurance strategy and placements and management of key reinsurance relationships.
- Strategic leadership and career development of product development, underwriting, claims and other operational functions.
- Manage the roadmap and execution of our insurance product development (new features, vertical industry targets, bespoke insurance coverages, etc.).
- Maximize best-in-class internal claims function and provide strategic oversight of a fully functioning in-house claims department.
- Own operational execution of insurance function level including claims handling, compliance, and capacity and limits.
- Serve as functional head of Embroker’s general agency and captive insurance carrier.
- Perform other duties as assigned.
Qualifications
- 20+ years of insurance industry and proven leadership experience. Accomplished and respected commercial P&C insurance veteran (preferably within specialty).
- P&C license, including surplus lines, preferred.
- Demonstrated track record of building and leading profitable underwriting organizations. Strong expertise across a variety of functional areas including: reinsurance, claims and operations.
- Track-Record of Growth and building out a function including hiring, mentoring, coaching and retaining a high-performing team.
- Insurance product development with demonstrable history of building admitted and non-admitted products and strong command of the insurance product development and regulatory approval process. Passion for technology.
- Inspiring leader and excellent communicator who can work comfortably at all levels of the enterprise, pick-up the phone and communicate to various stakeholders without hesitation, and naturally gain the hearts and minds of the enterprise.
- Reputation for being a strong mentor, developer and attractor of talent. Followership.
Creates a culture of accountability to ensure delivering world-class products and services.
- Start-Up DNA. Ability to thrive in a rapidly growing company or start-up environment. A self-starter who digs in with urgency, exercises discretion and independent/sound judgment, while excelling in an entrepreneurial, fast-paced, results oriented environment.
- Teamwork. Creates an open and transparent environment in which diverse experience, skill-sets and individuals can team together to drive optimal outcomes.
- Ability to perform at a high level in a remote work environment.
Our Values
The Embroker Pack lives by three core values that have taken us from an idea to a growing, well-funded player in the Insurtech space.
Pack First
We succeed and fail as one team. We optimize for what is best for our entire organization. We always assume positive intent.
Be All-In
We are 100% committed. We move fast and are proud of what we build. We attack challenges with relentless positivity.
Create Magic
We strive to amaze and delight at every touchpoint. We make our work fun through teamwork, play, and positive energy.
