VP, Underwriting

Reposted 2 Hours Ago
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Hiring Remotely in RI, USA
Remote
Expert/Leader
Industrial
The Role
Leads profitable growth and expansion across multiline insurance underwriting portfolios, including General Liability, Auto, Excess/Umbrella, Property, Inland Marine, Workers Compensation, and Crime. Manages in-house and delegated underwriting resources, MGA distribution partnerships, underwriting guidelines, authority statements, audits, portfolio market analysis, and book-level profit and loss. Collaborates with Actuarial, Claims, Finance, IT, and other teams while directly managing five to seven underwriters.
Summary Generated by Built In

At Coaction, we’re a unique mix of leaders, achievers, thinkers, and team players with a high-performance mindset and a diverse skillset. We bring our industry expertise together to continually push the boundaries of what insurance can be for our clients.

The VP, Underwriting role is responsible for the profitable, growth, and expansion of various subverticals that incorporate multi-line coverage offerings, spanning multiple lines of business and industry segments. This role includes the management of both in-house and delegated authority underwriting resources. The ability to maintain strong and trusted distribution partnerships, while driving profitable and sustainable growth, is critical to this role.

Responsibilities:

  • Underwriting management of multi-line portfolios including General Liability, Auto, Excess/Umbrella, Property, Inland Marine, Workers Comp, and Crime. Note, the most significant lines of business are General Liability, Auto, and Excess/Umbrella
  • Consistent assessment and analysis of prevailing market conditions and challenges within each book of business, spanning multiple industry segment including, but not limited to, Upstream Energy, Downstream Energy, Specialized transportation, and Contractors
  • Maintenance and oversight of key distribution partnerships with Managing General Agents. This includes weekly communication with MGA partners regarding production, claims, rate monitoring, acquisition costs, and the state of the market.
  • Regular auditing and upkeep of Underwriting guidelines, authority statements, and audit criteria.
  • Management of Profit and Loss statements for each book of business with a focus on underwriting profit and expense management
  • Ongoing collaboration with Actuarial, Home Office, IT, Claims, and Finance team to drive profitable outcomes for each book of business.
  • Direct management responsibilities for a team of 5-7 underwriters of varying experience.

Equal Opportunity Employer

Coaction is an Equal Employment Opportunity employer. Coaction’s policy is not to discriminate against any applicant or employee based on race, color, religion, national origin, gender, age, sexual orientation, gender identity or expression, marital status, mental or physical disability, and genetic information, or any other basis protected by applicable law. Coaction also prohibits harassment of applicants or employees based on any of these protected categories.

If your application is selected, you will receive an email directly from the Coaction Recruiting Team at [email protected] asking you to contact a member of the Coaction Recruiting Team. Any other method of contact may be fraudulent.

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The Company
Alpharetta, Georgia
447 Employees
Year Founded: 2009

What We Do

Coaction Global (Coaction) is an A.M. Best “A-“ (Excellent)-rated, property and casualty (P&C) insurance company. Founded in 2009 as ProSight Global, Coaction today is a specialty underwriter providing property, casualty, entertainment, executive liability, and multi-line coverages to U.S. customers via open brokerage and delegated underwriting authority platforms. Coaction’s authentic, results-oriented culture is reflected in the company’s focused approach to fulfilling individual customer needs by combining product, analytics, and underwriting capabilities with strong industry knowledge and partnerships. Through data-driven insights and collaboration, the company coacts with customers and partners to rationally manage risk for a more confident and sustainable future

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