Vice President – Professional Liability

Role Overview

• Leads the development of new insurance products, including underwriting guidelines, from concept to launch.
• Manages existing and new products to ensure production and profitability targets are met.
• Ownership of rate decision.
• Drives collaboration with actuarial, distribution and production underwriting to create and enhance rating algorithms.
• Accountable for the line level P&L.
• Functions as the ultimate referral underwriter by providing guidance and thought leadership to production underwriting at the single risk level and at the portfolio level.
• Manages the end-to-end product development lifecycle, ensuring milestones are met on time.
• Defines and prioritizes insurance product requirements, focusing on customer-centric solutions that align with a service forward USP (Unique Selling Position).
• Coordinates cross functional teams, including underwriting, distribution, actuarial, legal and IT to ensure seamless product delivery.
• Owns competitor intelligence strategy and conducts market intelligence.
• Provides guidance and thought leadership to Product Managers or Product Specialists to drive portfolio management monitoring and KPI's.
• Ensure all products comply with regulatory and legal requirements, working closely with the regulatory team.
• Monitor changes in regulations and market conditions that may impact product offerings, making adjustments as needed.
• Actively monitor product performance and enhance iteratively.
• Communication of hypothesis and outcomes are driven by discussion, creation of content and presentation materials.
• Analyze agent feedback, competitive landscape, and market trends to iteratively improve existing products and identify new product opportunities.
• Collaborate with training and marketing to develop communication, training, and marketing materials in support of new or enhanced products and initiatives.
• May require delivery of training materials or content.
• Outline post implementation monitoring and measurement mechanisms for line of business specific strategies in support of outlined success criteria.
• Collaborate with Data and Analytics unit to analyze and refine results.

Requirements

• Bachelor's degree preferred with concentration in Risk Management, Business, Economics, Finance, Math, Statistics or Actuarial Sciences
• Minimum of 10+ years of Professional Liability (E&O, EPLI, D&O) Product experience; production underwriting experience preferred but not required.
• Must exhibit expertise in industry trends, state regulations, and compliance processes.
• Must promote and exemplify data driven decision-making.
• Promotes and exemplifies a culture of collaboration, including stakeholders at various levels and in various departments.
• Provide guidance through example. There is expectation that in addition to ownership and guidance, work product will be delivered through this role for all owned aspects.
• Excellent verbal and written communication skills, along with interpersonal and influencing skills
• Self-directed and self-motivated with demonstrated strength in planning, organizing, and driving seamless product delivery.
• Proficient with MS Office; Proficient with reporting tools like PowerBI.

Benefits

• Competitive compensation
• Healthcare benefits package that begins on first day of employment
• 401K retirement plan with company match
• Enjoy generous paid time off to support your work-life balance plus 9 ½ paid holidays
• Up to 6 weeks of parental and bonding leave
• Hybrid work schedule (3 days in the office, 2 days from home)
• Longevity awards (every 5 years of employment, receive a generous monetary award to be used toward a vacation)
• Tuition reimbursement after 6 months of employment
• Numerous opportunities for continued training and career advancement
• And much more!