SiriusPoint is a global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world. The Program Manager, NA P&C Insurance will lead and manage all aspects of several portfolios of partner P&C MGUs/MGAs/Program Administrators, with a focus on Surety Programs and effective management of risk and profitability.
Responsibilities:
- Leading development of Property & Casualty (P&C) underwriting guidelines and Letters of Authority for MGUs/MGAs/Program Administrators and standards and procedures for those exceptions outside of the underwriting guidelines
- Actively managing all Key Performance Indicators, including pricing objectives, profit improvement and combined loss ratio results
- Partnering with key support units, including Finance, Actuarial, Claims, Legal, Compliance, Operations and IT to analyze issues, identify solutions and drive execution on challenges faced by company, partners and customers
- For P&C MGUs/MGAs: supporting development of program and ceded business documents in conjunction with Underwriting, CUO and legal department
- Develop new P&C products including research and development, underwriting guidelines, SERFF Support for internal or external filing resources, pricing and state submissions and approvals
- Performing audits and conducting program reviews. Examining documents such as polices, application state endorsements, OFAC, plan documents and other documents necessary related to the writing of each programs business
- Identifying and managing portfolio-level risks, issues and dependencies
- Partnering with Legal/Compliance on legislative and regulatory topics impacting the P&C programs, including but not limited to data collection with programs, states and other entities for the accurate reporting of taxes, assessments and other compliance aspects of direct insurance
- Supporting corporate accounting with the collection of data from individual programs including, premiums, states, limits, etc
- Developing and maintaining relationships with MGUs/MGAs/Program Administrators
- Closely monitoring market and program specific trends to assure program performance consistent with company expectations
- Primary contact with each direct insurance program for all administrative, underwriting and service concerns or questions
- Building and maintaining relationships with support units, brokers, and reinsurers to support the goals and objectives of company
- Preparing monthly and quarterly management reports and other ad hoc reports as required
- Supporting P&C new business initiatives and conducting the appropriate triage of new business opportunities
- Assisting in training and developing staff
- Providing expertise on coverage issues with Claims
- Developing and leading marketing presentations to new and current agents/brokers
- Leading and ensuring the successful completion of complex projects
- Diagnosing and developing recommendations to solve unique business and customer challenges
Requirements:
- 10+ years of Property and Casualty Insurance experience in an underwriting and/or product role, preferably Surety
- Strong analytical skills
- Ability to develop analytical/dynamic underwriting models
- Ability to efficiently identify the tools required for the task at hand and develop a product solution
- Provide leadership to others which drives underwriting process improvement whether through technology, outsourcing or internal innovations
- Strong intellectual curiosity and a desire to help others solve problems
- Confidence in your skillset, desire to learn more and ability to make an impact
- Highly entrepreneurial – experience working on the creation of new and emerging products for rapid entry into new markets
- A natural inclination to work within a culture that is fast-paced and dynamic