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Director of Insurance Policy Services

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Work at Home Illinois | Direct Hire

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Job Summary:

The Director of Insurance Policy Services will serve as our client company’s lead technical underwriter, providing expert analysis and recommendations on new and renewal excess liability business. The role oversees the performance of third-party underwriting vendors, ensures policy wording accuracy and supports reinsurance data coordination. The position works closely with the President and CEO to shape underwriting strategy and communicate with stakeholders including brokers, shareholders, and regulators.


Responsibilities:

  • Serves as the company’s technical underwriting focal point and resource for underwriting services provided by the company and deliverable to the company’s shareholders and brokers.
  • Analyzes data compiled by the company’s third-party underwriting processing vendor and provides recommendations on terms and conditions to be offered for new and renewal business to the President and CEO.
  • Coordinates and serves as a liaison for functions, data development and delivery to reinsurance providers for the company’s reinsurance program(s).
  • Comprehends, tracks and manages functions provided by the company’s underwriting processing vendor.
  • Coordinates and tracks changes in the wording of insurance policies issued by the company. Analyzes and makes recommendations to changes in policy wording supported by outside counsel.
  • Works with the President and CEO to formulate and implement underwriting objectives and strategies.
  • Masters the use of the company’s underwriting processing system as provided to the company by the company’s underwriting processing vendor.
  • Communicates with shareholders, brokers, auditors, regulators and others regarding the company’s online underwriting resources.
  • Supports the President and CEO in discussions with the company’s appointed actuary for functions related to insurance policy rating.
  • Supervises the company’s underwriting processing vendor for the timely issuance of insurance policy documents and oversees the maintenance of current and historical insurance policies.
  • Completes underwriting quality checklist for each new and renewed policy.
  • Prepares various underwriting reports for the President and CEO as needed.
  • Works with the company’s controller to prepare the company’s confidential offering memorandum, joinder and participation agreements in connection with the acquisition of new shareholders.
  • Meets in person with the President and CEO, the underwriting processing vendor, shareholders, brokers, prospects and other staff as needed.

Requirements:
  • 5+ years of experience as an underwriter at an excess liability insurance company, commercial insurance broker, reinsurer, surplus lines broker or managing general underwriter
  • Thorough understanding of commercial excess liability concepts, practices, policy wording forms and interaction with other primary and excess liability insurance programs
  • Knowledge and/or previous experience in alternative risk financing vehicles such as wholly owned captives, group captives and risk retention groups
  • Experience with reinsurance concepts, reinsurance products, the measurement of the effectiveness of reinsurance programs and reinsurance treaty renewal processes
  • Previous experience working with commercial insurance underwriting software systems and/or broker or agency management software systems
  • Proficient with Microsoft Excel, Word, Outlook and PowerPoint
  • Ability to communicate clearly and effectively in English
  • Analytical skills, and the ability to work independently and provide recommendations and decisions in support of the primary functions
  • Ability to prioritize tasks and work under tight timeline constraints
  • Ability to travel regularly in support of the primary functions and commute to the company’s offices regularly if the position is based at the employee’s remote work location
  • Strong interpersonal skills and ability to work well with clients, brokers, reinsurers and peers in a team environment

Contact:
Blake Grimm
Assistant Vice President
+1 (312) 884-0473
bgrimm@jacobsongroup.com

Pay Range:
The anticipated salary for this position is $150,000 annually. 
We understand salary is an important factor in a job search, and we encourage you to apply even if you feel that your desired compensation may fall outside of the listed range. The final pay for this position is determined based on several factors including but not limited to, relevant experience, skills and certifications, education and training, geographic location, market conditions, and internal equity.  
We are committed to finding the right candidate for this role and are open to discussing how your unique qualifications align with our needs.


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  • Job At-A-Glance


  • Category
    Underwriting

    Industry
    P&C

    Type
    Direct Hire

    Location
    Illinois
    Work at Home

    Reference ID
    38638


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