Chief Underwriting Officer

Chief Underwriting Officer

Remote Location

We are seeking a highly experienced and dynamic individual to join our team as the Chief Underwriter for a startup Managing General Agent (MGA) or Managing General Underwriter (MGU) in the commercial insurance industry. This role requires a strong background in underwriting, leadership skills, and the ability to successfully establish and grow an MGA/MGU operation.

• Strategic Leadership:
  Develop and execute the overall strategic vision for the MGA/MGU startup, including establishing underwriting guidelines, risk appetite, and growth targets.
• Underwriting Management:
  Oversee all aspects of underwriting operations, including risk assessment, pricing, policy issuance, and compliance with regulatory requirements.
• Business Development:
  Identify and pursue new business opportunities, build relationships with brokers, agents, and other key stakeholders, and drive revenue growth for the MGA/MGU.
• Team Building and Management:
  Recruit, train, and lead a team of underwriters, ensuring they have the necessary skills, resources, and support to achieve business objectives.
• Market Analysis:
  Stay updated on industry trends, market conditions, and competitor offerings to inform underwriting strategies and product development.
• Portfolio Management:
  Monitor the performance of the MGA/MGU portfolio, analyze loss ratios, and implement corrective actions as needed to maintain profitability.
• Compliance and
  
  Risk Management:
  
  Ensure adherence to regulatory guidelines, internal policies, and risk management protocols to mitigate potential exposures and maintain a strong control environment.
• Relationship Management:
  Foster strong relationships with insurance carriers, reinsurers, and other industry partners to secure capacity, negotiate terms, and enhance the MGA/MGU's value proposition.
• Technology and Innovation:
  Collaborate with IT teams to leverage technology solutions, automation, and data analytics to streamline underwriting processes, improve efficiency, and enhance decision-making capabilities.

• A bachelor’s degree in business, Finance, Insurance, or related field. Advanced degree or professional certifications (e.g., CPCU, ARM) preferred.
• Extensive experience (minimum 10 years) in commercial insurance underwriting, with a focus on property and casualty lines.
• Proven track record of successfully launching and leading an MGA/MGU, including building a profitable book of business.
• Strong understanding of insurance market dynamics, underwriting principles, risk assessment methodologies, and regulatory compliance requirements.
• Excellent leadership and team management skills, with the ability to motivate and inspire a diverse group of underwriters.
• Exceptional analytical and problem-solving abilities, with a keen eye for detail and a strategic mindset.
• Excellent communication and interpersonal skills, with the ability to build and maintain relationships with internal and external stakeholders.
• Proficient in utilizing technology and data analytics tools to drive underwriting decisions and operational efficiency.
• Demonstrated ability to adapt to a fast-paced and evolving business environment, with a focus on innovation and continuous improvement.

If you are a results-oriented, visionary underwriting professional with a passion for driving growth and building successful MGA/MGU operations, we invite you to apply for this exciting opportunity.