Underwriting Portfolio Risk Analyst

Job d:

Location:

Hartford, Connecticut, United States Category:
Claims & Underwriting Company:
Munich ReA Portfolio Risk Solutions (PRS) Underwriter has responsibility to manage, monitor, expand, and optimize HSB’s portfolio products for assigned Client Companies, with a focus on achieving Profit and Growth targets. This role supports a key strategic initiative, to profitably grow our business acting as a catalyst to new product implementations and performance management of existing client companies.

The PRS Underwriter is responsible to become the thought leader with Clients, bringing innovative solutions utilizing HSB’s vast resources of data, products & services.  Working to tactically deploy HSB’s capabilities to optimize and enhance our client partnerships.

Working closely with Product Managers and with general oversight from the Underwriting Lead, the PRS Underwriter will deploy creative approaches for data analysis (including but not limited to diagnostic and predictive analytics) to understand and optimize product performance.  These analytical approaches are used to design surgical strategies for corrective action to ensure rate adequacy, appropriate price segmentation & detection of leading loss trends.

This includes analyzing claims, engineering, expenses, exposure data/profile shifts, pure premium trends & 3rd party exposure data.

The PRS Underwriter is responsible for delivering powerful client presentations (externally) to communicate financial results, data analysis, rate analysis & emerging loss trends. The PRS Underwriter is the technical expert for both our Client and Client Integration Team.

A PRS Underwriter has underwriting binding authority to independently make underwriting decisions that drive their assigned portfolio’s financial results, subsequently impacting the business’ P&L.The PRS Underwriter has product knowledge for all HSB PRS products with a focus on supporting the products, services and enhancements for each product.  This is accomplished by striving to achieve a deep understanding of coverage and communicating the value of our products to existing clients and prospective clients.

Education and Experience Bachelors or equivalent work experience is required5+ years of P&C insurance/reinsurance experience is required;3+ years in underwriting preferred

Demonstrated understanding of commercial and personal lines insurance and reinsurance coverage, concepts, principles, exposures and processes to drive profitable results

Demonstrated ability to translate large data analysis into actionable decisions

Demonstrated understanding of rate development (pure premium), price segmentation & detecting leading loss trends

Past experience with responsibility for achieving profit and growth targets for a book a business

Demonstrated experience with negotiation and conflict resolution

Exhibited ability to develop creative and unique solutionsHSB Product knowledge and Previous Experience and familiarity with HSB is desired

Knowledge and Skills Financial Statement (Business Finance) knowledge and analysis

General insurance/reinsurance industry knowledge

Presentation Skills Strong interpersonal, written and verbal communication skills

Portfolio analysisHSB Product knowledge

Organization and time management skills

Consultative and Strategic negotiation skills

Strong project management skills to manage multiple concurrent projects and issues.

PC skills (Excel, PowerPoint, Power BI, and Word)
Detail Oriented Action oriented with strong analytical, Actuarial skills, Statistical analysis, innovation and persuasion skills to influence change.

Naturally curious and inquisitive to identify issues and solve problems. Resourceful in order to research issues, assemble support, and recommend creative…