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VP Accident Underwriting

Job in New Orleans - Orleans Parish - LA Louisiana - USA , 70130
Company: Pan-American Life Insurance Company
Contract position
Listed on 2021-02-25
Job specializations:
  • Insurance
    Underwriter
  • Finance
Job Description & How to Apply Below
Position:  2nd VP Global Accident Underwriting
Manage US Accident Underwriting Department and staff development

* Develop and maintain accident underwriting guidelines
* Provide review and approval of large and/or unusual quotes
* Assign authority and monitor compliance
* Confirm referrals that exceed underwriting authority limits are forwarded to required approver(s)
* Set quote TAT objectives for new and renewal quotes and manage department to comply with key KPI

Supervise Accident Reinsurance

* Oversee the annual renewals of accident reinsurance and support activities to around placing new reinsurance agreements as needed
* Serve as point person between US and International teams and accident reinsurers
* Coordinate with reinsurers and ensure reinsurance compliance
* Manage facultative submissions for large, complex cases and unique offerings

Coordinate with multiple internal departments

* Co-manage with Policy Administration to streamline the submission, quote, binding and policy issue process
* Actively work with Compliance and Actuarial departments on product development, product filings and rater development
* Actively work with Sales department to attain underwriting solutions for client/producer
* Support Accident Practice Leader with staff training & development

Support International Underwriting Department for Accident products

* Develop and maintain accident underwriting guidelines
* Review or approval of large and/or unusual quotes
* Assign authority and monitor compliance
* Confirm referrals that exceed underwriting authority limits are forwarded to required approver(s)
* Set quote TAT objectives for new and renewal quotes and manage department to comply with key KPI

Manage Portfolio to ensure that bottom line targets are met in the short and medium term

* Monitor accident business
* Investigate and determine root cause of problems
* Identify negative trends
* Initiate appropriate corrective action(s) as necessary
* Responsible for regularly reporting KPI and Service Level Agreements of underwriting performance of the book they manage as well as other segments of the organization

Other duties assigned as needed

Job Specific Competencies

Required: Bachelor's degree and seven (7) years managerial experience including deep knowledge of managed sub-function and solid knowledge of overall departmental function. Ten (10) years of underwriting experience in one or more of the key product segments.

Preferred: Experience in global accident market with emphasis on U.S., Latin America and the Caribbean.

Knowledge, Skills & Abilities

* Accident Underwriting
* Reinsurance
* Policy Analysis
* Risk Analysis
* Insurance Regulatory Guidelines
* Contract Review
* Denial Administration
* Loss Run Analysis
* Insurance and Underwriting & Rating Software
* Ability to travel domestically and international, about 25% of the time
* Strong relationship management skills
* Excellent communication skills both verbally and in writing
* Spanish language is a plus
Position Requirements
Less than 1 Year work experience
 
 
 
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