Dir Institutional Underwriting

Provides direction, control, and continuous improvement of institutional underwriting services supporting the Institutional Solutions business, including Pension Risk Transfers (PRT), Structured Settlements, Guaranteed Investment Contracts (GICs), Funding Agreements, Funding Agreement-Backed Notes (FABNs), and other institutional retirement and investment products. Accountable for underwriting results delivered through Underwriting Managers in compliance with Company policies, risk guidelines, and regulatory requirements. Responsible for implementation of underwriting strategy, earnings enhancement initiatives, support of new product development, and oversight of technical enhancements supporting underwriting activities from pricing through contract installation.

WHAT WE CAN OFFER YOU:

• Estimated Salary(Levels have variable responsibilities and qualifications):
  • Director, Institutional Underwriting: $138,500 - $235,500 plus annual bonus opportunity
• 401(k) plan with a 2% company contribution and 6% company match.
• Work-life balance with vacation, personal time and paid holidays. See our benefits and perks page for details.
• Applicants for this position must not now, nor at any point in the future, require sponsorship for employment.

WHAT YOU'LL DO:
Underwriting Leadership & Execution Direct day-to-day institutional underwriting activities through Underwriting Managers supporting PRT, Structured Settlements, and related products, ensuring consistent application of underwriting standards, pricing assumptions, and risk guidelines. Risk Oversight & Decision Authority Review, consult on, and approve complex or high-exposure institutional transactions and underwriting exceptions within assigned authority to ensure appropriate risk selection and profitable outcomes. Strategy Implementation & Earnings Enhancement Implement underwriting strategies aligned with business objectives, including earnings enhancement initiatives, market competitiveness, and support for new institutional product development.

Technical & Platform Oversight Provide underwriting leadership and oversight for system, model, and process enhancements impacting institutional underwriting, in partnership with Actuarial and Technology (ART), from pricing through installation. Governance, Compliance & Controls Ensure underwriting practices comply with Company policies, governance standards, and applicable legal and regulatory requirements; support audits, reviews, and risk oversight activities. Talent, Performance & Continuous Improvement Develop and maintain an engaged and accountable underwriting management team;

monitor performance, quality, and service levels; and drive continuous improvement in productivity and operational effectiveness. WHAT YOU’LL BRING:
Institutional Underwriting & Risk Expertise Extensive experience underwriting complex, long-duration institutional annuity or investment products, such as PRT, GICs, funding agreements, or similar solutions, with strong risk selection and pricing judgment. Leadership & Strategic Execution Demonstrated ability to lead through managers, implement underwriting strategy, drive change, and balance risk discipline with profitability and growth objectives. Financial, Analytical & Technical Acumen Strong financial and analytical skills to evaluate complex institutional transactions, with the ability to partner effectively on pricing models, underwriting systems, and process enhancements.

Collaboration & Communication Proven ability to build effective relationships and communicate underwriting positions and recommendations across Actuarial, Investments, Technology (ART), Product, Operations, and senior leadership. PREFERRED:
Advanced Industry Knowledge

Experience with Pension Risk Transfer (PRT) transactions, Funding Agreements, FABNs, Structured Settlements, or other institutional retirement and investment products Professional Designations & Education Advanced degree in Business, Finance, Economics, Risk Management, or related field and/or professional designations Institutional Markets Expertise Knowledge of institutional investment markets, asset-liability management principles, and the…