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Job description
All locations Hartford, United States; Boston, United States; Chicago, United States; Des Moines, United States; Jersey City, United States; Philadelphia, United States; White Plains, United States; The Senior Portfolio Underwriter at HSB holds the paramount responsibility for managing, monitoring, expanding, and optimizing the portfolio products for the company's largest and most critical client company relationships. This role is central to achieving profit and growth objectives and is a cornerstone of HSB's strategic initiative to foster business growth. It involves acting as a catalyst in the introduction of new products and managing the performance of existing client companies.
As a thought leader for clients, the Senior Portfolio Underwriter is tasked with devising innovative solutions by tapping into HSB's comprehensive resources, encompassing data, products, and services. The role demands a tactical deployment of HSB's capabilities to maximize and enhance client partnerships.
In collaboration with Product Managers and the Underwriting Lead, the Senior Portfolio Underwriter utilizes creative data analysis methods, such as diagnostic and predictive analytics, to gain a deep understanding and optimization of product performance. These analytical techniques are essential for developing targeted strategies for corrective actions, ensuring rate adequacy, precise price segmentation, and identifying emerging loss trends. This responsibility includes a thorough examination of claims, engineering reports, expenses, exposure data/profile shifts, pure premium trends, and third-party exposure data.
The Senior Portfolio Underwriter is also responsible for crafting and delivering compelling client presentations externally. These presentations are designed to effectively communicate financial results, data analyses, rate assessments, and evolving loss trends, positioning the Senior Portfolio Underwriter as the technical authority for both clients and the Client Integration Team.
With underwriting binding authority, the Senior Portfolio Underwriter independently makes crucial underwriting decisions that directly influence the financial outcomes of their assigned portfolio, thereby impacting the company's P&L.
Education and Experience:
Bachelors or equivalent work experience is required
7+ years of P&C insurance/reinsurance experience5+ 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 solutions
HSB 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 analysis
HSB 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 solutions to underwriting issues
At The Hartford Steam Boiler, a subsidiary of Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.
We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. The work environment characteristics, and any physical and mental requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.
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