Corporate Underwriting Manager

Company
American Modern Insurance Group
Location
Cincinnati , United States

American Modern Insurance Group, Inc., a Munich Re company, is a widely recognized specialty insurance leader that delivers products and services for residential property – such as manufactured homes and specialty dwellings – and the recreational market, including boats, personal watercraft, classic cars, and more. We provide specialty product solutions that cover what the competition often can’t. We write admitted products in all 50 states and have a premium volume of $1.9 billion.

Headquartered in Amelia, Ohio, and with associates located across the United States, we are part of Munich Re’s Global Specialty Insurance division. Our employees receive boundless opportunity to grow their careers and make a difference every day - all in a flexible environment that helps them succeed both at work and at home.

We have a great opportunity to join our team as a Corporate Underwriting Manager

Purpose:

Oversee the workflow and key deliverables for Corporate Underwriting activities thereby ensuring that the fundamental tenets of Quality Assurance and Risk Management are realized throughout the Pricing & Underwriting Division.

Roles & Responsibilities:

• Maintains and oversees the company’s Underwriting Management Ecosystem as it pertains to a) composition of the current portfolio; b) underwriting strategies for target portfolio; c) underwriting authorities in line with underwriting competencies; d) quality assurance processes; and e) referral requirements to manage the portfolio.
• Conducts Delegated Underwriting Authority (DUA) Reviews to ensure users of DUA are making business decisions in accordance with the level of authority granted.
• Oversees annual Large Deal Referral analyses for distribution partners who have $35mm or more in Written Premium and/or $100mm or more in catastrophe exposure in order to mitigate accumulation risk.
• Serves as the Pricing & Underwriting Division liaison for all regulatory compliance requests received from the Legal & Compliance department to include Market Conduct Exams and ad hoc requests from other departments which entails working cross functionally with: Legal/Compliance, Product, Underwriting, and Customer Service to resolve regulatory inquiries.
• Serves as the subject matter expert for Line Underwriting thereby ensuring program partners operate within our underwriting risk tolerance relative to risk identification and mitigation of underwriting/operational/strategic risks to include testing controls that pertain to underwriting business decisions.
• Directs and develops Quality Assurance and Risk Management activities in an effort to drive business optimization throughout the Pricing & Underwriting Division thereby facilitating an overall effective risk and control environment.
• Completes Due Diligence Risk Assessments on New Program Partner opportunities thereby ensuring the New Program Partner operates within the company’s underwriting risk tolerance.
• Serves as the Team Leader for the annual Business Continuity Plan for the Pricing & Underwriting Division which includes core process identification for each department in the division in cooperation with IRM.
• Creates and maintains department Guidelines and Standard Operating Procedures.
• Monitors and maintains the Corporate Underwriting department budget which includes monitoring expenditures, and approving fund usage for non-personnel expenses.
• Ensures the companywide Underwriting Strategy remains updated and reflects the organization’s underwriting risk appetite including the annual monitoring of all Delegated Underwriting Authority Letters of Authority for internal associates & external agency partners.

Required Technical Skills:

Advanced experience with MS Word, Excel, Power Point and Outlook

Education, Certification, & Designations:

Bachelor’s degree with a major in business, management or related area with additional insurance and management related coursework or competencies gained through Underwriting, Audit or Finance experience.

We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

• Two options for your health insurance plan (PPO or High Deductible)
• Prescription drug coverage (included in your health insurance plan)
• Vision and dental insurance plans
• Short and Long Term Disability coverage
• Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes spouse/domestic partner and children)
• Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity)

In addition to the above insurance offerings, our employees also enjoy:

• A robust 401k plan with up to a 5% employer match
• A retirement savings plan that is 100% company funded
• Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries
• Eligibility to receive a yearly bonus as a Munich Re employee
• A variety of health and wellness programs provided at no cost
• A hybrid environment that gives you a choice in where and how you get work done
• A corporately subsidized on-site cafeteria as well as a We Proudly Serve coffee shop
• An on-site complimentary workout facility as well as walking trails on campus grounds
• On-site wellness center complete with nurse practitioner
• Financial assistance for adoptions and infertility treatment
• Paid time off for eligible family care needs
• Tuition assistance and educational achievement bonuses
• Free parking
• A corporate matching gifts program that further enhances your charitable donation
• Paid time off to volunteer in your community

At American Modern, 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.

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