SVP Underwriting HMIG

Company :

HM Insurance Group

Job Description : 

GENERAL OVERVIEW:  

SVP, Underwriting position is responsible for profitability and revenues of the billion dollars of stop loss business underwritten by or on behalf of HM Insurance Group. Major responsibilities include development and execution of the stop loss product line, pricing and underwriting strategies to achieve revenue and profitability target objectives set forth by HMIG and approved by its board of directors.

This multi-faceted position plays a key role in the corporate strategic planning, assessments and execution of business opportunities and strategic alliances, assessments of market conditions and their impact on the short and long term strategies for the corporation.

In addition to the financial responsibilities, the SVP, Underwriting is responsible for successful management of the multi-discipline and highly diversified Underwriting Department coupled with extensive management of any external partners performing underwriting functions on behalf of HM Insurance Group.

ESSENTIAL RESPONSIBILITIES:

• Development, execution and monitoring of the product line pricing and underwriting strategies for all lines of business underwritten by and on behalf of HM Insurance Group.
• Management of the multi-disciplined Underwriting department.
• Management of the external partners performing underwriting functions on behalf of HM Insurance Group.
• Participating in development and execution of the corporate strategic initiatives. Development and maintenance of relationships with key external producers and vendors
• Other duties as assigned or requested.

QUALIFICATIONS:

Minimum

• Bachelor’s degree
• 10+ years of experience in Underwriting of multiple product lines

Preferred

• Graduate Degree in business

Knowledge, Skills and Abilities 

• Effective leadership skills in a diversified environment
• Extensive expertise in underwriting of stop loss, Workers Comp and ancilliary life and accident products
• Effective negotiator and closer
• Uncommon adaptability to changing environments.
• Effective coaching skills • Effective global thinker

SCOPE OF RESPONSIBILITY 

Does this role supervise/manage other employees?   Yes 

If yes, indicate the number of direct reports: 5

Indicate the total number of direct and indirect reports: 65

If yes, please include a copy of the organization chart and complete the supervisor/management tab.

WORK ENVIRONMENT

Is Travel Required?

Yes

This job requires the ability to work as a team member. Additionally, this job requires the willingness and ability to report to work on a regular and timely basis and may require irregular work hours, holidays and/or weekends.

Disclaimer: The job description has been designed to indicate the general nature and essential duties and responsibilities of work performed by employees within this job title. It may not contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees to do this job.

Compliance Requirement: This job adheres to the ethical and legal standards and behavioral expectations as set forth in the code of business conduct and company policies.

As a component of job responsibilities, employees may have access to covered information, cardholder data, or other confidential customer information that must be protected at all times.  In connection with this, all employees must comply with both the Health Insurance Portability Accountability Act of 1996 (HIPAA) as described in the Notice of Privacy Practices and Privacy Policies and Procedures as well as all data security guidelines established within the Company’s Handbook of Privacy Policies and Practices and Information Security Policy. 

Furthermore, it is every employee’s responsibility to comply with the company’s Code of Business Conduct. This includes but is not limited to adherence to applicable federal and state laws, rules, and regulations as well as company policies and training requirements.

Pay Range Minimum:

$235,000.00

Pay Range Maximum:

$414,000.00

Base pay is determined by a variety of factors including a candidate’s qualifications, experience, and expected contributions, as well as internal peer equity, market, and business considerations.  The displayed salary range does not reflect any geographic differential Highmark may apply for certain locations based upon comparative markets.

Highmark Health and its affiliates prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibit discrimination against all individuals based on any category protected by applicable federal, state, or local law.

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