Professional Liability Underwriting Manager

Company:
Victor
Description:
Victor Insurance Holdings is the world's largest managing general underwriter with locations in the US, Canada, UK, Netherlands, Germany, Italy, and Australia. It handles more than $2.5 billion USD in premium on behalf of numerous insurance carriers, through a large network of more than 25,000 active insurance agents and brokers. With deep, specialized underwriting expertise, the company provides a wide range of insurance coverage - from specialty property and casualty and Professional Liability insurance to group and retiree benefits. Victor Insurance is committed to building on 60-plus years of experience to develop products that address risk in new and evolving areas. For more information, visit www.victorinsurance.com
Victor is seeking candidates for the following position based in the Bethesda, MD office. This role is also open to being remote.
Professional Liability Underwriting Manager
The Professional Liability department is currently operating a Real Estate Liability Program(E&O) that consists of 8 underwriting professionals focused on a variety of classes of business including but not limited to property managers, real estate agents, title agents, developers, and construction managers. The ideal candidate likes challenges, opportunities to develop innovative approaches, and can lead a highly experienced team of underwriters.
What can you expect?

• To become a team leader of a foundational program within Victors Professional Liability Practice.
• Within the first 30 days you will need to quickly gain an in-depth understanding of the operational process, program rules, and engage with the underwriting team. Within 60 days you will have analyzed data sets regarding budget, workflow, distribution, and P&L. Within 90 days you will begin to enact corrective actions where necessary and begin long term planning to achieve financial results.
• Join a growing team of seasoned industry professionals.

What is in it for you?

• A company with a strong brand, with experience developing solutions for today's and tomorrow's toughest challenges
• A culture of internal mobility, diversity, inclusion, and collaboration
• Employee Resource Groups which provide access to leaders, relevant volunteer and mentoring opportunities, and interactions with counterparts in industry groups and client organizations
• Flexible work opportunities for work/life balance
• Competitive pay and a full benefits package, starting Day 1 (Medical, Dental, Vision, Short- and Long-Term Disability and Life Insurance, Employee Stock Purchase program, and a generous paid time-off allowance); plus a fixed company contribution AND a company match on your 401k, after one year of service

We will count on you to:

• Manage an existing team of Real Estate Professional Liability underwriters to retain renewal business and drive new business to achieve budgeted goals.
• Guide and direct an outsourced team that provides support to the underwriting team.
• Position strategy to our carrier and brokers to in order to achieve retention, rate and profit objectives.
• Evaluate program for trends, variances, and opportunities.
• Communicate budget, staffing, and product updates regularly to senior management.
• Identify market trends to ensure product viability regarding pricing and coverage while maintaining focus on long term program profitability.
• Develop and execute strategies for training, mentorship, and development of direct reports.
• Oversee adherence to underwriting guidelines and company requirements.
• Actively engage and motivate the team to drive underwriting results.

What you need to have:

• BS/BA Degree Preferred
• 8+ years of Professional Liability Underwriting experience.
• Strong analytical aptitude and critical thinking as demonstrated through work assignments
• P&C license mandatory, or ability to obtain
• Proficient skills in Excel, Word, PowerPoint, Adobe Acrobat, & PAS/Underwriting systems

What makes you stand out?

• The team dynamic is critical and we're looking for someone who wants to operate in a collaborative environment while owning accountability over the directional management of the Real Estate portfolio.
• Ability to build strong relationships and build rapport with internal colleagues, brokers and carriers
• Ability to communicate effectively both upstream and to direct reports.
• Ability to educate and influence beyond primary scope
• Detail orientation and a desire to learn
• Resourcefulness with the ability to bring solutions and ideas to the firm.
• Being a part of a collaborative team to make an immediate impact while handling multiple priorities with competing deadlines.

Marsh McLennan (NYSE: MMC) is the world's leading professional services firm in the areas of risk, strategy and people. The Company's 85,000 colleagues advise clients in 130 countries. With annual revenue of over $20 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses. Marsh provides data-driven risk advisory services and insurance solutions to commercial and consumer clients. Guy Carpenter develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. Mercer delivers advice and technology-driven solutions that help organizations redefine the world of work, reshape retirement and investment outcomes, and unlock health and well being for a changing workforce. Oliver Wyman serves as a critical strategic, economic and brand advisor to private sector and governmental clients. For more information, visit marshmclennan.com, or follow us on LinkedIn and Twitter.
Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting TANA@mmc.com.
Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local based teams will identify at least one "anchor day" per week on which their full team will be together in person. office or working onsite with clients at least three days per week. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person.
#Bethesda - Hybrid work
VicUS#
The applicable base salary range for this role is $95,900 to $204,500.
The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.
We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.