SVP Underwriting, Head of Professional Liability
Company: Argo AI
Location: New York
Posted on: April 30, 2024
Job Description:
Job Purpose: The SVP, Head of Professional Liability Argo Pro is
responsible for the creation, management, and oversight of Lawyers
and Accountants, Architects and Engineers, and MPL products
countrywide, including growth and pricing objectives, short and
long-term profitability management, implementing and executing
profitable growth initiatives, process innovation, staff management
and development, and strategic product guidance of Argo Pro's
professional liability underwriting. The role will be located in
New York or Chicago, with the preference being New York.
Responsibilities:
- Identify and support profitable new business and product
opportunities.
- Develop and maintain consistent underwriting best practices in
accordance with underwriting guidelines, to ensure rating, pricing,
profitability, and structuring adequacy;
- Develop and update forms and endorsements in conjunction with
GC and product development.
- Supervising regional management staff as it relates to
execution of growth, profit and loss.
- Participate in the acquisition process and assist with
integration.
- Identify strategic agencies and facilitate effective
partnerships with underwriting and marketing.
- Drive process implementation and underwriting strategies that
identifies profitable market opportunities and new product
development for the business units, including R & D and
coordination of shared services.
- Lead product and platform expansion.
- Establish and communicate production and profit related goals
including new business development, distribution platform
management, target loss ratios, policy count, hit ratios, renewal
retention.
- Provide leadership, mentoring and advice to division
staff.
- Proactively develop strategies and actions to resolve adverse
trends or deviations from established underwriting standards
identified through producer and account review audits.
- Develop and maintain effective relationships with distribution
community at a senior level on a national basis. Adds tangible
value to the composition of our current distribution
platform.
- Recruit and develop superior talent within the
organization
- Analyze profit and loss statements to make appropriate
strategic business decisions.
- Cultivate and maintain relationships within and outside Argo
Group to develop and drive new business opportunities.
- Take a lead role in promoting other Argo pro and AGII
products.
- Promote an environment that encourages self-motivation,
teamwork and collaboration.
- As necessary, work with reinsurers and reinsurance
intermediaries.
- Act as a role model demonstrating belief in, and commitment to,
the aspiration values of the Argo Group continuing to build and
lead a value-based organization committed to long-term
success.
- Management of relationships with all key stakeholders inclusive
of but not limited to Executive team, brokers, clients, auditors
and reinsurers;
- Works with the executive team to develop strategic and tactical
initiatives to reach the business unit's growth and profitability
targets;
- Maintain awareness of prevailing products and appetites in the
business marketplace.
- Continually seeks opportunities for niche products and
potential agent opportunities.
Qualifications: This individual is a highly motivated leader who
has an exceptionally strong aptitude for marketing and business
development. They possess the necessary underwriting expertise and
industry presence to lead Argo Pro's professional liability
business in meeting its strategic objectives.
- Bachelor's degree from an accredited university required.
Advanced education is a plus.
- Minimum of 15 years' experience in underwriting and/or product
management with extensive experience in the underwriting and
marketing of commercial products.
- Strategic skills - explores and understands trends,
opportunities and risks that could affect the business. Designs
alternative scenarios and business models. Comprehends the big
picture.
- Business planning - works with active underwriters to develop
their business lines. Ensures business lines remain within
authorized limits.
- Leadership skills - ability to provide clear, credible vision
and strategy; inspires others to follow
- Judgment/decision making skills - ability to use logic
rationally and objectively in decision making
- Excellent market and product knowledge - maintain and develop
market knowledge including competitor profiles and
products
- Relationship building - ability to establish and maintain
excellent relationships both internally and externally
- Communication - excellent oral and written communication,
persuasion, diplomatic and interpersonal skills
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Keywords: Argo AI, New York , SVP Underwriting, Head of Professional Liability, Accounting, Auditing , New York, New York
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