Job Description - AVP, Product Leader – Medical Professional Liability (UND000364)Job Description AVP, Product Leader – Medical Professional Liability-UND000364Description Job SummaryOfficer position responsible for providing overall underwriting excellence through management for the Medical Professional Liability product line.
Ensures effective management and implementation of strategic objectives and policies for the product line, in accordance with the company’s strategic plans.
In conjunction with senior management, works within the highest limits of authority.
Has company-wide product scope of responsibility.Essential Duties & ResponsibilitiesPerforms a combination of duties in accordance with departmental guidelines:May lead, direct and have full management accountability for staff in area of responsibility with an emphasis on talent management and succession planning in accordance with strategic direction.Collaborates with Underwriting, Product Counsel, and Claim to drive product development strategies and initiatives supporting business objectives and ensuring product modernity/competitiveness for a variety of medical professional liability sub-segments.Collaborates with Industry Leaders and other product line leaders to drive product priorities and to ensure product needs of the Healthcare Customer Segment are met.Collaborates with Business Services to guide underwriting system and workflow enhancements in support of efficiency and effectiveness of assigned product lines.Collaborates with business partners in Risk Control, Actuarial, Claim, Worldwide Operations and Compliance to address governance and compliance issues related to underwriting practices.Coaches, leads and develops underwriters and directs the development of coverage and associated exposure training.Participates with senior management in the development and implementation of underwriting policy, marketing and business strategy.Supports the achievement of continued profitability, growth and/or operational efficiencies for a product line through assessment of competitor product offerings, market appetite and emerging exposures/issues.Drives adherence to underwriting authority delegation, audit criteria and catastrophe management for assigned product lines.Provides guidance and direction in the development of underwriting and training tools.May take lead responsibility for position papers for emerging exposures/ issues when assigned.May maintain relationships with branches, brokers, agents and customers to assess risk tolerance, market appetite and emerging issues.May perform additional duties as assigned.Reporting RelationshipTypically VP and aboveSkills, Knowledge & AbilitiesIn-depth technical knowledge of underwriting theories and practices within the insurance field.Ability to effectively interact and communicate with all levels of external and/or internal business partners within scope of responsibility, team and/or matrix environment.Leadership and management skills, demonstrating the ability to influence, integrity and professionalism.Ability to drive results by identifying, and resolving problems within scope of responsibility.Knowledge of the healthcare industry, emerging exposures/issues and evolving models of care.
Knowledge of the insurance industry, its products and services.Knowledge of Microsoft Office Suite and other business-related software.Education & ExperienceBachelor’s degree with Master’s preferred in a related discipline, or equivalent.Prior Product Development Experience strongly preferred.Typically a minimum of 10 years of related work experience in medical professional liability claims or underwriting, with five years management experience.Chartered Property Casualty Underwriter (CPCU) or Registered Professional Liability Underwriter (RPLU) preferred.
Job UnderwritingPrimary LocationUnited States-Illinois-ChicagoOrganization USSPL-Product ManagementJob Posting Jul 26, 2019Unposting Date Ongoing