Overview
A Portfolio Risk Solutions (PRS) Underwriter has responsibility to manage, monitor, expand, and optimize HSB’s portfolio products for assigned Client Companies, with a focus on achieving Profit and Growth targets. This role supports a key strategic initiative to profitably grow our business acting as a catalyst to new product implementations and performance management of existing client companies. The PRS Underwriter becomes the thought leader with Clients, bringing innovative solutions utilizing HSB’s data, products & services, and works to tactically deploy HSB’s capabilities to optimize and enhance client partnerships.
Responsibilities
Working closely with Product Managers and with oversight from the Underwriting Lead, deploy creative approaches for data analysis (including but not limited to diagnostic and predictive analytics) to understand and optimize product performance.
Use analytical approaches to design strategies for corrective action to ensure rate adequacy, appropriate price segmentation, and detection of leading loss trends; analyze claims, engineering, expenses, exposure data/profile shifts, pure premium trends, and third-party exposure data.
Deliver powerful client presentations (externally) to communicate financial results, data analysis, rate analysis, and emerging loss trends.
Serve as the technical expert for both Clients and the Client Integration Team.
Have underwriting binding authority to independently make underwriting decisions that drive the portfolio’s financial results and impact the business P&L.
Maintain product knowledge for all HSB PRS products with a focus on supporting products, services, and enhancements for each product; strive to achieve a deep understanding of coverage and communicate the value of products to existing and prospective clients.
Qualifications
Bachelors or equivalent work experience required.
5+ years of P&C insurance/reinsurance experience or other applicable relevant work experience required.
3+ years in underwriting preferred.
Demonstrated understanding of commercial and personal lines insurance and reinsurance coverage, concepts, principles, exposures and processes to drive profitable results.
Demonstrated ability to translate large data analysis into actionable decisions.
Demonstrated understanding of rate development (pure premium), price segmentation, and detecting leading loss trends.
Past experience with responsibility for achieving profit and growth targets for a book of business.
Demonstrated experience with negotiation and conflict resolution.
Exhibited ability to develop creative and unique solutions.
HSB Product knowledge and familiarity with HSB is desired.
Knowledge and Skills
Financial Statement (Business Finance) knowledge and analysis.
General insurance/reinsurance industry knowledge.
Presentation Skills.
Strong interpersonal, written and verbal communication skills.
Portfolio analysis.
HSB Product knowledge.
Organization and time management skills.
Consultative and strategic negotiation skills.
Strong project management skills to manage multiple concurrent projects and issues.
PC skills (Excel, PowerPoint, Power BI, and Word).
Detail-oriented.
Action-oriented with strong analytical, actuarial skills, statistical analysis, innovation, and persuasion skills to influence change.
Naturally curious and inquisitive to identify issues and solve problems; resourceful to research issues, assemble support, and recommend creative underwriting solutions.
EEO and Office Culture At The Hartford Steam Boiler, 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.
Equal Opportunity We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.
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Responsibilities
Working closely with Product Managers and with oversight from the Underwriting Lead, deploy creative approaches for data analysis (including but not limited to diagnostic and predictive analytics) to understand and optimize product performance.
Use analytical approaches to design strategies for corrective action to ensure rate adequacy, appropriate price segmentation, and detection of leading loss trends; analyze claims, engineering, expenses, exposure data/profile shifts, pure premium trends, and third-party exposure data.
Deliver powerful client presentations (externally) to communicate financial results, data analysis, rate analysis, and emerging loss trends.
Serve as the technical expert for both Clients and the Client Integration Team.
Have underwriting binding authority to independently make underwriting decisions that drive the portfolio’s financial results and impact the business P&L.
Maintain product knowledge for all HSB PRS products with a focus on supporting products, services, and enhancements for each product; strive to achieve a deep understanding of coverage and communicate the value of products to existing and prospective clients.
Qualifications
Bachelors or equivalent work experience required.
5+ years of P&C insurance/reinsurance experience or other applicable relevant work experience required.
3+ years in underwriting preferred.
Demonstrated understanding of commercial and personal lines insurance and reinsurance coverage, concepts, principles, exposures and processes to drive profitable results.
Demonstrated ability to translate large data analysis into actionable decisions.
Demonstrated understanding of rate development (pure premium), price segmentation, and detecting leading loss trends.
Past experience with responsibility for achieving profit and growth targets for a book of business.
Demonstrated experience with negotiation and conflict resolution.
Exhibited ability to develop creative and unique solutions.
HSB Product knowledge and familiarity with HSB is desired.
Knowledge and Skills
Financial Statement (Business Finance) knowledge and analysis.
General insurance/reinsurance industry knowledge.
Presentation Skills.
Strong interpersonal, written and verbal communication skills.
Portfolio analysis.
HSB Product knowledge.
Organization and time management skills.
Consultative and strategic negotiation skills.
Strong project management skills to manage multiple concurrent projects and issues.
PC skills (Excel, PowerPoint, Power BI, and Word).
Detail-oriented.
Action-oriented with strong analytical, actuarial skills, statistical analysis, innovation, and persuasion skills to influence change.
Naturally curious and inquisitive to identify issues and solve problems; resourceful to research issues, assemble support, and recommend creative underwriting solutions.
EEO and Office Culture At The Hartford Steam Boiler, 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.
Equal Opportunity We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.
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