Regional Underwriting Manager

Company Overview

About Private Client Select Insurance Services, LLC (PCS):

PCS is one of the largest high net worth managing general underwriters in the market today. With a sole focus on families with $5m or more in assets, PCS provides complex insurance policies for individuals with complex needs. Private Client Select offers property and casualty personal insurance solutions and risk management services that meet the unique and complex needs of High-Net-Worth clients. We understand their passions and are committed to preserving the life that they have built.

PCS employs approximately four hundred staff members. The company has offices in New York, NY, St. Petersburg, FL, and Schaumburg, IL. PCS has a geographically diverse workforce and supports hybrid business-based flexibility.

About The Position:

The Regional Underwriting Manager will ensure execution of underwriting strategies and be accountable for the profitability of the business for their assigned territory/region. Manages the planning and monitoring of work, development of staff underwriting skills, and ensures adherence to underwriting guidelines.

Key Responsibilities:

• Manage & mentor underwriting staff responsible for a portfolio of US home and auto Private Client Group business in given territory.
• Leads a culture of underwriting excellence. Instill a culture of accountability by setting clear expectations, measuring results, rewarding the right behavior and addressing consequences. Develop and maintain a performance management culture by setting standards and measures for the selection, hiring assessment and development of talent.
• Contributes to the ongoing execution of Private Client’s strategy to deliver growth, profitability, operating targets and maximization of shareholder value.
• Balance and enhance local broker relationships, leveraging the strength of Private Client Group.
• Ensure execution of short and intermediate term strategies within the assigned region that are aligned with long-term goals through adaptation, innovation, and risk selection to maximize ROE, improve profit and maintain market leadership.
• Handle referrals within stated authority.
• Ensures that appropriate underwriting guardrails are in place for the business.
• Drive consistent underwriting best practices and guidelines across the region to ensure rating, pricing and structuring adequacy of the business.
• Plan, manage, and evaluate work of underwriters; make decisions regarding employee pay, performance management, development, employment, and staffing levels.
• Ensure collaboration across the organization to maximize, deliver, and consistently harness the PCG value proposition to the marketplace.
• Assist with audits, quality reviews, and peer reviews, including implementation of action steps to improve underwriting results and implement governance strategies.
• Drive a culture that promotes collaboration, innovation, diversity and inclusion; successfully conduct talent acquisition, employee engagement and performance monitoring/evaluation work; lead through example.

Leadership Skills:

• Talent assessment and development for bench strength and succession planning.
• Proven collaborative leadership skills.
• Strong influencing and communications skills and ability to work across multiple areas of company and industries.
• Change management and team leadership.

Technical Skills & Experience:

• Minimum of 5 years of staff management.
• Minimum 5 years of High-Net-Worth Personal Insurance experience. Advanced knowledge of personal insurance products, including product features, forms, regulatory environment, and risks.
• E&S license required (or ability to obtain within 90 days of hire).
• Strong ability to identify, analyze and solve problems as well as the ability to learn rapidly, adapt quickly to change, exercise influence, and manage and prioritize multiple concurrent projects.
• Ability to exercise judgment, negotiate and make sound business decisions effectively.
• Bachelor’s degree from a four-year college or university preferred.
• Understand regulatory and compliance processes.
• Must be able to forecast and budget accurately.
• Broad insurance industry experience.
• Analytical and quantitative skills.
• Knowledge of market segmentation, portfolio management, acquisition and distribution.
• Process and system skills.
• Technical underwriting experience with a broad view.
• Experience with Actuarial data and underwriting modeling techniques.

Location preference: The ideal candidate will live within a reasonable commuting distance of a PCS office to support regular on-site presence.

Equal Employment Opportunity Policy:

PCS values and is fully committed to diversity and inclusion. It is the policy of PCS not to discriminate against any applicant for employment, or any employee because of age, color, sex, disability, nation of origin, race, religion, sexual orientation, gender identity, or veteran status.