AVP BAR UNDERWRITING

Responsible for the operational underwriting of a mature, regional farm mutual reinsurance specialty portfolio and an emerging regional broker assumed reinsurance portfolio. Works collaboratively with the division leaders and other division teams to direct and monitor operational activities.  Accountable for the division underwriting profits and losses. Plans, directs, and oversees all underwriting activities relative to management of reinsurance portfolio. Ensures that policies, procedures, and programs align with the company's objectives, strategies, and expected results.

This position qualifies for our flexible workplace options. Work at our Grinnell, Iowa, headquarters or from a home office in any of the following states: Alabama, Arizona, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, Tennessee, Texas, Virginia, Wisconsin, and Wyoming. Please note that candidates must be eligible to work in the U.S. without Grinnell Mutual sponsorship.

• Manages, monitors, and builds a profitable portfolio of assumed reinsurance business and assists in developing, short- and long-range goals, strategies and processes.

• Oversees operational underwriting of property and casualty regional reinsurance business and helps the company deploy capital that maximizes profit. In this role the AVP develops broker and farm mutual partnerships and develops opportunities that will help grow the business profitably.

• Accountable for underwriting submissions and pricing reinsurance programs including Catastrophe XOL, Property Per Risk XOL, Quota Share, Aggregate XOL, ILW, and Multi Line XOL. Provides quotes and authorize on contracts. Identifies opportunities to best diversity portfolio. Works with catastrophe modeling and actuarial pricing teams to evaluate submissions.

• Coordinates review of contract wording and discuss with legal counsel. Negotiates contract terms with brokers. Operates within corporate risk guidelines with respect to property aggregates and occurrence limits.

• Develops objectives for annual underwriting business plan in support of company goals and marketing strategy.

• Establishes underwriting staff productivity standards and monitors quality assurance by reviewing management reports and reviewing portfolio audit reports.

• Responsibility for the profitability of the reinsurance division.

• Accountable for review of mutual partners and decisions regarding rates and contract renewals.

• Plans salary budget for team and submits request during planning time. Considers merit increases, promotional increases, and add to staff needs when making request. Adheres to set budget throughout fiscal year.

• Responsible for adhering to budget constraints. Ensures effective control of results and takes corrective action to achieve technology objectives within designated budgets.

• Responsible for decisions over all aspects of reinsurance underwriting to include strategic plans and implementation of strategic plans.

• Completes and leads significant projects, predictive analysis, and builds and maintains reinsurance relationships.

• Interacts with the brokers, company leaders, CEO and/or the Board of Directors

• All other duties as assigned.

• Bachelor's degree from an accredited college or university with ten (10) years of reinsurance related experience and a demonstrated skill set in best practices related to the reinsurance industry; or equivalent combination of education and experience. MBA preferred. Extensive experience working with brokers is preferred.

• Industry designations preferred (eg. ARe, CPCU, CFA, CPA, FCAS).

• Experience underwriting U.S. and regional accounts preferred.

• Experience with property reinsurance pricing methods including exposure and experience analysis for catastrophe and non-catastrophe perils.

• In-depth knowledge of third-party catastrophe modeling software products, their applicability to underwriting reinsurance business and evolution over time.

• Advanced experience with of Microsoft Excel and familiarity with simulation software applications.

• Contributes to Reinsurance strategic planning. Ensures integration with the strategic planning process, and the resulting business strategy and plans.

• Collaborates with leadership and business partners to define and execute the business strategy.

• Ability to consistently demonstrate a passion for the organization’s decisions and directions; builds support for and identification with the organization’s mission.

• Demonstrated ability to lead a high-performance team utilizing effective leadership skills and is a strong team player. Leads as a role model for division employees and the company, developing and communicating corporate goals.

• Demonstrates excellent verbal and written communication skills and ability to effectively communicate and instill confidence with peers and all key stakeholders.

• Establishes and maintains relationships with internal and external customers to ensure trust and respect are maintained while resources are fully utilized. Demonstrates professionalism, respect, and ability work cohesively with divisional teams and other business partners.

• Aptitude to make effective decisions and/or involve others in the decision-making process as needed to obtain information, generate alternatives, make the best selection, and ensure support/consensus when appropriate. Use personal judgment, experience, facts, and figures to resolve problems and make decisions.

• Cultivates a culture of continuous improvement within the division. Seeks opportunities to improve processes and improve efficiency.

• Remains current with industry trends, best practices, regulations, and profession. Applies knowledge to achieve optimal business results.

• Ability to maintain confidentiality of proprietary company, customer and client information.

• Ability to maintain regular and predictable attendance to meet the need of the business.

• Ability to adhere to the Fleet Safety Policy. Must maintain a valid driver’s license and travel to customer’s offices or meeting sites. Occasional overnight travel is required.

• Demonstrated ability to adhere to all Grinnell Mutual policies.

• Demonstrated ability to incorporate Grinnell Mutual core values in all areas work.

The salary range for the position is $155,000 - $269,650. For a list of benefits, click here.

To perform this job successfully, an individual must be able to perform each job duty and responsibility satisfactorily.  Reasonable accommodations may be made to enable individuals with disabilities to perform job duties and responsibilities.

• May required to work outside of core business hours in order to meet deadlines associated with the position. The work may be fast-paced, especially when managing multiple projects, when working with many types of individuals, or when faced with tight deadlines.

• The position can operate within a typical office setting located in an office or in a remote home office. The noise level in the work environment is usually moderate. The position requires an individual to sit for long periods of time. The position may require frequent and extended time on the telephone and visual acuity to work on the computer for extended periods of time.

• Ability to lift up to 10 pounds occasionally.

• Frequently works with all levels of employees throughout the organization. Most often the audience is division personnel, division heads, and periodically senior leaders.

• Frequent contact with the company’s customer force including the mutual managers and reinsurance brokers.

This job description is not intended to describe, in detail, the multitude of tasks that may be assigned, but rather to give the employee a general sense of the responsibilities and expectations of the position. As the nature of the business demands change, so too may the job duties and responsibilities.

Grinnell Mutual is an Equal Opportunity Employer in accordance with applicable state and federal laws.