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VP of Underwriting - West (Hybrid)

Selective Insurance
paid time off, tuition assistance
United States, Arizona, Scottsdale
6263 North Scottsdale Road (Show on map)
Dec 18, 2024
About Us At Selective, we don't just insure uniquely, we employ uniqueness. Selective is a midsized U.S. domestic property and casualty insurance company with a history of strong, consistent financial performance for nearly 100 years. Selective's unique position as both a leading insurance group and an employer of choice is recognized in a wide variety of awards and honors, including listing in Forbes Best Midsize Employers in 2024 and certification as a Great Place to Work in 2024 for the fifth consecutive year. Employees are empowered and encouraged to Be Uniquely You by being their true, unique selves and contributing their diverse talents, experiences, and perspectives to our shared success. Together, we are a high-performing team working to serve our customers responsibly by helping to mitigate loss, keep them safe, and restore their lives and businesses after an insured loss occurs. Overview Manage company underwriting policies, practices, procedures, and delegated authority. Responsible for premium and expense planning, underwriting pricing reviews, and performance analysis that provide for profitability and retention of business consistent with departmental, regional, and corporate objectives. May manage premium audit function. Responsibilities Ensures department's compliance with company's underwriting philosophy and procedures. Works with Field Operations Manager to prepare premium plan budget. Evaluates market conditions, line of business and segment profitability, retention, rate, diversification, and market planning to ensure profitable growth. Provides analysis of all premium plan budget variances. Identifies and implements needed actions. Prepares expense plan budget for department and monitors and controls department's expenses. Provides analysis of all expense plan budget variances. Identifies and implements needed actions. Participates with senior management in annual meetings, producer council meetings and internal conferences. Evaluates and gives guidance to staff on an ongoing basis as to their abilities and duties and makes personnel recommendations to insure proper and optimum use of personnel. Ensures continuous professional development of staff. Evaluates personnel for underwriting authority and insures they are in compliance with those authority levels. Maintains administrative records for management staff which includes performance and salary reviews, attendance and various production figures within the department. Works in collaboration with Director of Field Underwriting, Field Operations Manager, Actuarial & SBUs on all pricing reviews to ensure growth and profitability. Manages and directs underwriting actions to meet Decision Support goals. Communicates results to regional management team and staff. Develops strategies to assist region in meeting the objectives. Conducts agency visits as required by company standards. Must be able to drive an automobile to travel within territory. Car travel represents approximately 15% of employee's time. Establishes procedures and controls to ensure accomplishment of service standards. Mediates and resolves insurance department, agents, and consumer complaints. Qualifications Knowledge and Requirements Requires a strong analytical and financial acumen along with superior leadership skills. Travel 15% and must have valid state-issued driver's license in good standing and be able to drive an automobile. College degree preferred. 10+ years of recent insurer or commercial underwriting, or agency management experience. 5+ years of supervisory/management experience. Total Rewards Selective Insurance offers a total rewards package that includes a competitive base salary, incentive plan eligibility at all levels, and a wide array of benefits designed to help you and your family stay healthy, achieve your financial goals, and balance the demands of your work and personal life. These benefits include comprehensive health care plans, retirement savings plan with company match, discounted Employee Stock Purchase Program, tuition assistance and reimbursement programs, and paid time off plans. Additional details about our total rewards package will be provided during the recruiting process. The actual base salary is based on geographic location, and the range is representative of salaries for this role throughout Selective's footprint. Additional considerations include relevant education, qualifications, experience, skills, performance, and business needs. Pay Range USD $149,000.00 - USD $214,000.00 /Yr. Additional Information Selective is an Equal Employment Opportunity employer. That means we respect and value every individual's unique opinions, beliefs, abilities, and perspectives. We are committed to promoting a welcoming culture that celebrates diverse talent, individual identity, different points of view and experiences - and empowers employees to contribute new ideas that support our continued and growing success. Building a highly engaged team is one of our core strategic imperatives, which we believe is enhanced by diversity, equity, and inclusion. We expect and encourage all employees and all of our business partners to embrace, practice, and monitor the attitudes, values, and goals of acceptance; address biases; and foster diversity of viewpoints and opinions.