Hybrid VP, Underwriting

at Hiscox

• Job title: VP, Underwriting
• Job type: Full Time
• Experience level: Lead
• Salary: $200,000 - $250,000 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Boston, United States

About the role

• VP, Corix Underwriting responsible for managing underwriter talent and executing profitable growth strategies at Hiscox. Leading sales and portfolio management with a focus on organizational performance.

Responsibilities

• Develop a strong and high performing team
• Participate in the identification and hiring of underwriting talent.
• Train new Underwriters, and coordinate with others, to establish training to optimize growth and loss ratio performance of the underwriting team
• Provide continual coaching and feedback to a team of high-performing Vertically focused Underwriters for the Corix business
• Drive underwriting strategy and underwriting guidelines
• Manage the team and business to key underwriting KPIs, such as quote rates, bind rates, renewal rate change, etc.
• Oversee and be accountable for the Corix business P&L
• Act as key lead in identifying and executing profitable expansion opportunities
• Actively manage renewal workflows nationally and drive favorable outcomes on a proactive basis
• Collaborate with insurance innovation, CUO, product, actuarial, claims and marketing

Requirements

• Eight or more years of insurance underwriting experience in multiple commercial P&C lines of business, management liability and/or cyber and E&O preferred
• 5 - 8 years of experience in a team lead role / managing a team of underwriters
• Proven track record of sale experience - working with brokers, developing and expanding a book of business;
• Exemplary sales skills which include pipeline, prospecting, negotiating, and closing.
• Strong portfolio management experience.
• Strong wholesale and retail broker relationships, preferred in tech and/or life sciences
• B.A./B.S degree in Business, Finance, Economics, Risk Management or a related field is preferred
• A professional underwriting designation is preferred e.g. CPCU, RPLU.

Benefits

• 401(k) with competitive company matching
• Comprehensive health insurance, vision, dental and FSA plans (medical, limited purpose, and dependent care)
• Company paid group term life, short-term disability and long-term disability coverage
• 24 Paid time off days plus 2 Hiscox days, 10 paid holidays plus 1 paid floating holiday, and ability to purchase up to 5 PTO days
• Paid parental leave
• 4-week paid sabbatical after every 5 years of service
• Financial Adoption Assistance and Medical Travel Reimbursement Programs
• Annual reimbursement up to $600 for health club membership or fees associated with any fitness program
• Company paid subscription to Headspace to support employees’ mental health and wellbeing
• Spirit of volunteerism, social responsibility, and community involvement, including matching charitable donations for qualifying non-profits via our sister non-profit company, the Hiscox USA Foundation