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Regional Underwriting Manager in Minnetonka, MN at Tokio Marine HCC

Date Posted: 7/23/2018

Job Snapshot

Job Description

Position Summary:


Makes underwriting recommendations and decisions to protect the financial assets of the company and the carrier. Recommends strategies and objectives for the region, coordinating with all organizational goals and standards. Accountable for performance and attainment of profit goals of assigned Underwriting staff within the region.


Key Responsibilities:


Relying on advanced knowledge and strong leadership skills, the Regional Underwriting Manager is accountable for the following responsibilities:


  • Manage the daily underwriting of the assigned Underwriters and Support staff on a regional team. This includes, but is not limited to, reviewing attachment points over one million, signing-off on Underwriter discretion, acting as a resource for underwriting questions, managing the work flow, monitoring close/loss ratios for Underwriters and matching up Underwriter/Producer relationships.
  • Complete requests for proposal (RFPs) in a timely manager and follow-up for status and competitive numbers. Quote at least 66% of RFPs received.
  • Assist Regional Underwriters in meeting annual goals for profitability, renewal retention, revenue growth, and new business production. (Must keep loss ratio under 100% while striving for a closing ratio of 10%.)
  • Work with producers directly as their management/expert resource to resolve problems and answer any high-level questions. Respond appropriately and in a timely manner to service requests.
  • Conduct on-site visits to producers to maintain and continue development of relationships with an emphasis on the underwriting procedures and philosophies to clients and staff.
  • Work closely with Marketing to develop new relationships, review and manage existing relationships, and assign Underwriters based on a fit of new and existing relationships.
  • Work with Information Systems to enhance the underwriting and policy maintenance systems within the Company.Planning
  • Develop and implement short-term plans to improve business processes for designated area.
  • Provide information on resources and capabilities for the development of longer-term plans.Communication
  • Communicate team or group plans or results at all organizational levels.
  • Prepare written and verbal presentations that educate and inform on area of responsibility/expertise.Cost Management
  • Lead business process improvement for designated area.
  • Develop and is accountable for budget of work unit or department.
  • Perform cost benefit analyses for designated area.Business Controls and Policies
  • Comply with all corporate policies and procedures.
  • Identify control objectives for designated function and implement cost-effective controls designed to meet those objectives.
  • Test controls to determine if they are performing as intended.People Management
  • Has full HR responsibility for direct reports including making hiring decisions, training, coordinating work, establishing standards, reviewing work, conducting performance appraisals, and providing coaching or counseling.



Job Requirements

Position Knowledge, Skills, and Requirements:



  • Bachelor's degree in Business Administration, a related field, or the equivalent education and/or experience
  • Master's degree preferred
  • Certified Employee Benefits Specialist (CEBS), Fellow of the Life Management Institute (FLMI), or Chartered Life Underwriter (CLU) designation(s) preferred.


  • Minimum of eight years of relevant and progressive experience in area of specialization
  • Minimum of five years of leadership experience



  • Ability to read and interpret documents such as plan of benefits, bid specifications, claim reports, and procedural manuals
  • Possess and have ability to apply advanced knowledge of principles, practices, and procedures
  • Excellent written and verbal communications skills with an emphasis on confidentiality, tact, and diplomacy
  • Superior organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously
  • Knowledgeable of industry changes, legal updates, and technical developments related to applicable area of the Company’s business to proactively respond to changing business environment
  • Advanced proficiency and experience using Microsoft Office package (Excel, Access, PowerPoint, Word)


Working Conditions and Physical Demands:

  • Overtime hours may be required to fulfill job responsibilities
  • May require travel outside normal work location
  • May require a valid driver’s license
  • May be required to stoop, bend, or sit for extended periods of time
  • May be required to lift up to 10 pounds
  • Dexterity of hands and fingers to operate a computer keyboard, mouse, and other devices
  • Close vision and ability to adjust focus; required to read a computer screenNote: This document is intended to describe the general nature and level of work being performed, and is not to be construed as an exhaustive list of all responsibilities, duties, and skills required for the job.


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