Why MSI? We thrive on solving challenges. As a leading MGA, MSI combines deep underwriting expertise with insurer risk capacity to create specialized insurance solutions that empower distribution partners to meet customers’ unique needs. We have a passion for crafting solutions for the important risks facing individuals and businesses. We offer an expanding suite of products – from fully-digital embedded renters coverage to high-value homeowners insurance to sophisticated commercial coverages, such as cyber liability and habitational property – delivered through agents, brokers, wholesalers and other brand partners.
Our partners and customers count on us to deliver exceptional service through a dedicated team that makes rapid resolutions a priority. We simplify the insurance experience through our advanced technology platform that supports every phase of the policy lifecycle. Bring on your challenges and let us show you how we build insurance better.
The Property Underwriting leader will oversee the underwriting strategy for the commercial property risk portfolio, focusing on driving profitable growth, managing risk exposure, and maintaining excellent relationships with our agency partners. This executive role requires a deep understanding of commercial insurance products, market trends, reinsurance, and underwriting best practices. You will collaborate closely with technology and cross-functional teams to support underwriting platform development, rater development and management, optimize underwriting guidelines, and lead the implementation of cutting-edge technologies in an agile environment.
Key Responsibilities:
- Lead and manage a team of underwriters, fostering a culture of excellence, collaboration, and continuous improvement.
- Drive production growth by building strong relationships with agency partners and leveraging market insights to capitalize on new business opportunities.
- Monitor the performance of the insurance portfolio, taking proactive corrective action to maintain a balanced spread of risk and ensure profitability.
- Participate in reinsurance marketing efforts, partnering with brokers and reinsurers to develop optimal reinsurance structures that support the company’s strategy.
- Lead the development and launch of new commercial insurance programs, working with business unit leader, product, marketing, and actuarial teams to bring solutions to market.
- Partner with the technology team to manage the implementation of underwriting and risk assessment tools in an agile environment, ensuring seamless integration and adoption by the underwriting team.
- Provide subject matter expertise on policy language, rating, and underwriting guidelines, ensuring adherence to industry standards and regulatory requirements.
- Own reinsurance bordereau review and approval.
- Collaborate with cross-functional teams, including claims, compliance, and actuarial departments, to ensure consistency and alignment in underwriting practices and risk management.
- Stay informed on industry trends, regulatory changes, and market dynamics, providing strategic recommendations to senior leadership on business growth and risk management opportunities.
Qualifications:
- Bachelor's degree in Business, Finance, Insurance, or related field; MBA or CPCU designation preferred.
- Minimum of 10-15 years of commercial underwriting experience, with at least 5 years in a senior leadership role.
- Strong understanding of commercial insurance products, underwriting guidelines, policy language, and rating systems.
- Proven track record in building and managing successful underwriting teams, with a focus on driving profitable growth.
- Experience in reinsurance, including familiarity with reinsurance treaties, facultative placements, and negotiation with reinsurers.
- Demonstrated ability to manage complex portfolios, monitor risk exposures, and implement corrective actions to optimize performance.
- Excellent communication and relationship-building skills, with the ability to engage and influence internal and external stakeholders at all levels.
- Strong strategic and analytical mindset, with a proactive approach to solving complex business challenges.
Skills Required:
- Leadership and team management
- Strong analytical and decision-making abilities
- Deep understanding of risk management and underwriting practices
- Ability to communicate effectively with agencies and brokers
- Expertise in reinsurance structures and negotiations
- Familiarity with agile technology implementation
- Excellent organizational and project management skills
- Strong collaboration and cross-functional team engagement
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