Life Sciences Regional Underwriting Director - Medmarc at Proassurance in Birmingham, Alabama

Job Description:

An exciting opportunity exists to join the ProAssurance family of companies!




Our mission is powerful and simple: We protect others. Choosing a place to apply your talents is an important decision for anyone. You have plenty of options. Why choose ProAssurance?




At ProAssurance, we sell a pledge, and that pledge is delivered by our team members. We are seeking individuals who value integrity, leadership, relationships, and enthusiasm-and want to build their career with a great company where they can be their authentic self and feel valued, recognized, and rewarded for their contributions. ProAssurance specializes in healthcare professional liability, products liability for medical technology and life sciences, legal professional liability, and workers' compensation insurance. We are an industry-leading specialty insurer operating in all 50 states, with in-office, hybrid, and remote job opportunities around the country.



This position supports our life sciences line of business, Medmarc, and can be fully remote. Candidates should be located near a major airport in order to meet the business needs of the position. Preference is for this position to be based in the EST or CST time zones, but we will consider well-qualified candidates located elsewhere in the contiguous US.



Job Summary:



The primary responsibility of the Regional Underwriting Director (the "Director") is to work with the Underwriting Department (or "the Department") leadership to execute on the Department's strategic initiatives and financial goals in support of the company's revenue and profitability objectives and business plan. This position is responsible for the overall production results for the Northeast and Midwest territories (or "the Region"). The Director's primary focus is to grow the Region's production pipeline, including by developing a production strategy for the Region, identifying new production sources, developing relationships with key brokerages, and capturing new business. The Director will also be responsible for retaining business and will personally handle renewal of the Region's largest and most complex accounts. Additional responsibilities include management oversight of the underwriting team that handles the day-to-day underwriting activities in the Region. The Director will guide the underwriting team consistent with the production strategy for the Region, advise on broker-relationship management, and assist with underwriting select accounts. Though the emphasis is on growth, the Director must enforce Medmarc's underwriting standards and rules with the Region's underwriters to ensure the long-term profitability of the book.



Essential Duties and Responsibilities:



40% - Business Production Management and Oversight:

• Leads business production efforts and responsible for overall production results of the Region.


• Develops a strategy to build a production pipeline for the Region that supports long-term growth and profitability objectives.


• Focuses on building relationships with life sciences brokers to ensure new business submissions and retention of existing business.


• Identifies new production sources and target accounts.


• Coordinates production activities of the Region's team members, including by leading broker outreach efforts and assisting team members with planning and conducting broker visits and events.

30% - Underwriting Team Management and Leadership:

• Manages the Region's underwriters and directly oversees the day-to-day operations of the assigned unit.


• Responsible for the career development of the Region's underwriters and mentors and provides guidance, support, and growth opportunities.


• Assigns staff to special projects and oversees workflow and workload.


• Works alongside senior leadership to develop and execute operational objectives, strategic priorities, and monitor revenue and expense budgets for the Region.


• Participates in hiring new staff and facilitates or conducts orientation for new team members.


• Responsible for the performance management process for the Region's underwriters.


• Monitors market conditions and industry trends and recommends strategy changes to the Vice President of Underwriting Operations & Risk Management.

20% - Management of the Region's Book of Business:

• Underwrites an assigned book of select accounts.


• Within approved authority, analyzes risks for new and renewal business in support of the company's underwriting objectives.


• Makes decisions in support of profitability about accepting, modifying, or declining all new and renewal business within the timelines set by regulatory and underwriting guidelines.


• Coordinates with other departments within the company, such as Claims and Risk Management, to ensure the delivery of "value-added" services to insureds.

Secondary Responsibilities:



5% - Participates in or leads department, cross-departmental, and organization-wide projects as directed by management.


5% - Cultivates and develops high-quality internal and external working relationships by communicating with external stakeholders and other departments on a regular and timely basis as necessitated by business needs and company guidelines.



Qualifications:

• Bachelor's degree in life sciences, business, insurance, or a related field. Advanced degrees in these areas and insurance designations are preferred, or a minimum of eight years of related experience required for candidates without a degree.


• Minimum of eight years in a casualty environment with at least four years of experience in life sciences products liability required.


• A minimum of five years of leadership or supervisory experience is required.


• Completion of "Leadership That Works - Tier I" within 12 months of hire required.


• Must have strong organizational skills, attention to detail, and ability to manage competing priorities.


• Proficient knowledge and experience in Microsoft Office Suite.


• Ability to motivate, coach, train and develop staff.


• Willingness to travel, attend insurance and industry/business functions to promote and present a positive image of the Company.


• Ability to flex under tight deadlines and, at times, in a high-pressure environment.


• Excellent organizational, verbal, and written communication skills.


• Must be detail oriented and have strong analytical skills.


• This position requires up to 30% travel.

We are committed to providing a dynamic and inclusive environment where everyone can do their best work and grow personally and professionally.


For that reason, we partner with The Predictive Index (PI) - an organization equally committed to improving the working lives of people, to help us hire the best talent by providing additional insight about one's work style.


The position you applied to requires completion of two assessments prior to being scheduled to interview with a hiring manager. Completion of the assessments is not required in order for your application to be reviewed and to speak with a Talent Acquisition team member. These assessments are Behavioral and Cognitive (internal candidates will only receive the Behavioral assessment), and each assessment takes less than 12 minutes to complete.


After submitting your application, you will receive two emails from The Predictive Index inviting you to complete each of these assessments (please check your SPAM or Junk email folder if you do not see these emails in your inbox).



Position Salary Range$146,715.00 - $242,104.00The salary range displayed represents the entirety of the pay grade for this position. Most candidates will start in the bottom half of the range. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have, your location and comparison to other team members already in this role.




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