AVP & Chief Underwriting Manager-Liability Lines Job Description Template
The AVP & Chief Underwriting Manager-Liability Lines will oversee the liability underwriting team and processes, ensuring appropriate risk assessment and underwriting standards. This position plays a key role in driving profitability and growth within the liability insurance portfolio.
Responsibilities
- Develop and implement underwriting strategies for liability lines.
- Manage the day-to-day operations of the liability underwriting team.
- Ensure compliance with regulatory and company standards.
- Review and approve high-value or complex underwriting decisions.
- Monitor and analyze underwriting performance metrics and adjust strategies as needed.
- Collaborate with other departments to support business objectives.
- Lead, mentor, and train the underwriting team.
Qualifications
- Bachelor's degree in finance, business, or a related field.
- Minimum of 8-10 years of underwriting experience in liability lines.
- Proven leadership and team management experience.
- Strong understanding of underwriting principles and risk assessment.
- Excellent analytical and decision-making skills.
- Effective communication and interpersonal skills.
Skills
- Underwriting
- Risk Assessment
- Leadership
- Financial Analysis
- Compliance
- Insurance Industry Knowledge
- Strategic Planning
- Team Management
- Microsoft Excel
- Data Analysis
Frequently Asked Questions
An AVP & Chief Underwriting Manager-Liability Lines is responsible for overseeing the underwriting process of liability insurance products. This role involves evaluating risks, setting underwriting guidelines, and ensuring that policies are aligned with company objectives. The manager works closely with teams to develop competitive liability insurance solutions and maintains strong relationships with clients and brokers to secure new business opportunities.
To become an AVP & Chief Underwriting Manager-Liability Lines, candidates typically need a bachelor's degree in finance, business, or a related field. Extensive experience in underwriting and managing insurance liability products is essential. Advanced certifications in insurance, such as a Chartered Property Casualty Underwriter (CPCU) designation, can enhance career prospects. Leadership experience and strong analytical skills are also crucial for advancement to this senior role.
The average salary for an AVP & Chief Underwriting Manager-Liability Lines can vary based on factors such as location, experience, and the size of the company. Candidates in this role can expect a competitive salary that reflects their expertise and leadership responsibilities, along with bonuses, comprehensive benefits, and potential performance incentives typical of high-level positions in the insurance industry.
Qualifications for the AVP & Chief Underwriting Manager-Liability Lines position typically include a minimum of a bachelor's degree in insurance, finance, or a related discipline. Professional certifications such as CPCU or Associate in Commercial Underwriting (AU) are frequently required. Strategic leadership abilities, strong analytical skills, and in-depth knowledge of liability insurance products and regulations are crucial qualifications for this role.
Essential skills for an AVP & Chief Underwriting Manager-Liability Lines include strong analytical abilities, leadership skills, and excellent communication. Key responsibilities involve setting underwriting policies, managing teams, assessing complex risks, and driving the profitability of liability insurance products. The role also requires strategic planning and relationship management to adapt to market changes and client needs effectively.