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The Hartford Chief Underwriting Officer - Wholesale Excess Casualty in Morristown, New Jersey

Chief Underwriting Officer - UC04BE

We’re determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals – and to help others accomplish theirs, too. Join our team as we help shape the future.

Reporting to the Head of Excess Casualty Wholesale, the Chief Underwriting Officer (CUO) will operate in a key senior leadership role holding the highest-level underwriting authority for Excess Casualty Wholesale. The CUO will directly manage multiple facets of the Excess line business, as well as provide leadership for various projects of critical strategic importance, including oversight for rating and pricing strategy, referral underwriting authority, establishment of underwriting guidelines, loss control, quality and training. This role has direct accountability for driving underwriting policy and performance, underwriting quality, appetite guidance and overall underwriting excellence for all Excess Casualty products. The CUO works in partnership with the P&L owners to ensure that results are achieved consistent with the objectives outlined in the segment operating plans and line of business strategies. Further it will maintain strong cross-functional partnership with many key areas including P&L owners, Claims, Actuarial, Treaty, Human Resources, Operations and Finance. Moreover, the external distribution and client base is critical in this position, and he/she will help drive the business for the unit.

Specific Responsibilities:

Underwriting Excellence:

Overall underwriting strategy for maintaining and ensuring the quality and integrity of underwriting decisions for Excess Casualty. Establishes underwriting policy and oversees the referral process in support of field-based underwriting operations. Provides direction and feedback on development and communication of underwriting policies. Creates strategic and operating initiatives to drive top and bottom-line results.

  • Develops and Sets Underwriting Strategy to achieve sustained and profitable growth across diverse product offerings in various industry verticals within the unit.

  • Partners with Business Function Partners to implement and monitor underwriting policy, develop and communicate new practices and processes, assist field personnel in understanding corporate policy and provide technical expertise.

  • Establishes and Communicates Underwriting Guidance: From a broad view of the market, oversee the establishment and/or modification of underwriting policy, guidelines, and appetite.

  • Leads and engages with the other Practice Leaders to drive training and development initiatives, including specialization strategies throughout the unit.

P&L

Brings deep understanding of the Excess Casualty business. Able to translate that understanding to a clearly articulated strategy for internal teams and external audiences. Analyzes financial performance of the various industry verticals and products for Excess Casualty. Identifies trends in performance to set future strategy and develop recommendations for improvement as needed. Reviews countrywide results to evaluate execution in the field and recommend/implement corrective actions as needed to address identified issues. Works closely with Field Leadership to garner full view and understanding of external marketplace trends, anticipates customer needs, and recommends pro-active actions for product, appetite and process with full external focus.

Qualifications:

  • Bachelor’s degree required; MBA or other insurance designation preferred

  • Fifteen years of relevant underwriting experience

  • Broad spectrum of product experience in the E&S space

  • Proven record of success developing and implementing strategies for profitable growth

  • Experience with successful P&L ownership; sound financial acumen

  • Knowledge and experience with setting and driving an operating plan

  • Team player with outstanding inter-personal, negotiation skills and organizational skills.

  • Excellent stakeholder/relationship management skills

  • Able to role model behaviors and ethics

  • Articulates expectations to connect all employees to the overall strategy. Effectively communicates big picture and clear plan to execute

  • Applies sound judgment, relevant information and good instincts to make, support and implement high quality, timely decisions

This role can have a Hybrid or Remote work arrangement.  Candidates who live near one of our office locations , will have the expectation of working in an office 3 days a week (Tuesday through Thursday).   Candidates who do not live near an office will have a remote work arrangement, with the expectation of coming into an office as business needs arise.

Compensation

The listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role. The base pay is just one component of The Hartford’s total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition. The annualized base pay range for this role is:

$229,040 - $343,560

Equal Opportunity Employer/Females/Minorities/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age

About Us (https://www.thehartford.com/about-us) | Culture & Employee Insights (https://www.thehartford.com/careers/employee-stories) | Diversity, Equity and Inclusion (https://www.thehartford.com/about-us/corporate-diversity) | Benefits (https://www.thehartford.com/careers/benefits)

Human achievement is at the heart of what we do.

We believe that with the right encouragement and support, people are capable of achieving amazing things.

We put our belief into action by ensuring individuals and businesses are well protected, and by going even further – making an impact in ways that go beyond an insurance policy.

Nearly 19,000 employees use their unique talents in careers that span a variety of disciplines – from developing the latest technology to creating and promoting our products to evaluating future financial risks.

We’re also committed to programs that drive education and support volunteerism, which put human beings first. We do it because it’s the right thing to do, and because when our customers, communities and employees succeed, we all do.

About Us (https://www.thehartford.com/about-us)

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