Company Details
Vela Insurance Services provides specialized Excess and Surplus Lines Casualty and Professional Liability insurance solutions in the following four market segments.: Construction, Specialty Casualty, Velocity Smal Business & Professional Liability. We offer national service and local knowledge to our exclusive wholesale broker network and the businesses they serve.
The Company is an equal employment opportunity employer.
Responsibilities
This position will develop, grow, and maintain a book of business for an assigned territory; and include additional responsibilities that assist the Underwriting Leadership in the overall execution of the strategy for the segment. Products include: Primary and Excess Professional Liability, including related primary General Liability and Cyber coverages.
Responsibilities also include the performance management of team members to achieve both individual and team goals. Based on the individual skill set of team members, the Team Lead will mentor, coach as needed to oversee broker and portfolio management to achieve the profitable growth required by the company.
- Adhere to underwriting authority level as per on file with Manager for self and team members.
- Ensure that the team gathers underwriting information to properly evaluate commercial risks for acceptability within company guidelines. Underwrite for profit.
- Manage the performance of team members though formal feedback, salary administration, improvement action plans as needed.
- Meet/Exceed production, profitability, and service targets.
- Ability to research and solve more complicated problems and make decisions.
- Adhere to the guidelines to determine proper coverages and pricing.
- Review claims and loss information on individual risks. Use this information to identify and re-evaluate accounts and develop strategies for dealing with exposures and frequency issues.
- Manage the portfolio profitability and identify favorable and unfavorable classes of business.
- Maintain quality and time standards as established.
- Be informed/knowledgeable of industry issues and activities through formal educational processes to develop all skills for yourself and team.
- Assist team members with managing broker relationships to meet new and renewal business objectives.
Qualifications
- Four (4) year College Degree, or commensurate experience and training.
- Professional Insurance designations preferred: RPLU, CPCU, CRIS, ASLI, AU, CPLP.
- Minimum of ten years' commercial lines underwriting experience.
- Advanced-level knowledge of insurance products/coverage, market segment and marketplace: non-admitted and excess Miscellaneous Professional Liability
- Ability to apply underwriting/appetite, tools, systems, and resources to achieve goals, solve complex problems for own portfolio and that of a team.
- Ability to establish and build healthy working relationships, lead mentoring relationships, and provide coaching to staff.
Additional Company Details We do not accept any unsolicited resumes from external recruiting firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. Sponsorship Details Sponsorship not Offered for this Role