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Chief Executive Officer / Chief Underwriting Officer
Willis Group
New York, NY, United States
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Job Title: Chief Executive Officer/Chief Underwriting Officer
Location: New York, NY
The Company
Willis Towers Watson is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 40,000 employees serving more than 140 countries. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas – the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com.
The Business
Investment, Risk and Reinsurance
Our sophisticated approach to risk helps clients free up capital. We work in close concert with investors, reinsurers, and insurers to manage the equation between risk and return. Blending advanced analytics with deep institutional knowledge, we reveal new opportunities to maximize performance.
The Role
The Chief Executive/Underwriting Officer has primary and overall responsibility for all underwriting operations for the Professional Liability Group, ensuring that operational and financial performance, along with regulatory and technical standards, are met. The position provides expert in-depth knowledge, leadership, insight and direction to ensure that Program teams and associates achieve their objectives. The CEO/CUO will develop and deliver annual plans, as well as contribute to strategic business plans as a member of the Executive Leadership team.
Primary Responsibilities:
• Create, lead and direct strategy for the CEC underwriting platform to achieve operational and financial goals
• Contribute to the development of broader business goals, including new program development, through underwriting expertise
• Effectively administer carrier underwriting guidelines, including rate and form filings; achieve carrier profitability targets
• Set priorities, targets and standards (metrics) for underwriting Programs; review and evaluate the performance; provide feedback and calibrate as needed
• Ensure compliance with relevant internal and external standards (i.e. underwriting guidelines, regulatory requirements), and develop policies and practices to achieve compliance
• Maintain high levels of internal and external client contact to generate growth opportunities in collaboration with Program Managers and individual underwriters; attend association meetings, trade shows and conventions as necessary
• Manage and maintain excellent working relationships with insurance carrier partners; develop new carrier relationships when appropriate
• Build strong partnerships with stakeholders across the business unit in order to improve collaboration, identify opportunities to improve services and ensure client satisfaction
• Lead, inspire, motivate and develop a large, diverse team of underwriting professionals to maximize their performance, productivity and enhance the client experience
• Ensure the appropriate people strategy is in place to recruit, retain, train & develop staff effectively
• Other duties as assigned
Essential Knowledge and Training:
• Bachelor’s degree or equivalent experience, MBA preferred; undergraduate degree in environmental science, engineering, math, statistics or actuarial science desired
• CPCU designation desired;
• Property and Casualty license mandatory with required continuing education
• Deep expertise across a variety of risk, insurance and reinsurance products/services; environmental insurance, extensive commercial insurance knowledge
• Deep expertise across a broad range of underwriting techniques and methods
• Excellent leadership and interpersonal skills; ability to communicate and influence at senior leadership level
• Excellent relationship management skills
• Substantial management experience, including at senior levels; high quality coaching skills
• Excellent verbal and written communication skills;
• Excellent organizational skills;
• Proficient with office technology tools
• Experience developing functional strategy and cascading broader business strategy to the underwriting teams
• Must demonstrate high energy, enthusiasm, and flexibility; must be able to perform under pressure and handle multiple concurrent priorities
Work Experience:
• Eight to ten years underwriting management experience
• Ideally, prior MGA experience; strong understanding of the insurance carrier and brokerage business
Pressure of Work:
• Job requires an organized, fast pace, with flexibility to respond to unexpected issues and assignments
• Constant demands and interruptions, as well as keeping abreast of changes in multiple program guidelines and regulations, may cause a high level of stress
• Quick judgment and decision-making skills required
• Limited direct supervision received; position requires a self-motivated person able to work independently
• Travel required
Any unsolicited resumes/candidate profiles submitted through our web site or to personal e-mail accounts of employees of Willis Towers Watson are considered property of Willis Towers Watson and are not subject to payment of agency fees. In order to be an authorized Recruitment Agency/Search Firm for Willis Towers Watson, any such agency must have an existing formal written agreement signed by an authorized Willis Towers Watson recruiter and an active working relationship with the organization. Resumes must be submitted according to our candidate submission process, which includes being actively engaged on the particular search. Likewise, for our authorized Recruitment Agencies/Search Firms, if the candidate submission process is not followed, no agency fees will be paid by Willis Towers Watson.
Willis Towers Watson is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to, among other things, race, color, religion, sex, sexual orientation, gender identity, national origin, age, status as a protected veteran, or disability.