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13 Oct 2020

Full-Time Director, Commercial Insurance-Property & Casualty

Wawanesa Insurance – Posted by Emily Winnipeg, Manitoba, Canada

Job Description

The Director, Commercial Insurance is accountable for the financial results of the property and casualty portfolio for which they are responsible. Responsibilities include underwriting strategy, appetite, product suite, underwriting guidelines, delegation of underwriting authority for the line of business, pricing strategy and rate and product changes to support the business priorities. The role provides guidance to the VP and SVP&COO on product strategy, risk appetite and risk management based on product, market and analytics. This position is responsible for advancing the Company’s performance by driving improvements in revenue, profit and loss ratio.

Job Responsibilities

  • Accountable for the financial results of the property and casualty portfolio for which they are responsible
  • Leads a team that directs and supports the Regional teams with guidance and referrals
  • Acts as the key point of contact for Management on the product portfolio for which they are responsible
  • Responsible for all investments in strategic projects designed to support execution of product strategies (e.g., the creation of new insurance products, and insurance product changes)
  • Establishes the strategic direction for the Company’s product lines for RPOC approval, including portfolio of products, pricing, and monitoring of operational execution through premium leakage review and portfolio analysis
  • Collaborates with leaders of the business units he/she leads to support the development of product strategy, performance metrics, and operational plans related to product lines
  • Supports the ongoing business transformation (and other strategic projects which span across Products & Marketing business units), and provides guidance on product, pricing, quality, and portfolio management decisions
  • Maintains an in-depth knowledge of market and product trends, the competitive environment, regulatory actions and decisions and rallies the appropriate team to formulate and implement a response where required
  • Provides guidance on resolution of claims issues in exceptional cases, in consultation with claims and executive leaders
  • Works in close collaboration with Regional Teams
  • Creates the rate and product change schedule, in collaboration with the Actuarial Pricing leaders, and manages the analysis and implementation of product and rate reviews to drive financial results
  • Develops and enhances productive business relationships by liaising with internal and external stakeholders
  • Oversees the development and maintenance of underwriting guidelines and procedures
  • Develops and maintains contractual agreements with outside service providers
  • Collaborates with reserving actuaries and claims to ensure accurate reserve setting
  • Develops, coaches/mentors and manages the performance of direct reports, including identification of areas for improvement, and the development of performance improvement plans to ensure achievement of business, functional and individual goals
  • Provides leadership to attract/retain high quality talent, including appropriate employee communication, sound structure/processes, etc.
  • Creates an environment that encourages productivity, collaboration, teamwork, a high level of professionalism, learning and development and a culture of profitable growth across the products business unit
Qualifications
  • Minimum of ten years Property and Casualty industry experience
  • University Degree in business, actuarial science or another relevant discipline
  • Completed CIP or equivalent Property and Casualty industry designation
  • Experience in underwriting operations would be an asset
  • 3+ years of experience effectively leading a team undergoing business transformation, including process and technology change
  • Comfortable working in a fast paced and dynamic environment in which he/she is leading organizational change
  • Strong management and leadership skills with the ability to build and maintain effective relationships and motivate and engage team members
  • Strong analytical, quantitative and critical thinking skills, with the ability to conduct detailed analysis of information, and to select and implement best solutions in a timely manner
  • Strong communication and presentation skills, with the ability to communicate at the right level for the audience
  • Strong negotiation skills with the ability to present information or arguments in a convincing manner
  • Strong planning and organizing skills, with the ability to develop and prioritize effective plans that define activities, resources, timelines, and cost estimates
  • Ability and willingness to travel

How to Apply

Wawanesa provides its employees with a respectful, challenging and rewarding environment where they can maximize their potential while contributing to the company’s goals. Our employees are provided with highly competitive compensation packages (salaries, generous vacation allowance, leave top up, goal achievement plan, premium free benefits and a pension plan). Wawanesa provides a stable and rewarding environment for its employees in today’s challenging markets. If you are interested in this exciting, challenging position with Wawanesa, apply today with your Resume by visiting our careers site: https://bit.ly/30Lifzq Accommodations are available as needed for all applicants.

Job Categories: Commercial Lines. Job Types: Full-Time.

Job expires in 17 days.

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