About Specialty Program Group: Specialty Program Group (SPG) is the wholesale & MGA division of HUB International (5th Largest Global Broker).  SPG acts in a holding company capacity acquiring best in class underwriting businesses to operate independently under distinct brands (portfolio companies).

About Euclid Fiduciary:  Encore Fiduciary is division of SPG that serves as a leading provider of fiduciary liability insurance for America’s employee benefit plan sponsors and fiduciaries.  The Fiduciary team consists of best-in-class underwriters who leverage expertise, experience and thought leadership to provide the best scope of coverage and responsive service to our broker partners. 

Job Description Summary
Develop and lead the company’s business plan to expand into management liability insurance and related executive liability insurance products, and deliver profitable long-term underwriting results for our program carrier.  The Product Leader, Fiduciary/Management Liability will report to the Encore Chief Underwriting Officer..

Job Description

Draft a business plan to underwrite management and executive liability insurance with a goal of long-term profitability.Lead the effort to secure a contract with a program insurance carrier.Serve as the product leader of the division’s management liability insurance underwriting and risk management services, including the creation of a rate and rule manual to be used in conjunction with a new policy form and endorsements. Develop and draft an underwriting model, rates and policy forms for management liability insurance.Develop a risk management model to differentiate SPG’s management liability product from other insurance markets and reduce underwriting losses.Analyze, select, and profitably price risks of varying complexity.Determine terms and conditions of coverage on new and renewal business.Provide underwriting proposal and competitive rate recommendations in a timely manner.Maintain underwriting quality.Achieve overall growth and profit objectives.Examine loss notices received by claims and recommend appropriate action.Assist internal sales force with marketing efforts (agency visits, seminars, etc).Develop and foster relationships with external clients.Develop and foster effective relationships with internal resources to ensure delivery of all related services to clients.Identify opportunities for underwriting improvement and recommend solutions.Consistently maintain professional and appropriate demeanor.Maintain the highest level of customer service.Maintain awareness of management liability, EPL and professional liability industry and insurance trends.Build strong, positive agent relationships to promote profitability and growth of new business and the retention of existing business.Develop, strengthen, and maintain agency/company relations through effective personal, verbal, and written forms of communication.Build strong internal team relationships to promote positive team environment.Work cooperatively and productively with others.Able to handle stress and demands of job.Maintains prompt and regular attendance.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience

Bachelors degree in insurance, finance, business or related field; minimum of 5 years of progressive underwriting experience, with 10+ years experience preferred; or equivalent combination of education and experience. Preferred: Employment Practices Liability Insurance Experience; Certification: RPLU, CIC, ARM or other related certification; License: P&C. 

Established/existing relationships with retail and wholesale brokers preferred. 

Certificates, Licenses, Registrations

Preferred Certification: RPLU, CIC, ARM or other related certification; License: P&C

Mathematical Skills 

Ability to work with mathematical concepts.  Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.  Ability to interpret financial information and reports.          

Language Skills

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.  Ability to write reports and business correspondence.  Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.

Reasoning Ability

Ability to define complex problems, collect data, establish facts, and draw valid conclusions.  

Computer Skills

To perform this job successfully, an individual should have the ability to be trained on SPG’s software; must be proficient in Excel/Spreadsheet software, have basic knowledge of Microsoft Office, and computers.

Other Skills and Abilities

Critical thinking and problem solving skillsSound and accurate decision-makingBig-picture perspectiveCommunication skillsPersuasive with details and factsRead and interpret financial dataTeam workNegotiationAdaptabilityStress tolerance

Other Qualifications

Effective interpersonal skills need to create and expand partnerships with internal and external customers.

Travel

Ability to travel in a national marketplace as needed (minimal).

Position Type and Expected Hours of Work

This is a full-time position. Hours of work and days are Monday through Friday, 8:30 a.m. to 5:00 p.m. Occasional evening and weekend work may be required as job duties demand.

Physical Demands

While performing the duties of this Job, the employee is regularly required to sit and use hands to finger, handle, or feel. The employee is frequently required to stand and reach with hands and arms. The employee is occasionally required to walk. The employee may regularly lift and /or move up to 10 pounds.  Specific vision abilities required by this job include close vision.

Work Environment

This job operates in a flexible split between work at home and a professional office environment. This role routinely uses standard office equipment such as computers, phones, and photocopiers/scanners.  The noise level in the work environment is usually quiet.

Other Duties

This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required for this job. Other duties, responsibilities, and activities may change or be assigned at any time with or without notice.

Department Underwriting

Required Experience: 7-10 years of relevant experience

Required Travel: Up to 50%

Required Education: Bachelor's degree (4-year degree)

HUB International Limited is an equal opportunity and affirmative action employer that does not discriminate on the basis of race/ethnicity, national origin, religion, age, color, sex, sexual orientation, gender identity, disability or veteran's status, or any other characteristic protected by local, state or federal laws, rules or regulations. The EEO is the Law poster and its supplement is available here at http://www.dol.gov/ofccp/regs/compliance/posters/ofccpost.htm .

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