Program Underwriting Manager – Commercial Auto - Axis Capital Holdings
New York, NY
About the Job
This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.
At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.
All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.
Program Underwriting Manager – Commercial Auto
New York – Hybrid
How does this role contribute to our collective success?
The Program Underwriting Manager – Auto is responsible for the product management of all auto products (both ISO and manuscript) distributed across the North American Programs Platform; delegated underwriting authorities. The role will have responsibility for management of assigned programs, and the evaluation of new program submissions.
What will you do in this role?
Product Management
- Responsible for product management for all auto products across all programs, including those that you do not directly manage.
- Develop and maintain a repository of all products within the auto family to include auto liability, auto physical damage, and contingent liability.
- Evaluate and approve all new product development and rate/rule/form changes within the department. Supervise all auto filings and regulatory compliance.
- Determine product competitiveness, pricing efficacy and market acceptance for all auto liability and physical damage covers, including contingent liability.
Program Management
- Overall management of assigned programs, to include responsibility for development, implementation, and monitoring of business plans, coordination of AXIS resources, and achievement of financial goals.
- Manage delegated underwriting authority for assigned programs by maintaining program management agreements and underwriting guidelines. Conduct routine underwriting and rate/rule/form audits to ensure compliance.
- Underwrite auto referral accounts across the department.
- Identify and deliver expansion of AXIS product offering with existing programs.
- Train fellow Program Underwriting Managers with responsibility for programs with auto products on best-in-class commercial auto underwriting.
About You:
We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.
What you need to have:
- Deep expertise in ISO-based Commercial Auto products to include coverage, policy construction, and rating.
- Familiarity with ISONet and navigating the Commercial Lines Manual
- Direct experience in underwriting and managing Delegated Underwriting Authority (PAs, MGAs, MGUs).
- 8+ years in underwriting Commercial Auto (specially in medium, heavy and extra heavy Classes)
- Ability to negotiate contracts, develop business plans, and manage external stakeholders in the deliverance of business plans.
- In-depth financial and underwriting understanding of programs business, with the ability to assess and develop financial projections and forecasts on existing and prospective programs.
- Proficiency in Excel (build models and conduct analyses), Power BI, PowerPoint, and Word.
What we prefer you to have:
- Prior management experience
- Ability to effectively interact at all levels of internal and external business partners
- Ability to bring order to a dynamic and ambiguous environment
- Sense of urgency and a “can do” attitude
- Ability to collaborate and mindfully communicate in a matrixed organization
- Bachelors degree
- Industry Accreditations
Role Factors:
- Work in the New York office Tuesday-Thursday
- Travel domestically 1–2 times per quarter
- Attend industry events over weekends occasionally
What we offer:
For this position, we currently expect to offer a base salary in the range of $190,000 to $225,000 (NY), Your salary offer will be based on an assessment of various factors including your specific experience and work location.
