President and Chief Executive Officer - The Jacobson Group
Maryland, MD
About the Job
Job Description:
A provider of residential property insurance is seeking a President and Chief Executive Officer (CEO). The President and CEO will be responsible for successfully leading the organization in fulfilling its core mission of providing affordable insurance solutions that protect the property and financial future of its customers. To achieve this mission, the CEO will ensure a focus on the organization’s foundation of profitable growth combined with superior customer service. The ideal candidate will have a proven track record of fostering a culture of value, opportunity, financial acumen, good governance, collaboration and creativity. The CEO will oversee the execution of annual strategies and goals, ensuring all organizational functions align with regulatory requirements and the company’s core values. Additionally, the CEO will engage the board of directors on key developments and strategic decisions. The selected executive will possess exceptional leadership and communication skills and will be a well-rounded business strategist and relationship builder. The CEO will thrive in a high-integrity, high-performance and service-oriented culture where collaboration, dedication to quality results, and profitable growth are highly valued and expected. This is a retained search.
Responsibilities: Requirements:
A provider of residential property insurance is seeking a President and Chief Executive Officer (CEO). The President and CEO will be responsible for successfully leading the organization in fulfilling its core mission of providing affordable insurance solutions that protect the property and financial future of its customers. To achieve this mission, the CEO will ensure a focus on the organization’s foundation of profitable growth combined with superior customer service. The ideal candidate will have a proven track record of fostering a culture of value, opportunity, financial acumen, good governance, collaboration and creativity. The CEO will oversee the execution of annual strategies and goals, ensuring all organizational functions align with regulatory requirements and the company’s core values. Additionally, the CEO will engage the board of directors on key developments and strategic decisions. The selected executive will possess exceptional leadership and communication skills and will be a well-rounded business strategist and relationship builder. The CEO will thrive in a high-integrity, high-performance and service-oriented culture where collaboration, dedication to quality results, and profitable growth are highly valued and expected. This is a retained search.
Responsibilities:
- Provide leadership by creating an effective vision, goals and strategies. Drive the enterprise to financial success in a manner that represents the organizational mission.
- Provide the board with recommendations regarding strategic planning, including, but not limited to, agent and application improvements, short- and long-term goals for both mobile homeowners’ and fire, regular reporting on the status of the national insurance market and inorganic growth opportunities, recommendations for technology improvements, regular recommendations regarding rate adequacy, and annual recommendations regarding reinsurance treaties.
- Develop external relationships that can grow the organization through organic and non-organic means. Provide a balanced view of growth opportunities and subsequent risks.
- Work effectively with senior management to develop and implement strategic and operational plans necessary to achieve profit and growth objectives.
- Oversee all operational and strategic areas of the company. Lead and inspire staff at all levels, creating a positive culture for the organization that allows for employee development and growth.
- Minimum of 10 years of experience within the property and casualty insurance industry, including regulatory and/or carrier experience; experience with fire, personal protection insurance, homeowners’, mobile homeowners’ and related products is a plus; experience managing staff, a board, and the daily functions of an insurance company (including technology, marketing, underwriting, pricing, product development) is a plus
- Profit and loss accountability and/or financial accountability strongly preferred; well-rounded business understanding and awareness of the impact that a wide range of financial and nonfinancial variables can have on profitability and growth
- Broad multi-function understanding of risk, finance, underwriting, actuarial, claims, marketing and IT, as well as experience with independent agent distribution channel highly desired
- Prior experience with mergers, acquisitions and/or negotiation of reinsurance treaties is a plus
- Exposure to working with regulators, rating agencies and the reinsurance market is preferred
- Bachelor’s degree; advanced degree and/or professional designations (preferred)
Source : The Jacobson Group
