Underwriting Leader, Binding Authority

Company:

Victor

Description:

Victor Insurance Managers Inc., a subsidiary of Marsh, is the world's oldest and largest underwriting manager of specialty insurance, professional liability, and risk management programs. Our expertise lies in evaluating risks, implementing program marketing, developing, and executing risk management activities, and servicing accounts on behalf of our insurance company partners. We then distribute these products through our distribution network of licensed brokers.

Victor has a unique opportunity to rapidly create a large and profitable business in the Binding Authority space. This space comprises small, Excess and Surplus Lines policies; where carriers are willing to provide binding authority and underwriting tools to their trusted partners because of the low limits, small premiums and high historic profitability. Marsh already handles a high volume of this business and currently passes it to competitors. We are looking for a seasoned underwriter to establish the capabilities that will allow us to quickly and expertly handle this Binding Authority business. In both Victor Access and Victor Small Business. This leader will need to have strong underwriting credibility in the E&S space, together with a track record of successfully building teams and navigating a complex matrix work environment. Location for this position is flexible. Preferred locations include New York, Bethesda, MD, Columbia, Sc and Denver, CO.

Underwriting Leader, Binding Authority

We will count on you to:

• Lead and manage explosive growth of Victor’s Binding Authority program.

• Effectively manage both new and existing carrier relationships.

• Ensure the highest standard of technical underwriting for the binding authority business.

• Collaborate effectively across the organization.

• Monitor results and implement corrective action as necessary.

• Gather market data and work with the product and leadership teams to identify new production opportunities and competitor activity.

• Mentor and train emerging underwriting talent on underwriting guidelines, forms, market conditions, competitors, and relationship building.

• Be an effective external ambassador for Victor in the Industry.

What you need to have:

• BA degree in insurance, business, or related field preferred or equivalent work experience.

• Minimum 7-10 years of progressive P&C experience and a track record of leading and growing insurance programs.

• Outstanding technical underwriting knowledge.

• Strong mathematical and analytical aptitude; critical thinking.

• Proven underwriting, sales, and agency management skills.

What makes you stand out?

• 10+ years of progressive underwriting experience with agency management experience within the commercial insurance industry, E&S preferred.

• Ability to underwrite more complex accounts, including knowledge of commercial property and casualty forms, pricing, and rating methodology, modeling, and valuation tools.

• AU or CPCU certification in progress or received.

• Strong verbal and written communication including formal and informal presentation skills.

• Strong, trust based interpersonal skills for interacting with team members.

• Professional presence.

Why join our team:

• We help you be your best through professional development opportunities, interesting work, and supportive leaders.

• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients, and communities.

• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

Applications accepted until February 4, 2025

Marsh, a business of Marsh McLennan (NYSE: MMC), is the world’s top insurance broker and risk advisor. Marsh McLennan is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $23 billion and more than 85,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow on LinkedIn and X.Victor offers a connected culture of talented, inspired individuals, and a work environment where colleagues can grow and succeed. At Victor, your voice is heard, your skills are sharpened and your ambitions nurtured. We value diversity in thought and background and are looking for individuals who are up for the challenge of creating the insurance enterprise of the future. If that’s you, join us on our journey—with us by your side, you’ll be ready to tackle tomorrow’s challenges. Victor Insurance Managers LLC (“Victor”) is one of the world’s largest managing general underwriters with locations in the US, Canada, UK, Netherlands, Germany, Italy, and Australia. It handles more than $4 billion USD in premium on behalf of numerous insurance carriers, through a large network of more than 20,000 active insurance agents and brokers. With deep, specialized underwriting expertise, the company delivers a wide range of insurance solutions – from specialty property and casualty and professional liability insurance to group and retiree benefits. Victor is committed to building on 65-plus years of experience to develop products and services that address the complex needs of its customers. For more information, visit www.victorinsurance.com. Victor Small Business is a true digital MGA, offering multiple quotes for multiple products from multiple providers. Through its intuitive digital solutions, including its core platform, Victor for Agents, the company delivers reliable, responsive service that moves fast and helps agents and their clients stay ahead. For more information, visit www.victorinsurance.com.Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting work@tuhustle.com McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.#VictorThe applicable base salary range for this role is $95,600 to $203,700.The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.