Basic Function
The primary function of this position is to support the Senior Vice President, Diversified Products, in administering existing professional liability and assumed reinsurance programs. This position will actively participate in the creation of the reports necessary to secure executive management and Board of Director approval for new program and assumed reinsurance business and the renewal of assumed reinsurance business that requires referral to the executive team. In addition, this position will satisfy requests for information from other ISMIE divisions such as Legal, Compliance, Finance and Internal Audit. Finally, as this position will back-up the Senior Vice President, Diversified Products, the incumbent in this role will take on an increasingly active role to learn the business.
Specific Position Responsibilities
· Assist the Senior Vice President, Diversified Products, in administering all active professional liability and assumed reinsurance programs. This involves coordination and communication with contacts at ASCS/AmWINS as well as all internal divisions of ISMIE including but not limited to Administration, Legal, Compliance, Finance, and Internal Audit. Prepare all required reports and maintain detailed files on all active programs.
· Participate in the vetting of potential new programs, joint alliances or book rolls at the direction of the Senior Vice President, Diversified Products.
· Manage the process to obtain executive management and Board of Director approval for all new program and assumed reinsurance business and the renewal of assumed reinsurance business that requires referral to the executive team. Produce the reports and other supporting documents necessary for the Senior Vice President, Diversified Products, to make the required presentations to executive management and the Board of Directors. This will require extensive interaction with external contacts at ASCS/AmWINS and internal ISMIE divisions such as Legal and Compliance.
· Serve as the primary liaison within Diversified Products for Internal Audit staff charged with auditing ISMIE’s MGA/MGU partners.
· All other duties as assigned by the Senior Vice President, Diversified Products.
Internal Contacts
Executive and Senior Management, Claims, Underwriting, Finance, Actuarial, Risk Management, Information Systems, Human Resources, Management Services, Legal, Compliance, Sales and Marketing.
External Contacts
Retail and Wholesale Brokers, Reinsurers, & MGA/MGUs
Essential Requirements of Position
The demands described here are representative of those that must be met by an employee to perform the essential functions of this job.
· Close visual acuity to read large amounts of written information in a standard font for an extended period of time;
· Ability to view and read from computer screens, telephone screens and printed materials;
· Ability to receive detailed information through oral communication;
· Ability to communicate verbally, convey and express complex and detailed ideas, information and instructions to others clearly, accurately, and effectively in person and via telephone;
· Ability to operate a keyboard, computer and computing device;
· Ability to analyze data and information;
· Ability to lead and participate in presentations and meetings;
· Ability to move about to accomplish tasks, attend meetings and scheduled events both inside the office and outside the office.
· Ability to travel up to 25% of the time.
Desirable Qualifications and Experience
Bachelor’s degree or equivalent and minimum of three years of professional liability underwriting experience to include programs produced through MGAs/MGUs and assumed reinsurance. Must have excellent analytical, communication, and negotiation skills. Must be able to multitask and able to handle the stress of a fast-paced work environment.
