Vice President, Underwriting
Minneapolis, MN
An elite specialty insurance services provider is looking for a seasoned Chief Underwriting Officer to lead all underwriting functions for self-insured workers’ compensation programs. This individual will guide team performance, set underwriting strategy, and ensure disciplined, data-informed decision-making. This role is on-site four days per week in Minneapolis, MN and plays a pivotal part in organizational leadership.
Primary Responsibilities
- Lead and mentor the underwriting team, fostering technical excellence and professional growth.
- Collaborate with senior leadership to shape business strategy and long-term objectives.
- Evaluate and price self-insured workers’ compensation risks, ensuring regulatory compliance and internal standards.
- Develop and enforce underwriting policies, procedures, and quality controls.
- Build and maintain relationships with brokers, clients, and internal stakeholders to support business development and retention.
- Use analytics to track trends, measure performance, and refine underwriting strategies.
- Oversee underwriting for pools, alternative risk programs, guaranteed-cost plans, and multi-line placements.
- Manage reinsurance structuring, negotiations, and ongoing partner relationships.
- Provide leadership with reports on portfolio performance, market trends, and risk exposure.
- Drive process improvements and implement technology to enhance efficiency and accuracy.
- Directly handle complex or high-risk accounts when necessary.
- This career opportunity requires relocation to Minneapolis, MN
Qualifications
- 10+ years of underwriting experience in workers’ compensation.
- 5+ years managing teams or leading underwriting operations.
- Strong expertise in self-insured programs, pool administration, and regulatory compliance.
- Excellent analytical capabilities and sound judgment in risk evaluation.
- Proven leadership skills with a history of developing and guiding successful underwriting teams.
- Strong proficiency with underwriting systems, reporting tools, and data analytics.
- Bachelor’s degree in Insurance, Business, Finance, or a closely related field.
- CPCU or ARM designations strongly preferred