Global Indemnity Limited Bala Cynwyd , PA 19004
Posted 2 weeks ago
GBLI | Global Indemnity provides specialty property and casualty insurance for small to middle-market businesses - and we're on a mission to be the best-in-class while achieving steady, profitable growth. Our guiding principles include the core belief that our people are number one. We also strongly emphasize a customer-centric mentality and disciplined underwriting practices. Our work environment is flexible, friendly, and collaborative, with plenty of opportunities to take charge of your career.
What GBLI offers you:
Generous paid time off (PTO)
Professional development opportunities (including a mentorship program)
Educational assistance program, which covers up to $5,250 in educational costs per year
Comprehensive health insurance plan (with vision and dental)
Paid Parental Leave
Life insurance
401(k) retirement plan with up to 6% company match and immediate vesting
Healthcare and dependent care flexible spending accounts
Short-term and long-term disability
Company-sponsored social events
Various committees to get involved in, which include our Diversity, Equity, and Inclusion Committee, and Charitable Giving Committee
Essential Duties & Functions
Assist with managing pricing objectives, profit improvement, profit improvement opportunities and combined ratio results for assigned territories
Direct the underwriting risk section and underwriting process, planning, reporting, forecasting and business development for the lines of business
Provide leadership, technical advice, council and expertise in the development of the underwriting staff.
Collaborate with the company's Underwriting, Actuarial, Reinsurance, Systems, Claims and Legal functions
Manage underwriting accountability through several direct reports; and develop key contacts with high quality wholesale agents, reinsurance carriers and intermediaries
Participate in forming recommendations for the strategic direction of the Binding Authority lines of business.
Qualifications
Bachelor's degree or equivalent experience
A minimum of 7-10 years' experience in Primary Excess and Surplus Lines underwriting with extensive experience in the underwriting and marketing of General Liability and Property product lines through a wholesale broker distribution system.
Demonstrated ability to underwrite, price and negotiate small and medium account business in accordance with established guidelines, procedures and strategies.
Developed technical knowledge of underwriting, product design, rating and pricing supporting a proven record of profitable underwriting in a multi-line environment
Strong agency management experience with strong relationships with the wholesale brokerage community
Ability to analyze individual risks for profit opportunity and provide underwriting solutions, through creativity and vision to design coverage that can appropriately respond to a specific line of business, class or customer need.
Possess an in-depth working intelligence of current business issues within the wholesale broker and excess and surplus lines community.
Ability to work effectively and advise Business Unit leader and staff organization in business planning, new product design, distribution channels and broker evaluation and selection.
Demonstrated flexibility to react to ever-changing environments and market conditions. Demonstrated innovator not satisfied with the status quo, who actively seeks new or better methods of competence.
"Hands-on" ability to direct, manage and influence the underwriting process to support coverage design required as outlined by the strategies and underwriting philosophy.
Proven analytical and quantitative skills, with strong organizational, interpersonal, communication and time management quality.
High energy, with a desire to be a team player capable of interacting with a variety of individuals internally and externally.
Proven ability at negotiating and reviewing contracts and policy terms.
A positive attitude, with a sense of urgency directed toward the design of creative solutions.
Prior management experience leading a high performing underwriting team.
Overnight travel within territory will be required (approximately 10-20%)
Global Indemnity Limited