Director – Institutional Underwriting

Provides direction, control, and continuous improvement of institutional underwriting services supporting the Institutional Solutions business, including Pension Risk Transfers (PRT), Structured Settlements, Guaranteed Investment Contracts (GICs), Funding Agreements, Funding Agreement‑Backed Notes (FABNs), and other institutional retirement and investment products.

Accountable for underwriting results delivered through Underwriting Managers in compliance with Company policies, risk guidelines, and regulatory requirements. Responsible for implementation of underwriting strategy, earnings enhancement initiatives, support of new product development, and oversight of technical enhancements supporting underwriting activities from pricing through contract installation.

WHAT WE CAN OFFER YOU:

• Estimated Salary(Levels have variable responsibilities and qualifications): Director, Institutional Underwriting: $138,500 - $235,500 plus annual bonus opportunity
• 401(k) plan with a 2% company contribution and 6% company match.
• Work-life balance with vacation, personal time and paid holidays. See our page for details.
• Applicants for this position must not now, nor at any point in the future, require sponsorship for employment.

WHAT YOU'LL DO:

Underwriting Leadership & Execution
Direct day‑to‑day institutional underwriting activities through Underwriting Managers supporting PRT, Structured Settlements, and related products, ensuring consistent application of underwriting standards, pricing assumptions, and risk guidelines.

Risk Oversight & Decision Authority
Review, consult on, and approve complex or high‑exposure institutional transactions and underwriting exceptions within assigned authority to ensure appropriate risk selection and profitable outcomes.

Strategy Implementation & Earnings Enhancement
Implement underwriting strategies aligned with business objectives, including earnings enhancement initiatives, market competitiveness, and support for new institutional product development.

Technical & Platform Oversight
Provide underwriting leadership and oversight for system, model, and process enhancements impacting institutional underwriting, in partnership with Actuarial and Technology (ART), from pricing through installation.

Governance, Compliance & Controls
Ensure underwriting practices comply with Company policies, governance standards, and applicable legal and regulatory requirements; support audits, reviews, and risk oversight activities.

Talent, Performance & Continuous Improvement
Develop and maintain an engaged and accountable underwriting management team; monitor performance, quality, and service levels; and drive continuous improvement in productivity and operational effectiveness.

WHAT YOU’LL BRING:

Institutional Underwriting & Risk Expertise
Extensive experience underwriting complex, long‑duration institutional annuity or investment products, such as PRT, GICs, funding agreements, or similar solutions, with strong risk selection and pricing judgment.

Leadership & Strategic Execution
Demonstrated ability to lead through managers, implement underwriting strategy, drive change, and balance risk discipline with profitability and growth objectives.

Financial, Analytical & Technical Acumen
Strong financial and analytical skills to evaluate complex institutional transactions, with the ability to partner effectively on pricing models, underwriting systems, and process enhancements.

Collaboration & Communication
Proven ability to build effective relationships and communicate underwriting positions and recommendations across Actuarial, Investments, Technology (ART), Product, Operations, and senior leadership.

PREFERRED:

Advanced Industry Knowledge
Experience with Pension Risk Transfer (PRT) transactions, Funding Agreements, FABNs, Structured Settlements, or other institutional retirement and investment products

Professional Designations & Education
Advanced degree in Business, Finance, Economics, Risk Management, or related field and/or professional designations

Institutional Markets Expertise
Knowledge of institutional investment markets, asset-liability management principles, and the interaction between underwriting, actuarial, and investment functions.

Transformation & Technology Leadership
Experience leading underwriting transformation initiatives, including implementation of underwriting platforms, pricing models, workflow automation, or data analytics capabilities.

Regulatory & Governance Experience
Familiarity with insurance regulatory frameworks, governance practices, and risk management standards applicable to institutional insurance products.

Executive Influence
Demonstrated success presenting complex underwriting decisions, risk positions, and business recommendations to executive leadership and cross-functional stakeholders.

Why You’ll Love It Here

This is your chance to inspire and guide teams and stakeholders on a journey toward greater efficiency, agility, and excellence in technology, while modernizing. Your work will directly improve how teams interact with our systems, and you’ll see the tangible impact of your efforts every day. You’ll be joining a team of strong technical servant leaders who values bias toward action, extreme ownership, and radical transparency. If you’re ready to roll up your sleeves, make hard decisions, and put in some solid work, you’ll thrive here.