Vice President, Underwriting - Umbrella Line of Business Officer

BITCO Corporation is currently seeking a Vice President, Underwriting - Umbrella Line of Business Officer to join our Underwriting team in Davenport, IA . BITCO provides quality insurance services to special industries including construction, forest products, and oil & gas.

Position Summary :

This position is responsible for the development and execution of strategic level Underwriting plans and objectives relating to the Commercial Umbrella and Excess line of business.

Primary Responsibilities :

• Underwrite, service, and manage a growing portfolio of Commercial Umbrella and Excess business while achieving growth and profitability targets.
• Lead, manage, and oversee Commercial Umbrella and Excess line of business, including the planning and achievement of underwriting goals in each program of business in collaboration with Program Managers
• Fully utilize underwriting and pricing tools to analyze risks and properly document underwriting decisions
• Establish and maintain relationships with all stakeholders both internally and externally
• Collaborate with various departments within BITCO including underwriting, claims, actuarial, regulatory compliance, and accounting
• Collaborate with the Program Managers to determine the acceptability of offering Umbrella or excess limits and the most advantageous limit, condition and pricing structure to fit the needs of the customer, keeping BITCO's goals of profitable growth as the guiding principal
• Be responsible for the Facultative placements either on a primary policy or umbrella / excess policy
• Represent BITCO at line of business meetings with other subsidiary companies, reinsurers, or broker meetings
• Ensure adherence to required compliance and best practice line of business standards including proper policy construction and file documentation
• Serve as a strategic partner for local Underwriting teams, offering technical expertise, providing training and needed resources
• As the Line of Business Officer, develop forms, rates and conditions, and guidelines for the Commercial Umbrella and Excess programs.
• Participate in varying levels of long-term planning at the functional or organizational level
• Responsible for planning, setting, and meeting financial targets or budgets within areas of oversight
• Presents periodic performance reports and metrics to senior leadership.
• As a management representative, consistently acts in the best interest of BITCO and provides leadership and communication to actively promote BITCO's mission, values, and culture

Qualifications :