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Regional Vice President, Small Commercial

Regional Vice President, Small Commercial

AmTrust Financial ServicesChicago, IL, United States
30+ days ago
Job type
  • Full-time
Job description

Overview

Leads field underwriting & sales operations for designated geographic region. Supervises multiple branch offices within a designated geographic territory and field sales teams. Specific supervisory responsibilities include agency management, sales, underwriting & P&L ownership for all small commercial lines products.

Responsibilities

  • Provides direct supervision & development of regional underwriting VPs & managers to profitability grow each state in alignment with our national and local appetite and strategy. Provides direct supervision & development of field sales leadership team to drive mutually beneficial partnerships with appointed agent and broker partners.
  • Directs and approves the underwriting activities for branch offices; exercises underwriting approval in excess of the Vice Presidents’ authority level, if necessary.
  • Monitors branch underwriting practices, programs, and documentation.
  • Reviews and monitors the branch loss ratios as determined by Company’s financial reports.
  • Works with the Senior Vice President of Underwriting in monitoring the proper use of Company rates, rules and underwriting policies.
  • Works with the Director of Underwriting Compliance and the Chief Underwriting Officer in prioritizing branch office audits.
  • Actively markets AmTrust and its expanding products & programs throughout assigned territory and at designated industry functions.
  • Acts as the executive face of AmTrust in assigned region, partnering with external agents / brokers and industry associations to drive our strategy & increase marketplace visibility
  • Oversees agency and broker management process and activities to ensure AmTrust is a top carrier across all appointed partners.
  • Conducts annual agent reviews with Vice Presidents in regard to commissions, production and losses, and makes recommendations to the Executive Vice President / Chief Underwriting Officer, as appropriate.
  • Assists managers in recruiting, training and staff development as coordinated with Executive Vice President / Chief Underwriting Officer and Human Resources Administrator.
  • Reports & presents monthly operations & financial updates to executive leadership team
  • Prepares Annual Regional Business Plan, including :

Marketing – Develops and approves action plans for assigned territory, which promote growth of Company’s product lines in the branch and maintain profitable operations

  • Expense Control - Develops branch / regional expense management programs, including seminars, travel, convention attendance, and staffing in assigned territory
  • Underwriting - Participates in the development and implementation of branch and regional underwriting profitability goals in conjunction with the Vice President and Chief Underwriting Officer.
  • Researches new business opportunities in concert with appropriate home office or branch units.
  • Attends industry functions within region consistent with business development efforts and / or strategies.
  • Other marketing, underwriting, or supervisory duties / responsibilities as assigned.
  • Qualifications

  • Provides leadership to branch offices
  • Develops core competencies of the organization and Branch personnel
  • Identifies distinctive ways to compete better
  • Creates brand identity and focuses on key elements in the value chain that are strategically important
  • Develops strategies to achieve company business objectives
  • Sets goals and performance measures of each Branch Offices
  • Inspires and motivates others to perform well
  • Analyzes complex and diverse information
  • Manages and implement changes to improve results
  • Solves complex issues and problems in a timely manner
  • Listens to others and resolves conflicts
  • Speaks clearly and persuasively and demonstrates group presentation skills
  • Looks for ways to improve and promote quality and increase productivity
  • Establishes and works within approved budgets
  • Prioritizes and plans major projects and responsibilities within the region
  • Meets productivity and underwriting integrity standards for Branch Offices
  • Regular contact with agents, brokers, principals, and Home Office underwriting team as well as other department personnel to obtain information, resolve problems, prioritize tasks, and execute responsibilities
  • Exercise initiative in managing, planning, organizing, monitoring, and evaluating assigned tasks and delegated responsibilities in each Branch Office; ensure that all established guidelines, deadlines and budget parameters are met
  • Promote change, improve performance, and solve problems by exercising leadership, sound decision-making and accurate judgment based upon knowledge of underwriting practices and effective management policies and procedures
  • B.A. or B.S. degree required; business emphasis preferred
  • Benefits

    What We Offer

    AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities. Our benefits include : Medical & Dental Plans, Life Insurance, including eligible spouses & children, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, Paid Time Off.

    AmTrust strives to create a diverse and inclusive culture where thoughts and ideas of all employees are appreciated and respected. This concept encompasses but is not limited to human differences with regard to race, ethnicity, gender, sexual orientation, culture, religion or disabilities.

    AmTrust values excellence and recognizes that by embracing the diverse backgrounds, skills, and perspectives of its workforce, it will sustain a competitive advantage and remain an employer of choice. Diversity is a business imperative, enabling us to attract, retain and develop the best talent available. We see diversity as more than just policies and practices. It is an integral part of who we are as a company, how we operate and how we see our future.

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