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AVP, Corp UW, Property Product

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Job ID: 1008742
Date Posted: Jan 31, 2024
Department ID: TM0936 Corp UW - Prod Mgmt
Company: Tokio Marine Management Inc.

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Job Description

Marketing Statement

About Tokio Marine:

Tokio Marine has been conducting business in the U.S. market for over a century and we are licensed in all states, Puerto Rico and the District of Columbia, and write all major lines of Commercial Property and Casualty Insurance. We provide unique insurance and risk management tools from our experienced staff of account executives, underwriters and loss prevention engineers and fair and timely claim settlement from a skilled team of claim professionals. We work with major brokers and leading independent insurance agents throughout the United States to serve the world's largest and most distinguished organizations.

We are committed to creating value for our customers by providing ANSHIN (safety, security and peace of mind). We strive to be creative and passionate as we work towards our long-term success.

Tokio Marine Holdings is Japan's oldest, and one of the largest property and casualty insurers. Founded in 1879, TMNF operates worldwide in 47 countries. With annual revenues of approximately $50 billion and an A.M. Best rating of A++, one of the highest in the industry, we are one of the top 20 insurance providers worldwide.

Duties

Job Summary:

Lead, manage and achieve profit for Property and related lines of business by developing an underwriting, pricing  and product strategy that positions Tokio Marine to meet client's needs, build company revenues and achieve our corporate profit , growth and return on risk objectives.Lead and develop a team who may have shared responsibilities for products other than Property and Related Lines.

Essential Job Functions:

  • In connection with  Property and Related Lines including monoline or package Personal  and Commercial  Property, Equipment Breakdown, Inland Marine, and Crime:
  • Develops and implements underwriting strategy including  underwriting policies, guidelines , procedures, price levels, limits and coverage scope in accordance with the Company's risk appetite and Global guidelines.
  • Leads staff including Product Manager(s), Assistant Product Manager(s ), Filing Specialist(s) and Catastrophe Modeling Analyst. Provides leadership and oversight around all aspects of human resources including staffing, training, development and performance management.
  • Monitors underwriting results, develops and implements underwriting guidelines and procedures to achieve corporate objectives.
  • Develops and implements a filing strategy. Monitors rate adequacy and oversees the rate review and filing process to achieve corporate objectives.
  • Manages catastrophe modeling and exposure management process including aggregate accumulations in accordance with the Company's risk appetite.
  • Works with Business Segment Leaders, CUW Product Development Director and other areas of the organization to identify product development needs.
  • Manages the development, maintenance and filing of  policy, endorsements and new coverages with  associated pricing and rules and internal underwriting tools.
  • Monitors legal, competitive and regulatory climate to identify trends and develop appropriate strategies.
  • Implements underwriting reviews and evaluation to ensure compliance with corporate standards and regulatory requirements.
  • Provides technical consulting and training to Field Underwriting staff and expertise to the Company overall.
  • Supports treaty reinsurance strategies and purchase.
  • Oversees operational process of staff and directs efforts to improve accuracy and/or increase efficiency.
  • Responsible for complying with proper internal controls as necessary to conduct job functions and/or carry out responsibilities and/or administrative activities.

Qualifications

  • College Degree preferred
  • CPCU or equivalent Professional designation preferred
  • Minimum of 10-15+ Years in the P & C business
  • Management experience preferred
  • Minimum of 10 Years in Underwriting including experience in Product Line Management
  • Knowledge of ISO, AAIS  and independent state bureau requirements
  • Proven track record with Compliance related issues.
  • Experience with Internal Audits preferred

TMA believes the perfect candidate is more than just a resume. If you don't meet every single requirement, but are still interested in the job, please apply.

Salary range of $162k - $195k. Ultimate salary offered will be based on factors such as applicant experience and geographic location. Our company offers a competitive benefits package and bonus eligibility on top of base.

EEO Statement

Tokio Marine Management is an Equal Opportunity Employer. In order to remain competitive we must attract, develop, motivate, and retain the most qualified employees regardless of age, color, race, religion, gender, disability, national or ethnic origin, family circumstances, life experiences, marital status, military status, or sexual orientation.

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