Job Description

Job Description

Job Description

Description:

About The Company:

Private Client Select Insurance Services (PCSIS), is an independent managing general underwriter (MGU) majority owned by Stone Point Capital. Private Client Select Insurance Services protects the lifestyles and legacies of the most successful individuals across the U.S by providing robust risk management solutions and comprehensive coverage to preserve high-value assets. We understand their passions and are committed to preserving the lifestyle they built.

PCS employs approximately 420 staff members. The company has offices in New York, NY; Schaumburg, IL; and St. Petersburg, FL. PCS has a geographically diverse workforce and supports hybrid and remote business-based flexibility.

Job Summary:

The Head of Fine Art and Collections will play a strategic role in managing Private Client Select’s Fine Art and Collection products to achieve profit, growth, and operational effectiveness targets, including portfolio management and strategy.

Key Responsibilities:

• Enforce consistent underwriting excellence by monitoring and ensuring adherence to risk appetite, underwriting standards and guidelines.
• Monitor and enforce procedures to ensure business units adhere to the underwriting limits within the established risk appetite.
• Ultimately have oversight for all field underwriting inquiries on Fine Art and Collections and responsibly manage $300,000,000 in personal underwriting authority.
• Manage large risk referral protocol with PCS Chief Underwriting Officer.
• Directly manage Home office Collections underwriters, including UW Director of Collections.
• Continuously dialogue with underwriting, distribution, IT, and operations teams in order to reinforce the unique and often complicated requirements of the Fine Art and Collections product.
• Engage with and provide direction to Underwriting Directors and Regional Underwriting Managers in relation to issues of pricing, coverage, manuscript endorsements and authority.
• Regularly review rating and pricing adequacy across the entire portfolio; suggest adjustments when necessary to ensure profitability.
• Assist with implementing and monitoring catastrophe/aggregate management strategies.
• Monitor emerging risks and trends. Develop product pricing strategies to address and suggest new and enhanced coverages as appropriate.
• Assist in the development of profitability and growth strategies in support of financial goals.
• Develop and implement robust underwriting training regimen specific to Fine Art and Collections.
• Assist in developing new products and assist in ensuring PCS remains competitive on risks that meet pricing and underwriting standards.
• Conduct audits, quality reviews, and peer reviews, including implementation of action steps to improve underwriting results.
• Regularly interface with PCS Product team and develop tactics to ensure operational efficiencies that support business goals and strategies.
• Lead a culture of underwriting excellence by instilling an environment of accountability by setting clear expectations, measuring results, rewarding the right behavior and addressing consequences.

Required Skills, Knowledge and Education:

• 10+ years Underwriting and Product Management experience in Personal Insurance.
• Superior technical underwriting expertise.
• Strong ability to interface with underwriting, IT, product management, compliance, legal and actuarial staff.
• Strong strategic development, business building, project management, and project execution skills, with proven ability to deliver key projects and programs on time and on budget.
• Strong communication skills including the ability to develop and present clear and concise analysis and recommendations to senior management.
• Proven people management capabilities, including the ability to coach and motivate others.
• Strong business acumen with a proven track record of making sound judgments backed by strong analytical skills.
• Leadership and Organization – exceptional capacity for managing and leading peers; ability to connect staff both on an individual level and in large groups; capacity to enforce accountability, cultivate entrepreneurship, and learn the strengths and weaknesses of the team to put people in a position to succeed.
• Action Oriented – enjoys working hard and welcomes challenges; able to act and react as necessary, even if limited information is available; not afraid to take charge of a situation; can overcome resistance to leadership and take unpopular stands when necessary.

Equal Employment Opportunity Policy:

PCS values and is fully committed to diversity and inclusion. It is the policy of PCS not to discriminate against any applicant for employment, or any employee because of age, color, sex, disability, nation of origin, race, religion, sexual orientation, gender identity, or veteran status.

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