Hartford Steam Boiler Inspection and Insurance Company
Hartford, Connecticut
Chief Product and Risk Officer Location: Hartford, CT, US Job Type: Full-Time Work Mode: Hybrid Job Level: Management & Leadership Company: HSB Employment Type: Regular Area of Expertise: Client & Customer Management Description: Key member of the senior leadership team reporting directly to the Head of Portfolio Risk Solutions 'PRS'. Strategic role in the overall management of the division and owns assumed portfolio underwriting and analytics as well as strategic direction and execution of assumed reinsurance products for both PRS and CRS. Will collaborate closely with Head of Specialty Portfolio in CRS, Head of Global Insurance Innovation Group and HSB's Group CUO. Responsible for establishing rules and guidelines for risk assessment, selection, pricing and management for the portfolio of business. Also responsible for portfolio risk and exposure management, book analysis, coverage selection, pricing performance, staff management and staff development. Responsible for managing the compliance and adherence to corporate and group underwriting and business guidelines and procedures. Responsible for managing all technical portfolio underwriting and client analytics activities. Ensures the quality of underwriting and assures that all Group underwriting, and pricing guidelines, protocols, and controls are consistently applied throughout the division. Oversees the reporting and development of underwriting and related risk capital KPI's to monitor business performance applicable to the assumed reinsurance products. Responsible for the strategic planning and management of assumed product portfolio. Ensures the active monitoring and collection of continuous feedback of products from both the business and customers. Consistently evaluates entire product portfolio for positive opportunities and views the portfolio from different angles dimensions, new factors and new methodologies. Education and Experience Bachelor's degree in business, Finance, Accounting or related field or equivalent work experience 15+ years insurance underwriting and product (or related) experience; 10+ years of people management experience 10+ years of experience of understanding and managing key enterprise decisions on risk appetite and strategy. Demonstrated experience in collaborating with actuarial, pricing and data science. Demonstrated ability to speak the language of these disciplines and partner and influence. Demonstrated experience in leveraging data and analytics to effectively understand risk and make effective business decisions. Knowledge and Skills Deep knowledge of property casualty insurance In depth knowledge of applicable products (property, equipment breakdown, cyber, identity theft insurance, employment practices liability, etc.) Demonstrated Leadership skills. Strong analytical aptitude. Highly proactive, with a high degree of initiative, and naturally curious and inquisitive to identify issues and decisively solve problems, influence change and provide advice and consultation on complex coverage issues Demonstrated data driven decision making and ability to translate complicated concepts into pragmatic solutions for the business Critical thinker and ability to appropriately challenge and influence. Adapt and drive change and innovation. Communicate with diverse individuals and populations of interested parties. Effectively influence, lead and enable people. Think strategically and plan and execute future projects. Awareness and understanding of the regulatory framework, and the regulatory requirements in which insurance carriers operate. In-depth technical knowledge of single risk, program and treaty insurance underwriting and reinsurance in property and casualty lines of business. In-depth knowledge of exposure and experience rating processes. At The Hartford Steam Boiler, a subsidiary of Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services. We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The work environment characteristics, and any physical and mental requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice. Nearest Major Market: Hartford
Chief Product and Risk Officer Location: Hartford, CT, US Job Type: Full-Time Work Mode: Hybrid Job Level: Management & Leadership Company: HSB Employment Type: Regular Area of Expertise: Client & Customer Management Description: Key member of the senior leadership team reporting directly to the Head of Portfolio Risk Solutions 'PRS'. Strategic role in the overall management of the division and owns assumed portfolio underwriting and analytics as well as strategic direction and execution of assumed reinsurance products for both PRS and CRS. Will collaborate closely with Head of Specialty Portfolio in CRS, Head of Global Insurance Innovation Group and HSB's Group CUO. Responsible for establishing rules and guidelines for risk assessment, selection, pricing and management for the portfolio of business. Also responsible for portfolio risk and exposure management, book analysis, coverage selection, pricing performance, staff management and staff development. Responsible for managing the compliance and adherence to corporate and group underwriting and business guidelines and procedures. Responsible for managing all technical portfolio underwriting and client analytics activities. Ensures the quality of underwriting and assures that all Group underwriting, and pricing guidelines, protocols, and controls are consistently applied throughout the division. Oversees the reporting and development of underwriting and related risk capital KPI's to monitor business performance applicable to the assumed reinsurance products. Responsible for the strategic planning and management of assumed product portfolio. Ensures the active monitoring and collection of continuous feedback of products from both the business and customers. Consistently evaluates entire product portfolio for positive opportunities and views the portfolio from different angles dimensions, new factors and new methodologies. Education and Experience Bachelor's degree in business, Finance, Accounting or related field or equivalent work experience 15+ years insurance underwriting and product (or related) experience; 10+ years of people management experience 10+ years of experience of understanding and managing key enterprise decisions on risk appetite and strategy. Demonstrated experience in collaborating with actuarial, pricing and data science. Demonstrated ability to speak the language of these disciplines and partner and influence. Demonstrated experience in leveraging data and analytics to effectively understand risk and make effective business decisions. Knowledge and Skills Deep knowledge of property casualty insurance In depth knowledge of applicable products (property, equipment breakdown, cyber, identity theft insurance, employment practices liability, etc.) Demonstrated Leadership skills. Strong analytical aptitude. Highly proactive, with a high degree of initiative, and naturally curious and inquisitive to identify issues and decisively solve problems, influence change and provide advice and consultation on complex coverage issues Demonstrated data driven decision making and ability to translate complicated concepts into pragmatic solutions for the business Critical thinker and ability to appropriately challenge and influence. Adapt and drive change and innovation. Communicate with diverse individuals and populations of interested parties. Effectively influence, lead and enable people. Think strategically and plan and execute future projects. Awareness and understanding of the regulatory framework, and the regulatory requirements in which insurance carriers operate. In-depth technical knowledge of single risk, program and treaty insurance underwriting and reinsurance in property and casualty lines of business. In-depth knowledge of exposure and experience rating processes. At The Hartford Steam Boiler, a subsidiary of Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services. We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The work environment characteristics, and any physical and mental requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice. Nearest Major Market: Hartford