Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group's member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty and property and casualty operations, there are always opportunities here to learn and grow.

At Great American, we value diversity and recognize the benefits gained when people from different cultures, backgrounds and experiences work collaboratively to achieve business results. We are intentionally focused on fostering an inclusive culture and know valuing diversity is an essential leadership quality. Our goal is to create a workplace where all employees feel included, empowered and enabled to perform at their best.

Great American is searching for an Underwriting & Product Development Director to support embedded opportunities for existing units and to lead the development of new-to-Great American embedded products.

Essential Job Functions And Responsibilities

• Supports Great American units with the tailoring of existing products for embedded environments including the establishment of underwriting guidelines, product rules, rates, and forms.
• Supports business units with analysis of embedded deals for underwriting profitability.
• Accountable for business strategy, book growth, risk selection / rejection, pricing strategies, retention, and profitability for embedded-centric lines
  • Uses independent judgment and initiative to support business goals.
  • Maintains a high level of customer service.
  • Analyzes coverage and limit requests and decides what terms to offer.
  • Prices business in accordance with company guidelines.
  • Assesses risk quality and compliance within company guidelines and initiates appropriate loss prevention actions.
  • Orders and screens miscellaneous reports needed in the rating and underwriting processes, such as Motor Vehicle reports, loss history reports, credit checks, outside inspections, loss control, etc.
• Develops deal-specific underwriting workflows for embedded environments and works with technology teams to execute.
• Obtains regulatory approval of product; manages filing process and ensures compliance with statutory requirements.
• Responsible for developing and implementing a business plan to grow the embedded book through prospect identification and pipeline development, new business production, and account management in conjunction with the head of embedded business development.
• Manages and updates strategic plans, leads the annual business planning process, and determines reinsurance strategy for each product.
• Ensures that appropriate reports are available and appropriately used for monitoring product performance.
• Coordinates receipt of pricing and underwriting information. Assists with presentations to prospective clients.
• Interacts with shared service departments such as Corporate Claims and IT.
• May lead or participate in business unit, compliance, claims, agency, program reviews and audits (i.e. compliance audits, rate/pricing reviews, and agency reviews.)

Job Requirements

• Bachelor’s degree in business or a related field is preferred.
• Generally, 7-10+ years of underwriting and product experience in P&C insurance including experience with embedded insurance.
• Understanding of embedded insurance market trends.
• Must have strong analytical skills and the ability to communicate with all levels within the organization.
   

Business Unit

Innovation

Salary Range

$135,000.00 -$185,000.00

Benefits

We offer competitive healthcare, retirement, and paid time off benefits for full-time and part-time benefit eligible employees.

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