Director of Underwriting - Builder's Risk

Willis Towers Watson (WTW) is seeking ambitious, analytical underwriting talent with 5-10 years of experience in the insurance industry with experience in builders’ risk and property underwriting. This is a high-profile client facing role working directly with WTW CRB NA to develop new and existing partnerships in line with its strategic growth initiatives.  The successful candidate will work in a highly collaborative Verita (MGU) team environment.

Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.

The Role

• Work with WTW’s broking team(s), Verita executives, actuaries, and cat modelers to analyze Verita’s insurance risks on a portfolio level to obtain capacity in the form of delegated authority, reinsurance structures and/or other innovative solutions.
• Negotiate and place Reinsurance Treaties and/or FAC placements utilizing markets from London, the US, Bermuda and around the world. 
• Coordinate and attend underwriting and claim audits with Verita’s capacity markets on a regular basis.
• Ensure that company, market and client related documentation is issued (internally and externally) accurately and on time.
• Comply with external regulatory and internal statutory policies, procedures and regulations.
• Coordinate internal resources, such as analytics, contracts and client services to provide solutions to client(s).
• Meet with senior management both internally and externally to present materials.
• The candidate must have experience in Builder’s Risk, General Liability and Property
  • Candidates with significant experience/relationships in one of these areas will be considered and expected to develop the expertise in the other areas.
• Conduct comprehensive market analysis to identify trends, opportunities, and potential risks to Verita’s portfolio.
• Engage with capacity providers and reinsurance markets to negotiate terms, pricing, and coverage to secure optimal outcomes for Verita.
• Stay abreast of industry developments, regulatory changes, and emerging risks that may impact reinsurance strategies.
• Assist in the training and development of graduate hires. 
• Other duties and responsibilities as assigned. 
• Good understanding of pricing components and rating methodologies
• Uses all appropriate underwriting tools, disciplines and knowledge of strategies to ensure underwriting guidelines are followed
• Exhibits strong underwriting skills through strategic, thorough account reviews and file documentation
• Adheres to guidelines and underwriting discipline to minimize exposure and appropriately price risk. 
• Complete understanding and ability to use sophisticated pricing models across various structures, guaranteed cost, captives, SIR’s, deductibles, etc.

The Requirements:

• Bachelor's degree (B. A.) from a four-year College or university.  
• 8+ years of work experience, preferably in Property and Casualty insurance, reinsurance or related non-life insurance consulting. 
• Understanding of Managing General Underwriter program life cycles and placements. 
• Strong negotiation skills
• Ability to multi-task priorities in a fast-paced, high intensity environment.
• Experience in giving presentations to prospects, capacity partners and internal groups.  
• Computer skills, including Excel, Word, PowerPoint, Outlook.
• Effective analysis, problem solving and communication skills.
• Strong knowledge of property insurance policies and regulations.
• Excellent analytical and problem-solving skills.
• Attention to detail and accuracy in assessments.
• Ability to work independently and as part of a team.
• Very strong technical and leadership qualities
• Well established in the marketplace and has excellent relationships with brokers and agents on both regional and national level
• Well versed and experienced in working, producing and underwriting all sizes of accounts with large brokerage houses, agents and specialty retailers. 
• Established underwriting, quoting and binding track record of profitable business. 

This position will remain posted for a minimum of three business days from the date posted or until a sufficient/appropriate candidate slate has been identified.

Compensation and Benefits
Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on