Our employees are at the heart of what we do: helping people, businesses and society prosper in good times and be resilient in bad times. When you join our team, you are bringing this purpose to life alongside a passionate community.
Feel empowered to learn and grow while being valued for who you are. At Intact, we commit to supporting you in reaching your goals with tools, opportunities, and flexibility. It’s our promise to you.
Who We Are
At Intact Insurance Specialty Solutions, we are experts at what we do in protecting what makes businesses unique. Our deep understanding of the specialty insurance market is the foundation for our customized solutions, backed by targeted risk control and claims services. Our employees are passionate about providing insurance coverage that’s aligned to our targeted customer groups.
Intact’s Global Specialty Lines business spans across more than 20 verticals in four distinct markets: U.S., Canada, UK and Europe. The following opportunity is for our U.S. team.
The opportunity
Responsibilities
We currently have an opportunity for an Underwriting Manager to join our Specialty Technology team based in our Plymouth, MN or Chicago, IL office. The Underwriting Manager assists with the development and execution of strategic initiatives that contribute to overall growth of a line of business in an assigned territory or region. Manages all components of development, growth and profitability for a book of business. Manages profit, losses, and expenses for assigned products in an assigned territory or region. Manages assigned Underwriting staff and has underwriting referral authority to decline or accept risks. Responsible for ensuring compliance with underwriting standards and authorities. Markets products and actively participates in agency planning and relationship building. Some of the Underwriting Manager responsibilities include but are not limited to:
- Manages financial performance of all assigned products in assigned territory or region including: accident year loss ratio, premium plans (including new business, retention, and rate/exposure increases), commission targets, staffing model, and oversight of portions of the budget.
- Manages assigned staff, including development, goal setting, skill assessment, staff selection, role alignment, and performance appraisals of staff. Provides frequent communication and measurement of corporate, regional and local goals. Oversees training and personal development programs within the
- Manages underwriting quality and book management, which includes: executing underwriting strategy (including portfolio management), self-auditing new and renewal business (eligibility, class fit, price to exposure, use of pricing tools, deductibles, insurance to value, analysis of losses, and well documented approvals of underwriting edits). Ensures compliance with standards and authorities are being met. Identifies and analyzes book trends, and manages catastrophe
- Depending on line of business or segment may have responsibility for driving new business production results for assigned territory by underwriting a book of business. This includes writing new business, identifying program opportunities and maintaining high level agency relationships within their assigned producer
- Oversees agency relationships in an assigned region. Frequently travels to key producers, fosters agency relationships and remains highly visible in the marketplace. Participates in agency planning and communicates/monitors agency action plans along with underwriters as needed. Oversees agency auditing, producer training support, and assists underwriters with agency authority
- Maintains a strong professional knowledge of competitive, regulatory and legal environments within the territory or region and applies this information effectively. Consults with other businesses or Home Office staff and may participate on related projects and committees. Participates in industry events as a subject matter expert and representative of the company.
- Provides strategic and tactical input to Management regarding products, book of business and/or region. Determines and make recommendations for marketing, pricing, products and systems.
The expertise you bring
- Bachelor’s degree or equivalent experience and training
- 7-10 years or progressively more complex specialty lines underwriting
- 3-5 years of supervisory experience,
- Professional insurance designation is preferred (AICPCU, RPLU).
Our salary ranges are determined by many factors including location, role, experience, and skillset of the candidate. The following ranges displayed reflect the target base salary for new hires, but your recruiter will share more specific compensation information with you during the hiring process. The typical base salary range for this position is: $147,000 – $196,000, based on the factors aforementioned. For candidates located in San Francisco, CA; Hoboken, NJ; and the New York City metro area, the base salary range is $171,000 -$201,000. In addition to base salary, full time Intact employees are also eligible for bonus potential and a full range of benefits to include but not limited to:
- Comprehensive medical, dental and vision insurance with no waiting period
- Competitive paid time off programs
- 401(k) savings and annual contributions of up to 12% of annual salary
- Mental health support programs, life and disability insurance, paid parental leave and a variety of additional voluntary benefits
Why choose Intact
We live our Values: We are committed to acting with the highest of ethical standards through our five core values: integrity, respect, customer driven, excellence and social responsibility.
Our commitment to Diversity: Founded in our values, we see diversity as a strength and aspire to create an environment where everyone can be themselves, grow and succeed. Together, we will stand up for what’s right to build an inclusive society.
Manage your Time: What you accomplish matters more than hours in the office. We are committed to creating a positive and supportive environment in which you perform your best. Our Time-Off and Flexible Work Arrangement options help foster a healthy work-life balance.
Check out our Glassdoor reviews to see why people love working for Intact!
Our promise to you
Our Values are foundational to our success at Intact. You’ll make a difference every day when you live our Values, do your best work, are open to change, and invest in yourself.
In return, we promise you support, opportunities, and performance-led financial rewards in a flexible work environment where you can:
- Shape the future: Help us lead an insurance transformation to better protect people, businesses and society.
- Win as a team: Collaborate with inspiring people to do your best work every day and together, stand up for what is right.
- Grow with us: Refresh and reinvent your skills, learn from our diverse teams, lift others up, and grow.
About Intact
At Intact Insurance Specialty Solutions we are experts at what we do. Our deep understanding of the specialty insurance market is the foundation for our customized solutions, backed by targeted risk control and claims services. Our employees are passionate about providing insurance coverage that’s aligned to our targeted customer groups. Today, we help protect over a dozen industries with tailored coverages and services.
