Preferred Employers Insurance, A Berkley Company specializes in providing workers’ compensation insurance to California business owners. The company serves three major client segments: Small Business Owners, Mid-Larger Businesses and Group Association Members (Programs). The company’s distribution partners (agents & brokers) number 400+ locations throughout the state. Preferred serves 10,000 policyholders and provides medical claims handling and claims management for policyholders as needed to care for injured workers. The company is rated A+ Superior by industry-rating organization, AM Best & Company.

 

The company is an equal opportunity employer.

The Assistant Vice President - Product & Underwriting will lead the operations and management of our Core and Middle Market segments to ensure continued achievement of profit and loss targets. This leadership role includes

ownership and implementation of user-friendly product features, creating digitally-enabled underwriting workflows, managing the product’s business mix portfolio, assessing the existing portfolio for profitability while determining new opportunities for class code expansion, launching marketing programs to strengthen branding, and translating the product segment’s goals and end-user needs into a distribution strategy that prioritizes profitable growth. The Assistant Vice President – Product & Underwriting will also be responsible for assessing technology options for implementation as needed to ensure optimal segment productivity and industry-leading user experience. A key expectation of this role involves using data-driven customer sourcing and evaluation techniques to generate sustainable revenue and profit. 

 

The ideal candidate will have experience in strategic planning, product ownership, business operations, data analytics, underwriting decision-making and business development. Experience in California workers compensation insurance a definite plus.

 

The Assistant Vice President – Product & Underwriting will:

• Operate as an independent thought leader with accountability to PEI’s Chief Underwriting Officer.
• Lead a production underwriting team of 5-7 professional production underwriters.
• Own product roadmap and lead all aspects of product strategy, development, production and management.
• Manage product segment KPIs to ensure achievement of productivity, profit and growth targets.
• Identify operational improvements to create efficient product delivery and best in class customer experience.
• Analyze new tech/digital tools to optimize the in-depth analysis of new business, renewals, declinations and appetite.
• Create, test and implement models to enhance risk analysis
• Conduct analytical research to identify new business and renewal opportunities.
• Work closely with product stakeholders including, Underwriting, Marketing, Sales and Actuarial on strategy, regulatory changes, compliance, customer service, workflow and implementation schedules.
• Other duties and special projects as assigned.

• Bachelor's degree
• Project Management Certifications such as CAPM (Certified Associate in Project Management), PMP (Project Management Professional) a plus.
• Industry designations such as CPCU, CIC, ARM, AU, WCIRB Essentials or similar designations a plus.
• Minimum 10 years as a product manager, production underwriter, or underwriting director.
• 5+ years of experience in workers compensation insurance.
• Ability to work cross-functionally with technical, underwriting, marketing, sales and senior leaders.
• High-competency analytical skills using Excel, PowerBI and other data evaluation tools are required. Data analysis and data visualization a plus.
• Strong time management skill required for organizing, prioritizing and managing multiple projects.
• Experience communicating product design, Management and go-to-market strategies and plans.
• Familiar with researching, learning and vetting new technology solutions.
• Effective written and oral communications skills
• Data-driven and detail-oriented.
• Strategic thinker with a passion for getting things done.
• Self-starter, innovator and curious by nature.
• Travel (15% to 20%) may be required to meet with customers and to corporate offices.

We do not accept any unsolicited resumes from external recruiting agencies or firms.

The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role include:
• Base Salary Range: $114,000 - $250,000
• Eligible to participate in annual discretionary bonus.
• Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.

The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

Sponsorship not Offered for this Role