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The Strategic Initiatives Analyst will work closely with the Strategic Initiatives Director, to support the design, creation and implementation of strategies, tools and projects that will enable Admiral to strengthen its operating model by enabling scale and leveraging capacity. This individual will support and enable project execution across the organization largely around process optimization efforts.
- Support Admiral’s strategic initiatives program and projects.
- Data analysis and interpretation of results including staffing models, performance quartiles and work alignment analyses.
- Generate presentations and communication materials relevant to project execution.
- Collaborate with ALL departments and business lines to identify, prioritize, and execute key strategic initiatives and process improvements.
- Support the design and development of KPIs and control tools.
- May perform other functions as assigned relevant for problem solving or project enablement.
The Financial Analyst, Financial Planning and Analysis is a key member of a growing Financial Planning and Analysis team. The role is responsible for developing and producing high quality financial models, running the annual budgeting process, creation of forecasts and KPI and providing analysis to help senior management make major operational, financial and strategic decisions. The position will partner with departments across the organization to provide valuable insights, create compelling data-driven analysis, and ensure forecast/budget projections and financial models support the organization’s overall strategic initiatives. This role is suitable for professionals with intellectual curiosity and a great opportunity to gain cross functional exposure while helping to drive fact-based business decisions across the organization.
- Conduct financial forecasting and create financial models (forecast, budget, and related exhibits) to support business planning efforts.
- Collaborate with cross-functional teams to identify and analyze financial trends, risk, and opportunities.
- Provide guidance and support to business leaders on financial planning, budgeting, and forecasting process.
- Develop and maintain financial performance metrics to support business objectives.
- Monitor and analyze industry trends and benchmarks to identify opportunities for growth and improvement.
- Present financial analysis and insights to senior leadership in a clear and concise manner.
- Prepare and communicate profitability analysis focusing on actual results compared to budget/forecast quarterly.
- Assist with monthly production of Senior Management Reporting package.
- Identify process improvement opportunities to streamline workflow enabling increased focus on analytics.
- Perform ad-hoc financial analysis as needed to support our business partners.
The Senior Financial Analyst, Financial Planning and Analysis is a key member of a growing Financial Planning and Analysis team. The role is responsible for assisting in the production of financial models, the annual budgeting process, creation of forecasts and KPI and providing analysis to help senior management make major operational, financial and strategic decisions. The position will partner with departments across the organization to provide valuable insights, create compelling data-driven analysis, and ensure forecast/budget projections and financial models support the organization’s overall strategic initiatives. This role is suitable for professionals with intellectual curiosity and a great opportunity to gain cross functional exposure while helping to drive fact-based business decisions across the organization.
- Conduct financial forecasting and create financial models (forecast, budget and related exhibits) to support business planning efforts.
- Collaborate with cross-functional teams to identify and analyze financial trends, risk and opportunities.
- Provide guidance and support to business leaders on financial planning, budgeting and forecasting process.
- Develop and maintain financial performance metrics to support business objectives.
- Monitor and analyze industry trends and benchmarks to identify opportunities for growth and improvement.
- Present financial analysis and insights to senior leadership in a clear and concise manner.
- Prepare and communicate profitability analysis focusing on actual results compared to budget/forecast quarterly.
- Assist with monthly production of Senior Management Reporting package.
- Identify process improvement opportunities to streamline workflow enabling increased focus on analytics.
- Perform ad-hoc financial analysis as needed to support our business partners.
The Underwriting Assistant will provide general underwriting support to the Department including the processing of binders, policies, endorsements, submissions and other client related correspondence for new and existing Casualty General Liability accounts.
- Binder & policy issuance.
- Processing of endorsements and related correspondence.
- Requests additional information for subjectivities, endorsements, surplus lines taxes.
- Issues notices of cancellation, non-renewal notices or reinstatements within authority.
- Responsible for accuracy and maintenance documentation in underwriting files.
- Detail oriented and uses sound judgement to problem solve.
- Provides backup support for clearance processing.
- Other duties as assigned.
The Underwriting Operations Manager plays a pivotal role in overseeing and managing the operational aspects of the insurance underwriting operations department. The role involves ensuring efficient underwriting processes, adherence to regulatory requirements, and fostering a high-performing team environment. The manager is responsible for coordinating various operational activities to support underwriters, maintain/exceed service standards, and deliver exceptional service to clients.
Team Leadership and Management:
- Lead, mentor, train and motivate the underwriting operations staff.
- Set clear performance expectations, provide regular feedback, and conduct performance evaluations.
- Foster a collaborative and supportive work environment to maximize team productivity and engagement.
Operational Strategy and Planning:
- Develop and implement operational strategies aligned with the underwriting department's goals and objectives.
- Establish and monitor key performance indicators (KPIs) to track operational efficiency and effectiveness.
- Continuously evaluate and improve processes to streamline underwriting operations and enhance overall productivity through enhanced & continual training.
Underwriting Process Management:
- Oversee the underwriting operations workflow to ensure timely and accurate processing of binders, policies, endorsements, and other assigned tasks.
- Monitor work items to ensure compliance with regulatory requirements and company policies.
- Identify opportunities to automate processes and leverage technology solutions to improve efficiency.
Stakeholder Communication and Relationship Management:
- Serve as a liaison between the underwriting department and other internal stakeholders, including home office, claims, finance, and marketing.
- Address inquiries and resolve issues related to underwriting operations in a timely and professional manner.
Compliance and Regulatory Oversight:
- Adhere to state requirements and compliance directives as communicated by the Compliance Department with regard insurance regulations, industry standards, and best practices related to underwriting operations.
The Premium Audit Review Analyst I - will develop and apply premium audit expertise in order to complete timely and accurate premium audit review and processing. Deliver excellent service to both internal and external customers. Develop strong technical knowledge of industry class codes as it pertains to Admiral’s underwriting appetites.
- Review and process returned Premium Audit reports.
- Identify discrepancies compared to the pre-audit details regarding class codes, sales, payroll, etc. to determine if there is any additional or return premium to be processed.
- Communicate with Underwriters and Brokers to ask questions regarding the policyholder’s operations.
- Create the Audit Worksheet and process endorsements as needed.
- Document file with findings and details of steps taken during audit review process.
- Review results with Supervisor, Underwriter, or Underwriting VP regarding unusual items for approval.
- Identify and acknowledge a dispute; inquire about valid value-added information and determine validity. Forward to vendor for review. Revise audit if needed.
- Monitor, document, and correspond to internal/external correspondence in regards to answering basic questions regarding an audit.
- Perform other related duties or special projects as assigned by company leadership or as situation dictates.
The Vice President, Excess Casualty is responsible for the efficient operation of the Excess Casualty Department to include establishment of policies and procedures relative to underwriting and administration. This also includes direct underwriting of various classes of business in the assigned territory and monitoring the profitability of the book of business.
- Responsible/Participate in the hiring, promotion, salary administration, training, and termination of personnel.
- Assess and evaluate the team’s performance on a formal and informal basis.
- Management of their team’s book profitability.
- Assure compliance with underwriting guidelines and practices for their specific niche of business.
- Complete UW Audits per company guidelines.
- Make recommendations to management for improved underwriting guidelines and coverages.
- Assign underwriting territories and monitor to keep track of trends, profitability, and production.
- Develop and implement marketing programs for the specific niche of business including personal visits to new and existing brokers. Evaluate quality/profitability of business and make recommendations for assignments and terminations of brokers.
- Underwrite and select new/renewal business that will produce an underwriting profit for the company.
- Assist staff in the underwriting and pricing of difficult risks on a referral basis, and based on underwriting authorities as established within the department.
- Participate in and provide recommendations for the annual budget process for the team and specific niche of business.
- Provide staff with a summary of reports / key data and give direction on opportunities or areas we need to correct.
- Work with Finance, Actuaries, Claims Dept. to gather data to analyze the performance of the specific niche of business and team.
- Assist SVP / CUO as needed.
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The Senior Professional Liability Underwriter - A&E, Contractor's E&O, MPL and Tech/Cyber - will work in a team setting generating, underwriting and analyzing accounts for development of new and renewal Professional Lines business.
- Compliance with underwriting documentation rules and guidelines.
- Maintain an acceptable underwriting profit.
- Adherence to Admiral underwriting guidelines and referral compliance.
- Development and maintenance of key broker/agent relationships.
- Participates in all internal company training and continuing education.
- Remains current on product releases as it pertains to line of business.
- Leads strategic marketing calls to key brokers (up to 25%).
- Management and development of business and broker relationships new to the organization.
- Stay abreast and knowledgeable on market trends in terms of forms, coverage and appetite to maintain competitiveness.
- Active mentorship and training of Associate Underwriters and Underwriters.
- Act as a referral authority for Associate Underwriters and Underwriters.
The Underwriting Intern will train with key team members to learn and participate in the process of underwriting and servicing of renewal accounts for the development and retention of Admiral business.
The duration of the internship is approximately ten (10) weeks.
- This temporary based position requires strong analysis skills applied in learning the evaluation and pricing of Admiral renewal business in accordance with service standards, objectives, and following Admiral underwriting guidelines.
- Availability to work independently, both on a remote and potential on a hybrid based in-person schedule through the summer months.
- Perform ad-hoc financial analysis as needed to support our business partners.
The Senior Professional Liability Underwriter - Tech/Cyber, E&O, or Medical Malpractice - will work in a team setting generating, underwriting and analyzing accounts for development of new and renewal Professional Lines business.
- Compliance with underwriting documentation rules and guidelines.
- Maintain an acceptable underwriting profit.
- Adherence to Admiral underwriting guidelines and referral compliance.
- Development and maintenance of key broker/agent relationships.
- Participates in all internal company training and continuing education.
- Remains current on product releases as it pertains to line of business.
- Leads strategic marketing calls to key brokers (up to 25%).
- Management and development of business and broker relationships new to the organization.
- Stay abreast and knowledgeable on market trends in terms of forms, coverage and appetite to maintain competitiveness.
- Active mentorship and training of Associate Underwriters and Underwriters.
- Act as a referral authority for Associate Underwriters and Underwriters.
The Sr. Financial Analyst - Reinsurance is responsible for all aspects of Reinsurance financial operations and reporting, and the primary resource for all day-to-day reinsurance related matters for the Company. Provide financial analysis on related accounts while ensuring delivery of high standards of service to our internal and external customers.
- Responsible for accurate processing of reinsurance premium and loss cessions in FRS system, including completing associated general ledger entries and reconciliations.
- Perform financial analysis on all reinsurers with whom the Company has significant financial exposure and determine collateral requirements.
- Responsible for completing quarterly Statutory Schedule F reporting.
- Accurately interpret reinsurance contracts and calculations and identify impact to related functions such as claims, finance, and underwriting.
- Prepare and present formalized management reporting and analysis over all reinsurance receivables. Determine a course of action for aging receivables.
- Actively seek enhancements and make recommendations for new processes to improve efficiencies.
- Develop effective working relationships with the Company’s internal and external business partners (Reinsurers, Intermediaries) to ensure customer needs are met.
- Manage timely and accurate reinsurer billings and collection of receivables. Respond to inquiries from reinsurers, brokers and auditors.
- Perform other special projects and assignments.
- NOTE: This is a hybrid based, in-office position.
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