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Policy and Performance Underwriter Lead

Company: USAA
Location: Chesapeake
Posted on: November 20, 2023

Job Description:

Why USAA? Let's do something that really matters.
At USAA, we have an important mission: facilitating the financial security of millions of U.S. military members and their families. Not all of our employees served in our nation's military, but we all share in the mission to give back to those who did. We're working as one to build a great experience and make a real impact for our members.

We believe in our core values of honesty, integrity, loyalty and service. They're what guides everything we do - from how we treat our members to how we treat each other. Come be a part of what makes us so special! The Opportunity The OpportunityAs a dedicated Policy and Performance Underwriter Lead, you will leverage data and analytics to build business cases for change supporting Auto and Property Underwriting.Identifies, develops, implements, and manages personal lines P&C Underwriting policies and processes to achieve enterprise priorities. Partners with internal collaborators to maintain P&C Underwriting policies and procedures while ensuring compliance with state regulations. Ensures implementation of complex projects throughout a line of business or specific area.We offer a flexible work environment that requires an individual to be in the office 4 days per week. This position can be based in one of the following locations: San Antonio, TX, Plano, TX, Phoenix, AZ, Colorado Springs, CO, Charlotte, NC, Chesapeake, VA or Tampa, FL. Relocation assistance is not available for this position.What you'll do:

  • Leads and provides mentorship to others on the development and implementation of underwriting guidelines, controls, and strategies for all P&C Lines of Business to achieve P&C outcomes.
  • Owns and handles a sophisticated body(ies) of work that deliver on strategic underwriting priorities by independently capturing qualitative and quantitative analytical data to proactively evaluate and recommend changes to or establish a point of view on the Underwriting appetite for product acceptability.
  • Develops and delivers underwriting educational programs/tools, training/mentoring, and communications to internal and external audiences to include P&C EMG, P&C President, and the Board.
  • Provides direction to resolve risks or impediments, mentors, and shares industry knowledge and experience with other employees.
  • Independently captures qualitative and quantitative analytical data, and teaches others on the utilization of data, to conduct root cause analysis to proactively evaluate and recommend changes to, or establish a point of view on the Underwriting appetite or other underwriting processes
  • Serves as a delegate for leadership. Communicates and shares information across P&C and the Enterprise, tailors messaging for audiences ranging from peers to senior executives
  • Leads the development of large-scale solutions or complex changes to underwriting policies, programs, products, systems, and processes in a highly regulated environment
  • Evaluates and pilots new strategic and innovative business solutions to optimize and automate underwriting processes.
  • Independently configures, tests, and implements detailed underwriting changes while adhering to rule documentation standards.
  • Independently demonstrates data-driven problem-solving techniques, using data analysis tools, to manipulate and interpret business results. Translates findings into insights, crafting into project or Initiative requests where warranted.
  • Ensures risks associated with business activities are effectively identified, measured, supervised, and controlled in accordance with risk and compliance policies and procedures.What you have:
    • Bachelor's degree; OR 4 years of related experience (in addition to the minimum years of experience required) may be substituted in lieu of degree.
    • 8 years of experience in Property & Casualty, Project Management, Process Engineering, Business Process or Risk Management, to include direct experience implementing underwriting processes and/or defining underwriting procedures.
    • Sophisticated knowledge of relevant industry practices, insurance policy contracts, trends, and regulatory requirements.
    • Experience in leading efforts to interpret and apply P&C regulations to mitigate underwriting compliance risk.
    • Experience in making data driven decisions to create actionable recommendations for performance improvement.
    • Experience in communicating analysis and findings to varying levels of management and key partners to gather support for business initiatives and influence strategy.
    • Experience researching, developing, writing, and editing operational procedures and documents
    • Sophisticated proficiency using Microsoft Word, Excel, PowerPoint, and/or Access.What sets you apart:
      • Strong technical expertise with Personal Lines Insurance, with a focus on Underwriting acceptability and premium accuracy programs and risk sharing techniques.
      • Direct line of business process ownership experience to include analyzing business rules, finding opportunities, and developing recommendations.
      • Experience working with third party vendors
      • Advanced knowledge of existing data analytics tools such as ADS, Tableau, or SAS
      • Experience working with third-party data and/or modeling techniques
      • Master's Degree and/or CPCU Designation
      • US military experience through military service or a military spouse/domestic partnerThe above description reflects the details considered necessary to describe the principal functions of the job and should not be construed as a detailed description of all the work requirements that may be performed in the job.What we offer:Compensation: USAA has an effective process for assessing market data and establishing ranges to ensure we remain competitive. You are paid within the salary range based on your experience and market data of the position. The actual salary for this role may vary by location. The salary range for this position is: $104,660 - $199,970.Employees may be eligible for pay incentives based on overall corporate and individual performance and at the discretion of the USAA Board of Directors.Benefits: At USAA our employees enjoy best-in-class benefits to support their physical, financial, and emotional wellness. These benefits include comprehensive medical, dental and vision plans, 401(k), pension, life insurance, parental benefits, adoption assistance, paid time off program with paid holidays plus 16 paid volunteer hours, and various wellness programs. Additionally, our career path planning and continuing education assists employees with their professional goals.For more details on our outstanding benefits, please visit our benefits page on USAA is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Keywords: USAA, Chesapeake , Policy and Performance Underwriter Lead, Other , Chesapeake, Virginia

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