Assistant Vice President - Production Underwriting

RICA Republic Indemnity Company of America
Calabasas, CA Full Time
POSTED ON 5/25/2024
Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group’s member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 35 specialty property and casualty operations, there are always opportunities here to learn and grow. We value diversity and recognize the benefits gained when people from different cultures, backgrounds and experiences work collaboratively to achieve business results. We are intentionally focused on fostering an inclusive culture and know valuing diversity is an essential leadership quality. Our goal is to create a workplace where all employees feel included, empowered, and enabled to perform at their best. Join our team at Republic Indemnity! For over 50 years, Republic Indemnity has been a trusted partner for businesses across the western U.S., helping them effectively manage their workers' compensation costs. Our headquarters in Calabasas, California, along with additional offices in San Francisco and San Diego, serve as hubs for our operations. We specialize in workers' compensation primarily in California, with a presence in Alaska, Arizona, Nevada, and other western states. Our Vision: Clear Paths to Success At Republic, we believe in creating clear pathways for everyone - whether it's a broker, policyholder, injured worker, or colleague. We're committed to helping people reach their goals and achieve success. If you share this vision, we invite you to explore an exciting opportunity with us: the role of Assistant Vice President of Production Underwriting. The Role: Driving Profitable Results As an Assistant Vice President (AVP) of Production Underwriting, you'll be based in California and play a pivotal role in our success. Here's what the role entails: Team Leadership: You'll lead our production underwriting team, ensuring they deliver exceptional results. Profitability Focus: Your oversight of underwriting activities will drive profitability. Strong Relationships: Building and maintaining strong broker relationships will be a key aspect of your role. Reporting Structure: You'll report directly to our Senior Vice President of Underwriting Operations. Goals: Your goal? Achieving high renewal retention and driving new business profitably. If you're ready to make an impact and contribute to our growth, let's connect! We'd love to discuss this exciting opportunity with you. Key Responsibilities The key responsibilities of the position are as follows: Accountable for the risk selection/rejection, pricing, retention, growth, and profitability decisions made by the production underwriting team Empowers employees to use independent judgment and initiative to support business goals Ensures business is priced in accordance with company guidelines Assesses risk quality and compliance with company guidelines and initiates appropriate loss prevention activities Ensures that effective business relations with internal and external customers/coworkers are developed and maintained in order to attract and retain profitable business Ensures adequate numbers of visits are conducted with agents, brokers, and producers to retain existing accounts, build and maintain business relationships, and develop new opportunities Ensures the provision of excellent customer service Responsible for the performance and coaching of staff and decisions regarding talent selection, development and performance management Drives underwriting excellence through a high level of engagement Candidate Experience and Characteristics The ideal candidate will possess the following key competencies and characteristics: Industry Experience Generally, 10 years of workers’ compensation underwriting experience including a minimum of 5 years of California-specific experience Technically proficient in the nuances of workers’ compensation insurance Proven career track record of success Leadership Skills Experience managing employees (7 years preferred) to achieve successful business outcomes Ability to attract and develop underwriting talent Willingness to delegate responsibility and authority Ability to manage and develop talent Personal Attributes Highest integrity Excellent communication skills Demonstrated high-level of initiative and self-discipline Results-driven; holds oneself and others accountable Builds relationships and trust, balancing the needs of team members with business results Builds high enthusiasm and motivation Develops team members; provides honest, timely feedback, coaching, and career development opportunities Education Bachelor’s degree in Business, Liberal Arts, or related discipline preferred Compensation and Benefits Republic offers a competitive compensation and benefits package including: Base salary range: $190,000 - $230,000 Eligibility to participate in discretionary bonus plan Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, Retirement & Savings Plan, Discounted Stock Purchase Plan Republic Indemnity. Get a clear way forward. Company: RICA Republic Indemnity Company of America Salary Range: $190,000.00 -$230,000.00 Benefits: We offer competitive healthcare, retirement, and paid time off benefits for full-time and part-time benefit eligible employees. At Republic Indemnity, we have one product and one focus: Workers’ Compensation Insurance. Since 1972 we have been providing workers’ compensation coverage to businesses in all the Western States. We are headquartered in Calabasas, California, with offices in San Francisco and San Diego. Our depth of experience and long-standing commitment to the California workers’ compensation market enables us to provide the highest level of service and outcomes for our clients. We develop innovative solutions to meet the needs of our policyholders, and we build strong relationships with our independent insurance agents and brokers, who write our business and are critical to our success. Republic Indemnity is a member of the Great American Insurance Group and subsidiary of American Financial Group, Inc. which is publicly traded company on the New York Stock Exchange under the symbol AFG. In a fiercely competitive marketplace our financial strength remains unshaken. We are currently rated “A ” (Superior)by AM Best (rating affirmed on December 16, 2022). Republic has been rated “A- “(Excellent) or better by AM Best for over 40 years.

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