Job Title: Director of Underwriting 

Location: United States

Workplace Type: Remote

Job Summary

The Director of Underwriting is responsible for planning, coordinating, monitoring, analyzing, and evaluating the activities of the underwriting staff to achieve departmental goals and ensure the company’s profitability through new and existing business. They will manage and monitor all aspects of underwriting, including implementing processes and procedures, controls, and follow-up for the profitable improvement of active accounts through recommended rate increases/decreases, commission adjustments, and coverage changes. As part of the senior leadership team at Homeowners of America, you will help develop the strategy and tactics for Underwriting to support and enable profitable growth.

What You Will Do As A Director of Underwriting

• Develop and enhance underwriting and risk management philosophies and controls in line with company and market conditions. 
• Pursue business development opportunities by gathering information from internal and external marketing, underwriting, partner agents, and general market feedback to focus and execute new company growth initiatives. 
• Maintain complete knowledge of rules, rates, and forms for various products to ensure compliance in each account and keep the Legal Department abreast of filing changes and priorities. 
• Ensure that all company and department processes are compliant with insurance laws, regulations, and company-specific strategies to ensure accuracy and fairness. 
• Implement and execute operational plans to ensure strategic plans and corporate objectives are met. 
• Develop a high-performing team, including performance evaluations of management staff, demand and capacity analysis, and design and implement training programs. 
• Provide reporting and guidance to executive management on production. 
• Cooperate with claims, committee, and audit requests as necessary. 
• Provide high-level expertise and guidance in technical insurance underwriting matters. 
• Act as Custodian of Records for HOA. 
• Function as back up Designated Responsible Licensed Producer. 
• Participate in corporate strategic planning. 
• Participate in corporate Enterprise Risk Management efforts. 
• Provide technical guidance to underwriting, customer service, marketing, and claims associates. 
• Oversee and guide underwriting audits, philosophies, and procedures. 
• Supervise staff by providing coaching, counseling, and performance reviews. 
• Analyze prospective clients’ past history to develop rates for profitable new business. 
• Analyze market trends and competition practices and prices, and keep management informed of any significant developments. 
• Prepare and review various management reports. 
• Participate in meetings with external clients and vendors as necessary. 
• Interview, hire, develop, and terminate staff as needed.
• For the first 6 months, a minimum of 2 times a month for a minimum of 2 days to the Dallas Ft. Worth area.

What You Will Bring As A Director of Underwriting

• Bachelor’s degree or equivalent required. 
• 15+ years’ experience in Underwriting, including at least 10 years of managerial, supervisory, and/or demonstrated leadership experience.
• Experience with Property and Casualty Risk Assessment/Underwriting, specifically property homeowners and condo policies. 
• Demonstrated expertise in insurance business acumen. 
• Experience with call center environments is beneficial but not required. 
• Lead a team with 3 direct reports and 16–20 underwriting professionals
• 220 General License is preferred not required
• CPCU preferred but not required. 

The application window for this position is anticipated to close in 2 weeks (10 business days) from August 9, 2024. Please know this may change based on business and interviewing needs.

At this time, Porch Group does not consider applicants from the following states for remote positions: Alaska, Arkansas, Delaware, Hawaii, Iowa, Maine, Mississippi, Montana, New Hampshire, and West Virginia.

What You Will Get As A Porch Group Team Member

Pay Range*: $157,500.00 - $220,500.00 annually

*Please know your actual pay at Porch will reflect a number of factors among which are your work experience and skillsets, job-related knowledge, alignment with market and our Porch employees, as well as your geographic location.  
 
Additionally, you will be eligible to receive long-term incentive awards, subject to program guidelines and approvals. 
 
You will also be eligible to receive an annual bonus based on individual and company performance, subject to program guidelines and approvals.  

Our benefits package will provide you with comprehensive coverage for your health, life, and financial wellbeing.  

• Our traditional healthcare benefits include three (3) Medical plan options, two (2) Dental plan options, and a Vision plan from which to choose.
• Critical Illness, Hospital Indemnity and Accident plans are offered on a voluntary basis.
• We offer pre-tax savings options including a partially employer funded Health Savings Account and employee Flexible Savings Accounts including healthcare, dependent care, and transportation savings options.
• We provide company paid Basic Life and AD&D, Short and Long-Term Disability benefits. We also offer Voluntary Life and AD&D plans.
• Both traditional and Roth 401(k) plans are available with a discretionary employer match.
• Headspace is part of our employer paid wellbeing program and provides employees and their families access to on demand guided meditation and mindfulness exercises, mental health coaching, clinical care and online access to confidential resources including will preparation.
• Brio Health is another employer paid wellbeing tool that offers quarterly wellness challenges and prizes.
• LifeBalance is a free resource to employees and their families for year-round discounts on things like gym memberships, travel, appliances, movies, pet insurance and more.
• Our wellness programs include flexible paid vacation, company-paid holidays of typically nine per year, paid sick time, paid parental leave, identity theft program, travel assistance, and fitness and other discounts programs.

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