Full-Time

Practice Leader

Posted on 10/25/2024

HUB

HUB

5,001-10,000 employees

Data & Analytics
Consulting
Consumer Software

Compensation Overview

$225k - $250kAnnually

Expert

New City, NY, USA

Category
Insurance
Finance & Banking
Required Skills
Management
Marketing
Requirements
  • 10+ years of insurance underwriting experience
  • 10+ years leadership/management experience
  • Bachelor's degree preferred
Responsibilities
  • Lead this well-established program, with oversight of all aspects of the business.
  • Oversight would include business production, underwriting profitability, claims, carrier relationships, technology, performance reporting and staffing of a large, industry leading program.
  • Working with our carrier partners to ensure underwriting governance and profitability for all lines of business.
  • This includes regular review of loss data, rate change, renewal retention, adherence to underwriting guidelines, policy form changes and new business production.
  • Within SPG, this would require regular contact with finance, actuarial & claims.
  • Managing an office of currently thirteen employees consisting of eight underwriters, one assistant underwriter, two claims administrators and one administrative assistant.
  • Managing broker distribution and key strategic relationships across the country.
  • Working with the carrier claims dept and TPA on more complex claims and identifying new claim trends.
  • Working with and reporting to SPG management on budget status, revenue forecasting, underwriting results (premium/retention/rate/strategy) and profitability of the program.
  • This requires gaining proficiency with our proprietary rating/reporting software and agency management system.
  • Achieve underwriting profitability, premium volume targets and budgeted revenue goals.
  • Working with internal SPG communications and marketing resources to expand our reach and provide continuous advertising throughout the industry as well as reinforcing our identity as market leaders within the security guard, investigative and alarm/electronic security industry.
  • Develop new insurance products or coverage enhancements for the security guard, investigative and alarm/electronic security industries.
  • In addition, drive additional revenue by finding new programs that can be launched or acquired.

Company Stage

Debt Financing

Total Funding

N/A

Headquarters

Chicago, Illinois

Founded

1998

Simplify Jobs

Simplify's Take

What believers are saying

  • Hub's acquisitions expand its market reach and client base.
  • Embedded insurance models create new partnership opportunities for Hub.
  • Digital transformation in insurance boosts demand for Hub's advanced analytics solutions.

What critics are saying

  • Integration challenges from recent acquisitions may disrupt Hub's operations.
  • Rising premiums and limited coverage could lead to customer dissatisfaction.
  • Increased competition in digital insurance platforms may impact Hub's market share.

What makes HUB unique

  • Hub's acquisition strategy strengthens its market position and service diversification.
  • VIU by Hub enhances digital insurance offerings for financial institutions.
  • Hub's focus on personalized insurance solutions meets evolving customer needs.

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