NextEra Energy

Runs a Florida utility and builds wind and solar farms

Manager Underwriting

UnderwritingPosted on Nov 9

Full-timeNorth Palm Beach, FL, USANo salary listed

About the Job

Requirements

A Bachelor's degree is required.
At least 8 years of relevant experience is required.
Specialty Lines Underwriting experience is required, with demonstrated expertise in standard Casualty lines or non-traditional specialty lines such as Crisis Management, Trade Credit, Accident & Health, Aviation, Political Risk, Kidnap & Ransom, or similar niche lines.
A proven ability to underwrite sophisticated, non-commoditized risks requiring deep technical knowledge, sound judgment, and a consultative approach with cedents and business partners is required.

Responsibilities

Manage a portfolio's performance, including new business production, retention, rate and tier execution, and portfolio management actions.
Manage broker relationships, underwriting referrals, and a production portfolio.
Identify and pursue new business opportunities, cultivating broker and cedant relationships across the U.S. market.
Lead the underwriting and negotiation of treaty reinsurance and program manager contracts, ensuring alignment with company risk appetite and profitability goals.
Collaborate with Actuarial, Claims, and Finance teams to analyze portfolio performance and inform pricing and risk selection.
Manage a book of business by analyzing the quality and quantity of risks written, preparing reports, and monitoring and evaluating outcomes.
Recommend and implement action plans to improve underwriting results.
Manage a profitable book of business by implementing underwriting decisions in compliance with state laws and company guidelines, evaluating results, and conducting portfolio reviews.
Develop integrated assessments of factors affecting profitability, growth, and retention, and recommend, implement, and monitor necessary action plans.
Examine, identify, and evaluate exposures by analyzing insurance applications, internet searches, inspection reports, credit reports, and internal subject matter expert guidance.
Make underwriting decisions to accept, decline, or modify risks within assigned underwriting authority in partnership with the management team.
Execute underwriting strategy as determined by management, including portfolio management and self-audits.
Stay abreast of trends in product-line industries and the insurance market.
Make recommendations for marketing, pricing, products, and systems.
Travel regularly to key accounts and maintain a visible marketplace presence by participating in industry events and committees.
Monitor agency action and participate in account management, agency planning, and marketing meetings to position the business for the future.
Lead, coach, and provide training support to develop junior team members.
Perform other job-related duties as assigned.

Desired Qualifications

Prior experience as a treaty underwriter or program underwriter is desired.
A Master's degree is preferred.
The American Institute for Chartered Property Casualty Underwriter (AICPCU) certification, Registered Professional Liability Underwriter (RPLU) certification, or equivalent is preferred.

Requisition ID: 98703

At PALMS Insurance, a NextEra Energy company, we specialize in offering customized insurance solutions that address the unique needs of our clients. Our commitment to excellence, reliability, and customer satisfaction sets us apart as a trusted provider in the insurance industry. Are you ready to make a meaningful difference? Become a part of our team today.

Position Specific Description

Palms Insurance is currently looking for an AVP, Underwriting, for the Specialty Lines team. This position is responsible for managing their own portfolio’s performance, including new business production, retention, rate/tiering execution, and portfolio management actions. Additionally, they will be responsible for managing broker relationships, underwriting referrals, and maintaining a production portfolio.

Specifically, the AVP, Underwriter is expected to:

Identify and pursue new business opportunities, cultivating strong broker and cedant relationships across the U.S. market.
Lead the underwriting and negotiation of treaty reinsurance and program manager contracts, ensuring alignment with company risk appetite and profitability goals.
Collaborate with Actuarial, Claims, and Finance teams to analyze portfolio performance and inform pricing and risk selection.

The ideal candidate will bring Specialty Lines Underwriting experience, with demonstrated expertise in the standard Casualty lines, or other non-traditional lines of business, such as Crisis Management, Trade Credit, Accident & Health, Aviation, Political Risk, Kidnap & Ransom, or similar niche specialty lines. Prior experience as either a treaty underwriter or program underwriter is desired, and the successful candidate will have a proven ability to underwrite sophisticated, non-commoditized risks requiring deep technical knowledge, sound judgment, and a consultative approach with cedents and business partners.

Job Overview

This position will manage a book of business by analyzing quality and quantity of risks written, prepare reports accordingly, and monitor and evaluate outcomes. This employee would recommend and implement action plans for improvement of underwriting results.

Job Duties & Responsibilities

Manages profitable book of business by implementing underwriting decisions (in compliance with state laws and company guidelines), evaluating results and conducting portfolio reviews
Develops integrated pictures of factors that affect profitability, growth, retention and recommends, implements and monitors necessary action plans
Examines, identifies and evaluates exposures by analyzing documentation from various sources, such as the insurance applications, internet searches, inspection reports, credit reports and internal subject matter expert guidance
Makes underwriting decisions to accept, decline or modify risks within assigned underwriting authority level in partnership with management team
Executes underwriting strategy as determined by management, including portfolio management and self-audits
Stays abreast of trends in the product lines industry and in the insurance market
Determine and made recommendations for marketing, pricing, products and systems
Regularly travels to key accounts and remains a visible presence in the marketplace by participating in industry events and committees
Monitors agency action and participates in account management, agency planning and marketing meetings to best position the business for the future
Leads, coaches and delivers training support to develop junior team members
Performs other job-related duties as assigned

Required Qualifications

Bachelor's Degree
Experience: 8+ years relevant experience

Preferred Qualifications

Master's Degree
Certification: American Institute for Chartered Property Casualty Underwriter (AICPCU) or Registered Professional Liability Underwriter (RPLU), or equivalent

NextEra Energy offers a wide range of benefits to support our employees and their eligible family members. Click here to learn more.

Employee Group: Exempt
Employee Type: Full Time
Job Category: Finance, Accounting & Business Analytics
Organization: Palms Management Services, LLC
Relocation Provided: Yes, if applicable

NextEra Energy is an Equal Opportunity Employer. Qualified applicants are considered for employment without regard to race, color, age, national origin, religion, marital status, sex, sexual orientation, gender identity, gender expression, genetics, disability, protected veteran status or any other basis prohibited by law.

NextEra Energy provides reasonable accommodation in its application and selection process for qualified individuals, including accommodations related to compliance with conditional job offer requirements, consistent with federal, state, and local laws. Supporting medical or religious documentation will be required where applicable and permitted by applicable law. To request a reasonable accommodation, please send an e-mail to [email protected], providing your name, telephone number and the best time for us to reach you.

NextEra Energy will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information.

NextEra Energy does not accept any unsolicited resumes or referrals from any third-party recruiting firms or agencies. Please see our policy for more information.

About the Company

NextEra Energy

Runs a Florida utility and builds wind and solar farms

NextEra Energy owns Florida Power & Light, the regulated utility that supplies electricity to much of Florida, and NextEra Energy Resources, which builds and runs wind, solar, battery storage and nuclear plants across the United States. The company calls itself the world's largest generator of renewable energy from the wind and sun. FPL earns returns set by Florida regulators on the power plants and grid lines it builds, while Energy Resources sells power to utilities, technology companies and other large buyers under long-term contracts. NextEra Energy was formed in 1984 as the holding company for Florida Power & Light, which dates to 1925, and is based in Juno Beach, Florida.

Company size: 10,001+
Company stage: IPO
Headquarters: Juno Beach, FL
Founded: 1984

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