Underwriting Portfolio Risk Analyst

A Portfolio Risk Solutions (PRS) Underwriter has responsibility to manage, monitor, expand, and optimize HSB’s portfolio products for assigned Client Companies, with a focus on achieving Profit and Growth targets. This role supports a key strategic initiative, to profitably grow our business acting as a catalyst to new product implementations and performance management of existing client companies.

The PRS Underwriter is responsible to become the thought leader with Clients, bringing innovative solutions utilizing HSB’s vast resources of data, products & services.  Working to tactically deploy HSB’s capabilities to optimize and enhance our client partnerships.

Working closely with Product Managers and with general oversight from the Underwriting Lead, the PRS Underwriter will deploy creative approaches for data analysis (including but not limited to diagnostic and predictive analytics) to understand and optimize product performance.  These analytical approaches are used to design surgical strategies for corrective action to ensure rate adequacy, appropriate price segmentation & detection of leading loss trends. This includes analyzing claims, engineering, expenses, exposure data/profile shifts, pure premium trends & 3rd party exposure data.

The PRS Underwriter is responsible for delivering powerful client presentations (externally) to communicate financial results, data analysis, rate analysis & emerging loss trends. The PRS Underwriter is the technical expert for both our Client and Client Integration Team.

A PRS Underwriter has underwriting binding authority to independently make underwriting decisions that drive their assigned portfolio’s financial results, subsequently impacting the business’ P&L.

The PRS Underwriter has product knowledge for all HSB PRS products with a focus on supporting the products, services and enhancements for each product.  This is accomplished by striving to achieve a deep understanding of coverage and communicating the value of our products to existing clients and prospective clients.

Education and Experience

• Bachelors or equivalent work experience is required
• 5+ years of P&C insurance/reinsurance experience is required;
  • 3+ years in underwriting preferred
• Demonstrated understanding of commercial and personal lines insurance and reinsurance coverage, concepts, principles, exposures and processes to drive profitable results
• Demonstrated ability to translate large data analysis into actionable decisions
• Demonstrated understanding of rate development (pure premium), price segmentation & detecting leading loss trends
• Past experience with responsibility for achieving profit and growth targets for a book a business
• Demonstrated experience with negotiation and conflict resolution
• Exhibited ability to develop creative and unique solutions
• HSB Product knowledge and Previous Experience and familiarity with HSB is desired

Knowledge and Skills

• Financial Statement (Business Finance) knowledge and analysis
• General insurance/reinsurance industry knowledge
• Presentation Skills
• Strong interpersonal, written and verbal communication skills
• Portfolio analysis
• HSB Product knowledge
• Organization and time management skills
• Consultative and Strategic negotiation skills
• Strong project management skills to manage multiple concurrent projects and issues.
• PC skills (Excel, PowerPoint, Power BI, and Word)
• Detail Oriented
• Action oriented with strong analytical, Actuarial skills, Statistical analysis, innovation and persuasion skills to influence change.
• Naturally curious and inquisitive to identify issues and solve problems. Resourceful in order to research issues, assemble support, and recommend creative solutions to underwriting issues.

At The Hartford Steam Boiler, a subsidiary of Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.   

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

We are 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 protected veteran status.  The work environment characteristics, and any physical and mental requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee.  Other duties, responsibilities and activities may change or be assigned at any time with or without notice.