Crum & Forster Company Overview:
Crum & Forster (C&F), with a proud history dating to 1822, provides specialty and standard commercial lines insurance products through our admitted and surplus lines insurance companies. C&F enjoys a financial strength rating of "A" (Excellent) by AM Best and is proud of our superior customer service platform. Our claims and risk engineering services are recognized as among the best in the industry.
Our most valuable asset is our people: more than 2000 employees in locations throughout the United States. The company is increasingly winning recognition as a great place to work, earning several workplace and wellness awards, including the October 2023 Great Place to Work® Award for our employee-first focus and our steadfast commitment to diversity, equity and Inclusion.
C&F is part of Fairfax Financial Holdings, a global, billion dollar organization. For more information about Crum & Forster, please visit our website: www.cfins.com.
Job Description:
Assistant Vice President, Underwriting Manager – Seneca Specialty Package, Asian National Division
Summary:
Directly manages a team of underwriters within Seneca’s New York City Branch Office that is focused on Asian American business. Collaborates with Senior Underwriting Leadership Team to determine, create, and implement underwriting tactics. Is accountable for personnel, performance appraisals, new business acquisition, and profit & loss. Key contributor in budgeting, marketing, underwriting, training and administration functions. Maintains customer service through optimizing the effectiveness of current organizational processes and procedures. Establishes and sustains important agency connections via ongoing marketing efforts, customer support initiatives, and involvement in industry functions. This position requires a great deal of underwriting acumen and relationship management skills.
Responsibilities:
- Directly manages a team of underwriters
- Lines of business managed include: primary property, general liability, H&NO auto, umbrella, workers compensation
- Meets profitability, retention, and written premium goals determined by the branch
- Makes independent decisions within underwriting letter of authority. Handles and elevates team referrals as appropriate
- Conducts monthly underwriting audits for team members
- Develops annual financial, operational, marketing, and developmental goals for each team member, and supports team in achieving goals
- Coaches and develops team members by providing regular feedback and coordinating training and career development opportunities
- Holds underwriters accountable for job functions
- Reviews and completes management reports
- Analyzes broker profitability and manages broker base
- Has an in-depth knowledge of branch’s products and services
- Can clearly articulate Seneca’s value proposition and underwriting appetite
- Participates in training and initiatives to develop knowledge base
- Attends industry events and conferences related to Asian Insurance community.
- May take part in projects
- Travel – up to 20%
- Other duties as assigned
Requirements:
- Bachelor’s degree and 10+ years of P&C underwriting experience
- Prior supervisory or management experience preferred
- Knowledge of commercial insurance products
- Strong communication and analytical skills to pursue new business and manager overall relationships
- Excellent organizational and time management skills
- Abidance to branch policies and procedures, including authority levels, to comply with Seneca’s risk control procedures
- Proficiency in software needed to succeed
- Location: New York, NY Hybrid arrangement of 3 days in office, two remote.
What C&F will bring to you:
At C&F you will BELONG
We value inclusivity and diversity. We are committed to equal employment opportunity and welcome everyone regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, or Veteran status. If you require special accommodation, please let us know.
For California Residents Only: Information collected and processed as part of your career profile and any job applications you choose to submit are subject to our privacy notices and policies, visit https://www.cfins.com/onlineprivacypolicy/ca/noticeatcollection/ for more information.
Crum & Forster is committed to ensuring a workplace free from discriminatory pay disparities and complying with applicable pay equity laws. Salary ranges are available for all positions at this location, taking into account roles with a comparable level of responsibility and impact in the relevant labor market and these salary ranges are regularly reviewed and adjusted in accordance with prevailing market conditions. The annualized base pay for the advertised position, located in the specified area, ranges from a minimum of $144,500 to a maximum of $212,000. The actual compensation is determined by various factors, including but not limited to the market pay for the jobs at each level, the responsibilities and skills required for each job, and the employee’s contribution (performance) in that role. To be considered within market range, a salary is at or above the minimum of the range. You may also have the opportunity to participate in discretionary equity (stock) based compensation and/or performance-based variable pay programs.
- Flexible work arrangements.
- Competitive compensation package.
- Generous 401K employer match.
- Employee Stock Purchase plan with employer matching.
- Generous Paid Time Off.
- Excellent benefits that go beyond health, dental & vision. Our Wellness programs focus on your family’s complete wellness, including your physical and mental wellbeing
- A core C&F principle is that you manage your career. To support your development, we have a wealth of ways for you to keep learning, including tuition reimbursement, industry related certifications and professional training available to you.
- A dynamic, ambitious, fun and exciting work environment.
- A spirit of social responsibility, matching donation program, volunteer opportunities, and an employee driven corporate giving.
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