Position Summary:
The Underwriting Director is responsible for planning, coordinating, monitoring, analyzing, and evaluating the activities of underwriting staff. Their goal is to achieve department objectives and ensure company profitability through new and existing business.
Location:
Madrid - Spain
What will your job entail?
Job Responsibilities:
• Develop and implement underwriting strategies, policies, and guidelines for product lines, ensuring alignment with organizational goals and profitability.
• Analyze complex information from various sources (financial documents, market data, etc.) to evaluate risk levels associated with insuring individuals or entities.
• Establish financial control guidelines, administrative standards, and best practices.
• Research competitors and market conditions to maintain risk selection criteria and methods.
• Lead and manage a team of underwriters, ensuring efficient operations and adherence to underwriting standards.
• Oversee portfolio performance, review Jumbo loans, escalations, and portfolio requests.
• Stay informed about legal and regulatory changes, ensuring all decisions comply with industry standards.
• Collaborate with product teams to create new insurance offerings and enhance existing ones.
• Interact with brokers, agents, and clients to address inquiries and provide exceptional service.
• Monitor key performance indicators (KPIs) related to underwriting efficiency, accuracy, and profitability.
Work Experience and Education:
· Bachelor’s degree in Risk Management or Business.
· 12+ years of Underwriting experience
· 5+ years of management experience
Licenses & Certifications:
· Chartered Property Casualty Underwriter (CPCU), Associate in Commercial Underwriting (AU), Associate in Personal Insurance (API) or Registered Professional Liability Underwriter (RPLU) is preferred
Technical/Functional Skills:
· Data Analytics
· Financial Analysis
· Legal Knowledge
· Market Insight
· Underwriting Guidelines
· Technical Proficiency
Behavioral Skills:
· Active Listening
· Effective Communication
· Adaptability
· Attention to Detail
· Problem-Solving
· Collaboration
Disclaimer
Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.
