Job Title: AVP, Underwriting (Casualty Professional Lines: Miscellaneous E&O)
Primary Location: Remote
Job Level/Band: M3
FLSA Status: Exempt
Department: UW
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We are Hiring!
AVP, Underwriting
Location: Remote
Why choose Palomar?
Palomar is a rapidly growing and innovative insurer focused on providing specialty insurance to residential and commercial customers. Palomar welcomes self-motivated individuals to our thriving company. Guided by an entrepreneurial spirit, Palomar is building a dynamic and diverse team.
Join a company built on a culture of agility, innovation and authenticity that delivers peace of mind and protection to individuals and businesses impacted by adversity.
Want to learn more about our exciting journey? Go to plmr.com to learn more. Investor Relations – Palomar Holdings, Inc. (palomarspecialty.com)
The Details:
We are looking for an experienced AVP, Underwriting to build and lead our E&O coverage product. Successful candidates must be able to produce and manage a profitable book of business through a wholesale only, limited distribution model.
What will you do? (Job Duties)
· Select, price, quote and review new & renewal business in accordance with company underwriting guidelines and experienced, underwriting judgment.
· Independently work with assigned distribution channels to appropriately select risks, evaluate and recommend program structure, services and pricing to achieve a balanced portfolio and long-term profitability.
· Maintain strong business relationships to drive consistent opportunities for new business placement, as well as retain existing accounts.
· Specific experience or fundamental ability to present & defend book dynamics/profile in reinsurance treaty meetings
· Be well versed in underwriting Primary Miscellaneous E&O risks, as well as Excess MPL, A&E, LPL, and other exposures within E&O.
· Evaluate reinsurance requirements and implement appropriate action.
· Lead the development and coaching of an underwriting team, share industry specific knowledge with underwriters of all levels, and perform as a technical underwriting resource.
· As a unit leader, set the example of expected performance by producing new business in addition to the required product management duties
· Actively continue to improve personal knowledge and practices of the insurance industry through work experience, in-house instruction, insurance specific designations (e.g. CPCU), industry courses, home office seminars and workshops, etc.
What we are looking for: (Experience)
· Minimum 10+ years of insurance experience specifically underwriting E&O coverage lines.
· MUST be entrepreneurial
· Excellent communication skills, both verbal and written
· Able to quickly establish and build healthy working relationships, exceeds in mentoring relationships
· Drives for results and takes initiative to help support the team
· Ability to quickly learn and work in various technical platforms
· RPLU or professional insurance designation strongly preferred
· Professional, analytical, and adaptable attitude
· Ability to organize, self-prioritize, and be a self-starter in a fast-paced environment with demanding internal and external deadlines
We love people who want to:
· Build strong relationships through transparency, trust, and respect for each other.
· Work in an agile environment, with a resilient mindset to find creative solutions to challenges.
· Collaborate and celebrate diverse perspectives, promoting inclusivity and equality.
· Do the right thing with strong conviction and integrity.
· Be bold and innovative to help make an impact.
· If you thrive in a dynamic environment, and like working with happy, authentic, talented people, you’ll enjoy a career with Palomar!
What will you get in return?
· Full Suite of Medical Benefits
· Long Term Financial Incentives: All team members receive company equity.
· 401k with 3.5% automatic fully vested Employer Contribution
· Competitive PTO + Holiday Program
· Hybrid Work Environment
· Lifestyle Spending Account
· Professional Development Assistance
· Career Exploration Opportunities
· Regular company-wide social events (even virtually!)
· To learn more visit us at www.plmr.com
Diversity at Palomar
At Palomar, we are committed to diversity, equality, and inclusion in all facets of the organization. We have built an open culture that celebrates the diversity of our workforce, while actively championing equality and inclusion practices that make us a company people want to work with and work for.
We believe that diversity, equality, and inclusion yield greater organizational creativity and productivity, which helps us serve our customers and partners more effectively. Delivering on our diversity commitment returns greater value to our shareholders and ultimately makes a positive impact to the communities in which we do business and to the people who live in them.
Accommodations:
Palomar will consider reasonable accommodations to ensure a qualified applicant with a disability (both visible and invisible) can be considered for the position. Palomar will also consider necessary modifications to the physical work environment, or to the way a job is usually performed, so an individual with a disability can perform the essential functions of the position. Additional accommodations will be considered that enable an employee with a disability to enjoy equal benefits and privileges of employment like those that are enjoyed by other employees without disabilities.
For more information about our company, visit us at www.plmr.com. Palomar is an Equal Opportunity Employer.
No phone calls or agency solicitation please
Pay Range: $132,500 – $200,000
The above pay range is for all US-based roles based on function and level, benchmarked against companies of similar size and scope. To be compliant with local legislation as well as provide greater transparency to candidates, we disclose salary ranges on all job postings regardless of the desired job location. We also offer a competitive annual discretionary bonus program and the opportunity for annual long-term incentive stock grants. In addition, we offer a highly competitive benefits package. Final offer amounts are determined by multiple factors, including candidate experience and qualifications, and may vary from the amounts listed above.
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