The Senior Vice President of Underwriting will lead and oversee the underwriting team of the organization, ensuring the highest standards of risk assessment, pricing accuracy, and policy development. This role requires strategic leadership, a deep understanding of market trends, and the ability to drive profitability while maintaining strong relationships with key stakeholders.

Key Responsibilities:

1. Strategic Leadership:

• Working along with the Chief Insurance Officer, develop and implement underwriting strategies aligned with the company's overall business objectives.
• Provide vision and direction recommendations for the underwriting department to optimize performance and efficiency.

2. Risk Assessment and Management:

• Oversee the evaluation of risk exposure for various insurance products.
• Ensure adherence to risk management policies and regulatory requirements.

3. Team Development:

• Lead, mentor, and develop a high-performing underwriting team.
• Foster a culture of collaboration, accountability, and continuous improvement.

4. Policy and Pricing:

• Implement underwriting guidelines and pricing strategies that support profitability and competitiveness.

5. Collaboration and Communication:

• Work closely with the Chief Insurance Officer to align underwriting practices with marketing, sales, and claims functions.
• Engage with brokers, agents, and clients to build strong relationships and understand market needs.

6. Performance Monitoring:

• Analyze underwriting performance metrics and implement strategies for improvement.
• Prepare reports for the executive team on underwriting results and trends.

7. Innovation and Technology:

• Leverage technology and data analytics to enhance underwriting processes and decision-making.
• Stay updated on industry trends and innovations to maintain a competitive edge.

• Bachelor’s degree in finance, business administration, or a related field required
• Minimum of 15 years of experience in underwriting, with at least 5 years in a leadership role.
• Strong understanding of insurance products, market dynamics, and regulatory environment.
• Proven ability to lead and motivate teams, drive change, and achieve business objectives.
• Excellent analytical, problem-solving, and decision-making skills.
• Exceptional communication and interpersonal abilities.

As a fully remote company, the compensation range provided is based on a wide range of factors including, but not limited to, skill sets, experience, and other business and organizational needs and is based on national averages*. At Foresight, and its subsidiaries, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the current range is $160,000 - $175,000 + bonus + equity.

*Location will be considered if the role is required to be located in a certain geographic area