SVP HM Specialty

Company :

HM Insurance Group

Job Description :

JOB SUMMARY

This job provides leadership in the development of short and long-range objectives, policies, budgets and operating plans for HM Specialty within HM Insurance Group to assure stability, achieve growth objectives and Corporate goals. Establishes the appropriate structure, supports and leads the culture and philosophy by which the organization operates, and is accountable for the management and control of the affairs and property of HM Specialty within HM Insurance Group. The duties include, but are not limited assisting the President in designing and implementing business strategies; setting comprehensive goals to enable optimized performance and growth; overseeing daily operations of HM Specialty; ensuring all activities relating to work are completed according to specifications and in compliance with all legal matters; leading and motivating employees to encourage maximum performance and engagement; as well as providing business plans to maximize growth and profit, among others.

Directly responsible for the strategy and performance of HM Specialty within HM Insurance Group. This position is responsible for pricing, underwriting, negotiation of contract terms, sales and marketing, account management of HM Specialty business and will oversee other functions - premium collection, claims payments, policy issue, and commissions, and related customer service activities, in multiple office locations as well as work from home staff. Additionally, it provides strategic direction for staffing, performance and training of departmental employees including coaching, consulting and mentoring leadership staff on complex issues related to risk management and reinsurance placements.

ESSENTIAL RESPONSIBILITIES

• Perform management responsibilities to include, but not limited to: involvement in hiring and termination decisions, coaching and development, rewards and recognition, performance management and staff productivity. Plan, organize, staff, direct and control the day-to-day operations of the department; develop and implement policies and programs as necessary: will have budgetary responsibility and authority.

• Sets overall direction and strategy for HM Specialty, including key broker relationships to target, key lines of business to target, structure of potential deals (whether quota share or excess of loss).

• Holds decision making authority under defined underwriting guidelines binding risks related to size and risk tolerance. This position will partner with the President of HMIG and SVP Business Enablement for risks outside of defined authority limits for decision.

• Because HM Specialty is agnostic to product types within the Accident and Health marketplace, the SVP will be required to evaluate and analyze a variety of different opportunities, product types and insurance and reinsurance risk structures in order to maximize returns and minimize risk.

• Responsible for overall profit and loss of HM Specialty including the composition of the book of business and overall sign off on Pricing, Structure and Negotiation of contracts. Negotiating authority includes elements around pricing, expenses, timing, services provided, risk assumed and ceded and other contract terms.

• Responsible for sales and marketing function, including relationship management for existing and prospective new clients. This position is critical in the management of relationships with brokers and counter parties in the reinsurance and insurance marketplace.

• Responsible for growth and premium targets including determining the size of risks written, how to compose the book in a manner to meet profitability and growth targets, managing risk efficiently, and meeting return on capital targets.

• Responsible for the expense management of HM Specialty, including both internal and external expenses. Budgets will be defined and determined collaboratively in advance.

• Work collaboratively with people in all parts of HM organization and the Highmark Health Enterprise.

• Key advisor for others in HM on all matters related to reinsurance, including Blue Partnerships and the structure and pricing of reinsurance excess of loss covers embedded in the quota share deals of our risk partners.

EDUCATION

Required

• Bachelor's Degree

Substitutions

• None

Preferred

• Advanced degree in Law or Accounting

EXPERIENCE

Required

• 10 years in utilizing insurance principles, industry practices, operational and system processes, quality control techniques, resource management and financial management skills

• 7 years in management roles in Reinsurance, Stop Loss, Healthcare, Insurance or Financial services with experience in driving change and process improvements

• 7 years in evaluating technology for implementation in gaining improved services and reengineering process and procedures

• 7 years with utilizing various industry laws and regulations such as ERISA, HIPAA, Sarbanes Oxley compliance, Act 68 and Act 147

• 7 years of presenting and communicating with large audiences, executives, board members and customers

Preferred

• Executive underwriting experience with Reinsurance Company

• Experience with Sales and Marketing

• Experience with HIPPA and Act 68

LICENSES or CERTIFICATIONS

Required

• None

Preferred

• None

SKILLS

• Communicate effectively, both written and verbal. Can adjust based on audience level.

Language (Other than English):

None

Travel Requirement:

0% - 25%

PHYSICAL, MENTAL DEMANDS and WORKING CONDITIONS

Position Type

Office- or Remote-based

Teaches / trains others

Occasionally

Travel from the office to various work sites or from site-to-site

Rarely

Works primarily out-of-the office selling products/services (sales employees)

Never

Physical work site required

No

Lifting: up to 10 pounds

Constantly

Lifting: 10 to 25 pounds

Occasionally

Lifting: 25 to 50 pounds

Rarely

Disclaimer: The job description has been designed to indicate the general nature and essential duties and responsibilities of work performed by employees within this job title. It may not contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees to do this job.

Compliance Requirement : This job adheres to the ethical and legal standards and behavioral expectations as set forth in the code of business conduct and company policies.

As a component of job responsibilities, employees may have access to covered information, cardholder data, or other confidential customer information that must be protected at all times. In connection with this, all employees must comply with both the Health Insurance Portability Accountability Act of 1996 (HIPAA) as described in the Notice of Privacy Practices and Privacy Policies and Procedures as well as all data security guidelines established within the Companys Handbook of Privacy Policies and Practices and Information Security Policy.

Furthermore, it is every employees responsibility to comply with the companys Code of Business Conduct. This includes but is not limited to adherence to applicable federal and state laws, rules, and regulations as well as company policies and training requirements.

Highmark Health and its affiliates prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities, and prohibit discrimination against all individuals based on their race, color, religion, sex, national origin, sexual orientation/gender identity or any other category protected by applicable federal, state or local law. Highmark Health and its affiliates take affirmative action to employ and advance in employment individuals without regard to race, color, religion, sex, national origin, sexual orientation/gender identity, protected veteran status or disability.

Highmark Health and its affiliates prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities, and prohibit discrimination against all individuals based on their race, color, age, religion, sex, national origin, sexual orientation/gender identity or any other category protected by applicable federal, state or local law. Highmark Health and its affiliates take affirmative action to employ and advance in employment individuals without regard to race, color, age, religion, sex, national origin, sexual orientation/gender identity, protected veteran status or disability.

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Req ID: J209966