Senior Underwriting Manager at Overhaul

| Austin
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About Overhaul & Overhaul Re

Overhaul’s risk management and fleet safety software helps customers improve the safety of their operations - this has mutual benefits for our customers, as well as their insurance providers. Overhaul Re is a captive cell capitalized by Overhaul and serves as an exclusive insurance facility which can help customers better manage their insurance premiums, while helping insured’s build and improve their safety culture through Overhaul’s Truckshield technology. Overhaul’s emerging Insurance program is gaining rapid interest and has the potential to be a major driver of growth in the years ahead.

 

As the Underwriting Manager of Overhaul Re’s Auto Liability Insurance Program, you will be responsible for building the future of Overhaul Re’s insurance program to drive sustained profitable growth. This is a dynamic, entrepreneurial role in which you will work with insurance partners and Overhaul Re’s senior management to create and market a scalable program that benefits Overhaul Re’s insureds by requiring the adoption of Overhaul technology and providing reasonable insurance coverage.

  

To seize this opportunity, you will work closely with senior management of Overhaul Re to drive consistency in our program development, build strong executive relationships with our Insurance partners, and drive cross-functional support to make this unique Insurance program successful and scalable.

 

 

Position Summary

The Underwriter is responsible for using technical, sales and analytical skills to provide insurance solutions that help Overhaul Re customers manage risk. The Underwriter will have a thorough understanding of Overhaul Re’s strategies and appetites and will use internal and external data to make appropriate individual and portfolio risk decisions.The Underwriter is responsible for the profitable growth of the developing book of business, utilizing underwriting policies and guidelines, rating manual rules and insurance laws and regulations. The open position is remote reporting to the President of Overhaul Re with frequent travel within the United States required.


Essential Duties and Responsibilities include the following.


  1. Underwriting Expertise
  • Reviews applications and financial requirements to determine acceptability of risk in accordance with Overhaul Re’s guidelines and standards
  • Understands pricing components and rating methodology as well as use of the predictive modeling tools; prices risk based on financial and competitive analysis
  • Uses all appropriate underwriting tools, disciplines, and knowledge of strategies to ensure underwriting guidelines are followed
  • Demonstrates technical underwriting skills through strategic, thorough account reviews and file documentation
  • Prepares or analyzes information on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations in order to drive results
  • Adheres to underwriting guidelines and underwriting discipline to minimize exposure and appropriately price risk
  • Keeps current on state/territory issues, regulations and trends

 

  1. Portfolio Management
  • Manages Overhaul Re’s portfolio to achieve gross written premium, profitability, rate, retention, new business and portfolio management goals
  • Prioritizes time and resources to effectively manage and optimize performance
  • Operates with an Enterprise perspective to identify new product opportunities and create growth within other lines of business and/or customer segments
  • Demonstrates in-depth knowledge of Overhaul Re’s product and appetite while clearly communicating Overhaul Re’s position at the point of sale where appropriate

  1. Sales & Distribution Management
  • Works closely with Overhaul’s Insurance Channel Manager to develop producer relationships to build pipeline and agency intelligence while driving performance to meet and exceed results
  • Works closely with Overhaul’s Insurance Channel Manager to develop and implement distributor specific plans, monitor performance, and adjust plan to ensure a substantial pipeline for future profitable growth
  • Works closely with Overhaul’s Insurance Channel Manager to drive effective relationship management and customer activities to build trust, facilitate negotiation and secure commitment with the customer
  • Works closely with Overhaul’s Insurance Channel Manager to proactively identify potential new product opportunities and to deliver comprehensive insurance solutions for the customer

Knowledge, Skills and Abilities

  • Knowledge of Commercial Auto underwriting processes, coverage, and tools to gather and evaluate information in order to reach appropriate decisions on renewals and new business in the Motor Carrier industry
  • Ability to effectively interact and communicate with all levels of external and/or internal business partners within scope of responsibility, team and/or matrix environment
  • Ability to uncover customer needs, position specific solutions, handle objections and close deals
  • Ability to exercise judgment, negotiate and make sound business decisions effectively based on level of authority and underwriting guidelines
  • Strong ability to identify, analyze and solve problems as well as the ability to learn rapidly, adapt quickly to change, exercise influence, and manage and prioritize multiple concurrent projects

Our Core Values and how they benefit you as an “Overhauler”

Authenticity, Receptivity and Trust
·     Extremely competitive base salary package
·      401(k) with Overhaul match
·      Flexible working 
·      Remote, hybrid, and/or In-office*
Encouragement and Learning
·     Progressive advancement opportunity & career mobility
·      Paid development personal stipend
·      Monthly lunch and learns
·      2 Unique learning systems w/Instructor led content
Wellness and Integrity
·     Rotating Overhaul “Perks @ work” (Discounts and Freebies)
·      Overhaul fully provided healthcare plan
·      Employee assistance & wellbeing programs
·      New Parent/Family/Caregiver leave(s)
·      Daily BAMM time (body and mind movement)
·      Life by design vacation policy



Diversity and Inclusivity Statement:

Overhaul has always been, and always will be, committed to diversity and inclusion. Our Overhaul Culture Code’s top listed commitment is to “Diversity and Synergy.”  All aspects of employment will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law. We strongly encourage people from underrepresented groups to apply! 

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Technology we use

  • Engineering
  • Product
  • Sales & Marketing
    • JavaLanguages
    • JavascriptLanguages
    • PythonLanguages
    • RubyLanguages
    • SqlLanguages
    • FluxLibraries
    • ReactLibraries
    • AngularJSFrameworks
    • ExpressFrameworks
    • Node.jsFrameworks
    • Ruby on RailsFrameworks
    • MongoDBDatabases
    • OracleDatabases
    • PostgreSQLDatabases
    • RedisDatabases
    • MixpanelAnalytics
    • HotjarAnalytics
    • AsanaManagement
    • ConfluenceManagement
    • JIRAManagement
    • HubSpotCRM

Location

6801 N Capital of Texas Hwy - Building 2, Suite 225, Austin, TX 78731

What are Overhaul Perks + Benefits

Culture
Friends outside of work
Eat lunch together
Open door policy
Team based strategic planning
Group brainstorming sessions
Open office floor plan
Diversity
Highly diverse management team
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Wellness Programs
Team workouts
Retirement & Stock Options Benefits
401(K) Matching
Company Equity
Child Care & Parental Leave Benefits
Generous Parental Leave
Flexible Work Schedule
Remote Work Program
Vacation & Time Off Benefits
Unlimited Vacation Policy
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Happy Hours
Parking
Pet Friendly
Professional Development Benefits
Job Training & Conferences
Diversity Program
Cross functional training encouraged
Promote from within
Online course subscriptions available
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