Regional Vice President, Commercial Lines

Overview We are seeking a proven insurance leader preferably residing within the listed states within our Midwest territory who have established agency relationships and strong regional market expertise to support our strategic growth initiative. Jurisdictional knowledge and leadership experience in underwriting across the Midwest are strongly preferred. The position will report to a Senior Vice President, Commercial Lines - Small Business. Responsibilities The Regional Vice President, Commercial Lines is responsible for the growth and profitability of their region and market segment with full P&L accountability. Oversee and direct the performance of a multi-disciplinary team of professionals and support staff; develop and implement strategic direction, best practices and business plan objectives. Effectively manage the agency distribution channel and ensure sales strategies are executed to drive growth. Provide expertise in policy, strategies and tactics; develop products and services, processes and workflows including automation and business rules, regulatory compliance and market conduct matters. Ensure quality control and conduct quality audits; manage development projects affecting coverages, pricing, rating, systems logic, automation and best practices. Direct pricing strategy development from individual risk to portfolio levels using models and methodologies to support profitability and market competitiveness. Oversee product and service development initiatives based on trend monitoring and stakeholder feedback; analyze competitor products, services and pricing; make recommendations for new and revised products, processes and systems. Present to and train internal and external stakeholders on product and service introductions and enhancements; develop supporting materials. Lead cross-functional collaboration to gather input on product and service changes; utilize data to inform decisions. Develop guidelines, policies and procedures addressing business needs and supporting results; determine system impacts of process changes; address compliance and regulatory concerns. Develop, use and maintain underwriting instructions and policy; work with field sales to develop state profit and growth strategies including product positioning. Lead a technical pricing team; coordinate rate revisions with systems integration and field organization; make fact-based strategic decisions considering market, regulatory, claims trends, and distribution channels. Communicate key profit metrics with Claims Operations, Underwriting Operations, and Agency Operations. Qualifications A Bachelor's degree from an accredited four-year college or university strongly preferred; Master’s degree in management or relevant business area preferred. A minimum of five years of experience with a property/casualty insurance carrier handling commercial lines products including workers’ compensation is required; a minimum of five years of management experience preferred. Professional insurance designations relevant to area of expertise desired. Periodic travel in designated region required; knowledge to develop best practices in assigned areas of expertise. Ability to determine regulatory compliance and apply judgment to ensure processes meet standards; strong communication, analytical, research, documentation and writing skills. Ability to work effectively in a team; ability to manage multiple projects; ability to interpret complex information and implement improvements. Knowledge of underwriting administration, risk administration and classification, insurance and risk management, accounting or business administration, premium audit or underwriting and loss control; understanding of policy forms and content. Ability to articulate financial results and impact of strategy to senior management; capable of building effective working relationships with others. This position has been evaluated in accordance with the Americans with Disabilities Act. Encova Insurance makes every effort to reasonably accommodate disabilities and candidates needing accommodation are encouraged to seek it. Other Information This description reflects the nature and level of work performed by associates in this position. It is not an all-inclusive inventory of duties, responsibilities and qualifications required. Encova Insurance reserves the right to add or delete functions from this job as it deems necessary for business reasons. Benefits and Culture Ready to join our team? At Encova Insurance, we believe associates drive our company’s success by delivering unrivaled service. We offer a comprehensive benefits package including health, dental & vision insurance; company-provided life and income protection plans; 401(k) with 100% company match up to 7%; paid time off; flexible work arrangements; and other benefits subject to policy terms. Encova is an EOE/E-Verify employer. For job alerts and referrals: sign-in to access job alerts or refer an Encova associate by submitting referral information before you apply. You will receive an email with a direct URL link to the job posting to create a referral relationship with our Talent Acquisition Team. #J-18808-Ljbffr