My Insurance Recruiter Inc
Location
Markham, ON | Canada
Job description
Based in Markham, the AVP of Personal Insurance, High Net Worth reports to the Vice President of Specialty Personal Insurance. This position has accountability for the profit and loss of the High Net Worth division our client's Personal Insurance business. Your will be responsible for profitability and growth of personal High Net Worth insurance products with ownership, influence and/or collaboration of business strategies and tactics across all functional areas including national service, actuarial, pricing, analytics, underwriting, operations, sales/distribution, marketing, communications, claims, IT and finance. You are also a key contact for strategic High Net Worth partners to cultivate relationships and create opportunities.
You are a highly polished individual with a strong business mindset that focuses on the end-to-end functions and performance of the business. Partnership with pricing, underwriting, analytics/data science, as well as direct involvement with leaders both inside and outside the organization are key in defining and executing strategies to optimize performance, identifying growth opportunities, prioritizing work, to meet financial objectives.
You will be responsible for premium revenues of approximately $85M with expectations of double-digit profitable growth year over year.
Accountabilities:
Act as the business owner, to drive profitable growth and competitiveness of the business across the country ensuring the operating model supports the overall business
Develop and execute a robust business strategy to propel the business forward through profitable growth focused on data and insights
Act as a general manager of the business to fully understand all issues and opportunities, and to develop plans, objectives and strategies for the business while communicating, collaborating, influencing and driving all functional areas of the organization to achieve optimal outcomes for the organization
Build strong relationships of trust and mutual respect with colleagues. Foster an environment of continuous engagement with pricing, underwriting, business insights, operations, sales/distribution, marketing, communications, claims, IT, finance and analytical and actuarial functions
Develop keen insight on the competitive environment and use this information to fuel actions within the business
Collaborate with the Broker Distribution network to develop regional growth plans, cultivate existing and new relationships
Work with Marketing and Communications to develop a marketing strategy that strengthens our brand as a market of choice for partners and customers
Craft go-to-market strategies and messaging with sales/distribution and marketing, when changes in pricing and/or products are likely to affect brokers or customers
Monitor and evaluate the financial performance of the High Net Worth business, reporting monthly in Performance Management Meetings
Identify the root cause of results and execute initiatives to drive positive performance
Monitor industry, economic and legislative developments and recommend changes in strategies or procedures
Qualifications:
University degree and/or College Diploma specializing in Business
Advance degree and/or professional qualification preferred
Experience in High Net Worth P&C Management and/or Strategy strongly preferred
Extensive experience in the P&C industry with a proven track record of success
Established credibility in the industry and/or marketplace.
Considerable experience delivering profitable growth
Experience managing leaders in a matrix structure
Job tags
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