Vice President - Self Storage

Position Summary

The Product Head is responsible for driving the underwriting strategy and aligning the supporting talent and capital to drive results for a given product. They build and/or contribute to the partnerships needed internally and externally to deliver. They provide transparency and ensure metrics and reporting on their product are source of truth. And they provide additional support to the MGU as relates to their product. This role collaborates with MGU President / MD to ensure they are delivering on targets. They promote a culture consistent with Ryan’s values and ensure a sustainable business result.

What will your job entail?

Job Responsibilities

• Drive product underwriting strategy and align supporting talent and capital to drive results:
• Define the product-specific UW strategy consistent with capital provider appetite, premium expectations, mix (if applicable), permissible LR, etc.
• Manage execution of UW strategy, including production/performance by UWer and accountability on rate
• Manage product line portfolio performance (premium, NB/renew, LR, loss drivers, geo mix, LOB mix, etc.), UW guidelines/referrals, compliance and 1st line of defense
• Monitor and refine product offering, including geographic expansion
• Develop and maintain pricing models and associated data with pricing actuarial team
• Arrange bespoke capital and coordinate within MGU and with RSUM on corporate capital partners, when needed
• Attract, develop and retain UW talent; cascade authority when appropriate given capital partner commitments; succession plan to sustain
• Partner both externally and internally to deliver:
• Identify and maintain other critical external partnerships (e.g., TPA relationships, service providers, data providers, etc.) needed to deliver on the value prop for the product
• Partner within RSUM on shared services (actuarial, legal, compliance, etc.) to define own needs and flag concerns
• Provide transparency on results and share best practices beyond own MGU
• Ensure portfolio metrics to monitor health of the product portfolio and support robust communication to RSUM stewardship and capital providers, aligned guidance and agreements
• Ensure integrity of data in any product-related reporting or portfolio reporting as relates to the product
• Provide additional support to the MGU:
• Support distribution relations, as needed
• Lead product-specific marketing, consistent with any overall (RSUM) guidance
• Support the development of business plans with projections of GWP for product(s)
• Support MGU staffing models and compensation strategies as related to product
• Track production (daily/weekly/monthly/annually) and trends, flag divergence, and support updates to MGU forecasts
• Support high quality & timely strategic and financial KPI management reporting as related to product
• Ensure integrity of data in any financial and metric reporting related to product
• Ensure operating plan and associated/enabling initiatives address needs of product
  
  

Work Experience And Education

• Bachelor’s degree or Master’s degree in Risk Management, Actuarial or Business Administration required
• 10+ years of experience in Property and Casualty insurance underwriting
  
  

Licenses & Certifications

• State P&C and/or surplus line license is required
• Industry designations like Chartered Property Casualty Underwriter (CPCU), ARM, AU-M, etc., are a plus
  
  

Technical Skills

• Property and Casualty Underwriting
• Commercial Lines Underwriting
• Market Intelligence
• Business Portfolio Management
• Performance Management
• Financial Management
• Technology Solutions
• Insurance Industry Knowledge
• Insurance Regulatory Compliance
• Knowledge of Underwriting Systems and Tools
  
  

Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.

How We Support Our Teammates

Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them — and their family members — achieve their physical, financial, and emotional well-being goals. In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.

The target salary range for this position is $160,000.00 - $200,000.00 annually.

The wage range for this role considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/.

We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation at HR@Ryansg.com

The above is intended to describe this job's general requirements. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.