Director, Warranty & Consumer Products Underwriter

Company: Fortegra Financial Corporation
Location: Jacksonville
Posted on: February 25, 2021

Job Description:

Director, Warranty & Consumer Products Underwriter

• 10751 Deerwood Park Blvd, Jacksonville, FL 32256, USA
• Full-time Company Description Fortegra Corporation, an insurance services company, provides insurance-related products and distribution and administration services in the United States. The company was formerly known as Life of the South Corporation and changed its name to Fortegra Corporation in 2008. Fortegra Corporation was incorporated in 1981 and is based in Jacksonville, Florida. Job Description
  • Evaluate and price consumer product warranty and service contract programs.
  • Develop pricing methodologies for new products, including documentation and automation
  • Develop a profitable and sustainable book warranty and service contract business.
  • Manage the profitability of the book of business on a portfolio and on a deal by deal basis.
  • Develop a suite of warranty related products and match to local market needs
  • Develop with the Sales team a profitable pipeline of new business opportunities.
  • Manage and underwrite deals, including risk assessment, pricing, negotiation and closing.
  • Manage the relationships with distribution channels and clients both during underwriting, deal implementation and ongoing deal management stages.
  • Manage the profitability of current programs and re-negotiate renewal terms where appropriate.
  • Establish, manage and implement appropriate underwriting guidelines.
  • In conjunction with actuarial-data intelligence, build and use valuable data in underwriting and marketing services.
  • Liaise with actuarial, finance, legal, claims, ops. & IT, and compliance in structuring and closing deals.
  • Liaise closely with the Sales team in all aspects of warranty sales and business development.
  • Identify and develop long term relationships, partnerships and joint ventures with key (local) TPA-brokers, brokers, clients, MGUs, insurers and other distribution channels.
  • Build high levels of credibility and positive brand recognition for Fortegra.
  • Liaise closely with other Credit, Commercial & Specialty teams to cross sell their products and services through warranty distribution channels and vice versa.
  • Support the CUO in setting and implementing the group business strategy for the consumer products sector. Qualifications
    • 7+ years' underwriting and pricing experience in the consumer products extended warranty / service contract arena.
    • In depth understanding of and expertise across one or all product lines - automotive, retail, wireless.
    • Strong track record of profitable underwriting performance and deal closing.
    • In depth knowledge of TPA's, repair networks, technology and data intelligence.
    • Wide network of long term relationships with agents, TPA's, brokers and other distribution channels.
    • Full understanding of the relevant compliance regulations
    • Bachelor's degree or equivalent work experience
    • Excellent technical underwriting and portfolio management skills aligned with strong commercial acumen
    • Highly effective negotiation and project management skills
    • Experience in building and managing profitable business
    • Ability to accurately analyze financial statements and complex deals
    • Ability to multi-task
    • Focus and goal-oriented disposition
    • Knowledge of and ability to collaborate when necessary with other departments;
    • Excellent organizational skills
    • Strong analytical and problem-solving skills;
    • Ability to meet deadlines without compromising consistency in the process;
    • Experience dealing and handling sensitive information;
    • Ability to work under pressure:
    • Ability to prioritize to guarantee that all issues are allocated the required time to be handled in a professional manner. Additional Information Full benefit package including medical, dental, life, company paid short/long term disability, 401(k), tuition assistance and more. Find us on Facebook at facebook.com/Fortegra All your information will be kept confidential according to EEO guidelines. Director, Warranty & Consumer Products Underwriter
      • 10751 Deerwood Park Blvd, Jacksonville, FL 32256, USA

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