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TITLE

 

Director of Underwriting

COMPANY

 

Boost Insurance

LOCATION

 

New York City, NY, US

Description

The Company
 
Boost Insurance is a next generation insurance platform built from the ground up with the explicit goal of making the business of integrating with an insurance company as painless as possible. We enable insurtech startups and other consumer technology companies to offer any kind of protection to their customers – how they want it, when they’re most likely to buy it, and who they’re most likely to buy it from. On top of that we provide a technology platform with APIs for everything from rating, quoting, and issuing policies to customer and claims management.
 
We are an early stage startup supported by leading venture capital and strategic investors and we’re seeking highly-driven professionals motivated by the prospect of building something from the ground up – and doing things differently. 
 
The Job
 
The Director of Underwriting will play a critical role on the Insurance Team working with the Director of Insurance Operations, Director of Insurance Product Development, and Director of Claims with all tasks related to the development and maintenance of sound underwriting guidelines and other tasks for each of Boost’s Insurtech Partners. Reporting directly to the Head of Insurance Strategy, the candidate will work cross-functionally with the Growth, Technology, and Legal Teams to implement and manage insurance programs for Boost’s Insurtech Partners, including due diligence, underwriting guideline development, audit and performance oversight, and adherence to program terms.  The candidate will regularly engage with Boost’s reinsurance partners during the program development phase and assist the Head of Insurance with facilitating fronting carrier and reinsurer communication and manage the high-level underwriting needs of Boost’s Insurtech Partners. 
 
The role requires a hungry, driven, and high-performing professional with the creative underwriting mind necessary to responsibly foster innovation in a highly-regulated market.
 
Anticipated Start Date: As soon as possible; no later than February 1, 2019.

Role & Responsibilities

    • Collaborate with the Growth, Technology, and Legal Teams with the research and diligence of potential Insurtech Partner’s insurance strategies
    • Develop and execute underwriting guidelines for Boost’s Insurtech Partners, coordinating with Boost’s reinsurance partners.
    • Work closely with the Directors of Insurance Operations and Insurance Product Development on program development with a focus on marketplace, reinsurance risk, and developing profit & loss projections for each program
    • Work with the other members of the Insurance Team and cross-functionally with the Growth, Technology, and Legal Teams to create and maintain an audit program for each Boost Insurtech Partner that ensures regulatory compliance and report on results monthly
    • Support Head of Insurance Strategy with all communication with Boost’s reinsurance and carrier partners.

Job Requirements

    • Must have 5-10 years of experience in either Property or Casualty lines in an underwriting role
    • Must have deep understanding of the reinsurance market; preferably experienced in either facultative or treaty reinsurance 
    • Must have working knowledge of the insurtech startup market and strong intellectual curiosity
    • Must have creative underwriting mind that is capable of finding solutions rather than defaulting to the status quo 
    • Must have strong quantitative and analytical skills
    • Must have strong interpersonal skills; both written and verbal
    • Must be willing to relocate to and work in New York full-time
    • Strong Preference for experience underwriting more than one line of business
    • Strong Preference for experience underwriting commercial casualty lines of business

Other Important Qualities

    • Long-term goal-oriented consistent with startup life
    • Self-starter with the ability to derive need without being told exactly what to do
    • A fun, badass attitude with a desire to build something huge
    • Willingness to “get in the weeds” and “get hands dirty” with a “no task is too small” attitude
    • Adept at learning and utilizing new technologies in the workplace
    • Insatiable intellectual curiosity and creativity

Compensation & Benefits

    • $100,000 - $125,000 salary + equity commensurate with experience and company stage
    • Employer-Contributed Healthcare
    • Best office dogs in the business
    • Jeans and t-shirts environment
    • Huge bags of Swedish Fish
    • Beer (it’s 5 o'clock somewhere)
    • Work with a close-knit team that always has each other's backs

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