Regional Vice President, Commercial Lines

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 BusinessAre you a Referral?If you know a current Encova Insurance associate and would like to apply as a referral, please encourage them to submit your referral information before you submit your application. You will receive an email with a direct URL link to the Job Posting of interest. Applying through this URL link will create your referral relationship for our Talent Acquisition Team.Unique residence requirements are listed in each job posting, please review closely for details. Encova is only able to employ associates who reside and work within specific U.S. states. Our current policies are based on the laws in states in which we are registered for payroll. Our current footprint includes:Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, New Hampshire, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, Wisconsin.JOB OBJECTIVE:The Regional Vice President, Commercial Lines is responsible for the growth and profitability of their region and market segment. With full P&L accountability, the RVP is expected to improve business results; oversee and direct work that improves quality and efficiency; develop technical competencies in their team and provide products and services to compete effectively in the marketplace. The RVP is also accountable for building agency relationships, overseeing sales activities for their market/region, analyzing business performance and trends and recommend adjustments and responses; review changes and compliance requirements and ensure conformance; and develop external customer knowledge about commercial lines.ESSENTIAL FUNCTIONS:Ensure the growth and profitability of a specific market segment and region as measured by their P&L.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 their agency distribution channel and ensure effective sales strategies are executed by their team to drive the growth of the business.Provide expertise to their team and other staff in policy, strategies and tactics, technical disciplines and approaches, develop of products and services, processes and workflows including automation and business rules, regulatory compliance and market conduct matters.Ensure superior decisions and work product by performing regular quality control and directing quality audits.Manager development projects including business requirements and timelines that impact coverages, pricing, rating, systems logic, automation and best practices.Direct the development of pricing strategies from the individual risk to portfolio levels using models and methodologies to support a profitable and competitive pricing approach to the market.Oversee and direct the development and implementation of strategic and tactical product and service development initiatives based on trend monitoring, feedback from stakeholders and review of marketplace competitors.Analyze competitor products, services and pricing intelligence and internal product and service trends/results and 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 and the associate processes based on a solid understanding of and impact to field constituents such as agents, underwriting, customer service, marketing and policy holders. Develop appropriate supporting materials.Create innovative solutions as a result of competitor and internal trend analysis and works with other disciplines to gather input regarding product and service changes and ideas.Effectively utilize all available data to make appropriate product and service development decisions and recommendations.Responsible for the development of guidelines, policies and procedures that address identified business needs and support the achievement of business results. Determine system impacts as a result of process instructions or changes.Bring a solid understanding of compliance issues and regulatory environment in all project development and implementation.Investigate compliance/regulatory issues and concerns and recommend appropriate business solutions and/or strategies based on those issues.Responsible for the development, use and maintenance of Loss Frequency and Severity Benchmarks.Create and maintain other necessary underwr