Yacht Underwriting Manager

We are Farmers - where ambition meets opportunity.

At Farmers, we're not just known for unforgettable jingle - we're a team with a passion for purpose and making a real difference in people's lives. We deliver peace of mind when it matters most. Our results-driven, high-performance culture thrives on creativity, accountability and bold solutions. Here, growth isn't just a goal - it's a way of life for both the organization and every individual on our team. We tackle challenges head-on, learn from every experience and measure our impact on the customers who trust us.

Join an award-winning, equal opportunity employer, where you'll find more than a job - you'll find a supportive community. Enjoy competitive benefits, take part in meaningful volunteer projects, and help shape the future alongside talented colleagues across all backgrounds. At Farmers, helping others is at the heart of what we do.

Ready to make your mark? Discover our vibrant culture and explore career opportunities at www.Farmers.com/careers/corporate. Connect with us on Instagram, LinkedIn and TikTok, and let's build something incredible together!

Workplace: Hybrid ( #LI-Hybrid ), Remote ( #LI-Remote )

Farmers believes in a culture of collaboration, creativity, and innovation, which thrives when we have the ability to work flexibly in a virtual setting as well as the opportunity to be together in person. Our hybrid work environment combines the best of both worlds with at least three (3) days in office and up to two (2) days virtual for employees who live within fifty (50) miles of a Farmers corporate office. Applicants beyond fifty (50) miles may still be considered.

Travel requirement - 10%

Job Summary

Responsible for leading the development of new Yacht product features to include the construction of appropriate policy language, required coverages, and corresponding rating structure. Implements initiatives and also owns delivery capabilities that support consistent, accurate underwriting functions necessary to achieve company financial goals such as growth, profitability and ease of doing business targets. Accountable for core underwriting functions and serves as an expert in system rules, legal & compliance issues, underwriting authority, underwriting appetite guidelines, and underwriting process flow. Helps identify and manage relationships with Yacht Specialist agencies to drive profitable new business growth and maintain renewal retention. This role will evolve into a People Leader position over time to build out a high-performing Yacht Underwriting team.

Essential Tasks

• Responsible for designing, implementing, and helping monitor Yacht product features.
• Develops short term and long-term plans for assigned products and product features.
• Develops and manages business processes, creating improvements in underwriting efficiency, quality and/or productivity, cost reductions, competitive bench marking, organization analysis and customer service improvements.
• Participates and/or leads national projects/programs to substantially impact premium growth, expense reduction and/or profit improvement.
• Initiates, monitors and recommends national validation programs to reduce underwriting leakage.
• Monitors, controls and evaluates the efficiency of the underwriting business rules engine, identifying new rules to support profitable growth and ensure proper rating of new and existing business.
• Ensures compliance within the underwriting process.
• Initiates, evaluates, recommends and implements outside investigation tools to validate information while increasing the return on the tools used.
• Manages several functions including underwriting quality, post-issuance validation, referrals and underwriting authority levels.
• Evaluates, recommends and implements customer selection guidelines to support policy growth while protecting profitability.
• Participates in the development of written personal lines insurance policy contracts to be underwritten by the company; coordinates with Underwriting, Actuarial, Claims, Corporate Legal, Corporate Communications and State Filings to create and/or revise personal lines insurance contracts.
• Collaborates closely with other stakeholders such as Loss Control, Service, Distribution, Product, Claims, IT and/or Underwriting centers.
• Recommends contract improvements by making presentations and proposals as requested and responds to questions from Claims or Legal members of the committee.
• Routinely conducts competitive analysis on contractual forms and underwriting guidelines identifying areas of opportunity for new products and underwriting best practices.
• Stays current on industry knowledge and makes relevant recommendations that may impact lines of business.
• Performs other functions as assigned.

First Year Success Factors

• Successfully Design and Launch Yacht Product Enhancements: Completes an assessment of the current Yacht product portfolio within the first 90-120 days.
• Improve Underwriting Profitability and Quality: Establishes expertise in underwriting appetite, authority levels, referral processes, and business rules.
• Drive Profitable Growth Through Agency Partnerships: Builds strong relationships with key Yacht Specialist agencies.
• Optimize Underwriting Processes and Systems: Evaluates underwriting workflows and system capabilities.
• Establish Thought Leadership in Yacht Underwriting: Becomes the organizations subject matter expert for Yacht underwriting.
• Build and Develop a High-Performing Yacht Underwriting Team: Creates the organizational structure, hiring plan, and talent strategy for the future Yacht Underwriting team.

Education & Career Experience Requirements

• High School diploma required. Bachelor's degree preferred.
• 2+ years of proven experience in a similar underwriting and agency management leadership role preferred.
• 7+ years of Yacht Underwriting and Agency Management experience.
• Demonstrated leadership experience with a track record of managing, developing, and leading high-performing teams.

Physical Actions

Required job duties are essentially sedentary work consisting of occasional walking, standing and lifting and/or carrying 10-lbs. maximum and seeing, hearing, reaching, pulling, speaking, reading and writing.

Physical Environment

Required job duties are normally performed in a climate- controlled office environment.

Benefits

• Farmers offers a competitive salary commensurate with experience, qualifications and location.

o CA Only: $115,275 - $196,130

o CO & ME: $108,375 - $169,070

o HI/IL/MN/VT Only: $108,375 - $181,060

o MA Only: $108,375 - $181,060

• o MD & VA: $108,375 - $181,060

o DC/NJ/NY/OH Only: $108,375 - $196,130

o Albany County, NY/Cleveland, OH: $115,275 - $169,070

o WA Only: $108,375 - $205,750

• Bonus Opportunity (based on Company and Individual Performance)
• 401(k)
• Medical
• Dental
• Vision
• Health Savings and Flexible Spending Accounts
• Life Insurance
• Paid Time Off
• Paid Parental Leave
• Tuition Assistance
• For more information, review "What we offer" on https://www.farmers.com/careers/corporate/#offer

Job Location(s): R_US - United States

Anticipated application deadline: At Farmers, the recruitment process is designed to ensure that we find the best talent to join our team. As part of this process, we typically close open positions within 8 to 21 days after posting. If you are interested in any of our open positions, we encourage you to submit your application promptly.

Farmers will consider for employment all qualified applicants, including those with criminal histories, in accordance with the Los Angeles Fair Chance Initiative for Hiring Ordinance or other applicable law. Pursuant to 18 U.S.C. Section 1033, Farmers is prohibited from employing any individual who has been convicted of any criminal felony involving dishonesty or a breach of trust without prior written consent from the state Department of Insurance.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Farmers is an Equal Opportunity Employer and does not discriminate in any employer/employee relations based on race, color, religion, gender, sexual orientation, gender expression, genetic information, national origin, age, disability, marital status, military and veterans status, or any other basis protected by applicable discrimination laws.

Want to learn more about our culture & opportunities? Check out www.Farmers.com/careers/corporate and be sure to follow us on Instagram, LinkedIn, and TikTok.

Spokane, WA only: Residents who prefer not to provide their address click here to submit your resume via email: careers@farmers.com