SVP, Product Recall & Contamination

Accountabilities: Lead the Product Recall & Contamination business unit, establishing its strategic direction, market positioning, underwriting appetite, and distribution strategy across the larger middle-market and corporate segments. Take full ownership of business-unit profit and loss (P&L), driving sustainable premium growth, underwriting profitability, portfolio diversification, and overall financial performance. Oversee the assessment and underwriting of product recall and contamination exposures, evaluating manufacturing processes, quality control systems, product safety protocols, and potential business risks. Develop and implement underwriting strategies, pricing models, policy structures, deductibles, limits, exclusions, and coverage conditions tailored to individual client exposures. Build and maintain strong relationships with brokers, insureds, reinsurers, and key industry stakeholders to generate new business opportunities and strengthen client retention. Partner with risk engineering teams and technical specialists to identify potential product failure scenarios and recommend effective loss prevention strategies. Collaborate with claims leadership to analyze complex claims, historical losses, emerging trends, and product safety developments to improve risk selection and underwriting decisions. Monitor industry developments, regulatory changes, manufacturing practices, and product recall trends to anticipate emerging risks and identify new business opportunities. Maintain strong underwriting governance by ensuring compliance with internal guidelines, delegated authorities, operational controls, and applicable regulatory requirements. Work closely with actuarial, claims, legal, risk engineering, and reinsurance teams to strengthen underwriting decisions and optimize portfolio performance. Identify new market opportunities and develop sector-specific strategies that support premium growth, market expansion, and profitability objectives. Recruit, lead, develop, and retain a high-performing team of underwriting and business-unit professionals, fostering accountability, collaboration, and continuous improvement. Define operational requirements and collaborate with technology, finance, analytics, and operations teams to improve workflows, reporting, data quality, and business scalability. Represent the business unit at the executive level, communicating financial performance, strategic priorities, market opportunities, and key risks through clear and actionable reporting. Requirements Extensive progressive leadership experience in product recall and contamination underwriting within an insurance carrier, specialty insurer, Managing General Agent (MGA), or comparable insurance platform. Demonstrated success leading a business unit or substantial insurance portfolio, with direct accountability for growth, profitability, and underwriting performance. Deep technical knowledge of product recall and contamination insurance products, including risk exposures, policy forms, pricing strategies, coverage structures, and claims trends. Strong commercial and strategic judgment, with the ability to balance market opportunities against disciplined underwriting practices and effective portfolio management. Proven ability to develop business strategies, translate them into actionable operating plans, and deliver measurable financial and operational results. Established professional relationships and credibility with brokers, corporate clients, reinsurers, and relevant industry partners. Strong executive communication, negotiation, and influencing skills, including the ability to present business strategies and performance results to senior leadership and external stakeholders. Excellent financial and analytical capabilities, including expertise in portfolio metrics, forecasting, financial planning, and performance reporting. Demonstrated leadership and talent-development abilities, with experience recruiting, mentoring, and retaining high-performing teams. Strong decision-making, problem-solving, and organizational skills, with the ability to manage complex priorities in a fast-paced environment. Ability to operate effectively in an entrepreneurial, collaborative, and evolving business environment. Must be legally authorized to work in the United States. Benefits Annual Base Salary: National salary range of $232,000–$290,000, depending on qualifications, experience, skills, and relevant education or training. Performance Bonus: Eligibility for additional bonus compensation, with further details provided during the recruitment process. Employee Ownership Program: Opportunity for eligible employees to share in the company's financial success and growth. Retirement Benefits: 401(k) retirement savings plan with employer matching contributions. Healthcare Coverage: Comprehensive medical, dental, and vision insurance. Health Savings: Health Savings Account (HSA) with an employer contribution. Insurance Protection: Life and Accidental Death and Dismemberment (AD&D) insurance, as well as short-term disability coverage. Voluntary Benefits: Supplemental accident, critical illness, and hospital indemnity insurance. Work-Life Balance: Various paid time-off programs and 11 company-paid holidays. Remote Work Support: Work-from-home reimbursement for eligible remote and hybrid employees. Professional Development: Opportunities for continued learning, professional development, and career advancement. Financial Wellness: Access to financial wellness resources through the Addition Wealth program. Employee Assistance: Confidential Employee Assistance Program and emergency financial support through the Canary program. Additional Perks: Employee discounts, owner referral program, and other employee-focused benefits.