Director, Large Deductible at Employers

Job description

Director, Large Deductible | 100% Remote (WFH) Opportunity General Summary The Director, Large Deductible is a senior leadership role responsible for building and running a high-performing large deductible workers’ compensation practice at EMPLOYERS. This is not a role for someone looking to maintain a steady state. It’s an opportunity for a motivated, forward-thinking professional to shape a critical program at a company in active, ambitious growth. At its core, this role owns the full lifecycle of EMPLOYERS’ large deductible programs: program design, underwriting, loss fund administration, collateral management, financial analysis, and regulatory compliance. The Director serves as the internal subject matter expert and primary point of accountability for LD program performance, client relationships, and operational quality. Success in this role requires someone who takes initiative, thinks several steps ahead, holds themselves and their work to a high standard, and brings the flexibility to adapt as the business evolves. This leader will partner closely with Underwriting, Finance, Actuarial, Legal, and Account Management and will be expected to engage credibly with senior leadership, large account clients, and broker partners alike. At EMPLOYERS, we value people who bring both the technical depth to get it right and the mindset to get it done. Essential Duties and Responsibilities Program Management & Strategy: Lead the design, development, and ongoing management of large deductible product across all applicable jurisdictions. Establish and maintain program guidelines, underwriting parameters, and operational procedures specific to large deductible accounts. Monitor program performance against loss fund adequacy targets and profitability benchmarks; recommend corrective actions as warranted. Act as internal subject matter expert and escalation point for complex large deductible account structures, client negotiations, and loss fund disputes. Evaluate and refine collateral requirements (letters of credit, surety bonds, cash collateral) in coordination with Finance and Actuarial. Takes full ownership of program outcomes. Doesn’t wait to be directed. Proactively identifies gaps, proposes solutions, and follows through with accountability for results. Approaches program management with a quality-first mindset. Documentation, processes, and decisions reflect rigor and a commitment to getting it right. Underwriting: Collaborate with Underwriting leadership to develop and apply appropriate pricing models and loss development assumptions for LD accounts. Review and approve LD account submissions above established authority thresholds. Assess aggregate stop-loss and specific excess coverage structures to ensure adequate program protection. Brings forward-thinking perspective to underwriting decisions. Considers not just the current account but how each decision shapes the portfolio over time. Maintains consistent underwriting quality and discipline even under pressure to write business, holds the line with confidence and clear rationale. Financial Analysis & Reporting: Oversee loss fund adequacy analysis across the LD portfolio, including periodic reconciliation and client reporting. Develop and maintain financial models to project loss fund needs, collateral exposure, and program profitability. Prepare executive-level reporting on LD product performance, trends, and risk concentrations. Coordinate with Finance on loss fund accounting, reserve adequacy, and audit support. Delivers financial analysis and reporting with precision and timeliness. Treats accuracy as non-negotiable and communicates results with clarity for a range of audiences. Comfortable operating with ambiguity in data, knows when to dig deeper and when to make a well-reasoned call with the information available. Compliance & Regulatory: Ensure program structures comply with applicable state regulations governing large deductible workers’ compensation arrangements. Mon