Senior Underwriter

  • 37521
  • Non-Life - Underwriting
  • |
  • New York, United States
  • |
  • Jun 10, 2020
Insurance
RESPONSIBILITIES
  • Develop a profitable book of property insurance business for US - domiciled upper middle market and middle market accounts within the Northeast Region.
  • Assist in the creation and execution of business plans in collaboration with our Distribution Management and Strategy & Marketing divisions to achieve targeted production with identified key retail brokers. Understand company’s risk appetite and identify target occupancy classes with these producers.
  • Develop and maintain relationships with approved retail brokers, with expected travel within the Northeast Region; prepare and deliver presentations, and training on our new products as necessary.
  • Underwrite, maintain, and grow a profitable book of business in the admitted property market with retail brokers: evaluate and prioritize submissions; analyze exposure and coverage requests; determine acceptable deployment of gross and net capacity, determine pricing and negotiate final terms on an account basis. Monitor his/her portfolio metrics such as bind to submit, bind to quote, and retention.
  • Identify new business opportunities to differentiate the company, and assist the Northeast Region Property Executive and the Property Operations manager for their development.
QUALIFICATIONS
  • Bachelor's degree.
  • Additional industry-specific study or designations are a plus.
  • 5 to 7 years of property experience handling middle market and upper middle market property accounts. This should include at least 3 years at an admitted carrier as an underwriter.
  • Must have well developed active listening, problem solving mindset and interpersonal skills for developing and strengthening broker relationships, and collaborate internally with other business units, actuarial, and corporate underwriting.
  • Strong communication, business writing, and oral presentation skills must be excellent.
  • Must have well developed business acumen to understand performance metrics, develop and implement profitable growth strategy within his/her dedicated territory.
  • Must have strong organizational skills and ability to work independently.
  • Sound technology capabilities in Microsoft products such as Excel, Word, and PowerPoint and ability to use and manipulate data.
  • Knowledge of CAT Modeling parameters to assess an account exposure and its impact to overall portfolio, with ability to calculate sufficient cat rate.
  • Knowledge of the regulatory environment of the property admitted market.
  • Understand the key elements of risk selection and risk assessment, can develop loss estimates, can formulate and negotiate a risk mitigation plan based on survey reports, and place facultative reinsurance strategically when necessary.