Underwriter – Property & Casualty
About the Opportunity:
Responsibilities & what you’ll be doing:
- Produce and underwrite new and renewal business by assessing the risk, pricing, choosing the appropriate market/company, preparing final quote and sending it to the broker; to consistently achieve budgeted financial results (premium, loss ratio, retention, commissions, pricing, new business, premium collection, and expense management) through execution of market segment strategies.
- Interact and collaborate with a team of market segment colleagues and other critical internal/external business associates.
- Underwriter is responsible for assessing, loss analyzing, negotiating, rating, and issuing new business, renewals and endorsements for an assigned portfolio based on the company’s underwriting pricing and guidelines.
- Produce policy changes and endorsement by underwriting, pricing and issuing policies;
- Establish and maintain professional working relationships with markets/companies and brokers through telephone conversations and one-to-one meetings (as may be required);
- Overall administration of assigned accounts from submission to expiration;
- Corresponding directly with brokers and other external contacts;
- Collaborating and corresponding verbally and in writing with internal support teams;
- Performing quality control of rating, coding, and issuance output to ensure accuracy of work
(e.g. exposure bases, limits, coverage extensions, modifications, data entry, etc.); - Mentor / train junior underwriter(s) and technical assistant(s);
- Continuously manage book of business (maintain quality of business required by market segment strategy).
- Accountable for accurate underwriting documentation/ information in account management systems and adherence to documentation standards.
- Customer interaction focuses on meeting customer expectations for response time and knowledge of products and business.
- Demonstrate operational excellence by complying with Best Practices, and managing desk to meet customer expectations.
- Work strategically and tactically with brokers to ensure appropriate level of understanding of company goals and objectives.
- Conduct self in a professional manner both internally and externally
- Identify, analyze and develop sources of new business; assists in developing marketing strategies for new or improved products.
- Partner with peers in other product lines to leverage multi-line opportunities.
- Establish and maintain superior business and service oriented partnerships with SWG’s broker partners through; regular and frequent attendance communication and service standards
- Maintain market intelligence, business insurance trends and industry knowledge.
What We Look For:
• Bachelor’s degree preferred and/or; CIP or FCIP designation or equivalent
• 5+ years of commercial property & casualty underwriting experience).
• Expertise and depth in policy wordings, forms and applicable coverage’s.
• Superior relationship management skills proven through established broker relationships
• Demonstrated track record of generating new business premium.
• Demonstrable proficiency in underwriting basic to moderately complex books of commercial property and casualty products
• Strong organizational/administrative skills and highly detail oriented.
• Excellent presentation skills – comfortable speaking in front of small and large groups.
• Excellent written and verbal communication skills.
• Ability to work independently and as a contributing team member.
• Ability to deliver results even when working to meet tight deadlines.
• Proficient with Microsoft Office Suite;
• Proven mathematical and analytical skills;
• Considerable experience in a highly service-oriented role;
• Strong commitment to ongoing education and learning.