Assistant Vice President OR Senior Underwriter, Inland Marine
The Assistant Vice President OR Senior Underwriter (Based on experience) underwrites and markets complex insurance products primarily through Wholesale brokerage, managing the relationships involved to ensure profitable alignment with overall company goals and provides intermediate levels of risk assessment and technical underwriting expertise to determine underwriting acceptability. Additionally, provides guidance and support to less experienced team members. Essential Duties and Responsibilities:
- Underwriting new and renewal accounts to meet growth and profitability
- targets. Negotiating participation, pricing and terms and conditions with
- brokers.
- Responsible for effective management of assigned distribution, including
- maintaining existing relationships as well as identifying and developing new
- distribution.
- Foster strong partnerships by keeping brokers informed of new products,
- programs and overall appetite while also communicating underwriting decisions
- in a clear and timely
- Research and obtain market intelligence in order to stay on top of emerging
- risks, industry trends and competitor
- Assist in analyzing and developing new products, pricing, or coverage as
- needed. Assist in analyzing loss trends.
- Adheres to CAT guidelines and underwriting discipline to minimize exposure and
- appropriately price individual risks.
- Remain current on industry issues and insurance marketplace news that could
- impact the success of the company and the achievement of its goals and
- objectives.
Qualifications:
- Bachelor’s degree preferred
- 5+ years of progressively complex specialty underwriting experience required
- Experience in the wholesale E&S Inland Marine market required
- Upper tier middle market and Large Account experience utilizing complex
- program designs required
- CPCU/ RPLU designation is a plus
- Ability to apply principles of logical thinking to assess risk, define problems,
- collect data, establish facts, and draw intelligent, valid conclusions and make
- decisions.
- Familiarity CAB, CATNET, and other peril or risk based decision support tools.
- Sound knowledge of AAIS Forms, manual rating techniques, and manuscript
- forms in a specialty carrier environment, including the value of coverage
- restrictions compared to price.
- Ability to differentiate oneself based on service, product knowledge, and risk
- appetite rather than price exclusively.
Compensation & Benefits The applicable base salary for this opportunity is $115,000 - $195,000. The base pay offered will be determined by factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. In addition to the base salary, this opportunity is eligible for performance-based incentives. We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition and professional certification assistance, 401k savings, elective participation in the Employee Stock Purchase Program, paid time off, paid holidays, and child bonding leave, as well as other employee assistance programs. #LI-Remote Apply tot his job Apply To this Job