Assistant Product Underwriting Specialist

Tokio Marine Group•Jersey City, NJ

35d•$80,000 - $95,000

About The Position

This role supports the Corporate Underwriting team by assisting with product development, underwriting guidelines, and portfolio performance analysis to promote profitable growth. As an Assistant Product Underwriting Specialist, you will be a member of the product team working with the Property and Casualty Product staff for assigned lines of business. You will assist the product team’s responsibility for developing and managing underwriting, pricing and product strategy that positions Tokio Marine to meet clients’ needs, build company revenues and achieve our corporate objectives. This includes assisting in the development and execution of strategies, growth and enhancing the underwriting expertise within the company.

Requirements

College Degree or equivalent experience preferably in finance, insurance or a related field
2-3 years insurance experience preferred
Extensive Personal Computer skills such as excel and document management.
Excellent verbal and written communication skills

Nice To Haves

Positive team participation and attributes preferred

Responsibilities

Works with Product Specialists to maintain and continually improve a specific insurance product line including the assessment of the portfolio to ensure profitability
Research forms, rates and rules to assist field underwriting and the company overall on rate, rule and form issues.
Supports product development including associated pricing and underwriting tools, rate, rule and form filings coordinated with actuaries; manage current filings; and, review rate, rule, form changes to make basic new filings as assigned.
Contributes to the development of Underwriting guidelines and rules for execution by Field Underwriting
Participates in underwriting reviews of business segments and supports internal audits and Market Conduct exams.
Collaborates and maintains strong relationships with all internal departments.
Assists with the execution of compliance specifications, including the creation of tools and resources essential for sustaining compliance requirements.
Through research and reporting assists the CUW and TMA Executive leadership in initiatives, projects and general areas for assigned lines.
Supports training as needed
Assist in systems implementation for corporate underwriting matters
Collaborates, designs, reviews and/or recommends policies, procedures and technology to improve operational efficiency, underwriting profitability and regulatory compliance.
Responsible for complying with proper internal controls as necessary to conduct job functions and/or carry out responsibilities and/or administrative activities at Company.