Associate Specialty Underwriter

Tokio Marine HCC•Chappaqua, NY

2d•$31 - $38•Hybrid

About The Position

This is an entry-level position within Tokio Marine HCC’s Specialty Group’s Crisis Management division. The role involves evaluating new and renewal policy applications and related documentation to classify and assess risks, communicating with brokers, and maintaining underwriting documentation. The position offers a structured learning path over the first six months, focusing on understanding underwriting processes, quoting simpler risks, developing critical thinking for client satisfaction, and comprehending more complex risks. The role is full-time and located in Chappaqua, NY, with a hybrid work arrangement (4 days in office, 1 day WFH).

Requirements

Bachelor’s degree in business administration, Accounting, Finance, or a related field.
Office environment work experience.
Intermediate proficiency and experience using Office 365 (Excel, Word, PowerPoint).
Excellent written and verbal communications skills, with an emphasis on confidentiality, tact, and diplomacy.
Exceptional organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously.
Accurate data entry skills.
Adept at working as part of a team yet capable of working independently as needed.
Must be able to apply for insurance with a cover letter.

Nice To Haves

Internships in business or a related area preferred.

Responsibilities

Evaluate new and renewal policy applications and related documents to classify and assess each risk, determine acceptability, assign rating, indicate endorsements and limits, and determine appropriate pricing.
Manage a high volume of broker submissions by following structured work plans and meeting predefined turnaround-time goals.
Meet or exceed established commitments on deadlines to maintain strong broker satisfaction and competitive market placement.
Serve as a primary point of contact for brokers; build and maintain strong, collaborative market relationships to facilitate the underwriting process, promote business development, drive profitable premium growth, and stay abreast of industry trends.
Articulate underwriting decisions, pricing rationale, and policy terms clearly and persuasively to brokers and direct manager.
Gather market intelligence and broker feedback to identify new business opportunities and improve service delivery.
Communicate production activities, risk appetite, and business results with management and cross-functional teams as appropriate.
Contact and respond to verbal and written inquiries from brokers within designated timeframe to provide appropriate information and serve as an underwriting resource.
Create and maintain all documentation (physical and electronic) including new and renewal bound files, underwriting worksheets, documentation of phone conversations, and other key documents according to departmental guidelines.
Adhere to all company underwriting authority directives, underwriting guidelines, and other applicable company policies and procedures.
Serve as a resource to other departmental staff with regards to underwriting procedures and other departmental guidelines.
Develop understanding of various factors that affect and influence policy rating and risk.

Benefits

Competitive salary
Comprehensive benefit package
Strong learning culture with ongoing development opportunities
Opportunities for growth and career advancement
Comprehensive medical, vision, and dental coverage, with eligibility beginning on your first day of employment
Basic life and disability insurance
401(k) plan with 6% company match
20 days of PTO
Two floating holidays
Approximately 11 paid holidays
Volunteer time off
Paid parental leave
Access to our award-winning wellness program, including mental health services, fitness network membership, and a complimentary Headspace subscription
Student loan matching program
Employee discount program