Associate Underwriter - Senior Underwriter

James River Insurance • Richmond, VA

126d

About The Position

James River Insurance is seeking an Associate Underwriter to join our team. Under the direction of the Underwriting Manager or Division Manager, the Associate Underwriter will learn to review and analyze underwriting data to determine if risks meet corporate underwriting standards. This role involves calculating appropriate premiums, determining proper terms for acceptable risks, and responding to brokers when particular risks do not meet underwriting guidelines. The Associate Underwriter will also be responsible for developing and maintaining profitable business relationships with brokers.

Requirements

• Aptitude for learning how to effectively assess risk
• Must be able to pursue a professional designation or BISYS coursework within the first year of employment
• Excellent verbal and written communication skills
• Ability to work independently or in a team environment to complete assignments within the parameters of instructions given prescribed processes and standard accepted underwriting practices
• Problem solving and decision-making skills
• Strong negotiation skills
• Ability to multi-task
• High level of initiative and motivation
• Strong work ethic with a drive to succeed
• Solid customer service and relationship building skills
• Proficiency in MS Office (Word, Excel, Outlook) and Internet researching

Nice To Haves

• Industry associated classes or courses preferred

Responsibilities

• Continuously exhibit and uphold Core Values of Integrity, Accountability, Communication and Teamwork, Innovation and Customer Service
• Increase knowledge of key insurance concepts through on the job training, assigned manuals and self-study
• Successfully learn and begin to review submissions, analyze and document key exposures, price accounts and complete worksheets
• Accept, modify or reject risks
• Attain premium, loss ratio and service goals as assigned
• Complete policy maintenance requirements
• Check issued policies for accuracy
• Review upcoming renewal applications, and prior year renewal files, to ensure risk still meets underwriting requirements. Prepare renewal files for quoting
• Begin to build and develop relationships with key wholesale broker clients
• Travel at least 3 times per year with an experienced Underwriter to meet with brokers
• Other duties as required

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 251-500 employees