AVP, Corporate Underwriting

Tokio Marine Group of Companies•Jersey City, NJ

2d•$175,000 - $215,000

About The Position

Tokio Marine has been conducting business in the U.S. market for over a century and we are licensed in all states, Puerto Rico and the District of Columbia, and write all major lines of Commercial Property and Casualty Insurance. We provide unique insurance and risk management tools from our experienced staff of account executives, underwriters and loss prevention engineers and fair and timely claim settlement from a skilled team of claim professionals. We work with major brokers and leading independent insurance agents throughout the United States to serve the world's largest and most distinguished organizations. We are committed to creating value for our customers by providing ANSHIN (safety, security and peace of mind). We strive to be creative and passionate as we work towards our long-term success. Tokio Marine Holdings is Japan's oldest, and one of the largest property and casualty insurers. Founded in 1879, TMNF operates worldwide in 47 countries. With annual revenues of approximately $50 billion and an A.M. Best rating of A++, one of the highest in the industry, we are one of the top 20 insurance providers worldwide.

Requirements

College Degree preferred
CPCU or equivalent Professional designation preferred
Minimum of 10+ Years in the Property business preferred
Management experience preferred
10+ Years experience in Underwriting including experience in Product Line Management preferred
Knowledge of ISO, AAIS and independent state bureau requirements
Proven track record with Compliance related issues.
Experience with Internal Audits and State Market Conducts preferred
Strong Personal Computer skills
Excellent verbal and written Communication skills
Positive team participation and attributes preferred

Responsibilities

Lead the Corporate Underwriting Property Product team in managing and updating as needed a comprehensive business strategy that positions Tokio Marine to achieve our corporate profit and return on risk objectives.
Develops and implements property products and underwriting guidelines to meet client's needs, risk appetite, regulatory guidelines, increase company revenues.
Develops and implements underwriting strategy including underwriting principles, guidelines, procedures, price levels, limits and coverage scope in accordance with the Company's risk appetite and Global guidelines.
Leads property product staff including Product Manager(s), Specialists and Assistant Specialist(s).
Provides leadership and oversight around all aspects of human resources including staffing, training, development and performance management.
Monitors underwriting results, develops and implements underwriting guidelines and procedures to achieve corporate objectives.
Develops and implements a filing strategy.
Monitors rate adequacy and oversee the rate review and filing process to achieve corporate objectives.
Works with company Senior Executive Management, Business Segment Leaders, and other areas of the organization to identify product development needs.
Manages the development, maintenance of policy, endorsements and new coverages with associated pricing, rules and internal underwriting tools.
Monitors legal, competitive and regulatory climate to identify trends and develop appropriate strategies.
Implements underwriting reviews and evaluation to ensure compliance with corporate standards and regulatory requirements.
Provides technical consulting and training to Field Underwriting staff and expertise to the Company overall.
Supports treaty reinsurance strategies and purchase.
Oversees operational process of staff and directs efforts to improve accuracy and/or increase efficiency.
Responsible for complying with proper internal controls as necessary to conduct job functions and/or carry out responsibilities and/or administrative activities.