Director, Underwriting GBU

Tokio Marine Group•Jersey City, NJ

About The Position

Underwriting leadership role that is responsible for management (leading, creating and managing) of the Global Business Unit. Underwrite commercial casualty risks in accordance with Tokio Marine America’s corporate goals and guidelines. Support new business production and existing client retention through coordination with Client Solutions as well as producer and customer visits. 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

Minimum of 10+ years underwriting casualty risks at a P&C insurance carrier.
Management experience
Proven track record with compliance related issues.
Proficiency with personal computer and related software applications (MS Office, etc.)
Ability to do quantitative analysis, including root cause analysis and retrospective calculations
Excellent verbal and written communication skills

Nice To Haves

College Degree or equivalent preferred.
CPCU or equivalent Professional designation preferred
Positive team participation and attributes preferred

Responsibilities

Review new casualty business, renewal, and endorsement requests.
Gather data, analyze and evaluate all information provided.
Obtain additional information as needed to determine acceptability based on underwriting guidelines and sound judgment.
Manage all personnel within your underwriting unit which includes but is not limited to: interview and onboard new hires, recommend and budget for salary adjustments & promotions, onboard employees transferring into the department and manage employee performance issues within TMA’s policies and procedures.
Assess training needs of Underwriting staff and assist in implementing staff Development Plans.
Cooperate with co-workers to foster a team atmosphere.
Establish and monitor workflows to meet goals.
Establish and maintain positive, professional relationships with producers.
Utilize effective sales and negotiation skills to obtain and retain accounts on the most profitable terms available to TMA.
Work closely with other internal departments such as Client Solutions, Loss Control, Claims, Accounting to meet client service goals and increase knowledge on accounts in the GBU Book.
Follow TMA and Department of Insurance Guidelines to ensure the profitability and compliance of your book of business.
Train other team members and participate in the self-audit process to ensure compliance.
Lead and/or participate in the implementation of Strategic Initiatives (Company, Dept, Region or branch)
Prepare and/or provide input into reports or special projects as designated.
Responsible for complying with proper internal controls as necessary to conduct job functions and/or carry out responsibilities and/or administrative activities at Company.
Perform ongoing analysis of business processes related to the productivity of the Underwriting unit.
Collaborate and coordinate business process improvement strategies and revisions with all internal stakeholders that may be impacted by process changes.
Obtain leadership support of proposed changes.
Oversee and monitor all aspects related to the implementation stages of business process improvement initiatives and report results to leadership.
Document, revise and update procedures and policies as needed.