Property Product UW Specialist ll
About The Position
Assisting CUW Property Product staff in developing, managing and/or updating underwriting, pricing and product strategy that positions Tokio Marine to meet clients’ needs, build company revenues and achieve our corporate profit and return on risk objectives. As a Property Products Specialists II, you will be a member of the Corporate Underwriting team and will work with the property staff on specific assigned property lines of business to promote profitable growth. The Corporate Underwriting team is responsible for product development, risk management, underwriting governance and compliance strategies that conform to our risk appetite. In this position, you will participate in developing guidelines, processes, products, rates, rules, tools and controls that business segments will utilize in their day-to-day decisions. You will conduct ongoing analysis, monitor results and communicate those results to key distribution and underwriting partners. Collaborating with others to share product performance will be key to success. You will be responsible 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 the development and execution of lines of business strategies, growth and enhancing the underwriting expertise within the company.
Requirements
- College Degree or equivalent preferred
- Minimum of 5+ Years in insurance
- Experience in Underwriting preferred
- Knowledge of ISO, AAIS, NCCI and independent state bureau requirements
- Experience with Underwriting Audits preferred
- Extensive Personal Computer skills
- Excellent verbal and written Communication skills
- Positive team participation and attributes preferred
Nice To Haves
- CPCU or equivalent Professional designation preferred
Responsibilities
- Assist management in the assessment of the portfolio to ensure profitability
- Monitors rate adequacy, works with the Actuarial team on profitability analysis, pricing of new coverages and products and assists in the development of a pricing strategy
- Participate in product development including associated pricing and underwriting tools and reviewing policy forms with Claims and Legal
- Development of Underwriting guidelines and rules for execution by Field Underwriting
- Provides general expertise to TMA Field Underwriting on rate, rule and form issues.
- Collaborates with the Exposure Management team on catastrophe data, modeling and reports, assisting the Product Managers with treaty data and working with Field Underwriting business segments.
- Conduct Underwriting Reviews of Field Business Segments and supports internal audits and Market Conduct exams.
- Collaborates and maintains strong relationships with all internal departments
- Collaborate in the implementation of compliance specifications including the development of tools and resources necessary to maintain compliance requirements
- Assists the CUW and TMA Executive leadership in initiatives, projects and general areas for assigned lines.
- Designs and supports training as needed
- Collaborates, designs, reviews and/or recommends policies, procedure 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.
Benefits
- Our company offers a competitive benefits package and bonus eligibility on top of base.
- We offer a comprehensive benefit package, which includes a generous 401K match.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
