Senior Underwriter

Beacon External•Warwick, RI

3d•Hybrid

About The Position

The Senior Underwriter will underwrite new and renewal workers’ compensation insurance which includes engaging with independent agents, soliciting and analyzing profitable new business, evaluating risk, and pricing insurance coverage on middle market to large accounts predominately in Massachusetts and Rhode Island territories. You will use your strong technical underwriting skills and your consultative approach to negotiate proposals and determine terms and conditions for coverage. Through professional relationships you will consult with agents and brokers and position products to agents to drive achieving the mutual goal of profitable growth. Serve as a liaison with agents, with responsibility for managing the overall portfolio of risks across the agency and company by participating in multidisciplinary strategic meetings. In addition to engaging agents and generating flow, you will research and evaluate risk and issue proper pricing and coverage for workers’ compensation insurance on accounts of complex nature and/or exposure. In the process of business development, you will negotiate strategy, terms and conditions, and other pricing structures and mitigation tactics while maintaining the quality of risk and adhering to compliance with workers’ compensation laws including MGL Chapter 152, NCCI procedures, classifications and rules and DBR filings. You will use technology, resources, and your underwriting technical skills to generate flow, quarterback multidisciplinary service teams, and build profitable mutually beneficial relationships and portfolios. As a Senior Underwriter you will engage in mentoring and developing less experienced staff on the technical aspects of underwriting.

Requirements

Bachelor's degree and 5 years of related professional experience or equivalent combination of education and experience in the P&C industry
Knowledge of workers' compensation underwriting principles and mechanics and insurance underwriting regulations
Agency and portfolio management experience
Communication skills necessary to effectively build relationships, negotiate, and sell
Willingness to travel throughout your designated territory
Driver’s license and good driving record required

Nice To Haves

In depth knowledge of agent distribution and demonstrated track record of building productive relationships is highly desirable
CPCU preferred but not necessary
Leadership skills to mentor others is desired
Sales oriented, and results driven to meet or exceed goals
Entrepreneurial spirit, work independently and maintain vision in building a business
Thrive in a start-up like environment and have the patience and fortitude to professionally execute short and longer-term strategic plans
Seasoned technical underwriter with a successful track record of bringing in new business and developing and maintaining a profitable book of business in the MA and RI regional area
Enjoy the challenge of creating and maintaining mutually beneficial business endeavors
Adept at successfully articulating the companies value proposition

Responsibilities

Underwrite new and renewal workers’ compensation insurance
Engage with independent agents
Solicit and analyze profitable new business
Evaluate risk and price insurance coverage on middle market to large accounts
Negotiate proposals and determine terms and conditions for coverage
Consult with agents and brokers
Position products to agents to drive profitable growth
Serve as a liaison with agents
Manage the overall portfolio of risks across the agency and company
Participate in multidisciplinary strategic meetings
Research and evaluate risk
Issue proper pricing and coverage for workers’ compensation insurance on accounts of complex nature and/or exposure
Negotiate strategy, terms and conditions, and other pricing structures and mitigation tactics
Maintain the quality of risk
Adhere to compliance with workers’ compensation laws including MGL Chapter 152, NCCI procedures, classifications and rules and DBR filings
Use technology, resources, and underwriting technical skills to generate flow
Quarterback multidisciplinary service teams
Build profitable mutually beneficial relationships and portfolios
Mentor and develop less experienced staff on the technical aspects of underwriting