Specialist, Brokerage Excess Underwriting - E&S/Specialty
About The Position
This position is a Brokerage Excess Renewal Underwriter. Preferred candidates will have 3-5 years' E&S experience. E&S carrier experience working with wholesale partners is ideal, but not required. Our Excess & Surplus/Specialty (E&S/S) lines allow us to provide insurance that other carriers may not offer. It’s a fast-paced environment in a collaborative, team-oriented culture, working in an always-changing, growing industry. As an Underwriting Specialist in Brokerage Excess you determine individual risk acceptability, pricing, coverage, terms and conditions, by developing, analyzing and evaluating information and exposures on risks of a complex technical nature for the Excess Casualty line of business. In addition, you’ll achieve production and loss ratio goals with assigned brokers or program managers by reviewing and analyzing claims, loss history and taking appropriate action on accounts. Broker assignments are more complex in terms of coverage and broker relationships. You will work independently with a high level of authority and judgment. Determining appropriate reinsurance placement, if any, on individual accounts is an important element of this role. We will count on you to foster positive business relationships with co-workers, brokers and reinsurers. You will also assist with research, development and presentation of new products, forms and manuals and have opportunities to assist in the training and mentoring of Underwriters and Underwriting Assistants.
Requirements
- Undergraduate degree preferred. Equivalent work experience will be considered in lieu of a degree.
- Five years as a CL underwriter, excess & surplus lines experience preferred.
- Knowledge of CL underwriting policies, practices and procedures, insurance law and underwriting marketing principles and techniques.
- Knowledge of Rating plans and plan concepts.
- Knowledge of Treaty & Cultivate reinsurance concepts.
- Knowledge of the wholesale broker system and company operations.
- Knowledge of regulatory issues, the general agency system, market conditions and company operations.
- Ability to communicate effectively, verbally, and in writing, inter personally with individuals and groups via telephone, video conference fax, e-mail and in person.
- Demonstrates negotiation skills.
- Ability to manage the assigned line or lines of business, which may include monitoring of aggregates.
- Ability to analyze insurance risks to determine acceptability including policy language, various commercial rating plans and methodologies, reinsurance.
- Ability to use/learn job related computer software.
- Ability to devise business solutions to problems, implement the most appropriate, and monitor its effectiveness.
- Ability to make decisions with minimal supervision.
Nice To Haves
- Completion of general insurance courses such as CPCU, CIC, AU, ARM, CPIW, CWIS, or ASLI is preferred.
- E&S carrier experience working with wholesale partners is ideal.
Responsibilities
- In partnership with Consultant/Manager researches market trends, competition and market viability as well as develops an active working partnership with Actuarial, Finance and Claims as appropriate.
- Reviews individual risks with assigned brokers and either declines or accepts business based upon information necessary to make the decision. The underwriter analyzes, with a high level of technical expertise, exposures to loss, develops an adequate premium charge for the exposure, determines appropriate endorsements and exclusions to address loss exposures for the insurance contract. Within department guidelines, places reinsurance, if any, for the account.
- Achieves team/individual production and loss ratio goals with assigned brokers through sound management and marketing. Works with more complex issues concerning coverage. The underwriter continually analyzes premium and loss results of assigned brokers by agency, state, major class of business, etc. Continually assess quality of broker submissions and makes corrective action recommendations.
- Handles policy maintenance items and other mid-term requests. Reviews endorsement requests and processes necessary changes to the policy. Reviews loss control reports and makes recommendations to the broker and/or changes to the policy. Follows up on outstanding information as required. Reviews claim activity and takes appropriate action.
- Places reinsurance per department guidelines based upon the appropriate use of all reinsurance facilities used by the department, including various treaty, semiautomatic and facultative reinsurance. Maintains good working relationship with re-insurers.
- Fosters positive business relationships with brokers, through frequent contact. Develops and maintains good rapport and resolves broker conflicts. Travels to broker offices as required for training or marketing visits. Entertains brokers visiting the Company as required. Assists with development of marketing ideas and strategies for underwriting events and other marketing campaigns.
- Proactively develops technical and business knowledge through internal and external venues.
- May perform other responsibilities as assigned.
Benefits
- medical/dental/vision
- life insurance
- short and long term disability coverage
- paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date
- nine paid holidays
- 8 hours of Lifetime paid time off
- 8 hours of Unity Day paid time off
- 401(k) with company match
- company-paid pension plan
- business casual attire
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
