Underwriter, Brokerage Management Liability - E&S/Specialty (Public D&O)

Nationwide•New York, NY

8h•$54,000 - $100,500•Hybrid

About The Position

Are you a critical thinker who can analyze complex risk and find insurance solutions that balance customer needs with business goals? If you can take initiative, use both your analytical and creative abilities to make sound decisions and have a desire to help people solve real challenges, we want to know more about you! Under technical direction, assesses a company's risk profile and determines/negotiates the appropriate pricing, coverage, terms and conditions by analyzing a company's financial documents and other information. Including, but not limited to the company's viability, issues, governance, regulatory environment, and experience. Achieves team production and loss ratio goals within assigned territory by reviewing and analyzing claims, loss history and taking appropriate action on individual accounts. The underwriter works independently developing recommendations and applying judgment based on the financial analysis. Establishes and maintains effective relationships with brokers in order to generate premium dollars and profitably. Territory assignments somewhat complex in nature concerning coverage and agent/broker/ relationships. May assist with the research, development and presentation of new programs, forms and manuals.

Requirements

Undergraduate studies with focus in finance, accounting, economics, and/or risk management.
Typically 1 or more years related experience as a D&O and/or E&O Underwriter.
Previous business or finance experience helpful.
General knowledge of lines underwriting policies, practices and procedures, insurance law and underwriting marketing principles and techniques.
Knowledge of financial documents, financial analysis, investments, market conditions essential.
Ability to communicate effectively, verbally, and in writing, interpersonally with individuals at various levels and groups via telephone, fax, e-mail and in person.
Demonstrates effective negotiation skills.
Ability to analyze insurance risks to determine acceptability including policy language, various commercial rating plans and methodologies, reinsurance.
Ability to apply/learn job related computer software.
Ability to devise business solutions to problems, implements the most appropriate, and monitor its effectiveness.
Ability to make decisions with supervision.

Nice To Haves

Degree preferred.

Responsibilities

Under technical direction, assesses a company's risk profile and determines/negotiates the appropriate pricing, coverage, terms and conditions by analyzing a company's financial documents/operations/management/industry and other information. Including, but not limited to the company's viability, issues, governance, regulatory environment, and experience.
The underwriter analyzes, with a high level of technical expertise, exposures to loss, develops an adequate premium charge for the exposure, and 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 production and loss ratio goals within assigned territory through sound marketing.
The underwriter continually analyzes premium and loss results in their territory by agency, state, major class of industry and by line of business.
Handles moderately complex policy maintenance items and other mid-term requests.
Reviews endorsement requests and processes necessary changes to the policy.
Follows up on outstanding information as required.
Reviews claim activity and takes appropriate action.
With supervision, establishes and maintains effective relationships with brokers in order to generate premium dollars and profitably.
Accompanies other underwriters to broker offices as required for marketing visits.
Frequently entertains brokers to market services and ensure strong relationship to write business.
May participate in underwriting meetings with brokers, clients and other underwriters.
Meetings typically include CFOs, CEOs of client organizations and several underwriters from other organizations.
The CFO/CEO provides information.
The underwriter clarifies and questions information provided by the client to appropriately assess the risk.
Typically accompanied by a senior underwriter or above.
Places reinsurance per department guidelines based upon the appropriate use of all reinsurance facilities used by the department.
This includes various treaties, semiautomatic and facultative reinsurance.
Maintains good working relationships with reinsures.
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