Underwriting Specialist - Inland Marine

MSIG Holdings•Chicago, IL

About The Position

MSIG USA is seeking an Underwriting Specialist focused on the construction business. This high-level underwriting position involves producing, underwriting, and servicing profitable business through relationships with brokers. The role requires influencing staff, promoting a positive image in the marketplace, developing producer relationships, and building a profitable book of business.

Requirements

High School degree is required.
5+ years of relevant underwriting experience with demonstrated productivity, profitability, and business acumen.
Strong knowledge and technical expertise of relevant risks including exposures, forms, coverages, pricing methods, aggregate management, reinsurance, and account management.
Demonstrated market presence with the ability to form lasting producer relationships and in-depth knowledge of production sources and market capabilities within the assigned territory and product lines.
Strong portfolio management, organization, negotiation, and time management skills with an understanding of the company’s business objectives.
Demonstrated ability to work effectively within teams across multiple disciplines and support activities.

Nice To Haves

Bachelor’s degree or equivalent business experience preferable.
CPCU/ insurance designations encouraged.

Responsibilities

Produces, underwrites, and services both project and master builders risks within delegated underwriting authority.
Underwrites related Inland Marine classes, including contractors equipment, riggers liability, installation projects, and transportation.
Applies appropriate account selection, coverage, risk management, aggregate management, reinsurance, and pricing techniques according to department guidelines to achieve target profitability for all new, renewal, and endorsement activity within the assigned book of business.
Maintains underwriting files and systems in accordance with department guidelines.
Ensures aggregate management and risk management activities are appropriate to the risk, in line with department guidelines, and that systems reflect current and accurate data for assigned accounts per department guidelines.
Monitors underwriting results, loss trends, and market developments for assigned business and producers within the assigned territory.
Implements best practices in account management throughout the underwriting cycle, including coordination with other internal business units as appropriate.
Maintains existing accounts and develops new sources of business in line with department risk appetite and guidelines to achieve targeted volume.
Establishes and maintains effective producer and client relationships within the assigned territory.
Coordinates activities with other internal business units as appropriate.
Provides timely and best-in-class professional service to customers.
Promotes a positive impression of MSIG to producers, insureds, and within the marketplace in general.
Enhances technical expertise through continuing education opportunities as appropriate and available.
Assists in training, mentoring, and development of other department staff.