Underwriting Specialist - Environmental (Hybrid or Remote)

Intact Specialty Solutions • Boston, MA

2d • Hybrid

About The Position

Our employees are at the heart of what we do: helping people, businesses and society prosper in good times and be resilient in bad times. When you join our team, you are bringing this purpose to life alongside a passionate community. Feel empowered to learn and grow while being valued for who you are. At Intact, we commit to supporting you in reaching your goals with tools, opportunities, and flexibility. It’s our promise to you. Who we are At Intact Insurance Specialty Solutions, we are experts at what we do in protecting what makes businesses unique. Our deep understanding of the specialty insurance market is the foundation for our customized solutions, backed by targeted risk control and claims services. Our employees are passionate about providing insurance coverage that’s aligned to our targeted customer groups. Intact’s Global Specialty Lines business spans across more than 20 verticals in four distinct markets: U.S., Canada, UK and Europe. The following opportunity is for our U.S. team. The opportunity We currently have an opportunity for an Underwriting Specialist to join our Environmental team in our Boston, MA office on a hybrid schedule or remote in the East Coast of the United States. The Underwriting Specialist underwrites and manages a book of business of highly complex, specialty accounts within broad authority levels. Assists with the development and execution of strategic initiatives that contribute to the growth and profitability for that book of business in assigned territory. Focus is typically on new business production and large account management.

Requirements

• Bachelor’s degree or equivalent experience preferred.
• Minimum of 5-7 years of Life Science underwriting experience.

Nice To Haves

• Professional insurance designation is preferred

Responsibilities

• Maximizes opportunities for underwriting profitable new and renewal business, as appropriate based on market conditions, by leveraging business relationships, product knowledge and underwriting acumen.
• Develops and maintains an active target account list tracking prospects and account rounding and/or missed opportunities.
• Manages financial performance of assigned territory including: accident year loss ratio, premium plans (new business, retention, and rate/exposure increases), and commission targets.
• Underwrites a book of business and manages underwriting quality and book management.
• Executes underwriting strategy as determined by management, including portfolio management, self-audits of new and renewal business and well documented approvals of underwriting edits.
• Ensures compliance with standards and assigned underwriting authorities.
• Demonstrates a strong understanding of exposures and key coverage issues.
• Makes underwriting decisions to accept, decline, or modify risks within broad underwriting authority.
• Implements underwriting decisions in compliance with state laws.
• Develops superior working relationships with producers to successfully promote achievement of mutual growth and profitability goals and to supply the appropriate products and services.
• From a sales perspective, has the ability to identify gaps in coverage and/or services, understands where the company can make a difference based on those gaps and uses that information to help retain or obtain a customer.
• Works closely with and establishes strong business partnerships with other departments, including claims, actuary and risk control staff in an effort to better service producers and accounts.
• Regularly travels to key producers/accounts and remains highly visible in the marketplace.
• Anticipates the needs of the agency plant, analyzes trends, and implements proactive strategies that best position the business.
• Understands and communicates the company’s underwriting appetite.
• Monitors agency action plans and participates in account management, agency planning and marketing meetings to best position the business for the future.
• Participates in industry events and/or committees.
• Gathers and analyzes competitor information and producer specific reports on assigned producers’ new business flow, retention, profitability and potential, to support territorial rate reviews.
• Works with other underwriting staff to determine and make recommendations for marketing, pricing, products and systems.
• Provides training and mentoring to less experienced underwriters.
• Maintains a strong professional knowledge of competitive, regulatory and legal environments and applies this information effectively.

Benefits

• Comprehensive medical, dental and vision insurance with no waiting period
• Competitive paid time off programs
• 401(k) savings and annual contributions of up to 12% of annual salary
• Mental health support programs, life and disability insurance, paid parental leave and a variety of additional voluntary benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees