OneBeacon uniquely blends a 170 year history and strong financial backing with
an opportunistic and fast-paced culture. Our ?think like owners? mindset is
reinforced through true pay for performance featuring an ESOP, incentive plans
and competitive pay and benefits. You?ll find that we?re an entrepreneurial
company that just happens to be in the insurance industry.
OneBeacon Insurance Group offers a range of specialty and segmented commercial
and personal insurance products sold primarily through select independent
agents. As one of the oldest property and casualty insurers in the United
States, OneBeacon traces its roots to 1831 and the Potomac Fire Insurance
Company. Today, OneBeacon?s specialty insurance products are available
countrywide, and commercial and personal lines are offered in select geographic
territories. OneBeacon?s corporate headquarters is in Canton, Massachusetts. The
Company is publicly traded on the New York Stock Exchange under the symbol ?OB?.
Position Summary:
Underwrites new Tech business for OneBeacon Commercial Lines Small Business and
underwrites a book of complex renewal accounts. Responsibilities include all
lines of business including errors and omissions. Provides underwriting,
technical support, and service to assigned agents. Under technical direction,
within significant authority on complex accounts, underwrites risk regarding
selection and rejection of new and renewal business. Administers and monitors
underwriting rules and guidelines, rating manual rates and insurance laws and
regulations. Analyzes quality and quantity of risks written and prepares reports
accordingly. Monitors and evaluates results of assigned agents and assigned
territory. Recommends and implements action plans for improvement of
underwriting results for assigned agents and assigned territory. May act as a
coach to newer underwriters. Will guide OBSB Tech appetite, product, rates and
market positioning.
Principal Duties and Responsibilities:
1. Manages profitable agency relationships by evaluating results and conducting
portfolio reviews for assigned territory and individual agencies, developing
integrated pictures of factors that affect profitability and growth and
recommending, implementing, and monitoring necessary action plans. Participates
in producer reviews and implements resulting action plans. Coordinates with MM
Tech specialists and OBSB Underwriting team.
2. Examines, identifies, and evaluates exposures by analyzing documentation from
various sources (e.g. application, web sites, inspection reports, credit
reports, etc.) and makes underwriting decisions to accept, decline, or modify
risks with assigned territory. Implements underwriting decisions in compliance
with state laws. Handles limited referrals for new business from non-Tech
agents.
3. Develops superior working relationships with agents, and with internal and
external partners, to successfully promote achievement of mutual operating goals
and to supply the appropriate products and services.
4. Processes underwriting decisions and documents files and reports via
automated desktop systems and tools.
5. Gathers and analyzes competitor information and agent specific reports on
assigned agents? new business flow, retention, profitability and potential, to
support territorial rate reviews. Works with territorial manager to determine
and make recommendations for the rate review and to improve products, systems,
etc.
6. Collaborates with team members to manage work inventories and all production
activities to provide accurate and timely service in accordance with corporate
standards.
7. Provides key input and direction for OBSB Tech strategy.
Requirements:
Must be able to identify and describe the major perils insured under C/L
policies. Must be able to identify and describe the exposures and hazards to
consider in making an underwriting decision. Must know how to obtain information
needed to make an underwriting decision. Must have proven analytical, decision
making, problem-solving, communication, organization, and teamwork skills. Must
be proficient with Microsoft Office suite. Must be able to act as a coach to
junior team members on all of the above.
Education and Experience Preferred:
5+ years of progressively complex commercial lines underwriting experience.
3+ years of Technology underwriting experience. Professional insurance
designation is preferred (e.g., AICPCU designation) Bachelor?s degree preferred,
but exceptions are made.
Please note that the location of this position is flexible.
Current employees within the Commercial Lines organization are encouraged to
apply.
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