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Meriden,
CT
(Click company name to view employer profile and all available
positions.) |
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Career Field |
Underwriting
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| Insurance
Discipline |
Property & Casualty
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| Relocation
Assistance |
Not Available
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| Job
Duration |
Full Time |
| Salary
Offered |
Open |
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Job Description:
Underwrite new and renewal business which includes solicitation, selection and pricing of highly complex risks while administering and monitoring underwriting rules and guidelines, rating manual rules and insurance laws/regulations. Actively and creatively pursue new middle market and large account opportunities throughout the territory. Maintain and develop prospects in order to have a strong base of future opportunities to build the CMU and RMS book. Analyze quality and quantity of risks underwritten and prepare reports accordingly. Contribute to the development of broker and agency management strategies and lead the development and execution of relationship management. Develop client relationships and lead service team efforts.
Responsibilities:
Analyze, select and profitably price highly complex commercial risks and determine terms and conditions of coverage on new and renewal business.
Apply and conform to underwriting rules and guidelines, rating manuals, insurance laws/ regulations.
Utilize a consultative selling approach to generate new business consistent with underwriting strategy and in coordination with service team members to include accurately assessing the needs of the broker and the client and formulating solutions that effectively address those needs.
Analyze underwriting & marketing activities and corresponding results; prepare reports to management.
Mentor and provide technical training and guidance to coworkers.
Determine, coordinate and direct account management activities with various departments.
Negotiate and deliver proposals to producers and buyers.
Develop and maintain client relationships and coordinate service team efforts.
Identify opportunities for organizational improvement and recommend solutions.
Qualifications:
Bachelor's degree or equivalent (at least 7 years of experience) casualty underwriting experience with an insurance carrier required.
Advanced understanding and technical knowledge of underwriting mechanics and fundamentals
Advanced knowledge of casualty coverage and loss sensitive deal structures (retrospective rating, large deductible, captive, and self insurance). Additional knowledge in financial analysis, account management and collateral management is desired.
Advanced knowledge of local and regional market conditions as well as industry trends. Advanced knowledge of underwriting territory and strong relationships with the local distribution network (local and regional agents, national and regional brokers, and select consultants).
Demonstrated proficiency in the successful marketing and prospecting of business opportunities, as well as, relationship building and agency management skills.
Able to create a presence that conveys interest, conviction, and energy in maintaining relationships with external business partners.
Strong ability to effectively communicate, verbally and in writing, to uncover business needs.
Ability to foster creative solutions that resonate with external business partners.
Demonstrated ability to interact with various levels of management and support personnel.
Advanced skills in marketing, analysis, decision making/problem solving, planning and organizing; sales and negotiation and mathematical proficiency
Strong desire to work collaboratively and foster a team oriented environment (heavy interaction with Claims and Risk Control in particular).
Willingness to travel for business purposes. Underwriters are expected to be visible with their agents and brokers in order to develop and maintain solid relationships and generate an adequate flow of qualified business.
Chartered Property Casualty Underwriter (CPCU); Associate in Risk Management designation or other professional designations are desired.
As a leader in the property and casualty insurance industry with multiple locations, our clients choose PMA Capital Corporation because we understand that excellent service begins with our employees. Our working relationships with clients are marked by professionalism, execution and accountability and our company culture is centered on teamwork. This combination has earned an AM Best A- rating (Excellent) and created a supportive work environment that encourages personal and professional growth.
We offer a very competitive compensation package including two retirement contribution savings plans: a 401(k) with dollar for dollar match on the first 5% of salary and a company funded retirement contribution plan; tuition reimbursement and much more!
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