Mitsui Jobs

Production Underwriter - Sr.

Mitsui Sumitomo Marine Management (U.S.A.), Inc. | Addison Texas | 1/24/2018

Mitsui Sumitomo Insurance Group (MSIG) is one of the world’s top ten property/casualty insurance carriers with over 38,000 employees worldwide. MSIG insures large multinational and domestic companies, and offers comprehensive global insurance programs.  Our US subsidiary, Mitsui Sumitomo Marine Management (MSMM), currently has an opportunity available for a Sr. Production Underwriter in our Addison, Texas office.

PURPOSE SUMMARY:  Produce and underwrite profitable Commercial Lines business, consisting of: package, automobile, workers compensation and umbrella within the Central Zone. Responsible to meet domestic profitability and production targets while building strong agency relationships acting as an agency manager for assigned agents.  Work closely with Risk Control and Claims counterparts to develop and implement account management strategies to impact account retention and profitability as well as increasing visibility with agents and customers.

Essential Duties and Responsibilities include the following:

  • Underwrites moderate to highly complex accounts and risks. Ability to consider unique approaches toward risk transfer to maximize.
  • Has the ability to thoroughly analyze available information to determine terms and conditions of coverage on new and renewal business.
  • Ensures that agency visitation plans are completed to maximize new business opportunities.  Complete trip reports of each visit to highlight key issues and follow up activities. 
  • Proficient in various alternative risk transfer programs including large deductible, self-insured retentions and retrospective rating plans.
  • Ability to understand financial statements and ratios used in risk analysis
  • Expert knowledge of insurance finance and actuarial concepts.
  • Applies appropriate pricing techniques according to company filings and state/bureau regulatory guidelines.
  • Determines if reinsurance is needed and procures quotes from various internal and external markets.
  • Exceptional analytical and critical thinking skills, with thorough attention to detail.
  • Excellent organizational, documentation and problem solving skills.
  • Creates, drives and executes on strategies for new and renewal accounts.
  • Utilize consultative selling approach to generate new business consistent with our underwriting strategy.
  • Identify and develop strong relationships with assigned agents to obtain positive submissions flow, gain market intelligence and obtain new business and profitability goals.
  • Possess strong communication skills as well as excellent interpersonal marketing and negotiation expertise.
  • Works with Underwriting Manager to develop and implement an agency appointment strategy for assigned territory.

Education and/or Experience              

Bachelor's degree preferred; High school degree/G.E.D. required. 8+ years underwriting multi-line middle market commercial business ($100,000 - $1M) including a minimum of 3 years production underwriting experience.  Experience with advanced underwriting concepts such as large deductible programs, retros, etc. is helpful.  Must also have demonstrated negotiation and production skills.

Other Requirements

Ability to travel (same day and overnight) using all forms of transportation ( up to 25%).



Career Level
Addison Texas
Competitive salary offered plus benefits! (i.e. Medical, Dental, Vision, 401K)

Sales, Underwriting
Experienced (Non-Manager)