Senior Underwriter, Industrial and Global Property
Mitsui Sumitomo Marine Management (U.S.A.), Inc. | New York City, New York | 3/19/2018
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 Senior Underwriter in our Industrial & Global Property department, located in our New York City office.
Summary Responsible for producing, underwriting and servicing Industrial and Global property business on a nationwide basis in accordance with corporate goals.
Essential Duties and Responsibilities include the following. Other duties may be assigned.
- Produces, underwrites and services Industrial and Global property risks within delegated underwriting authority. Monitors underwriting results, premium and loss trends within assigned book of business.
This includes:
- Reviewing submissions to determine acceptability of risk in accordance with Company guidelines and standards.
- Perform all aspects of the underwriting process and due diligence including review and analysis of financial documents and individual risk factors.
- Applying appropriate pricing techniques according to company filings and state/bureau conformance.
- Working with brokers and clients to create customized insurance solutions.
- Documenting accounts in accordance with regulatory and internal underwriting guidelines.
- Analyzing Policy forms and endorsement requests from brokers.
- Deliver quality service to brokers and customers within established service metrics for new, renewal and interim requests.
- Develop and cultivate new and existing broker and customer relationships nationally. Source new business opportunities through a strong broker and client network.
- Establish and execute effective and efficient broker and client visits (with appropriate business units – Risk Engineering, Claims and Marketing Representatives) in order to maintain existing, and increase new, business.
Supervisory Responsibilities:
This position has no supervisory responsibilities.
Education and Experience Required:
Diploma/Degree & Experience
- Bachelor's degree (B. A.) required
- 7 to 10 years of related property underwriting background required.
- Existing producer relationships preferred.
- Must have demonstrated negotiation and production skills.
- Excellent verbal and written communication skills
Language
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
Mathematical
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages.
Reasoning
Ability to define problems, collect data, establish facts, and draw valid conclusions.
Computer
To perform this job successfully, an individual should have good computer skills including knowledge of Internet software; Excel, Microsoft Word, PowerPoint and the ability to learn and work with miscellaneous insurance-related applications.
Other Qualifications Required:
CPCU or insurance related courses helpful.
Other Skills and Abilities Required:
Position requires 20% same day travel, with some overnight stays.
JOB OVERVIEW
Pay
Industry
Category
Career Level
Competitive salary, benefits, and 401K!
Underwriting
Experienced (Non-Manager)
Mitsui Sumitomo Marine Management (U.S.A.), Inc. (“MSMM”) is a United States subsidiary of MS & AD Insurance Group Holdings, Inc., one of the world’s top property/casualty insurance carriers with over 38,000 employees in more than 39 countries & regions worldwide.
MSMM manages the business affairs of three U.S. commercial property/casualty insurance companies: Mitsui Sumitomo Insurance Company of America, Mitsui Sumitomo Insurance USA Inc. and Aioi Nissay Dowa Insurance Company of America, all rated A+ (Superior) by A.M. Best Company (for the latest rating, access www.ambest.com).
MSMM specializes in providing commercial property and casualty insurance products and related services to customers throughout the U.S.
In joining MSMM, you are becoming part of a worldwide team dedicated to:
- Making a lasting contribution to the enrichment of society by bringing security and safety to people and businesses around the world through the sale and servicing of its insurance products;
- Realizing customer satisfaction by working to provide the finest products and services to consistently meet our clients’ growing needs; and
- Meeting our shareholders’ expectations and strengthening their trust in us by continuously improving our business.
We value each employee’s unique set of skills and contributions and believe that each employee plays an important role in the success of MSMM.
MSIG refers to the MS&AD Insurance Group insurers underwriting coverage: Mitsui Sumitomo Insurance Company of America, Mitsui Sumitomo Insurance USA Inc. and Aioi Nissay Dowa Insurance Company of America. MS&AD Insurance Group, 15 Independence Boulevard, Warren, P.O. Box 4602, New Jersey 07059-0602.
© MSIG Holdings (Americas), Inc. All rights reserved.
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