Mitsui Jobs


Underwriter / Senior Underwriter - General Property

Mitsui Sumitomo Marine Management (U.S.A.), Inc. | New York City, New York | 4/5/2018


NOTE:  Although the below job description is for a Senior Underwriter, we are interested in reviewing candidates at the junior underwriter or underwriter level. The ultimate job title will be based on the qualifications of the selected candidate.

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 (General Property) in our New York City office.

PURPOSE SUMMARY:  The Sr. Underwriter is responsible to underwrite profitable Commercial Lines business within assigned territory in accordance with Corporate and Field office goals.

Essential Duties and Responsibilities include the following:

Underwriting                                                                                                                         60%

  • Produces, underwrites and services commercial property risks within the delegated underwriting authority.
  • Selects and underwrites the most complex Commercial Lines property risks within delegated underwriting authority. Applies appropriate pricing techniques according to company filings and state/bureau conformance.
  • Monitors underwriting results and premium and lost trends within assigned book of business.
  • Develops and executes formal written agency plans with all assigned agents in territory.

Client Management                                                                                                              30%

  • Establishes and executes effective and efficient producer and client visits (with appropriate business units – Loss Control, Claims and Marketing Representatives) in order to maintain and increase new business.
  • Deliver quality service to brokers and customer 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.
  • Coordinates with inter-company departments as well as producers, insureds and Marketing Representatives to ensure appropriate high level account management standards are maintained.

Compliance and Training                                                                                                      10%

  • Enhances technical expertise in the area of Commercial Lines property underwriting including assisting in Underwriting Manager in the training and development of Department staff.
  • Responsible for helping develop and implement best practices in the areas of Account Management.
  • Complies and documents accounts in accordance with regulatory and internal underwriting guidelines

Supervisory Responsibilities                                                

This job has no supervisory responsibilities.

Diploma/Degree & Experience

  • High school degree or G.E.D. required.  Bachelor's degree (B. A.) from four-year college or university preferred
  • 5-7 years of multi-line background required. Existing producer relationships preferred.
  • Must have demonstrated negotiation and production skills.
  • Excellent verbal and written communication skills

.

Computer

Proficient with MS Office Suite

Other Qualifications Required:

CPCU or insurance related courses helpful.

Other Skills and Abilities Required:

Position requires 20% same day travel, with some overnight stays.

Competencies:  To perform the job successfully, an individual should demonstrate the following.

Core Competencies

Communication, Customer Focus & Teamwork

Managerial Competencies

 

Job Specific Competencies

Analytical & Problem Solving

 

JOB OVERVIEW

Location
Pay
Industry
Category
Career Level
New York City, New York
Competitive salary offered - plus 401k and benefits!

Underwriting
Experienced (Non-Manager)