Senior Portfolio Underwriter
- Employer
- Mitsui Sumitomo Marine Management (U.S.A.), Inc.
- Location
- Warren, New Jersey
- Salary
- Not Specified
- Closing date
- Mar 4, 2019
View more
- Category
- Underwriting
- Job Type
- Not Specified
- Career Level
- Not Specified
Job Details
Mitsui Sumitomo Insurance Group is one of the worlds top ten property/casualty insurance carriers with over 40,000 employees worldwide. We have an opportunity available for a Senior Portfolio Underwriter to work out of our Warren, NJ office.
Summary
The Senior Portfolio Underwriter is responsible to underwrite profitable Commercial Lines book of business for domestic accounts within assigned territory in accordance with Corporate and Field office goals.
Responsibilities
- Underwrites the Commercial Lines risks within delegated underwriting authority. Applies appropriate pricing techniques according to company filings and state/bureau conformance within MSMM Underwriting guidelines.
- Monitors underwriting results and premium and loss trends within assigned book of business.
- Determines if reinsurance is needed and procures quotes from various internal and external markets.
- Develops and modifies policy working (with appropriate approvals) when standard text is not appropriate.
- Coordinate with inter-company departments as well as producers and insureds to ensure appropriate account management standards are maintained.
- Prepares files in accordance with underwriting department guidelines.
- Works with production underwriters and Underwriting Manager to effectively underwrite and manage assigned renewals.
- Assist in new business underwriting and occasionally travels to agents and customers as coordinated by production underwriters and Business Development Manager.
Education/Qualifications
- Bachelors degree preferred.
- 5+ years of strong middle market commercial lines underwriting experience.
- Strong experience underwriting large multi-line accounts (average account size $100K to $1m).
If you have the required skills and experience and are interested in working in a challenging environment, please email your resume with salary requirements to: resumes@msigusa.com
The Company is an Equal Opportunity / Affirmative Action employer, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.
Company
The primary purpose of Mitsui Sumitomo Marine Management (U.S.A.), Inc. (MSMM) is to manage the business affairs of two insurance companies: Mitsui Sumitomo Insurance Company of America and Mitsui Sumitomo Insurance USA Inc.
Our organization is structured in a manner that allows our service professionals to work hand-in-hand with our insured and producers to create coverage and service plans unique to each client. The resulting programs are geared toward the proper implementation of sound risk management procedures which lead to the effective management of exposures to loss, loss costs and total premium expense.
When joining MSMM, you are becoming part of a worldwide team that is 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.
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