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Senior Underwriting Manager

Employer
Maryland State Treasurer
Location
Annapolis, Maryland (US)
Salary
$70,691 - 103,188
Closing date
Jun 2, 2019

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Job Details

The Insurance Division is responsible for administering the State’s Insurance Program.  The Division is made up of four units: Claims, Underwriting, Loss Management and Litigation. The Division's goal is to provide statewide risk management through loss restoration (Claims), loss protection (Underwriting), loss management (Loss Control/Prevention), and loss resolution (Litigation).

The Senior Underwriting Unit manages the insurance needs of the State through self-insurance, and with the procurement of commercial insurance. Commercial insurance protects the State Insurance Trust Fund from catastrophic losses and fulfills certain statutory requirements and agency contractual agreements. The Unit analyzes commercial coverage offerings, prices, limits and deductibles and then recommends to the Treasurer the combination that best protects the State of Maryland's assets.  As part of its mission to manage the State's insurance needs, the Underwriting Unit conducts an annual insurance survey to gather data on State exposures. The collected data is used to purchase commercial insurance policies and as a component for setting self-insurance premiums.  This database serves as the only official record of the State’s assets. 

The role of the Senior Underwriting Manager is to oversee this unique State Insurance Program in order to support the Treasurer’s duties under Title 9 of the State Finance and Procurement Article.  The Senior Underwriting Manager is the sole position in the State able to negotiate all commercial insurance coverages purchased by the State Treasurer.  The Senior Underwriting Manager formulates recommendations to the Deputy Director, Director of Insurance and Chief Deputy Treasurer in an executive summary if gaps in coverages are detected or foreseen. This position also develops commercial insurance coverages for unique State liability exposures, which include airport and port liability, medical professional liability for university students/interns, railroad liability, and aviation liability among others. This position supervises one other staff member.

MINIMUM QUALIFICATIONS: 

Education: A Bachelor's degree from an accredited college or university.

Experience:  At least two (2) years specifically in underwriting.  One (1) year of this experience must have involved one or more of the following: the supervision of other employees, overseeing and coordinating the general operations of a unit, applying rules and regulations, or exercising responsibility for the development of policies or procedures.

PREFERRED QUALIFICATIONS:

  • Underwriting experience in commercial lines working with or for an insurance company/agency
  • Bachelor’s degree in insurance, business, or other related discipline/field
  • AU, CPCU, ARM, ARMP or other underwriting designations
  • Large Commercial Account underwriting experience
  • Working knowledge of public entity procurement processes
  • Proficiency with Microsoft Word, Excel and Outlook.

NOTES:  Applicants will be subject to a background investigation to include credit and criminal history.

 

As an equal opportunity employer Maryland is committed to recruiting, retaining and promoting employees who are reflective of the State’s diversity. We thank our veterans for their service to our country, and encourage them to apply.

Company

The Maryland State Treasurer’s Office is an executive level agency responsible for receiving, depositing, investing, and distributing State money. Specific responsibilities include selecting financial institutions to serve as depositories for State funds; investing unexpended or surplus State money; arranging for interest and principal payments on the State debt; administering and arranging for the sale, settlement, and delivery of State General Obligation bonds; working with the nationally recognized bond rating agencies; administering the State Insurance Program of purchased insurance and self-insurance including coverage of the State's liability under the Maryland Tort Claims Act; and paying, upon warrant of the Comptroller, all bills of State agencies.  Constitutional and statutory provisions relating to the Office of the State Treasurer may be found in both the Constitution and in State Law.

Do you want to make a difference in your career?  Several opportunities are now open with the Maryland State Treasurer’s Office in the Insurance field.

Company info
Website
Telephone
4102607533
Location
80 Calvert Street
Annapolis
MD
21401
US

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