Mitsui Jobs


Sr. Production Underwriter

Mitsui Sumitomo Marine Management (U.S.A.), Inc. | Warren, New Jersey | 5/27/2015


Mitsui Sumitomo Insurance Group (MSIG) is one of the world’s top ten property/casualty insurance carriers with over 22,000 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 Production Underwriter in our Warren, NJ office.

Summary: Produce and underwrite profitable Commercial Lines business, consisting of:  package, automobile, workers’ compensation and umbrella within the Eastern Zone.  Responsible for Domestic profitability and production targets within assigned territory while building strong agency relationships acting as an agency manager for assigned agents. Work closely with Risk Engineering 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. Other duties may be assigned.

  • Selects and underwrites Commercial Lines new and renewal risks within delegated underwriting authority.
  • Consults with agents and brokers to obtain new business submissions and manages the assigned territory by visiting agents, brokers and clients.
  • Applies appropriate pricing of techniques according to company filings and state/bureau conformance.
  • Monitors underwriting results, premium and loss trends within assigned book of business.
  • Establishes and executes insured and producer travel programs, independently or with Risk Engineering, Claims, Underwriting Manager and Business Development Manager.
  • Establishes and implements effective production plan with agents and brokers in their assigned territory.
  • Determines if reinsurance is needed and procures quotes from various internal and external markets

Supervisory Responsibilities                                                

This job has no supervisory responsibilities.

Education and/or Experience                                               

Bachelor's degree (B. A.) from four-year college or university preferred; High school degree or G.E.D. required plus 5+ years underwriting multi-line middle market commercial business ($100,000 to $1m), with a minimum of 5 years in a production role.  Experience with advanced underwriting concepts such as large deductible programs is preferred.

Must have demonstrated negotiation and production skills.  Position requires 30% same day travel, with some overnight stays.

Certificates, Licenses, Registrations

CPCU or insurance related courses are helpful.

 

JOB OVERVIEW

Location
Pay
Industry
Category
Career Level
Warren, New Jersey
Salary dependent on candidate's experience. Benefits & 401K!

Underwriting
Experienced (Non-Manager)