Senior Underwriter - General Property
Mitsui Sumitomo Marine Management (U.S.A.), Inc. | New York City, New York | 2/22/2018
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 (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
Pay
Industry
Category
Career Level
Competitive salary offered - plus 401k and benefits!
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.