Senior Portfolio Underwriter
Mitsui Sumitomo Marine Management (U.S.A.), Inc. | Warren, New Jersey | 11/30/2018
Mitsui Sumitomo Insurance Group is one of the world’s 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
- Bachelor's 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.
JOB OVERVIEW
Pay
Industry
Category
Career Level
Competitive Salary, annual bonus 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.
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