Senior Production Underwriter
Mitsui Sumitomo Marine Management (U.S.A.), Inc. | Addison, Texas | 3/22/2019
Summary
The Senior Production Underwriter is responsible to produce and underwrite profitable Commercial Lines business, including package, automobile, workers compensation and umbrella within the Central Zone. Responsible for profitability and production targets within assigned territory while building strong agency relationships. Act 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 Functions
- Selects and underwrites moderate to highly complex accounts and risks. Thoroughly analyzes available information to determine terms and conditions of coverage on new and renewal business.
- Applies appropriate pricing techniques according to company filings and state/ bureau regulatory guidelines.
- Determines if reinsurance is needed and procures quotes from various internal and external markets.
- Works with Underwriting Manager to develop and implement an agency appointment strategy for assigned territory and manages the territory by visiting agents, brokers and clients on a regular basis.
- Identifies and develops strong relationships with assigned agents to obtain positive submissions flow, gain market intelligence and meet new business and profitability goals.
- Completes trip reports of each visit to highlight key issues and follow up activities.
- Applies appropriate pricing of techniques according to company filings and state/ bureau conformance.
- Monitors underwriting results and premium and loss trends within assigned book of business.
- Establishes and executes insured and producer travel programs, independently or with Risk Engineering, Claims and Underwriting Manager.
Qualifications
To perform. this job successfully an individual must be able to, perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge; skill; and/ or ability required:: Reasonable accommodations may be made to enable individuals with disabilities to.perform the essential functions.
Qualifications
- Bachelor' s degree from four-year college or university is preferred.
- 5+ years underwriting multi-line middle market commercial business($100,000 to $1m) with a minimum of 3+ years in a production role.
- Experience with advanced underwriting concepts such as large deductible programs is preferred.
- Must have demonstrated negotiation and production skills.
- CPCU preferred.
- Advanced underwriting technical training required.
- Expert knowledge of insurance finance and actuarial concepts.
- Ability to understand financial statements and ratios used in risk analysis
If you have the required skills and experience and are interested in working in a challenging environment, please email your resume with salary requirements 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, Bonus + 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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