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Manager, Underwriting - Facilties

extra holidays - extra parental leave
Remote: 
Full Remote
Salary: 
119 - 160K yearly
Work from: 

Offer summary

Qualifications:

Bachelor's degree in relevant field, 5-10 years underwriting experience.

Key responsabilities:

  • Manage day-to-day activities of Underwriting team
  • Underwrite complex accounts and coordinate territory management
Coverys logo
Coverys Insurance SME https://www.coverys.com/
501 - 1000 Employees
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Job description

The Manager, Underwriting is responsible for managing and coordinating the day-to-day activities of the Facilities Underwriting team, underwriting complex accounts and ensuring effective management of assigned territory by performing the following duties.

Essential Duties & Responsibilities

  • Supervise and coordinate underwriting activities for the team and ensures effective management of assigned territory.

  • Assign team members to accounts; review and monitor files and ensure timeliness of underwriting activities.

  • Assign team members’ responsibility for underwriting accounts based upon their knowledge and experience.

  • Ensure timeliness of work, including policy issuance and timely collection of premiums due.

  • Underwrite complex accounts while maintaining their own portfolio.

  • Support the profit and loss goals of the portfolio under management.

  • Draft endorsements, review and discuss policy wording in coordination with product development – act as main liaison to product development for managed portfolio.

  • Monitor the amount of insurance in force on single risk or group of closely related risks within assigned territory; evaluate possibility of losses due to catastrophe or excessive insurance, and recommend corrective action.

  • Partner with enterprise underwriting team and division executive to determine staff authority.

  • Lead and/or actively participate in presentations/RFP for current and prospective insureds.

  • Meet with brokers to develop and foster relationships.

  • Maintain knowledge of competitive landscape regarding pricing and product offerings of competitors.

  • Collaborate with other functional areas to ensure all regulatory and compliance requirements are satisfied.

  • Partner with segment leads to develop and implement underwriting guidelines for programs.

  • Coordinate monthly meeting with Claims team to discuss large losses or losses of interest for portfolio under management.

  • Work with Pricing & Analytics team to ensure that approved formulas and tables are utilized for calculation of rates and premium charge.

  • Coordinate segment self-audit, audit files to ensure accounts are underwritten according to company policies and procedures. Take corrective action when required.

  • Attend and coordinate territory attendance at industry conferences.

  • Work closely with the Underwriting Training Specialist in identifying and providing technical training to underwriting team to increase skill levels and underwriting authority.

  • Supervisory responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

Education, Requirements & Competencies

  • Bachelor's degree (B.A.) from four-year college or university preferred

  • Five to ten years primary underwriting experience in Medical Malpractice Professional Liability Insurance.

  • Experience in product design a plus

  • CPCU or RPLU designation a plus, or equivalent related experience and/or training

  • Previous supervisory experience preferred.

  • Must be knowledgeable in insurance policy contracts, particularly medical malpractice, general liability, directors and officers liability, and excess/umbrella liability.

  • Manager would be able to effectively communicate the elements of his/her program analysis with his/her peers, department management and the Program 

  • Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.

  • The ability to maintain strong producer relationships.

  • Ability to develop familiarity with a wide variety of healthcare risks and as well as the regulatory, legislative, legal and economic factors that affect them.

  • Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.

  • Proficiency with Microsoft Office suite of programs.

  • Ability to learn the use of new software applications as required.

The base salary range is $118,500 - $160,000. Individual compensation packages are based on a variety of factors that are unique to each candidate including geographic location, skill set, experience, qualifications and education.

If you're a caring and customer focused individual who enjoys working with passionate team members, Coverys is the right company for you!

Required profile

Experience

Industry :
Insurance
Spoken language(s):
English
Check out the description to know which languages are mandatory.

Other Skills

  • Leadership Development
  • Verbal Communication Skills
  • Microsoft Office
  • Analytical Skills
  • Relationship Building

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