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Sr Underwriting Specialist - Commercial Insurance - Remote

Remote:

Full Remote

Contract:

Full time

Salary:

153 - 179K yearly

Experience:

Senior (5-10 years)

Work from:

Canada, California (USA), United States

Offer summary

Qualifications:

Bachelor's degree or equivalent experience required, 7 years of casualty underwriting required, Advanced understanding of underwriting mechanics, Knowledge of local and regional market conditions, Proficiency in marketing and relationship building.

Key responsabilities:

Underwrite new and renewal business coverage
Apply underwriting rules and guidelines effectively
Utilize consultative selling to generate new business
Analyze marketing activities and prepare management reports
Mentor coworkers and direct account management activities

PMA Companies Insurance Large https://www.pmacompanies.com/

1001 - 5000 Employees

See more PMA Companies offers

Job description

In this position, you will underwrite new and renewal business which includes solicitation, selection and pricing of highly complex multi-line risks (workers compensation, commercial auto, general liability). You will actively and creatively pursue new commercial insurance solutions including guaranteed cost, large deductible and retro account opportunities throughout the territory through your network of national and regional brokers and agents. Maintain and develop prospects in order to have a strong base of future opportunities to build your large account book. Contribute to the development of broker and agency management strategies and lead the development and execution of relationship management plans.

Responsibilities

Analyze, select and profitably price coverage for commercial risks and determine terms and conditions of coverage on new and renewal business.
Apply and conform to underwriting rules and guidelines, rating manuals, insurance laws/ regulations.
Utilize a consultative selling approach to generate new business consistent with underwriting strategy and in coordination with service team members to include accurately assessing the needs of the broker and the client and formulating solutions that effectively address those needs.
Analyze underwriting & marketing activities and corresponding results; prepare reports to management.
Mentor and provide technical training and guidance to coworkers.
Determine, coordinate and direct account management activities with various departments.
Negotiate and deliver proposals to producers and buyers.
Develop and maintain client relationships and coordinate service team efforts.
Identify opportunities for organizational improvement and recommend solutions.
Demonstrate commitment to Company's Code of Business Conduct and Ethics, and apply knowledge of compliance policies and procedures, standards and laws applicable to job responsibilities in the performance of work.

Requirements

Bachelor's degree or equivalent experience required.
7 years of casualty underwriting with an insurance carrier required
Advanced understanding and technical knowledge of underwriting mechanics and fundamentals
Advanced knowledge of casualty coverage and loss sensitive deal structures (retrospective rating, large deductible, captive, and self-insurance). Additional knowledge in financial analysis, account management and collateral management is desired.
Advanced knowledge of local and regional market conditions as well as industry trends.
Advanced knowledge of underwriting territory and strong relationships with the local distribution network (local and regional agents, national and regional brokers, and select consultants).
Demonstrated proficiency in the successful marketing and prospecting of business opportunities, as well as, relationship building and agency management skills.
Ability to create a presence that conveys interest, conviction, and energy in maintaining relationships with external business partners.
Strong ability to effectively communicate verbally and in writing to uncover business needs.
Ability to foster creative solutions that resonate with external business partners.
Ability to interact with various levels of management and support personnel.
Advanced skills in marketing, analysis, decision making/problem solving, planning and organizing; sales and negotiation and mathematical proficiency.

PMA is providing applicants with the anticipated wage range for this position in compliance with state regulations. The wage range for this role is $153,000 to $178,500. Wage ranges are based on national market data and may cover a wide range of geographies. Applicants may be paid above, within or below this range based on a variety of factors.