Senior Underwriter
Location: Salem Virginia
Description: OneBeacon Insurance Group is looking of Senior Underwriter right now, this occupation will be placed in Virginia. More complete informations about this occupation opportunity kindly see the descriptions. We are currently seeking a Senior Underwriter to join our team in Salem, VA. The Senior Underwriter will work under technical direction, within underwriting authority, underwrites risk regarding select! ion and rejection of new and/or renewal business. Administers and monitors underwriting rules and guidelines, rating manual rates and insurance laws and regulations. Analyzes quality and quantity of risks written and prepares reports accordingly. Monitors and evaluates results of assigned producers and assigned territory. Recommends and implements action plans for improvement of underwriting results for assigned producers and assigned territory. May act as coach /mentor to newer underwriters.
Responsibilities:
1) Manages profitable producer relationships by evaluating results and conducting portfolio reviews for assigned territory and individual producers, developing integrated pictures of factors that affect profitability, growth, retention and recommending, implementing, and monitoring necessary action plans.
2) Examines, identifies, and evaluates exposures by analyzing documentation from various sources (e.g. application, inspection reports, ! credit reports, etc.) and makes underwriting decisions to acce! pt, decline, or modify risks within assigned underwriting authority levels and territory and in partnership with underwriting team Manager when appropriate. Implements underwriting decisions in compliance with state laws and company guidelines.
3) Develops superior working relationships with producers, and with internal and external partners, to successfully promote achievement of mutual operating goals (ie growth, retention, profitability) and to supply the appropriate products and services.
4) Processes underwriting decisions and documents files and reports via automated desktop systems and tools.
5) Gathers and analyzes competitor information and producer specific reports on assigned producers’ retention, profitability and potential, to support territorial pricing and appetite reviews. Works with other underwriting staff to determine and make recommendations for pricing, products, systems, etc.
6) Collaborates with team members to ma! nage work inventories and all production activities to provide accurate and timely service in accordance with corporate standards.
7) Stays abreast of territory and insurance trends.
Requirements:
Must be able to identify and describe the major perils insured under policies. Must be able to independently identify and describe the exposures and hazards to consider in making an underwriting decision. Must know how to effectively obtain information needed to make an underwriting decision. Must have proven analytical, decision making, problem-solving, communication, listening and organizational skills. Must be able to work both independently and as a highly collaborative member of a team. Must be proficient with Microsoft Office suite as well as electronic underwriting systems. Must be able to work in a fast pace and rapidly changing environment.
Education and Experience:
Bachelor's degree preferred. The ideal candidate should ha! ve a minimum of 3-5 years progressively complex underwriting experience! . Professional insurance designation is preferred (e.g., AICPCU designation)
OneBeacon Insurance Group, Ltd. is a Bermuda-domiciled holding company that is publicly traded on the New York Stock Exchange under the symbol “OB.†OneBeacon’s underwriting companies offer a range of specialty insurance products sold through independent agencies, regional and national brokers, wholesalers and managing general agencies. Each business is managed by an experienced team of specialty insurance professionals focused on a specific customer group or industry segment. OneBeacon’s solutions target professional liability; ocean and inland marine; entertainment, sports and leisure; excess property; environmental; group accident; programs; public entities; commercial surety; technology; and tuition refund. For further information about our products and services visit: www.onebeacon.com and to remain up to date on OneBeacon’s news, follow us on Twitter @OneBeaconIns or visit ! our online newsroom: www.onebeacon.com/newsroom .
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If you were eligible to this occupation, please email us your resume, with salary requirements and a resume to OneBeacon Insurance Group.
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This occupation starts available on: Wed, 18 Sep 2013 23:29:20 GMT