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Underwriter - 1

Company:
Absolute Opportunities
Location:
Chevy Chase Village, Maryland, 20815, United States
Posted:
February 14, 2018
Description:

Underwriter - 1

Chevy Chase, MD 20815

Relocation assistance: No

Description

We are seeking an Underwriter in the Architects & Engineers Program.

General Summary

The successful candidate will exemplify Marsh’s IGNITE operating principles, the behaviors that guide our conduct and growth In Touch: Get out in front by being informed and connected; Genuine: Be authentic with clients and each other; Nimble: Be flexible and move quickly to deliver quality results; Inclusive: Be open to diverse ideas, experiences, and backgrounds; Trusted: Stand for integrity and ethical behavior; and Engaged: Actively participate in making Marsh extraordinary.

General Summary:

Responsible for the renewal of existing business and the generation of new accounts. Determines terms and conditions for coverage and rates for program profitability. Provides reports on the underwriting results to senior management. Build relationships with the broker distribution force. Negotiate quotation and ensures policies are issued as bound. In addition to managing a robust book of business, the ideal candidate will have the ability and desire to grow and own their assigned territory through aggressive prospect pipeline management and achievement of new business premium goals. This position involves the ability to multi-task at a high operating level while maintaining strong attention to detail. Success in this role is defined by strong account retention, profitable underwriting results and new business all achieved by possessing high energy, proficient negotiation skills with both the brokers and our carrier partner.

Responsibilities:

Reviews and analyzes submissions for Professional Liability coverages such as Architects & Engineers, Land Surveyors, Landscape Architects and Construction Consultants.

Identifies and obtains additional information required for proper analysis of risk including cross referencing with other departments

Corresponds with other insurance professionals to obtain further information, quote rates, or explain company underwriting policies

Assesses exposure and determines rates, terms and conditions of coverage in accordance with guidelines and uses

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Description

We are seeking an Underwriter in the Architects & Engineers Program.

General Summary

The successful candidate will exemplify Marsh’s IGNITE operating principles, the behaviors that guide our conduct and growth In Touch: Get out in front by being informed and connected; Genuine: Be authentic with clients and each other; Nimble: Be flexible and move quickly to deliver quality results; Inclusive: Be open to diverse ideas, experiences, and backgrounds; Trusted: Stand for integrity and ethical behavior; and Engaged: Actively participate in making Marsh extraordinary.

General Summary:

Responsible for the renewal of existing business and the generation of new accounts. Determines terms and conditions for coverage and rates for program profitability. Provides reports on the underwriting results to senior management. Build relationships with the broker distribution force. Negotiate quotation and ensures policies are issued as bound. In addition to managing a robust book of business, the ideal candidate will have the ability and desire to grow and own their assigned territory through aggressive prospect pipeline management and achievement of new business premium goals. This position involves the ability to multi-task at a high operating level while maintaining strong attention to detail. Success in this role is defined by strong account retention, profitable underwriting results and new business all achieved by possessing high energy, proficient negotiation skills with both the brokers and our carrier partner.

Responsibilities:

Reviews and analyzes submissions for Professional Liability coverages such as Architects & Engineers, Land Surveyors, Landscape Architects and Construction Consultants.

Identifies and obtains additional information required for proper analysis of risk including cross referencing with other departments

Corresponds with other insurance professionals to obtain further information, quote rates, or explain company underwriting policies

Assesses exposure and determines rates, terms and conditions of coverage in accordance with guidelines and uses judgment underwriting to evaluate a risk

Negotiates terms and conditions with brokers

Determines whether to accept, modify, or decline risks

Develops or modifies policy wording when standard text is not appropriate

Binds coverage and initiates issuance of documents

Prepares and maintains periodic reports pertinent to the ongoing operation of the department

Services current accounts

Provides advice and expertise to other underwriters on underwriting issues

Assists in special projects in conjunction with marketing and business plans

Required Knowledge, Skills, and Abilities: (Submission Summary)

1. 3-5 years of insurance related experience, professional liability preferred but not required

2. Excellent written and oral communication skills

3. Ability to apply mathematical concepts to practical situations

4. Strong analytical and judgment skills; excellent problem solving ability

5. College degree, preferably in insurance or business administration

6. We are looking for a candidate with strong commercial P&C underwriting experience.

7. Underwriting for Architects and Engineers preferred

8. Present Salary?

9. Salary Expectation?

10. Must be a US Citizen or Green Card holder?

11. Current Address?