Inland Marine Underwriting Specialist

POSITION SUMMARY

The Inland Marine Underwriting Specialist will have a sound foundation in underwriting principles to go and maintain a profitable diversified portfolio of Inland Marine business per company underwriting strategies, guidelines, and standards. The position will review and analyze new business submissions and mid-term endorsement requests to determine acceptability for quoting/binding within granted Letter of Authority and established unit guidelines. It will also be responsible for renewal business/retention, underwriting to a profit.

POSITION RESPONSIBILITIES

• Applies sound underwriting principles, policies, procedures, and controls.
• Selects, prices, classifies and determines coverage terms of individual general liability risks following established company guidelines and philosophies.
• Meets production and marketing goals while maintaining underwriting integrity and overall profitability of the product line.
• Develops production sources and relationships. Maintains excellent communication with brokers and makes broker visits as required.
• Works collaboratively with other team members and mentors less experienced underwriters and support staff.
• Monitors key performance metrics in order to achieve individual and unit goals.
• Keeps current on issues affecting the Inland Marine line of business as well as the competitors and the overall marketplace.
• Attends industry conferences as required.
• New business production, 80% of responsibility.
• Performs other duties as assigned.

KNOWLEDGE, SKILLS AND ABILITIES

• Knowledge of
  • Builder’s risk/renovation/installation floaters
  • Contractor’s equipment, including heavy equipment
  • Riggers liability
  • Motor truck cargo
  • Commercial output policies
  • Scheduled floaters
  • Warehouse legal liability
• Demonstrates ability to interpret and analyze data and make an informed, calculated risk decision.
• Technical expertise should include financial analysis, loss rating, assessment of individual risk/exposure analysis and rate for risk.
• Able to assist with training for new underwriters.
• Ability to prioritize and manage multiple tasks while meeting established deadlines
• Ability to demonstrate planning and organizational skills.
• Strong computer skills (Excel|Word|SharePoint) with demonstrated high accuracy output
• Outstanding problem solving, reasoning, and decision- making skills
• Excellent interpersonal and written/oral communication skills
• Excellent attention to detail
• Proven team player and energetic personality Proven team player, who is creative and takes initiative.

EDUCATION / EXPERIENCE / CERTIFICATIONS

• Bachelor's Degree from an accredited college/university.
• Minimum of five years of experience in inland marine underwriting
• Established relationships with wholesale and retail brokers, preferred
• Associate in Marine Insurance Management (AMIM) or other insurance related designations, a plus.

PHYSICAL DEMANDS

Physical demands are considered to be that of an office environment, climate controlled, with minimal physical exertion. This position requires prolonged sitting, ability to utilize a computer and interactions with others in meetings or via phone. Occasional travel will be required.