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PMA Companies
Chicago, IL | Full Time
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Sr Underwriting Specialist - Commercial Markets
PMA Companies Chicago, IL
$92k-122k (estimate)
Full Time | Insurance 0 Months Ago
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PMA Companies is Hiring a Sr Underwriting Specialist - Commercial Markets Near Chicago, IL

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.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Insurance

SALARY

$92k-122k (estimate)

POST DATE

05/18/2023

EXPIRATION DATE

07/08/2024

WEBSITE

pmacompanies.com

HEADQUARTERS

BLUE BELL, PA

SIZE

1,000 - 3,000

FOUNDED

1915

CEO

VINCENT T DONNELLY

REVENUE

$500M - $1B

INDUSTRY

Insurance

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About PMA Companies

PMA Companies provides risk management solutions and services, specializing in workers compensation and offering property & casualty insurance, in the United States. Headquartered in Blue Bell, PA, PMA Companies is a member of Old Republic Companies. Old Republic International Corporation (NYSE: ORI) is one of the nations 50 largest publicly held insurance organizations. PMA Companies includes: PMA Insurance Group, specializing in workers compensation, and providing other commercial property & casualty insurance products; and PMA Management Corp. and PMA Management Corp. of New England, provid...ing results-driven TPA and Risk Services specializing in workers compensation and liability. We maintain a large client retention rate of 90% or higher and a client satisfaction rate of 96% per an independent survey. At PMA, we still build relationships the "old-fashioned way." Our clients know we care. They know we say what we do and do what we say. And they know that they can count on us to deliver tangible value to their business and to work passionately on their behalf. More
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