What are the responsibilities and job description for the VP Underwriting position at Core Specialty Insurance Services, Inc.?
- Examination & analyzing of submissions forwarded to Core Specialty by broker partners to determine if the risk is a targeted class of business and subsequently to determine appropriate limits, pricing & terms that will provide Core Specialty with adequate underwriting profit on each risk. Key Accountabilities/Deliverables: Execution of Lawyers E&O business plans and objectives including: Build Core Specialty’s reputation and presence in the professional liability market Provide prompt and accurate customer service on policy transactions Ensure all risks considered and bound are within delegated authority, underwriting standards, risk selection, peer review and pricing methodologies Provide documented evidence of underwriting activities and decisions in files as required Support Company and Department goals and objectives Build Core Specialty’s relationships with our broker partners In addition to the above key responsibilities, you may be required to undertake other duties from time to time as the Company may reasonably require. Carry out duties within our internal policies and procedures in accordance with applicable law, rules, regulation, good governance and Core Specialty’s shared values, including putting clients at the heart of our business. Technical Knowledge and Understanding: Strong knowledge of E&O underwriting industry including strong experience with Lawyers E&O business. Knowledge of E&O underwriting practices, coverage & pricing/rating methodologies with the ability to manuscript policy language. Strong knowledge of producer & competitor marketplace Strong knowledge of targeted industries Strong knowledge of insurance company operations Solid understanding of policy wordings and clauses Up-to-date knowledge of the insurance market environment Experience: 10 years in the E&O marketplace with a focus on Lawyers E&O business. Experience with APL (Accountants) E&O Underwriting preferred Experience working with support services, including IT, claims, actuarial and operations Strong Proficiency with Microsoft Office products (Excel, Word, PowerPoint) Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa for this position. #LI-Hybrid #LI-Remote - At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program Core Specialty offers a diversified range of property and casualty insurance products for small to mid-sized businesses. From underwriting offices spanning the U.S., the Company focuses on niche markets, local distribution, and superior underwriting knowledge, offering traditional as well as innovative insurance solutions to meet the needs of its customers and brokers. For further information about Core Specialty, please visit www.corespecialtyinsurance.com. In compliance with the Transparency in Coverage rule, issued in 2020 by US Departments of Health, Human Services, Labor and Treasury our health plan’s machine-readable files (MRFs) can be accessed via www.Cigna.com.