What are the responsibilities and job description for the Underwriter - Underwriting Specialist- Life Sciences position at James River Management Company?
Job Summary
The Underwriter will be responsible for reviewing and analyzing Life Sciences underwriting data in order to determine if risks meet corporate underwriting standards calculate appropriate premium and determine proper terms for acceptable risks and respond to brokers when risks do not meet underwriting guidelines. Underwriters are also responsible for developing and maintaining profitable business relationships with brokers. This position can be remote and we are looking for solid experience in the Life Sciences underwriting space.
Duties and Responsibilities
- Continuously exhibit and uphold Core Values of Integrity, Accountability, Communication and Teamwork, Innovation and Customer Service
- Analyze new business opportunities and develop renewal strategies
- Attain quote, premium and division goals as assigned
- Develop and maintain strong relationships with brokers
- Use critical thinking and problem solving skills to negotiate with brokers on placements
- Travel to meet with brokers within assigned territory at least three times per year
- Other duties as assigned
Knowledge, Skills and Abilities
- Ability to effectively and properly select, evaluate, model, determine coverage, rate, document, quote and bind accounts
- Ability to effectively assess risk
- Excellent verbal and written communication skills
- Ability to work independently or in a team environment to complete assignments within the parameters of instructions given, prescribed processes and standard accepted underwriting practices
- Solid knowledge of underwriting philosophy and techniques
- Proven problem solving and decision making skills
- Strong negotiation skills
- Ability to multi-task
- High level of initiative and motivation
- Strong work ethic with a drive to succeed
- Solid customer service and relationship building skills
- Proficiency in MS Office (Word, Excel, Outlook) and Internet researching
Experience and Education
Underwriter
- Bachelors Degree or equivalent work experience
- Minimum of 2 years experience in Life Sciences Underwriting preferably in Excess and Surplus lines
- Preferably pursuing courses toward professional designations or continuing education.
Senior Underwriter
- Bachelor's degree or equivalent work experience
- Minimum of 5 years experience in Life Sciences Underwriting, preferably in Excess and Surplus lines
- Professional designation is preferred
Underwriting Specialist
- 15 years experience in Life Sciences Underwriting, 10 years in Excess and Surplus lines with specialized coverage and product knowledge
- Bachelor's Degree or equivalent work experience
- Specific experience in marketing and underwriting of the division related products
- Professional designation is preferred