What are the responsibilities and job description for the Assistant Vice President-Underwriting position at Old Republic Inland Marine?
Title: Assistant Vice President, Senior Underwriter
Reports To: Vice President, ORIM
Department: Underwriting, Old Republic Inland Marine “ORIM”
Classification: Exempt
Who We Are:
Old Republic International Corporation (ORI), which traces its beginning to 1923, is a Fortune 500 company and one of the nation’s 50 largest shareholder-owned insurance organizations. Our subsidiaries actively market, underwrite and provide risk management services for a wide variety of coverages, mostly in the general and title insurance fields.
Our Mission is to provide quality insurance security and related services to businesses, individuals and public institutions, and be a dependable long-term steward of the trust that policyholders, shareholders and other important stakeholders place in us.
Position Overview:
Old Republic Inland Marine, Underwrites, prices, and manages various classes of Inland Marine business. We are looking for an Assistant Vice President to develop and profitably grow a book of Inland Marine business comprised of Contractors Equipment, Installation Floater, Railroad Rolling Stock, Warehouse Legal Liability, and other Inland Marine lines of business. This position works closely with ORIM leadership to help identify the best opportunities to pursue. ORIM has a flat organizational structure to embrace responsibility and an efficient decision-making process. ORIM is located in Chicago and Atlanta but supports Inland Marine underwriting activities around the US.
Essential Job Functions:
- Build a profitable and diverse book of Inland Marine business with assigned brokers throughout the country. Develop creative program structures to stay ahead of the competition.
- Create, implement and manage underwriting initiatives to drive the profitable growth of the portfolio.
- Manage workloads and authority for desirable risk evaluations
- Serve as the technical underwriting expert and primary resource for underwriting questions.
- Ability to place and negotiate reinsurance needs on an individual risk basis
- Work independently within delegated authority and discuss risks with referrals as required
- Understand, interpret and consider catastrophe modeling results as part of the decision-making process and aggregate management.
- Drive a culture that promotes collaboration and teamwork.
- Generate and assist with the implementation of ideas for continuous operational improvement.
- Create and build relationships with Inland Marine specialist brokers across the country.
- Occasional travel is required.
Qualifications:
- 7 years of Inland Marine underwriting experience. Strong shared and layered placement experience a plus
- Bachelor’s degree or equivalent experience
- Ability to analyze risk across a broad spectrum of Inland Marine classes of business
- Strong problem-solving, reasoning and decision-making skills.
- Excellent verbal and written communication skills.
- Understanding of Inland Marine rating methodology and cat modeling tools
- Solution-orientated individual
ORI is an Equal Opportunity Employer. ORI provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.