What are the responsibilities and job description for the Underwriting Manager position at Pennsylvania Lumbermens Mutual Insurance Company?
Company Description
Pennsylvania Lumbermens Mutual Insurance Company (PLM) is a nationally recognized property and casualty insurance carrier specializing in the lumber, woodworking, and building materials industries. With over 130 years of experience, PLM has built strong relationships with insureds and producers through a wide geographic expanse across the United States. Our dedicated team of professionals helps clients assess their risks, determine suitable coverage, and maintain a safe business environment. At PLM, we believe every risk is unique and requires specific attention, ensuring personalized service from start to finish.
Role Description
This is a full-time hybrid role for an Underwriting Manager based in Philadelphia, PA, with some work-from-home flexibility. The Underwriting Manager will oversee the underwriting process, including assessing risks, reviewing insurance applications, and determining appropriate coverage and premiums. Responsibilities include managing a team of underwriters, ensuring compliance with policies and regulations, and maintaining relationships with clients and producers. The role also involves analyzing financial data, staying updated on industry trends, and providing guidance and training to staff.
Essential Functions and Responsibilities:
1. Train and manage underwriters to evaluate and select risks that will result in a profit and growth for the company.
2. Evaluate, maintain and improve the quality of the underwriting staff and process.
3. Organize the division to function in an efficient manner.
4. Ensure that PLM meets and exceeds the expectation of customers from a quality and timeliness standpoint.
5. Evaluate and recommend corrective and/or appropriate actions to improve key brokerage and associations.
6. Prepare various state filing.
7. Assist on acceptability of reinsurance assumed business.
Requirements
Knowledge and Skills:
1. 10- 15 years commercial multi-line underwriter experience with a major primary company.
2. 3-5 years supervisory/team leader experience.
3. Ability to manage and motivate a variety of different personalities.
4. Demonstrated understand of property and casualty insurance.
5. Detailed understanding of reinsurance concepts (good contacts a plus).
6. Detailed understanding of commercial coverage, rating, policy construction and policy forms.
7. CPCU/CIC/CRM designations a plus
8. College or equivalent
9. Exposure to a Quality environment
10. Detailed understanding of a performance appraisal process
11. Demonstrated leadership, organization, communication (verbal, written, presentation)
12. Excellent negotiation skills.
13. Basic computer skills.
Physical Requirements:
1. Ability to hear.
2. Ability to speak clearly.
3. Ability to sit for extended periods of time.