What are the responsibilities and job description for the Senior Underwriter position at Private Client Select?
About The Company:
Private Client Select Insurance Services (PCSIS), is an independent managing general underwriter (MGU) majority owned by Stone Point Capital. Private Client Select Insurance Services protects the lifestyles and legacies of the most successful individuals across the U.S by providing robust risk management solutions and comprehensive coverage to preserve high-value assets. We understand their passions and are committed to preserving the lifestyle they built.
PCS employs approximately 460 staff members. The company has offices in New York, NY; Edison, NJ; Schaumburg, IL; St. Petersburg, FL and San Diego, California. PCS has a geographically diverse workforce and supports hybrid and remote business-based flexibility.
Job Summary:
As a member of our Private Client Select underwriting team you will focus on underwriting personal lines Property & Casualty products for high net-worth individuals in the US.
Key Responsibilities:
- Responsible for underwriting a book consisting of large accounts and complex risks for partner brokers.
- Rapidly evaluates, prioritizes, and selects submissions to ensure completeness and rate adequacy, evaluate risks and controls, and ensure compatibility with risk appetite.
- Identify risk exposures, special or common hazards, claims experience and appropriate controls. Analyze claims and quantifying losses.
- Adhere to guidelines and underwriting discipline to minimize exposure and appropriately price risks. Use sophisticated underwriting and producer management tools to meet profitability goals.
- Offer coverage, terms and conditions which generate a profit for the Company while meeting the needs of the customer.
- Develop and maintain strong working relationships with internal and external business partners.
- Meet new business and renewal retention goals through strong negotiation and communication skills which may involve virtual and onsite meetings with brokers, clients, or centers of influence.
- Identify and target new business and cross sell opportunities by building relationships with producers and account managers.
- Make independent sales calls to build strong relationships and grow the book of business. Communicate risk appetite and value proposition.
- Capture market intelligence and broker feedback on accounts to drive account and portfolio strategies.
- Document underwriting files accordingly per authority statements and guidelines.
- Review, evaluate, and recommend modifications to underwriting guidelines and workflows.
- Engage in various underwriting and marketing projects to improve overall company results.
- Strictly adhere to the underwriting authority vested by the insurance carrier partner.
- Utilize knowledge of the company’s products and services to connect with agents and increase submissions.
- Optimize profitable, new business growth by implementing marketing strategies to increase brand awareness, acquire new customers and establish a reputation as an industry leader.
Required Skills, Knowledge, and Education:
- 4-7 years of Personal Lines Property & Casualty Insurance underwriting experience or relevant professional experience.
- Property & Casualty Licensure required or willingness to obtain within 90 days of hire.
- Strong knowledge of underwriting concepts, practices, and procedures.
- Analytical and quantitative skills.
- Strong influencing, negotiation, and communication skills.
- Ability to work in dynamic, rapidly changing environment, adapting to changing requirements and collaborating with a wide range of colleagues to quickly deliver solutions.
- Detail-oriented with demonstrated ability to self-direct, prioritize work, and meet deadlines.
- Takes initiative on projects and assignments, seeks alternate solutions when necessary.
- Highly motivated and results oriented.
- Positive, energetic, self-motivated, and possesses strong interpersonal skills.
- Microsoft Excel knowledge.
- Bachelor’s degree preferred.
- Applicants must be legally authorized to work in the United States and must not require employment-based visa sponsorship now or in the future.
Equal Employment Opportunity Policy:
PCS values and is fully committed to diversity and inclusion. It is the policy of PCS not to discriminate against any applicant for employment, or any employee because of age, color, sex, disability, nation of origin, race, religion, sexual orientation, gender identity, or veteran status.