Senior Underwriter – Miscellaneous E&O

Summary:

As a member of our Underwriting team, you will underwrite and grow a book of new Miscellaneous Professional Liability business, while developing and maintaining relationships with select wholesale and retail brokers. In your Underwriting capacity, you will make risk bearing decisions on behalf of the company commensurate with your training and granted underwriting authority. You will also work closely with the team leader to align and support the Underwriting function and various Underwriting initiatives. 

Essential Duties and Responsibilities:

·       Manage and grow a book of Miscellaneous Professional Liability business

·       Underwrite and analyze MPL risks, including Insurance Agents& Brokers, Real Estate Professionals and Miscellaneous Licensed Professionals; offer appropriate underwriting solutions for clients while meeting profitability targets.

·       Use all available underwriting information to meet and exceed client expectations with timely turnaround and delivery of appropriate pricing and insurance structure.

·       Perform risk analysis, including coverage evaluation, as well as terms and conditions for each submitted risk to determine appropriate structure and pricing.

·       Review claim and loss information on individual risks. Use this information to identify and evaluate accounts and develop strategy for dealing with exposure and frequency issues.

·       Travel to meet distribution partners and attend key industry events.

·       Be a key contact for assigned distribution partners; work to address concerns and needs, identify opportunities for new business growth, and retain existing business across all business segments.

·       Establish and maintain excellent communication with internal team members; collaborate with them to identify opportunities and strategies to increase new business writings and retain existing customers.

·       Other duties, projects, tasks, and responsibilities as assigned.

Education and Experience:

·       BA/BS degree.

·       4 years of underwriting experience.

·       History that includes “hands on” experience with leadership qualities.

·       Demonstrated technical underwriting expertise and product specific knowledge in Miscellaneous E&O.

·       Demonstrated experience in marketing within brokerage community.

·       Experience in Excess & Surplus Lines, Wholesale, and/or Retail Brokerage distribution.

·       RPLU, CPCU, ASLI, AU and other Professional designations (preferred).

·       Familiarity with Professional Liability in an underwriting, claims, litigation, or coverage role (preferred).

Key Competencies:

·       Strong computer skills.

·       Strong analytical and problem-solving skills.

·       Strong written and verbal communication, negotiation and interpersonal skills and the ability to effectively interact with all levels of internal and external business partners.

·       Ability to multi-task and to independently prioritize competing demands/requests within given time constraints.

·       Ability to work independently.

·       Ability to maintain strong interpersonal relationships.

·       Ability to manage time and balance competing priorities.

·       Strong internal and external communication, analytical, negotiation and organizational skills.

·       Ability to apply critical thinking and good decision-making in situations of uncertainty.

·       Ability to exercise independent judgment and effectively make sound business decisions.

Job Type: Full-time, 40 hours a week.

Schedule: 8:15am – 5:00pm, Monday – Friday.

Location: Remote. Connecticut or Chicago, IL area preferred. Eastern and Central time zones preferred.

Work Status: Remote. Potential to be placed in one of the McGowan offices.

Benefits:

• 401(k) matching.
• Dental insurance.
• Health insurance: Includes Vision Savings Pass.
• Voluntary additional benefits: Life insurance, short-term disability, and long-term disability.
• 8 days holiday paid time off.
• Paid time off.