Nationwide Sr Underwriter, E&S Spec (Sr Underwriter, E&S Specialty) in Scottsdale, Arizona
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ADDITIONAL INFORMATION ABOUT THIS POSTING – PLEASE READ CAREFULLY
Please note that the job may be filled at either the Senior Underwriter or Underwriter II level depending on the qualifications and related experience of the chosen applicants.
Information above the asterisks is specific to this opening, while the information below the asterisks is the corporate job description for this position.
We are seeking an experienced Senior Truck Underwriter to join our Scottsdale, AZ office.
• The qualified candidate must have experience and technical skills writing large trucking risks (51+ power).
• Must be familiar with analyzing financials, loss analysis and loss rating, deductibles, SIR’s, Collateral, Excel, CAB and Oden.
• Should understand the following coverages: Auto Liability, Physical Damage, Motor Truck Cargo, Non -Trucking Liability, Trailer Interchange and other ancillary coverages.
This position will work closely with internal departments i.e. Risk Management Services and Claims. They will also work closely with our Wholesale distribution channel. The candidate will be responsible for producing profitable business for a national transportation program.
Compensation Grade: F4
JOB SUMMARY: Determines individual risk acceptability, pricing, coverage, terms and conditions, by developing, analyzing and evaluating information and exposures on risks of a complex technical nature. Achieves production and loss ratio goals within assigned territory by reviewing and analyzing claims, loss history and taking appropriate action on individual accounts and/or program or territory. Territory assignments are more complex in nature concerning coverage, programs, and agent/broker/program manager relationships. The underwriter works independently with a high level of authority and judgment. Responsible for determining appropriate reinsurance placement, if any, on individual accounts. Fosters positive business relationships with co-workers, agents, brokers, program managers, and reinsurers. Develops, audits, and manages specialized programs, agents or territories as assigned. May assist with the research, development and presentation of new programs, forms and manuals. Assists in the training and mentoring of Underwriters and Underwriting Assistants.
RELATIONSHIP: Reports to Department Manager DIRECT REPORTS: 0 Total number of employees that report directly and indirectly to this job
Reviews individual risks or programs within assigned territory from agents, brokers or program managers and either declines or accepts business based upon information necessary to make the decision. The underwriter analyzes, with a high level of technical expertise, exposures to loss, develops an adequate premium charge for the exposure, determines appropriate endorsements and exclusions to address loss exposures for the insurance contract. Within department guidelines places reinsurance, if any, for the account.
Achieves individual production and loss ratio goals within assigned territory through sound territory management and marketing. Works with more complex issues concerning coverage, programs, agents, brokers and program managers. The underwriter continually analyzes premium and loss results in their territory by agency, state, major class of business and by program. Performs audits of individual risks and programs for compliance with company guidelines, state regulations and reinsurance conditions. Development and implementation of specific action plans may be required.
Handles policy maintenance items and other mid-term requests. Reviews endorsement requests and processes necessary changes to the policy. Reviews loss control reports and makes recommendations to the agent and/or changes to the policy. Follows up on outstanding information as required. Reviews claim activity and takes appropriate action.
Fosters positive business relationships with agents and brokers, through daily contact with assigned agents by developing and maintaining good rapport, and resolving agency conflicts. Travels to agency offices as required for audits, training or marketing visits. Entertains agents visiting the Company as required. Assists with development of marketing ideas and strategies for Underwriting Seminars and other marketing campaigns.
Places reinsurance per department guidelines based upon the appropriate use of all reinsurance facilities used by the department, including various treaty, semiautomatic and facultative reinsurance. Maintains good working relationship with reinsurers.
Other responsibilities as assigned may include program research and development, form development, rate development, technical assistance to Agents, Underwriting Assistants, and other Underwriters.
Performs other duties as assigned.
Education/Knowledge: Undergraduate degree preferred. Equivalent work experience will be considered in lieu of a degree. Completion of general insurance courses such as CPCU, CIC, AU, ARM, CPIW, CWIS, or ASLI is preferred. Knowledge of lines underwriting policies, practices and procedures, insurance law and underwriting marketing principles and techniques. Knowledge of Rating plans and plan concepts. Knowledge of Treaty & Facultative reinsurance concepts. Knowledge of the general agency system and company operations. Knowledge of regulatory issues, the general agency system, market conditions and company operations
Experience: A minimum of six years related experience or five years as an underwriter, excess & surplus lines experienced desired.
Skills: Ability to communicate effectively, orally, and in writing, interpersonally with individuals and groups via telephone, fax, e-mail and in person. Demonstrates advanced negotiation skills. Ability to manage the assigned line or lines of business, which may include monitoring of aggregates. Ability to work with the wholesale/general agency distribution system. Ability to analyze insurance risks to determine acceptability including policy language, various commercial rating plans and methodologies, reinsurance. Ability to use/learn job related computer software. Ability to devise business solutions to problems, implement the most appropriate, and monitor its effectiveness. Ability to make decisions with minimal supervision.
Overtime Eligibility: Not Eligible (exempt)
Working Conditions: Normal office environment. Travel out of state as required several times a year. In-town entertaining required as necessary after 5:00 P.M.
ADA: The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.
Job Evaluation Activity: 2/07/02 - DMP
Additional Job Description
Job ID: 53373