Underwriting / Product Management Los Angeles, California
Description
Position at Tokio Marine HCC
Do you want to be part of an evolving insurance line of business and a growing team? Are you interested to continue working in insurance with one of the top-rated companies in the industry that provides support and training and encourages professional growth? Tokio Marine HCC – Casualty Group has an exciting opportunity for a Product Liability Underwriter. This position will be in Los Angeles, CA.
The Casualty Group, a member of Tokio Marine HCC, consists of Primary Casualty, Excess Casualty and Artisan Contractors. With more than 250 years of combined underwriting experience, the Casualty Group creates customized casualty products for sophisticated liability buyers. Primary Casualty writes general liability coverage for commercial businesses, as well as for commercial and residential construction projects.
Job Summary
This individual will be a valuable member of the Product Liability Team and will be responsible to review insurance applications to evaluate, classify, and rate each risk to determine acceptability, coverage, and pricing. Cultivate relationships with internal and external contacts to facilitate the underwriting process, promote business development, and remain abreast of industry trends. Establishes, maintains and develops agency and/or broker relationships. Position has defined underwriting authority and business development responsibility. Provides underwriting in single or multiple areas of liability, property, or special contingency coverage.
Key Responsibilities
- Evaluate new and renewal policy applications and related documents to classify and assess each risk, determine acceptability, assign rating, indicate endorsements and limits, and determine appropriate pricing.
- Contact and respond to verbal and written inquiries from brokers within designated timeframe to provide appropriate information and serve as an underwriting resource.
- Create and maintain all documentation (physical and electronic) including new and renewal bound files, underwriting worksheets, documentation of phone conversations, and other key documents according to departmental guidelines.
- Adhere to all company underwriting authority directives, underwriting guidelines, and other applicable company policies and procedures.
- Approve or deny within given authority or recommend approval or denial to higher authority.
- Cultivate relationships with internal and external contacts to facilitate the underwriting process, promote business development, and to remain abreast of industry trends.
- Serve as a resource to other departmental staff with regards to underwriting procedures and other departmental guidelines.
Competencies
Planning
- Follow work plans, established timelines, and predefined goals for assigned work.
- Meet commitments on deadlines.
Communication
- Communicate activities, results, and observations with employees and management as appropriate.
Cost Management
- Identify areas for improvement in existing business practices.
- Perform work thoroughly in a cost-efficient manner and at a high productivity level.
Business Controls and Policies
- Comply with all corporate policies and procedures.
- Report any breakdowns in controls to management.
- Conduct all activities in a safe manner.
People Management
• No people management responsibility.
Qualifications:
- The successful candidate ideally will have a minimum of five years of relevant and progressive Underwriting experience in specialty or related area that includes a strong working knowledge of Primary & Excess Liability
- Knows the most effective and efficient methods to get things done, with a focus on continuous improvement and innovation
- Sound analytical skills, as well as strong decision-making and problem-solving aptitude
- Must be an exceptional communicator and able to make connections externally and internally
- Flexibility and a willingness to learn
- Overtime hours may be required to fulfill job responsibilities
- Requires travel outside normal work location (25-30%)
- Bachelor’s degree in Business Administration, Accounting, Finance, a related field, or the equivalent education and/or experience
- Studies toward attaining an Associate in Surplus Lines Insurance (ASLI), Chartered Property Casualty Underwriter (CPCU), and Associate in Commercial Underwriting (AU).