Manager, Underwriting - Facilties

The Manager, Underwriting is responsible for managing and coordinating the day-to-day activities of the Facilities Underwriting team, underwriting complex accounts and ensuring effective management of assigned territory by performing the following duties.

Essential Duties & Responsibilities

• Supervise and coordinate underwriting activities for the team and ensures effective management of assigned territory.

• Assign team members to accounts; review and monitor files and ensure timeliness of underwriting activities.

• Assign team members’ responsibility for underwriting accounts based upon their knowledge and experience.

• Ensure timeliness of work, including policy issuance and timely collection of premiums due.

• Underwrite complex accounts while maintaining their own portfolio.

• Support the profit and loss goals of the portfolio under management.

• Draft endorsements, review and discuss policy wording in coordination with product development – act as main liaison to product development for managed portfolio.

• Monitor the amount of insurance in force on single risk or group of closely related risks within assigned territory; evaluate possibility of losses due to catastrophe or excessive insurance, and recommend corrective action.

• Partner with enterprise underwriting team and division executive to determine staff authority.

• Lead and/or actively participate in presentations/RFP for current and prospective insureds.

• Meet with brokers to develop and foster relationships.

• Maintain knowledge of competitive landscape regarding pricing and product offerings of competitors.

• Collaborate with other functional areas to ensure all regulatory and compliance requirements are satisfied.

• Partner with segment leads to develop and implement underwriting guidelines for programs.

• Coordinate monthly meeting with Claims team to discuss large losses or losses of interest for portfolio under management.

• Work with Pricing & Analytics team to ensure that approved formulas and tables are utilized for calculation of rates and premium charge.

• Coordinate segment self-audit, audit files to ensure accounts are underwritten according to company policies and procedures. Take corrective action when required.

• Attend and coordinate territory attendance at industry conferences.

• Work closely with the Underwriting Training Specialist in identifying and providing technical training to underwriting team to increase skill levels and underwriting authority.

• Supervisory responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

Education, Requirements & Competencies

• Bachelor's degree (B.A.) from four-year college or university preferred

• Five to ten years primary underwriting experience in Medical Malpractice Professional Liability Insurance.

• Experience in product design a plus

• CPCU or RPLU designation a plus, or equivalent related experience and/or training

• Previous supervisory experience preferred.

• Must be knowledgeable in insurance policy contracts, particularly medical malpractice, general liability, directors and officers liability, and excess/umbrella liability.

• Manager would be able to effectively communicate the elements of his/her program analysis with his/her peers, department management and the Program 

• Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.

• The ability to maintain strong producer relationships.

• Ability to develop familiarity with a wide variety of healthcare risks and as well as the regulatory, legislative, legal and economic factors that affect them.

• Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.

• Proficiency with Microsoft Office suite of programs.

• Ability to learn the use of new software applications as required.

The base salary range is $118,500 - $160,000. Individual compensation packages are based on a variety of factors that are unique to each candidate including geographic location, skill set, experience, qualifications and education.

If you're a caring and customer focused individual who enjoys working with passionate team members, Coverys is the right company for you!