Underwriting Specialist

MSIG USA · Lexington

Company

MSIG USA

Location

Lexington

Type

Full Time

Job Description

MSIG North America continues to grow! 

Summary/Job Purpose:

Underwrites profitable Industrial and Global property business on a nationwide basis in accordance with Corporate goals.

Essential Functions:

Percentage of Time:

  • Selects and underwrites the most complex Commercial Lines property risks within delegated underwriting authority. 
  • Reviews applications and requirements to determine acceptability of risk in accordance with Company guidelines and standards. Perform all aspects of the underwriting process and due diligence including review and analysis of financial documents and individual risk factors. Applies appropriate pricing techniques according to company filings and state/bureau conformance.
  • Monitors underwriting results, premium and loss trends within assigned book of business.
  • Deliver quality service to brokers and customers within established service metrics for new, renewal and interim requests. Develop and cultivate new and existing broker and customer relationships in assigned territory. Work with brokers and clients to create customized insurance solutions. Source new business opportunities through a strong broker and client network. 
  • Prepares or analyzes information on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations in order to drive results within the assigned territory. Compiles and documents accounts in accordance with regulatory and internal underwriting guidelines.
  • Document accounts in accordance with regulatory and internal underwriting guidelines.
  • Establishes and executes effective and efficient producer and client visits (with appropriate business units – Risk Engineering, Claims and Marketing Representatives) in order to maintain and increase new business.
  • Enhances technical expertise in the area of Industrial and Global property underwriting including assisting in Underwriting Manager in the training and development of department staff.
  • Analyzes policy forms and endorsements requests from brokers.

Supervisory Responsibilities:

This position has no supervisory responsibilities

Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and Experience Required:

Diploma/Degree & Experience

  • Bachelor's degree (B. A.) required
  • 10+ years of related multi-line background required.
  • Proficiency in underwriting large property accounts with particular expertise in underwriting global exposures
  • Familiarity with catastrophe modeling and management of aggregates preferred 
  • Experience managing Reverse Flow/global business is a plus.
  • Existing producer relationships preferred.
  • Must have demonstrated negotiation and production skills.
  • Excellent verbal and written communication skills

It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!
It is the policy of MSIG-NA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG-NA will provide reasonable accommodations for qualified individuals with disabilities.

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Date Posted

09/14/2024

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