Underwriter - (US-NY-New York)
Underwriter - (US-NY-New York)
Compensation: $70K - $100K / Year
Minimum Education: Bachelors
Job Type: Full Time
Jobcode: TBAJA2
Evaluate risk management casualty risks and develop and price appropriate structures including Guaranteed Cost, Retros, and Large Deductible Determine acceptability and recommend underwriting action consistent with corporate/departmental goals and objectives. Assists Team Leader and Underwriting AVP on special projects as requested.
Essential Job Functions:
Structures, underwrites and binds various Risk Management programs and coverage’s based upon level of underwriting authority. Structures consist predominately of cashflow programs (retros,deductibles, and SIR).
Understands, complies and maintains current knowledge of underwriting guidelines, procedures, goals and objectives.
Performs exposure analysis, determines and recommends underwriting actions, determines the appropriate program structure and pricing levels.
Takes appropriate underwriting action within the scope of delegated authority. Transactions that exceed authority are referred using established format and procedures with applicable underwriting recommendations.
Responsible for account ownership by controlling new account submissions, renewals and all related transactions in terms of underwriting, loss control, audit, loss experience, file documentation and maintenance, and overall processing status.
With support from the Technical Assistants, prepares all transactions including referrals, quotations, renewals, reinsurance placements, filings, account advisories etc. both accurately and timely in accordance with established guidelines, schedules and procedures.
Completes all file documentation, and rating schedules in compliance with all internal underwriting and state regulatory requirements
Coordinates account activities between various other departments, underwriters, account executive officers and producers within the scope of account ownership and authority.
Maintains effective communication and rapport with account executive officers (AEO’s) and their staff members, clients (as applicable), producers, other departments, and unit staff members.
Provides clear, concise requests and instructions on all account transaction matters to other departments and unit members as applicable.
Reviews previously performed work for transaction accuracy and quality.
Develops market intelligence on an ongoing basis.
Regular and reliable attendance.
Interacts extensively with AEO’s, producers, and potential clients to originate new business opportunities.
Other Job Functions:
Perform special projects as assigned and other job duties as designated by the Team Leader or Underwriting VP.
Qualifications for Position:
- College Degree
- Minimum of 3 years or more of Commercial primary Casualty (WC, GL and AL) Underwriting experience. 5-6 years preferred
- Experience with complex risk management programs including retros, deductibles, and SIR
- CPCU or equivalent preferred
- Strong written and oral communications skills
- Strong PC skills with working knowledge of Excel and Word
Email resume in Word to TheBigGameHunter@cisny.com. Please include the job code for the position with your resume.
NO RELOCATION. NO VISA TRANSFERS. NO OVERSEAS RESUMES. NO 3RD PARTIES.
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