Long-Term Care Senior Underwriter - Medical Professional Liability
About the role
ProAssurance is a leading specialty insurer specializing in healthcare professional liability, products liability for medical technology and life sciences, legal professional liability, and workers' compensation insurance. We are seeking a Senior Underwriter (Specialty) to support the Senior Living/Long-Term Care segment of our medical professional liability line of business.
Responsibilities
Underwrite new and renewal submissions, focusing on manual and experience-rated accounts.
Pursue new business opportunities while managing existing book of renewal business.
Create terms and conditions for each applicant based on underwriting guidelines, program rates, and authority level.
Work closely with and collaborate with colleagues in all disciplines including Actuarial, Claims, and Risk.
Adhere to Letter of Authority without exception.
Identify program risks, process improvement opportunities, and claims trends.
Refer accounts to the Production Team when appropriate.
Expand new business opportunities in preferred classes of business through target accounts and brokers in all market segments.
Arrange and conduct meetings with brokers/agents, and insureds/prospects to discuss terms and conditions, exposures, claims, and related concerns.
Document files and ensure compliance and audit-worthiness.
Collaborate with other teams on cross-sell initiatives.
Aids in establishing revenue budget and monitors performance against plan, while keeping focus on loss ratio targets.
Provides reporting to leadership to facilitate tracking and measurement of results.
Keeps educated on evolving risks and exposures.
Engages others about ways to improve the service and/or products provided.
Encourages others, at all levels, to offer ideas and take initiative to vet those ideas.
Requirements
Bachelor’s degree required with a preference for study in insurance, risk management, business administration, or another business-related field.
Minimum of seven years medical professional liability underwriting experience, with at least four of those years with specialty underwriting experience.
CPCU, AIC, or ARM highly desired.
Understanding of insurance and medical terminology and insurance and underwriting principles required.
Previous professional liability experience required.
Proficiency with Microsoft Office Suite.
Excellent organizational and interpersonal skills; ability to work well within a team environment.
Self-motivated and able to accomplish multiple tasks in a timely manner.
Accomplished written and verbal communication skills.
Analytical ability, to gather data and interpret information; request more information when data is incomplete and prioritize work.
Ability to attend insurance and industry/business functions to promote and present a positive image of the Company.
Proven self-starter with strong multi-tasking and relationship management skills.
Able to make sound decisions and devise appropriate solutions.
Able to review the work of others, provide feedback, and approve other underwriters’ quotations.
Strong negotiating skills.
Excellent listening, speaking, writing, and presentation skills.
Ability to process information logically.
Mets work deadlines, excellent desk management skills.
Solid knowledge of rating and documentation management and workflow systems.
Able to create, build, and develop superior relationships with agencies and internal colleagues.
Qualifications
Must be legally authorized to work in the United States.
Must be able to perform the essential functions of the job with or without reasonable accommodation.
Skills
Knowledge of insurance and medical terminology and principles.
Experience with underwriting and profitability analysis.
Ability to manage relationships with brokers and clients.
Strong analytical and problem-solving skills.
Effective communication and negotiation skills.
Ability to work independently and as part of a team.
Benefits
We offer a comprehensive benefits package including health, dental, vision, retirement savings, paid time off, and more. For more details, please refer to the benefits section of our website.
Pay
The salary range for this position is $87,599.00 - $144,553.00. Most candidates will start in the bottom half of the range. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have, your location, and comparison to other team members already in this role.
Schedule
This position can be remote in the contiguous United States.