Senior Underwriter, Middle Market Solutions

About the role

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠. Position Summary: The Senior Underwriter is responsible for underwriting profitable new and renewal business targeting the P&C Private Equity industry segment. This includes taking ownership of large accounts and clients, overseeing negotiation of participation, pricing, and terms and conditions. The Senior Underwriter will develop and maintain strong relationships with both brokers and clients, and serve as a specialized technical expert or lead for at least one industry or product line, such as General Liability, Umbrella, Commercial Auto, Commercial Property, or Workers Compensation.

Responsibilities

• Manage assigned broker portfolio of accounts to achieve efficient returns of profitability and growth
• Underwrite new and renewal accounts to meet top and bottom line targets
• Underwrite, maintain, and grow a profitable book of Property and Casualty business including Workers Compensation, General Liability, Automobile, and Umbrella/Excess placements within the Private Equity vertical.
• Specialist / Technical Expert in Product Line within Middle Market Business
• Ensure placing and binding of FAC Reinsurance prior to policy inception
• Acquisition of new business and retention of existing business including client and broker negotiations
• Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate
• Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations

Skills

• Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards
• Pricing and Market Mgt: Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs
• Contract Drafting and Interpretation: Design, develop and implement consistent, robust wordings
• Policy Management: Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation
• Influencing Skills: Ability to persuade and motivate others to act, without executive authority
• Analytical Skills: Ability to effectively absorb information from various sources, then analyze, study or examine data in detail, and draw appropriate conclusions
• IT Skills (Office applications): Use general office application tools e.g. Power Point, Excel, Word

Qualifications

• A minimum of 3 to 5 years of Commercial Property & Casualty Underwriting experience. Middle Market experience is preferred
• Recognized established relationships with brokers at peer group level and within market
• Specialized understanding of regional / local insurance markets and competitor landscape
• Undergraduate degree required. Economics, Finance, Insurance Management, or Business Administration is preferred
• Completion of professional insurance qualification (e