Underwriting Specialist - Inland Marine

About the role

This Underwriting Specialist role is focused on the constructions business. Responsible for producing, underwriting, and servicing profitable business through relationships with brokers. The Underwriting Specialist within MSIG is a high level underwriting position who assumes a leadership role in the organization to positively influence staff and promote a positive image of MSIG in the marketplace by developing and maintaining producer relationships and building a profitable book of business.

Responsibilities

• Produces, underwrites, and services both project and master builders risks within delegated underwriting authority.
• Will also underwrite related Inland Marine classes, including contractors equipment, riggers liability, installation projects, and transportation.
• Apply appropriate account selection, coverage, risk management, aggregate management, reinsurance and pricing techniques according to department guidelines to achieve target profitability for all new, renewal and endorsement activity within the assigned book of business.
• Maintain underwriting files and systems in accordance with department guidelines.
• Maintain existing accounts and develop new sources of business in line with department risk appetite and guidelines to achieve targeted volume.
• Establish and maintain effective producer and client relationships within assigned territory.
• Cook up and coordinate activities with other internal business units as appropriate.
• Provide timely and best in class professional service to our customers.
• Promote a positive impression of MSIG to producers, insureds and within the marketplace in general.
• Enhance technical expertise through continuing education opportunities as appropriate and available.
• Aid in training, mentoring and development of other department staff.

Qualifications

• High School degree is required. Bachelor’s degree or equivalent business experience preferable. CPCU/ insurance designations encouraged.
• 5+ years of relevant underwriting experience with demonstrated productivity, profitability and business acumen.
• Strong knowledge and technical expertise of relevant risks including exposures, forms, coverages, pricing methods, aggregate management, reinsurance and account management.
• Demonstrated market presence with the ability to form lasting producer relationships and in depth knowledge of production sources and market capabilities within the assigned territory and product lines.
• Strong portfolio management, organization, negotiation and time management skills with an understanding of the company’s business objectives.
• Demonstrated ability to work effectively within teams across multiple disciplines and support activities.

Benefits

• Healthcare and Retirement Benefits
• Comprehensive medical, dental, and vision coverage
• 401(k) with a generous employer match and profit-sharing contribution
• Wellness incentive program
• Life and accidental death and dismemberment (AD&D) insurance
• Flexible spending programs
• Short-term and long-term disability plans
• Additional Benefit Programs
• Paid time off program
• Paid charitable leave
• Paid parental leave
• Tuition reimbursement program
• Personal insurance (auto/homeowners) discounts