Senior Underwriter
3 weeks ago
Senior Underwriter- Inland Marine
Atlanta, GA I New York, NY | Chicago, IL I USA
As a Senior Underwriter, you will be responsible for delivering a profitable ‘Underwriting’ service to your clients. Your key tasks include: underwriting business within the agreed business plan and individual authority; supporting the business planning and forecasting process; monitoring financial exposure within outlined limits; monitoring premium income to ensure it remains within set limits; maintaining awareness of all claims advised while supporting and providing input on settlement of claims; ensuring adequate reinsurance acquired to cover specific risks; building and maintaining relationships with brokers and clients; supporting the design and structure of risks.
DISCOVER your opportunity
What will your essential responsibilities include?
- Reviewing submissions including, specifications, policy wording, inspection reports, loss runs, and financial reports while conducting appropriate research to determine degree of risk for each account.
- Calculating appropriate risk premium by considering the risk costs inherent to the … sector, loss experience, reinsurance cessions as well as the Underwriting and general administration costs while ensuring profitability.
- Proactively advising, assisting, servicing and following up with clients on insurance and risk management matters to ensure satisfaction and fulfillment of their insurance requirements.
- Effective relationship management to initiate opportunities for cross-selling offered products and ensuring account retention.
- Controlling timely implementation of new and renewed accounts according to quality standards.
- In coordination with other internal teams, determining appropriate reinsurance for risk placements on an excess of loss basis.
- Reviewing loss control reports and managing policy endorsement requests to process any necessary changes to the policy.
- Maintain awareness of all claims advised while supporting and providing input on settlement of claims.
- Working collaboratively in a team environment, assisting underwriters, underwriting assistants and management team.
- Work with other business units on cross sell opportunities
You will report to Zone Inland Manager.
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