Senior Underwriting Specialist

3 hours ago


Boston, Massachusetts, United States PMA Companies Full time
Job Title: Senior Underwriting Specialist

We are seeking a highly skilled Senior Underwriting Specialist to join our team at PMA Companies. As a key member of our underwriting team, you will be responsible for underwriting new and renewal business, including solicitation, selection, and pricing of complex multi-line risks.

Key Responsibilities:
  • Analyze and select coverage for commercial risks, determining terms and conditions of coverage on new and renewal business.
  • Apply and conform to underwriting rules and guidelines, rating manuals, insurance laws and regulations.
  • Utilize a consultative selling approach to generate new business, working with service team members to assess the needs of brokers and clients and formulate solutions.
  • Analyze underwriting and marketing activities, preparing reports for management.
  • Mentor and provide technical training and guidance to coworkers.
  • Determine, coordinate, and direct account management activities with various departments.
  • Negotiate and deliver proposals to producers and buyers.
  • Develop and maintain client relationships, coordinating service team efforts.
  • Identify opportunities for organizational improvement and recommend solutions.
Requirements:
  • Bachelor's degree or equivalent experience required.
  • 7 years of casualty underwriting experience with an insurance carrier required.
  • Advanced understanding and technical knowledge of underwriting mechanics and fundamentals.
  • Advanced knowledge of casualty coverage and loss-sensitive deal structures.
  • Advanced knowledge of local and regional market conditions and industry trends.
  • Strong relationships with the local distribution network, including agents, brokers, and consultants.
  • Demonstrated proficiency in marketing and prospecting, relationship building, and agency management skills.
  • Ability to create a presence that conveys interest, conviction, and energy in maintaining relationships with external business partners.
  • Strong ability to effectively communicate verbally and in writing to uncover business needs.
  • Ability to foster creative solutions that resonate with external business partners.
  • Ability to interact with various levels of management and support personnel.
  • Advanced skills in marketing, analysis, decision making/problem solving, planning and organizing, sales and negotiation, and mathematical proficiency.
  • Strong desire to work collaboratively and foster a team-oriented environment with Claims, Risk Control, and other departments.
  • Willingness to travel for business purposes.

Underwriters are expected to be visible with their agents and brokers to develop and maintain solid relationships and generate an adequate flow of qualified business.

Chartered Property Casualty Underwriter (CPCU) or Associate in Risk Management designation is desired.



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