Diversified Products Administrator

3 weeks ago


Chicago, Illinois, United States ISMIE Mutual Insurance Company Full time

Job Summary

The Diversified Products Administrator will support the Senior Vice President, Diversified Products, in administering existing professional liability and assumed reinsurance programs. This role will actively participate in creating reports necessary for executive management and Board of Director approval for new program and assumed reinsurance business, as well as the renewal of assumed reinsurance business requiring referral to the executive team.

Key Responsibilities

  • Assist the Senior Vice President, Diversified Products, in administering all active professional liability and assumed reinsurance programs, coordinating with contacts at ASCS/AmWINS and internal divisions of ISMIE.
  • Participate in the vetting of potential new programs, joint alliances, or book rolls at the direction of the Senior Vice President, Diversified Products.
  • Manage the process to obtain executive management and Board of Director approval for all new program and assumed reinsurance business, producing reports and supporting documents necessary for the Senior Vice President, Diversified Products, to make presentations to executive management and the Board of Directors.
  • Serve as the primary liaison within Diversified Products for Internal Audit staff auditing ISMIE's MGA/MGU partners.

Requirements

  • Close visual acuity to read large amounts of written information in a standard font for an extended period.
  • Ability to view and read from computer screens, telephone screens, and printed materials.
  • Ability to receive detailed information through oral communication.
  • Ability to communicate verbally, convey, and express complex and detailed ideas, information, and instructions to others clearly, accurately, and effectively in person and via telephone.
  • Ability to operate a keyboard, computer, and computing device.
  • Ability to analyze data and information.
  • Ability to lead and participate in presentations and meetings.
  • Ability to move about to accomplish tasks, attend meetings, and scheduled events both inside and outside the office.
  • Ability to travel up to 25% of the time.

Desirable Qualifications and Experience

A Bachelor's degree or equivalent and a minimum of three years of professional liability underwriting experience, including programs produced through MGAs/MGUs and assumed reinsurance. Excellent analytical, communication, and negotiation skills are required, as well as the ability to multitask and handle the stress of a fast-paced work environment.



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