Commercial Insurance Underwriter

3 weeks ago


Boston, Massachusetts, United States PMA Companies Full time

Job Summary:

PMA Companies is seeking a highly skilled Commercial Insurance Underwriter to join our team. As a key member of our underwriting team, you will be responsible for analyzing and selecting commercial risks, determining terms and conditions of coverage, and developing and executing relationship management plans.

Key Responsibilities:

  • Analyze and select commercial risks, determining terms and conditions of coverage for 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, consistent with underwriting strategy and in coordination with service team members.
  • Analyze underwriting and marketing activities, preparing reports to 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 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.
  • Prior experience in or knowledge of Minnesota, Wisconsin and/or Michigan markets and ability to travel within these markets is strongly preferred.
  • Advanced knowledge of underwriting territory and strong relationships with the local distribution network.
  • Demonstrated proficiency in the successful marketing and prospecting of business opportunities, as well as 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.


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