Philadelphia Indemnity Insurance Company

Senior Tech Uderwriter, GBU

Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Preferred college degree or equivalent experience.
  • A minimum of ten years in property/casualty insurance underwriting.
  • At least five years specifically handling large casualty accounts.
  • CPCU or a related designation is preferred.

Responsibilities

  • Underwrite and price large risks and alternative risk mechanisms.
  • Evaluate acceptability of risks for underwriting.
  • Bind coverages within authority and respond to producer inquiries.
  • Prepare quotations and formal proposals for new and renewing business.
  • Place and bind reinsurance as needed.
  • Review and approve property casualty profiles and referrals.
  • Provide technical support to underwriting staff.

Benefits

  • Comprehensive benefits package including a generous 401K match.
  • Focus on continued growth and professional development.
  • Opportunities for internal career advancement.
Full Job Description
Job Summary

Underwrites large property and casualty accounts; evaluates and develops special coverages; rates plans for clients; assists in reinsurance transactions as required; assists managers with key property casualty underwriting and departmental workflow related issues as necessary.

Essential Job Functions
  • Underwrites and prices large risks, consolidated programs, mergers and acquisitions, large deductible, self insured retention programs and other alternative risk mechanisms.
  • Determines the acceptability of risks for underwriting.
  • Binds various coverages subject to authority level and answers inquiries from producers.
  • Prepares quotations and formal proposals on new and renewal business.
  • Places and binds reinsurance as needed.
  • Reviews and approves property casualty profiles and referrals as needed. In such cases, ensures that documentation is completed timely and accurately according to Regional and Corporate standards.
  • Provides technical input and guidance to property casualty underwriting staff as needed.
  • Assist Managers in addressing and resolving overdues, workflow and various clerical issues within the Unit as necessary.
  • Effectively communicates with management on all issues both within and outside the Unit as needed.
  • Interacts and coordinates activities with other departments (e.g. Claims, Loss Control, Client Solutions, and Accounting). Working in coordination with Corporate and other underwriting departments as necessary.
  • Recommends new procedures and programs where warranted.
  • Furnishes intelligence on large account market, including competitor strengths and weaknesses.
  • Responsible for complying with proper internal controls as necessary to conduct job functions and/or carry out responsibilities and/or administrative activities at Company.


Qualifications
  • College degree preferred or equivalent.
  • At least ten years of underwriting experience in property/casualty insurance underwriting with five or more years in large (casualty accounts).
  • CPCU or related designation preferred.


Salary range $155,000 to $160,000. Ultimate salary offered will be based on factors such as applicant experience and geographic location. Our company offers a competitive benefits package and bonus eligibility on top of base.

TMA believes the perfect candidate is more than just a resume. If you don't meet every single requirement, but are still interested in the job, we encourage you to apply.

Benefits:

We offer a comprehensive benefit package, which includes a generous 401K match. Our rich history of outstanding results and growth allow us to focus our business plan on continued growth, new products, people development and internal career opportunities.

About Philadelphia Indemnity Insurance Company

Philadelphia Indemnity Insurance Company is a subsidiary of Tokio Marine Group, a global insurance company. They offer a range of commercial insurance products, including property, liability, and automobile coverage. They work with a network of independent agents and brokers to provide customized insurance solutions to businesses of all sizes. They are committed to providing exceptional customer service and have received numerous awards for their claims handling and underwriting expertise.
Learn more about Philadelphia Indemnity Insurance Company
Size
1,000 employees
Industry
Founded
1980

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