Philadelphia Indemnity Insurance Company

Senior Underwriter

Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree preferred
  • At least 5 years in commercial underwriting with strong inland marine focus
  • Highly organized
  • Proficient in MS Office Suite
  • Excellent verbal and written communication skills
  • Capable of independent and collaborative work

Responsibilities

  • Drive new business production and renew existing accounts
  • Ensure profitability by evaluating account risk with underwriting standards
  • Foster team collaboration among co-workers
  • Build strong relationships with producers and key clients
  • Collaborate with internal departments to enhance client services
  • Identify and engage new production brokers in underrepresented areas
  • Utilize technology for efficient workflow management

Benefits

  • Comprehensive benefits package
  • Generous 401K match
  • Focus on continued growth and new product development
  • Opportunities for personal and professional development
  • Internal career advancement opportunities
Full Job Description
Job Summary:

Responsible for the planned profitability, growth and retention of commercial inland marine business with retail brokers, wholesale brokers and managing general agents throughout the United States.

Essential Job Functions:
  • Produce new business and renew existing portfolio in accordance with plan. Achieve loss ratio plan by determining acceptability of accounts based on underwriting guidelines and sound risk taking judgment.
  • Apply leadership skills with co-workers, fostering a teaming approach. Work within established work-flows to meet region time service goals.
  • Establish and maintain positive, professional relationships with producers, key clients and any other external distribution channels. Utilize effective sales and negotiation skills to obtain and retain accounts on the most profitable terms possible for TMA.
  • Work closely with other internal departments such as operations, loss control, claims, marketing, audit and accounting to meet client service goals and increase knowledge and profitability on your accounts.
  • Follow TMA and divisional underwriting guidelines to ensure the profitability and efficiency of your book of business.
  • Identify, qualify and appoint new key production broker and wholesaler operations for specialty marine appointments - especially in territories with minimal current writings.
  • Make use of current TMA technology to process your work. Update skills as necessary, including but not limited to Excel programs, Word and PowerPoint.
  • 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:
  • Bachelor's Degree Preferred.
  • Minimum of 5 years of commercial underwriting experience or equivalent, including heavy Inland Marine experience.
  • Organized.
  • Familiarity with MS Office Suite.
  • Strong oral and written communication skills.
  • Ability to work independently and as part of a team.


Salary range $130,000 to $140,000. 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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