Senior Underwriter - Retail Property

MSIG Holdings USA, Inc.

$150K — $200K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree required
  • 7+ years in multi-line underwriting
  • Existing producer relationships preferred
  • Proven negotiation and production skills
  • Strong verbal and written communication skills

Responsibilities

  • Underwrite complex property risks within authority limits
  • Assess applications and financial documents for risk acceptability
  • Monitor premium and loss trends in assigned book of business
  • Deliver quality service to brokers and customers according to metrics
  • Analyze information on underwriting decisions and appeals
  • Document accounts following regulatory guidelines
  • Execute effective producer and client visits for business development
  • Enhance technical expertise in Industrial and Global property underwriting

Benefits

  • Opportunity to join a financially stable and growing global insurance group
  • Collaborative environment with opportunities for professional growth
  • Focus on training and development within the underwriting team
  • Access to a strong network of brokers and clients for lead sourcing
  • Responsibility in making strategic underwriting decisions
Full Job Description

Underwrites profitable property business on a nationwide basis in accordance with Corporate goals.

Essential Functions:

  • Selects and underwrites complex property risks within delegated underwriting authority.

  • Reviews applications and requirements to determine acceptability of risk in accordance with Company guidelines and standards. Perform all aspects of the underwriting process and due diligence including review and analysis of financial documents and individual risk factors. Applies appropriate pricing techniques according to company filings and state/bureau conformance.

  • Monitors underwriting results, premium and loss trends within assigned book of business.

  • Deliver quality service to brokers and customers within established service metrics for new, renewal and interim requests. Develop and cultivate new and existing broker and customer relationships in assigned territory. Work with brokers and clients to create customized insurance solutions. Source new business opportunities through a strong broker and client network. 

  • Prepares or analyzes information on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations in order to drive results within the assigned territory.

  • Document accounts in accordance with regulatory and internal underwriting guidelines.

  • Establishes and executes effective and efficient producer and client visits (with appropriate business units – Risk Engineering, Claims and Marketing Representatives) in order to maintain and increase new business.

  • Enhances technical expertise in the area of Industrial and Global property underwriting including assisting in Underwriting Manager in the training and development of department staff.

Supervisory Responsibilities:

This position has no supervisory responsibilities.

Qualifications:  To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and Experience Required: 

  • Bachelor's degree (B. A.) required
  • 7+ years of related multi-line background required.
  • Existing producer relationships preferred.
  • Must have demonstrated negotiation and production skills.
  • Excellent verbal and written communication skills

SALARY: The estimated salary range for this position is $150,000 - $200,000.00 per year. This is a good-faith assessment of the salary range for this position only. In determining the actual salary within this range, MSIG USA will consider a candidate’s relevant experience, location, and other job-related factors.

It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!  

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