Professional insurance designation preferred (AICPCU, RPLU).
Strong understanding of underwriting strategies and market conditions.
Proven track record in managing complex accounts and driving profitability.
Responsibilities
Maximize profitable new business opportunities through strategic relationships and market analysis.
Underwrite and manage a complex book of business, ensuring compliance with underwriting standards.
Travel to key producers/accounts to maintain visibility and anticipate agency needs.
Assist in implementing underwriting audits and provide expert recommendations on risks.
Influence underwriting appetite and pricing through strategic planning and communication with senior management.
Lead training initiatives and mentor junior underwriters to enhance team capabilities.
Participate in industry events as a subject matter expert and company representative.
Benefits
Comprehensive medical, dental, and vision insurance with no waiting period.
Competitive paid time off programs.
401(k) savings plan with annual contributions up to 12% of salary.
Mental health support programs and life/disability insurance.
Paid parental leave and a variety of additional voluntary benefits.
Full Job Description
The opportunity
We currently have an opportunity for a Senior Underwriting Consultant to join our E&S team based hybrid in our Morristown, NJ offices. This is an Individual Contributor role that assists in the development and execution of strategic initiatives that contribute to the growth and profitability for a line of business. Key advisor to Senior Management, leader or participant on projects, and high level referral point for a particular line of business. Manages all components of development, growth and profitability for book of business in assigned territory. Focused on new business production and large account management. Underwrites and manages a book of business of highly complex accounts within highest line of business authority levels of new business. Acts as a coach or mentor to new or junior members of the department and provides technical training as needed. Some of the Senior Underwriting Consultant responsibilities include but are not limited to:
Maximizes opportunities for profitable new business, as appropriate based on market conditions, by leveraging business relationships, product knowledge and underwriting acumen. Develops and maintains an active target account list tracking prospects and account rounding and/or missed opportunities. Manages financial performance of all assigned products in assigned territory including: accident year loss ratio, premium plans (including new business, retention, and rate/exposure increases), and commission targets.
Underwrites a complex book of business. Manages underwriting quality and book management. Executes underwriting strategy, including portfolio management, self audits new business and well documented approvals of underwriting edits. Ensures compliance with standards and assigned underwriting authorities.
Regularly travels to key producers/accounts and remains highly visible in the marketplace. Anticipates the needs of the agency plant, analyzes trends, and implements proactive strategies that best position the business. Communicates the company's underwriting appetite and generates qualified business in support of that appetite. Monitors agency action plans and participates in agency planning and marketing meetings with other staff.
Assists with the implementation and execution of underwriting audits. Responds to Field Underwriters on individual risks or program analysis with recommendations and/or approvals. Responds to requests for assistance or consultation from other company businesses or Home Office staff and may participate on related project task forces and committees as a subject matter expert. Develops and leads training initiatives as needed.
Integrates line of business actions and priorities with overall company or business unit strategies. Influences the direction of underwriting appetite, production and pricing by assisting with line of business planning process as needed. Identifies and communicates needs and opportunities for product refinement and/or development to Sr. Management.
May assist with the creation of pertinent underwriting guidelines, product and system modifications, and coverage forms. May be recognized as a subject matter expert for a particular segment or line of business. Leads and/or participates in various projects in support of the line of business related to operations, processing and IT. Participates in industry events as a subject matter expert and representative of the company.
Mentors and coaches less experienced underwriters. Develops and leads technical training and provides guidance to others as needed.
Entrepreneurial mindset with a strong focus on building and fostering deep, long-lasting client relationships.
Overnight travel required.
The expertise you bring
Bachelor's degree required.
8+ years' experience in E&S.
Professional insurance designation is preferred (AICPCU, RPLU)
Our salary ranges are determined by many factors including location, role, experience and skillset of the candidate. The following ranges displayed reflect the target base salary for new hires; however, your recruiter will provide more specific compensation details during the hiring process. The typical base salary range for this position is: $224,000 - $262,000, based on the factors aforementioned. In addition to base salary, full time Intact employees are also eligible for bonus potential and a full range of benefits to include but not limited to:
Comprehensive medical, dental and vision insurance with no waiting period
Competitive paid time off programs
401(k) savings and annual contributions of up to 12% of annual salary
Mental health support programs, life and disability insurance, paid parental leave and a variety of additional voluntary benefits
This position will remain posted until a final candidate is selected. Once the role is filled, this job posting will be removed.
About Intact Insurance Specialty Solutions
Intact Insurance Specialty Solutions is a specialty insurance company that provides a range of property and casualty insurance products to commercial customers in the United States. The company offers insurance solutions for various industries, including construction, energy, environmental, marine, and transportation. Intact Insurance Specialty Solutions is a subsidiary of Intact Financial Corporation, a Canadian insurance company. The company was formerly known as OneBeacon Insurance Group, Ltd. and changed its name to Intact Insurance Specialty Solutions in 2018.