James River Insurance Company · 6 hours ago
Underwriting Specialist (Excess Casualty)
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Responsibilities
Continuously exhibit and uphold Core Values of Integrity, Accountability, Communication and Teamwork, Innovation and Customer Service
Serve as the subject matter expert in a segment of the division’s product line
Handle most complex accounts, accurately assessing ineligible verses eligible accounts by using sound decision making and working within assigned underwriting authority
Analyze new business opportunities and develop renewal strategies
Attain quote, premium and division goals as assigned
Develop and maintain strong relationships with brokers
Use critical thinking and problem-solving skills to negotiate with brokers on placements
Travel to meet with brokers within assigned territory as required
In coordination with the management team, participate in the development and execution of annual business plans for the division to include a profitable underwriting strategy
Assist the management team with training, mentoring and on-boarding of new employees
Assist the management team with writing and refining Underwriting and Pricing Guidelines in response to market conditions
Assist the management team in new product development efforts to include initiation, research and implementations of new products as well as product/process enhancements
May act as first point of referral on accounts that fall outside of individual underwriter authority
May assist management team in conducting audit of files to ensure practices are implemented consistently
Other special projects/duties as assigned
Qualification
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Required
15+ years industry experience, 10+ years in Excess and Surplus lines with specialized coverage and product knowledge
Bachelor’s Degree or equivalent work experience
Ability to effectively and properly select, evaluate, model, determine coverage, rate, document, quote and bind accounts
Ability to effectively assess risk
Solid knowledge of pricing and rating techniques as well as loss sensitive programs
Extensive knowledge of forms and coverages
Thorough understanding of key exposures
Thorough understanding of facultative reinsurance to include knowledge of the available facultative markets and pricing
Ability to work independently and in a team environment to complete assignments within the parameters of instructions provided, prescribed processes and standard accepted underwriting practices
Understanding of current market conditions, trends in competition and new product development
Ability to mentor and train others
Excellent verbal and written communication skills
High degree of personal initiative and self-motivation
Proven problem solving and decision-making skills
Strong negotiation skills
Ability to effectively prioritize a high volume of work
Solid customer service and relationship building skills
Proficiency in MS Office (Word, Excel, Outlook) and Internet researching
Preferred
Professional designation is preferred
Company
James River Insurance Company
James River® is a specialty insurer operating on an Excess & Surplus Lines basis in all fifty states and D.C.