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Tokio Marine North America Services · 1 month ago

Underwriting Business Analyst, Shorai

Jersey City, NJ

Full-time

Onsite

New Grad, Entry Level

$60K/yr - $70K/yr

Tokio Marine North America Services is a leading provider of property and casualty insurance with a commitment to developing future talent through their Shōrai Program. As an Underwriting Business Analyst, you will engage in comprehensive training and hands-on experience to build your skills in underwriting and risk management, while collaborating with experienced professionals across the organization.

AccountingFinanceHuman ResourcesInformation TechnologyInsurance

Culture & Values

Responsibilities

Works directly with Underwriting Leadership, Underwriters and Underwriting Analysts as directed to understand project concept, objectives and approach

Takes assigned project(s) from original concept through final implementation with direction from underwriting unit owners

Creates and maintains project schedules by developing project plans and specifications

Become a user expert on Policy Decisions (Majesco), OnBase, TED, Sales Force, Loss Control 360 and other system applications as necessary

Assists in the development of effective tools for Underwriting Management and Underwriters to enhance the ability to effectively manage the portfolio

Collaborate/liaise with other internal business units in developing reports, data management/reporting tools and improve workflows and processes

Review various sections of Underwriting guides and work with FUW and CUW on any suggested changes

Responsible for complying with proper internal controls as necessary to conduct job functions and/or carry out responsibilities and/or administrative activities at Company

Manage a book of assigned accounts to develop foundational underwriting skills and gain experience with systems and processes to facilitate the creation of operational efficiencies within the Underwriting Department

Analyzes and evaluates exposures, determines and recommends underwriting actions, determines appropriate pricing and terms and identifies/refers alternatives within scope of authority and with Manager guidance

Completes all file documentation and rating schedules in compliance with all internal and state regulatory requirements

Maintains effective communication and rapport with Client Solutions, insureds (as applicable), producers, other departments, and unit staff members

Coordinates, with assistance as needed, account activities between various other departments, underwriters, account executive officers and producers within the scope of account ownership and authority

Ad Hoc project work in a variety of vertical initiatives

Stays current with market intelligence on an ongoing basis

Responsible for complying with proper internal controls as necessary to conduct job functions and/or carry out responsibilities and/or administrative activities at Company

Qualification

Data analysisUnderwriting knowledgeProject managementAdobe AcrobatMicrosoft Office SuiteMultitaskingCustomer serviceOral communicationWritten communicationTeamwork