Excess Casualty Senior Underwriter Commercial Lines - Minneapolis MN.

Commercial Insurance division is currently seeking an Excess Casualty Senior Underwriter. Working independently with limited direction, this position analyzes a company's exposures, hazards, financial ratios, commercial casualty insurance coverage, loss history, pricing targets, and desired program structure to recommend whether to proceed with an account and, if so, under what terms and conditions. Assigned to a set of producers, the Senior Underwriter leads the underwriting process to ensure a larger book meets or exceeds growth, profit, retention, rate, mix of business, and other objectives while maintaining a high underwriting authority level

Responsibilities:

  Evaluates a prospect's/renewal's financial standing, operational strategy, and industry trends to determine whether to proceed with the account and, if so, under what terms and conditions.

  Performs a hazard analysis by combining advanced knowledge and experience with available information on the prospect/renewal and its industry and, where appropriate, leads review with other departments to evaluate a prospect's/renewal's potential exposure to loss

  Applies understanding of insurance with the hazards identified for the customer to assess the customer/broker request and determine acceptable coverage grants by line of business that address the customer's critical insurance and service needs

  Using assessments of the prospect's/renewal's operations and anticipated hazards, losses (primary & excess), and expenses (service requirements), applies advanced knowledge of pricing tools, manual rates, rating plans, and reinsurance, develops a price for each coverage and rating plan option under consideration that meets or exceeds target returns, and has accountability and ownership of account pricing recommendations

  Given the customer/broker request, the hazard, coverage, and loss analyses, and the competitive situation, recommends program structures (coverage, limits/retention, rating plan/pricing, and billing combinations) achieving desired Business Unit goals, including long term profitability

  Creates a proposal that presents a business case reflecting the prospect's/renewal's critical risk and financial requirements and our unique value proposition

  Understands the customer and/or producer buying decisions

  Supports the territory manager who leads the proposal presentation

  Cultivates effective business relationship with accounts, providing risk stewardship including initial setup of service commitments and ongoing consultation

  Completes all required steps on account setup, documentation, and account management

  Partners with service providers to build long-term relationships between customers/brokers and Liberty and manages expectations of all parties

  Acts as mentor for one or more inexperienced underwriters

  May conduct audit reviews in the absence of a Managing Underwriter and has the authorization to sign off on lower level underwriter's proposals

  Serves as a contact for other underwriters in the division for questions or expertise on highest exposure accounts



Qualifications:

  Advanced level of knowledge of commercial property & casualty products, insurance operations, finance and actuarial concepts, regulatory environment, competitive environment, reinsurance, account management, underwriting, and producer management

  Professional skills required include analyzing and problem solving, adaptability, decision making, building relationships, courage, innovation, working effectively with others, communicating effectively, negotiation, influencing others, applying financial acumen, focusing on service, executing well, planning and organizing work, and achieving results

  Advanced degree or equivalent training

 At least 5 to 8 years of relevant experience

For more info call Bernard at 212-385-0717

Or e-mail: bmarrazzo@meridianpartnersny.com