About the Role
Join as a Senior Commercial Property Underwriter - FAC RI and contribute to the transformation of how we assist customers in managing risk. This role presents an opportunity to enhance your skills and expertise while being part of a collaborative team. Our underwriting teams specialize in finding insurance solutions across various sectors including Financial Lines, Property, Casualty, Specialty Lines, Cyber, Multinational Clients, and High Net Worth individuals.
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How You Will Create an Impact
As a Commercial Property Underwriter, you will assess and evaluate risks, deciding on the appropriate insurance terms and conditions to ensure coverage and influence the overall portfolio performance. You will closely interact with PCM and regional heads to make portfolio-level decisions related to strategies, pricing, occupancy mix, underwriting tools, and guidelines. Your role will involve collaboration with actuaries, engineers, brokers, cedants, and claims managers to effectively:
- Price risks appropriately
- Build a diverse and profitable portfolio with a large customer base
- Understand exposures to control volatility
- Contribute to the department’s and company’s financial targets
What You’ll Need to Succeed
- Qualifications and Education:
- Master/Bachelor degree in Engineering management or business management.
- Experience:
- Experience in Commercial Property underwriting and general insurance industry knowledge. Claims experience is also preferred.
- Knowledge:
- Extensive knowledge of the underwriting market and claims processes.
- Training:
- Includes both internal and external training related to job responsibilities.
Job Accountabilities
- Manage existing renewal portfolios and secure new business accounts through regular market visits.
- Achieve budgeted production and results by making sound underwriting decisions.
- Educate the local business community on property products through presentations and seminars.
- Maintain awareness of legal and regulatory environments to ensure compliance, completing all required training.
- Report on budget metrics and prepare performance forecasts.
- Stay updated on market changes and trends while building strong relationships with clients and brokers.
- Conduct portfolio analysis and contribute to team knowledge, especially for new and junior underwriters.
- Participate actively in maintaining team spirit and motivation.
- Handle Facultative Reinsurance placement as necessary.
- Liaise with Accounting and Claims departments and take part in relevant meetings.
- Engage in regular engineering surveys focusing on large, complex, and high hazard risks.
Communication and Working Relationships
- Internal:
- Collaborate with senior management, field engineers, claims department, business development managers, legal team, compliance officers, and finance.
- External:
- Regular interactions with clients, brokers, cedants, and loss adjusters.
Key Competencies
- Effective analytical skills.
- Strong written and verbal communication abilities.
- Negotiation skills and the power to influence others.
- Extensive underwriting experience in direct insurance and reinsurance markets.
- Proficient in risk evaluation and pricing.
- Strong marketing and relationship-building skills, balancing profit-oriented goals.
- Established contacts with clients and business producers.
- Confident decision-making and problem-solving skills, logical work approach, self-motivation, sound judgment, and teamwork orientation.
Work Environment
We value in-person collaboration; hence, team members are primarily expected to work from the office to foster an effective, supportive, and connected environment.
Benefits
Our Total Rewards Program is designed to protect and invest in what is most important for you, offering benefits focused on health, wellbeing, financial security, and professional development.
Culture of Inclusion
We are dedicated to fostering a culture that honors and celebrates talents, backgrounds, cultures, opinions, and goals. Through Employee Resource Groups and cultural awareness activities, we promote inclusion and belonging.
The company provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.
We are committed to accommodating job applicants and employees with disabilities. If you need a reasonable accommodation, please reach out accordingly.
Functional Area:
UW - Underwriting
