Offer summary

Qualifications:

10+ years of hospitals and facilities underwriting experience required., Bachelor's degree preferred or equivalent experience., Knowledgeable in insurance policy contracts, especially medical malpractice and liability., Strong analytical skills and proficiency in Microsoft Office suite..

Key responsabilities:

Evaluate complex risks for proper risk selection and pricing.

Interact with customers and brokers to clarify underwriting requirements and negotiate terms.

Conduct marketing activities and maintain a production pipeline for new business.

Mentor and train less experienced underwriters in both individual and classroom settings.

Job description

Position Summary

The Executive Underwriter will evaluate complex risks to ensure proper risk selection, pricing, and terms for policies generated in assigned territory. This position will work independently within the established strategy and delegated authority to generate a profitable portfolio. The Executive Underwriter is responsible for marketing activities to generate new business. The Executive Underwriter will be looked at as a mentor, coaching and training less experienced underwriters.

Essential Duties & Responsibilities

Risk evaluation. Evaluate submissions to determine acceptability of risks in accordance with company guidelines and standards. Determine proper coverage, pricing, limits, and terms based on exposure. Operate as a subject matter expert for the team.
Guideline adherence. Understand and follow the applicable underwriting guidelines, policies, and procedures to maintain consistency and adherence to industry regulations. Operate within assigned letter of underwriting authority.
External communication. Interact with customers, agents, and brokers to gather necessary information and to clarify underwriting requirements. Negotiate policy terms.
Data analysis. Utilize analytical tools to evaluate exposure and understand the driver of claims.
Collaboration. Drive a multi-disciplinary approach to understanding insureds’ risks. Collaborate with other underwriters and team members to gain a comprehensive understanding of the exposure and best means to provide coverage.
Documentation. Maintain accurate and detailed records of underwriting decisions and communication with both internal and external parties. Responsible for documenting the underwriting process and decisions of assigned policies.
Marketing. Conduct stewardship meetings and lead marketing activities. Establish and monitor production pipeline of new business. Present at industry conferences.
Portfolio Management. Maintain sight of the strength of assigned portfolio. Provide information and feedback on territorial or market trends to management. Support segment leadership in the development of underwriting appetite and strategy.
Project work. May participate in and/or lead projects.
Mentor/Coach. Train and coach less experienced underwriters on an individual basis and in a classroom setting in concert with other training professionals.
Policy language. Remain aware of market-standard policy terms and support Product & Services team with recommendations of updates and changes to standard policy language.

Education, Experience, Competencies & Values

10+ years of hospitals and facilities underwriting experience required
Bachelor's degree from four-year college or university preferred; or ten or more years related experience and/or training; or equivalent combination of education and experience.
Have completed or willingness to complete requirements of the CPCU or RPLU designation is preferred.
Must be knowledgeable in insurance policy contracts, particularly medical malpractice, general liability, directors and officers liability, and excess/umbrella liability.
Strong analytical skills.
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, governmental regulations, underwriting guidelines and manuals, bylaws, financials, articles of organization, loss runs, Joint Commission reports and other industry reports.
Ability to write reports and business correspondence.
Proficiency with Microsoft Office suite of programs.
Comfortable and effective in presenting information and responding to questions from groups of managers, clients, customers, and the general public.
Previous leadership experience preferred.
Ability and willingness to travel up to 10% of the year.

Base salary range is $108,630 - $146,970. Individual compensation packages are based on a variety of factors that are unique to each candidate including location, skill set, experience, qualifications and education.

If you're a caring and customer focused individual who enjoys working with passionate team members, Coverys is the right company for you!

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