Bachelor’s degree or equivalent work experience is required., Minimum of 5 years underwriting experience, preferably in Excess and Surplus lines., Strong negotiation skills and proven problem-solving abilities are essential., Professional designation is preferred..
Key responsibilities:
Select, review, model, analyze, and underwrite complex submissions according to guidelines.
Develop and maintain strong relationships with brokers and negotiate placements.
Assist in training and mentoring new employees within the team.
Travel to meet with brokers at least three times per year.
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James River® is a specialty insurer operating on an Excess & Surplus Lines basis in all fifty states and D.C. Since 2003, James River has provided thousands of commercial customers with creative solutions for their business insurance needs.
No two businesses are the same. At James River each submission is reviewed individually. The company operates primarily in a brokerage model working only with specifically authorized surplus lines brokers. James River's underwriting approach is characterized by a wide risk appetite and our ability to create insurance solutions for both low and higher hazard businesses, many that other underwriters simply decline. We are true E&S underwriters. We strive to provide excellent service and to treat our clients as we would like to be treated.
James River Insurance is an excess and surplus lines segment of James River Group Holdings, Ltd. and operates on an approved non-admitted basis in 50 states and Washington, DC. Since 2003, James River has provided thousands of commercial property and casualty customers with innovative and creative solutions for particular insurance needs.
At James River Insurance, we are committed to providing a stable and rewarding work environment supported by our Core Values and Guiding Principles: Integrity, Accountability, Innovation, Customer Service, Communication, and Teamwork. We are proud of our recent national recognition as a 2023, 2022, and 2021 Top Workplaces USA awards.
James River Group Holdings, Ltd. is a Bermuda-based insurance holding company which owns and operates a group of specialty insurance and reinsurance companies. The Company operates in two specialty property and casualty insurance segments: Excess and Surplus Lines and Specialty Admitted Insurance. The Company tends to focus on accounts associated with small or medium-sized businesses in each of its segments. Each of the Company's regulated insurance subsidiaries are rated "A-" (Excellent) by A.M. Best Company.
Job Summary
Underwriter - Sr. Underwriter:
The Senior Underwriter is responsible for selecting, reviewing, modeling, analyzing and underwriting complex submissions within the context of applying the division’s underwriting guidelines and standards. Determines the proper terms and conditions for acceptable risks including rating the account to develop the appropriate premium. Responds to brokers when particular risks do not meet underwriting guidelines and offers alternative options and cross sell other products. Provides assistance to other team members including the Division Manager in a variety of areas including referrals and identifying new opportunities.
Duties And Responsibilities
Continuously exhibit and uphold Core Values of Integrity, Accountability, Communication and Teamwork, Innovation and Customer Service
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
Assist the Underwriting Manager/Division Manager with training, mentoring, and on-boarding of new employees.
Travel to meet with brokers within assigned territory at least three times per year
Other duties as assigned
Knowledge, Skills And Abilities
Ability to effectively and properly select, evaluate, model, determine coverage, rate, document, quote and bind accounts
Ability to effectively assess risk
Excellent verbal and written communication skills
Ability to work independently or in a team environment to complete assignments within the parameters of instructions given, prescribed processes and standard accepted underwriting practices
Solid knowledge of underwriting philosophy and techniques
Proven problem solving and decision-making skills
Strong negotiation skills
Ability to multi-task
High level of initiative and motivation
Strong work ethic with a drive to succeed
Solid customer service and relationship building skills
Proficiency in MS Office (Word, Excel, Outlook) and Internet researching
Experience And Education
Bachelor’s degree or equivalent work experience
Minimum of 5 years underwriting experience, preferably in Excess and Surplus lines
Professional designation is preferred
Underwriter
Experience and Education
Bachelor's Degree or equivalent work experience
Minimum of 2 years of related underwriting experience preferably in Excess and Surplus lines
Preferably pursuing courses toward professional designations or continuing education.
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Required profile
Experience
Spoken language(s):
English
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