MSIG North America continues to grow!
This underwriting specialist role is focused on the construction business.
Responsible for producing, underwriting, and servicing profitable builders risk business through relationships with construction brokers.
The underwriting specialist within MSIG is a high level underwriting position who assumes a leadership role in the organization to positively influence staff and promote a positive image of MSIG in the marketplace by developing and maintaining producer relationships and building a profitable book of business.
Essential Functions:
Produces, underwrites, and services both project and master builders risks within delegated underwriting authority.
Will also underwrite related Inland Marine classes, including contractors equipment, riggers liability, installation projects, and transportation.
Profitability & Underwriting Quality: (50%) Apply appropriate account selection, coverage, risk management, aggregate management, reinsurance and pricing techniques according to department guidelines to achieve target profitability for all new, renewal and endorsement activity within the assigned book of business.
Maintain underwriting files and systems in accordance with department guidelines. Ensure aggregate management and risk management activities are appropriate to the risk, in line with department guidelines, and that systems reflect current and accurate data for assigned accounts per department guidelines.
Monitor underwriting results, loss trends and market developments for assigned business and producers within assigned territory. Implement best practices in account management throughout the underwriting cycle, including coordination with other internal business units as appropriate. Volume & Marketing: (40%) Maintain existing accounts and develop new sources of business in line with department risk appetite and guidelines to achieve targeted volume. Establish and maintain effective producer and client relationships within assigned territory. Coordinate activities with other internal business units as appropriate. Provide timely and best in class professional service to our customers. Promote a positive impression of MSIG to producers, insureds and within the marketplace in general. Training & Development: (10%) Enhance technical expertise through continuing education opportunities as appropriate and available. Assist in training, mentoring and development of other department staff. Education and Experience Required: High School degree is required.
Bachelor's degree or equivalent business experience preferable.
CPCU/ insurance designations encouraged. 5+ years of relevant underwriting experience with demonstrated productivity, profitability and business acumen. Strong knowledge and technical expertise of relevant risks including exposures, forms, coverages, pricing methods, aggregate management, reinsurance and account management. Demonstrated market presence with the ability to form lasting producer relationships and in depth knowledge of production sources and market capabilities within the assigned territory and product lines.
Strong portfolio management, organization, negotiation and time management skills with an understanding of the company's business objectives. Demonstrated ability to work effectively within teams across multiple disciplines and support activities. Pay Transparency Statement The actual pay rate offered within the range will depend on factors including geographic location, qualifications, experience, and internal equity. SALARY $150-$200K
It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!
It is the policy of MSIG-NA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law.
In addition, MSIG-NA will provide reasonable accommodations for qualified individuals with disabilities.