An exciting opportunity exists to join the ProAssurance family of companies!
We are a specialty writer of professional liability, products liability and workers' compensation insurance. With over 1,000 employees operating in 40 states, our company is well positioned to offer career opportunities to individuals interested in professional growth.
The primary responsibility of the Senior Underwriter is to provide support the HCPL underwriting group by underwriting and selecting new business that will produce an underwriting profit. This position is responsible for reviewing submissions and identifying exposure and risk, and determining accurate classifications and rates and may answer questions concerning a policy status or billing for policies. Under the guidance of the Director, they may analyze applications and screen applicants based on certain criteria, and ensure that policy transactions such as renewals or quotes are issued and changes are recorded correctly.
Essential Duties and Responsibilities:
45% Perform underwriting functions in accordance with established customer service and Treated Fairly standards. Create new business and review renewal business indications or quotes as requested by insured or agent. Perform underwriting duties in accordance with established guidelines. Perform duties within the framework of the rules, rates, and coverage forms filed and approved by law in the state of responsibility. Determine whether or not to write risk and whether any surcharges, discounts, or credits are applicable to coverage.
10% Interaction with agents/brokers in order to foster good relationships, identify prospects and other opportunities for business development.
10% Work in partnership with Service Center leadership and staff to foster efficient and accurate service to our agents and insureds. Work directly with policy specialist to ensure accuracy
5% Review with policy specialist risk profile and loss history information and take necessary steps to ensure that each renewal is appropriately classified and priced. Discuss issues with Claims Department as needed
5% Approve underwriting transactions and bind coverage within authority; provide analysis and file documentation to support decisions.
5% Attend Board/ Department meetings. Prepare underwriting reports and reviews as requested by management.
5% Request Risk Management referrals as indicated.
5% Some overnight travel required for meetings with agents/brokers or insureds; and to national trade shows or conferences
Secondary Duties and Responsibilities:
5% Supervise the underwriting process when the Director of Underwriting is unavailable.
5% Perform special projects as directed by management.
Bachelor's degree with three years underwriting experience preferred or a minimum of eight years underwriting experience
Minimum five to six years' experience within an insurance environment required
Prior professional liability underwriting experience and hospital underwriting experience desired
Completion or progress towards an insurance or professional liability designation (e.g. RPLU, CPCU, AINS) desired
Resident P&C insurance agents license may be required (can be obtained within one year from employment start date)
Understanding of insurance and medical terminology, and insurance and underwriting principles required
Proficiency with Microsoft Office Suite
Excellent organizational and interpersonal skills
Self-motivated and able to accomplish multiple tasks in a timely manner
Accomplished written and verbal communication skills