Inland Marine Underwriter
National Commercial Insurance Company
Scottsdale, AZ
Hybrid – Full Time
COMPANY
National Commercial Insurance Company (A Rated) providing both admitted and non-admitted insurance products in the United States.
POSITION SUMMARY
The Inland Marine Underwriter must have a sound foundation in underwriting principles to grow and maintain a profitable diversified portfolio of inland marine business per the Company’s underwriting strategies, guidelines and standards. The position requires review, investigation and analysis of new and renewal submissions and mid-term endorsement requests to determine acceptability for quoting/binding within granted Letters of Authority and established guidelines.
RESPONSIBILITIES
- Applies sound underwriting principles, policies, procedures and controls.
- Selects, classifies, prices and determines coverage terms of individual inland marine risks following company strategies, guidelines and standards.
- Reviews renewal portfolio to determine continued eligibility and acceptability.
- Monitors key performance metrics against plan to achieve individual and team goals.
- Achieves/exceeds quality, production and marketing goals and standards while maintaining underwriting integrity and overall profitability of the product line.
- Develops and maintains excellent producer (i.e., brokers) relationships through marketing, product education and in-person visits.
- Reviews renewal premiums for annual adjustments required by changes in operations, exposures and/or market conditions.
- Works collaboratively with team members and across departments including Actuarial, Claims and Product Management.
- Mentors less experienced underwriters and support staff.
- Remains current on inland marine issues, competitors and the overall marketplace.
- Attends industry conferences as appropriate.
- Other duties as required.
REQUIREMENTS / QUALIFICATIONS
- Thorough understanding of inland marine coverages, including, but limited to:
- Builder’s risk/renovation/installation floaters
- Contractor’s equipment, including heavy equipment
- Riggers liability
- Motor truck cargo
- Commercial output policies
- Scheduled floaters
- Warehouse legal liability
- Knowledge of the producer distribution system.
- Ability to interpret and analyze data and make informed and calculated underwriting decisions.
- Investigative skills including to research individual risks, products and industries including through the use of internal and external sources (e.g., websites, databases).
- Technical expertise must include financial analysis, loss rating, assessment of individual risk/exposure analysis and rate for risk.
- Excellent computer skills (e.g., Excel, Word, SharePoint and proprietary Company underwriting systems) with demonstrable high accuracy output.
- Advanced problem solving, reasoning and decision-making skills.
- Excellent interpersonal, written and oral communication and presentation skills.
- Responsive to the needs of colleagues and producers.
- Ability to prioritize and manage multiple tasks while meeting deadlines.
- High degree of attention to detail.
- Proven team player who is inquisitive, creative and takes initiative.
- Ability to provide leadership and direction to other team members.
EDUCATION
- Minimum of five years of commercial inland marine underwriting experience, combined with sound knowledge of commercial inland marine underwriting coverages.
- College degree preferred, with coursework in Risk Management/Insurance a plus.
- Established relationships with inland marine producers required.
- Associate in Marine Insurance Management (AMIM) or other insurance related designations a plus.
COMPENSATION / EMPLOYEE BENEFITS
- The Company offers competitive compensation and benefits, including medical, dental, vision, 401(k), flexible spending, short-term and long-term disability insurance, life insurance, long-term care, paid parental leave, vacation and other paid time off.
CONTACT
George Lonas, President
The Regent Group
716.404.3337
glonas@theregentgroup.com