The Senior Underwriter will evaluate complex risks to ensure proper risk selection, pricing, and terms for policies generated in assigned territories.  This position will work independently within the established strategy and delegated authority to generate a profitable portfolio.  The Senior Underwriter is responsible for marketing activities to generate new business. The Senior 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 the CUO in the development of underwriting appetite and strategy.

• Project work.  May participate in and/or lead projects.

• Policy language.  Remain aware of market-standard policy terms and support Product & Services team with recommendations of updates and changes to standard policy language.

• Mentor/Coach.  Train and coach less experienced underwriters on an individual basis and support their training with other professionals.

• Management.  Carry out supervisory responsibilities in accordance with the organization’s policies and applicable laws. Responsibilities include: goal setting, interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; team advocacy and conflict resolution.

Education, Experience, Competencies & Values

• Bachelor's degree from four-year college or university preferred

• Demonstrated expertise and/or training; or equivalent combination of education and experience.

• Have completed or willingness to complete requirements of the ACII, CPCU or RPLU.

• Must be knowledgeable in insurance policy contracts, particularly medical malpractice, general 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 for cross Atlantic travel as required by the role.

• Hours: Monday to Friday 09:00-17:00, although flexibility with hours may be required on occasion.  Minimum of 4 days a week in physical office.

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