Senior Production Underwriter Specialty at Proassurance Corporation in Birmingham, Alabama

Posted in Other 12 days ago.





Job Description:


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 approximately 1000 employees operating in all 50 states, we are well positioned to offer career opportunities to individuals interested in professional growth.



The primary responsibility of the Senior Production Underwriter is to use underwriting authority to develop and build external relationships to write profitable new business and retain existing policyholders in an assigned territory and/or with assigned brokers. There will be specific new business and book of business production goals associated with the growth and profitability objectives. The Senior Production Underwriter will solicit, examine, accept and reject insurance risks based on underwriting guidelines in all market segments of the program, including large and complex healthcare systems. This role will follow the underwriting authority granted them by the Vice President, Specialty Underwriting. This position will classify and price acceptable accounts to meet underwriting profit goals and expense objectives; establish and build relationships with brokers and agents in an assigned territory; and monitor, analyze and report on the quantity and quality of assigned book of business. The Senior Production Underwriter will assist the department by providing leadership support for the underwriting function.



Essential Duties and Responsibilities:



  • 55% - Underwriting and Underwriting Profitability: Underwrite new and renewal submissions, with considerable focus upon large and complex accounts. Create terms and conditions for each applicant based on underwriting guidelines, program rates and coverage forms. Work closely with and collaborate with colleagues in all disciplines including: Actuarial, Claims, and Risk. Adhere to Letter of Authority without exception. Will use advanced knowledge of pricing models and be proficient at working through the actuarial-underwriting nuances. Perform beginning to end underwriting tasks including solicitation of business opportunities, rating and underwriting, policy changes and referral exceptions. Make sound underwriting decisions keeping long term profitability in mind. Assess account exposure, financial standing, operational strategy, risk quality and compliance, and price business in accordance with company guidelines. Responsible for significant new business goals.

  • 25% - Relationship and Distribution Management: Expand new business opportunities in preferred classes of business through target accounts and brokers in all market segments. Arrange and conduct meetings with brokers/agents, and insureds/prospects to discuss terms and conditions, exposures, claims and related concerns. Work closely with brokers to create mutual new business goals. Focus on National brokers and Specialty brokers. Work in collaboration with other teams in cross-sell initiatives. Responsible for large broker specialist assignments.

  • 10% - Policy and Procedures, and Compliance: Document files and ensure compliance and audit-worthiness. Work alongside of Executive Underwriter to recommend product development strategies to address market trends.

  • 5% - Financial Results Management and Reporting: Assists in establishment of revenue budget and monitors performance against plan, while keeping keen focus upon loss ratio targets. Provide reporting to leadership to facilitate tracking and measurement of results. Maintain profitable book of business within assigned levels of authority by using sound underwriting judgment and technical skills.






Secondary Responsibilities:



  • 5% - Innovation and Product Development: Keeps educated on evolving risks, and exposures. Engages others about ways to improve the service and/or products that we provide. Encourages others, at all levels, to offer ideas and take initiative to vet those ideas.






Qualifications:



  • Bachelor's degree required with a preference for study in Insurance, Risk Management, Business Administration or other business related field.

  • Minimum of at least 6 years healthcare professional liability underwriting experience, with at least 5 of those years in an Excess and Surplus environment focused on the corresponding specialty segment [facilities, hospitals, senior care, or large complex physician accounts] underwriting (as identified by the department need).

  • Experience in a production underwriting role, with specific broker territory and assignments.

  • CPCU, RPLU, AIC or ARM highly desired. Progress toward the completion of one of these designations is required.

  • Understanding of insurance terminology, insurance and underwriting principles required.

  • Previous professional liability experience in an excess and surplus environment required.

  • Proficiency with Microsoft Office Suite.

  • Excellent organizational and interpersonal skills.

  • Self-motivated and able to accomplish multiple tasks within deadlines.

  • Excellent listening, speaking, writing and presentation skills. Ability to process information logically.

  • Strong analytical skills to interpret data and make sound decisions and devise appropriate solutions.

  • Experience in a production underwriting role, with specific broker territory and assignments.

  • Proven self-starter with strong multi-tasking and relationship management skills.

  • Superior negotiation, marketing and sales skills.

  • Exceptional large account skills with advanced knowledge of actuarial tools and methods.

  • Able to review the work of others, provide feedback and approve other underwriters' quotations.

  • Meets work deadlines, excellent desk management skills.

  • Solid knowledge of rating and documentation management and workflow systems.

  • Able to create, build and develop superior relationships with agencies and internal colleagues.

  • Able to handle referrals, review the work of others, and provide effective coaching.

  • Ability to attend insurance and industry/business functions to promote and present a positive image of the Company.

  • Up to 20% travel.

  • Has second highest authority level; depends on size of account responsibility. May refer larger accounts to Underwriting Executive for approval.


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