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Sr Underwriter at The Beacon Mutual Insurance Company in Warwick, Rhode Island

Posted in General Business 30+ days ago.

Type: Full-Time

Job Description:

About the Position

This position will underwrite new and renewal workers’ compensation insurance which includes engaging with independent agents, soliciting and analyzing profitable new business, evaluating risk, and pricing insurance coverage on middle market to large accounts.  You will use your strong technical underwriting skills and your consultative approach to negotiate proposals and determine terms and conditions for coverage. 

  • Through professional relationships you will provide strategic advice and insight to agents to drive achieving the mutual goal of profitable growth.

  • Serve as a liaison with agents, with responsibility for managing the overall portfolio of risks across the agency and company by participating in multidisciplinary strategic meetings.

  • In addition to engaging agents and generating flow, you will research and evaluate risk and issue proper pricing and coverage for workers’ compensation insurance on accounts of complex nature and/or exposure.

  • In the process of business development, you will negotiate strategy, terms and conditions, and other pricing structures and mitigation tactics while maintaining the quality of risk and adhering to compliance with workers’ compensation policies and procedures, NCCI rules and DBR filings.

  • You will use technology, resources, and your underwriting technical skills to generate flow, quarterback multidisciplinary service teams, and build profitable mutually beneficial relationships and portfolios.

  • As a Senior Underwriter you will engage in mentoring and developing less experienced staff on the technical aspects of underwriting

Requirements:  Bachelor’s degree and 5 years of related experience or equivalent combination of education and experience.  Knowledge of workers’ compensation underwriting principles and mechanics and insurance underwriting regulations.  Agency and portfolio management experience necessary.  Must possess the communication skills necessary to effectively build relationships, negotiate, and sell.  Knowledge of distribution networks helpful.  CPCU preferred, but not necessary.  Leadership skills to mentor others is preferred. 

About You

  • You are sales oriented and results driven to meet or exceed goals

  • You are a seasoned technical underwriter with a successful track record of bringing in new business and developing and maintaining a profitable book of business

  • You enjoy the challenge of creating and maintaining mutually beneficial business endeavors

  • You are adept at successfully articulating the companies value proposition

About Beacon

Our culture and our employees are at the top of our list of priorities.  We strive to offer learning and development opportunities, both formal and informal.  We value a work environment that is professional, friendly, inclusive and supportive, and we understand the importance of work and family balance.  Beacon is a long-standing winner of Worksite Wellness Awards due to our dedication to the health and wellbeing of our employees.  

About Our Benefits

  • You will enjoy a competitive base salary and bonus along with a broad range of other compensation initiatives and a generous 401K savings program

  • You will have access to comprehensive health plans, life insurance, and wellness programs that offer substantial savings and health related initiatives

  • On-site gym and on-site personal trainers

  • Generous vacation time, and flexible schedule to allow you to enjoy a healthy work life balance

  • Access to college tuition benefits for yourself and your college age children

  • Life Insurance, Long Term Disability, and other voluntary insurance programs

Beacon is proud to be an EEO/AA Employer


See job description

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