Underwriting Specialist - Inland Marine

MSIG USA continues to grow! 

Company Overview:

MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., one of the world’s top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business’s unique risks.

This Underwriting Specialist role is focused on the constructions business.  Responsible for producing, underwriting, and servicing profitable business through relationships with brokers.  The Underwriting Specialist within MSIG is a high level underwriting position who assumes a leadership role in the organization to positively influence staff and promote a positive image of MSIG in the marketplace by developing and maintaining  producer relationships and building a profitable book of business.

Essential Functions:

Produces, underwrites, and services both project and master builders risks within delegated underwriting authority.  Will also underwrite related Inland Marine classes, including contractors equipment, riggers liability, installation projects, and transportation. 

Profitability & Underwriting Quality:  (50%)

• Apply appropriate account selection, coverage, risk management, aggregate management, reinsurance and pricing techniques according to department guidelines to achieve target profitability for all new, renewal and endorsement activity within the assigned book of business.
• Maintain underwriting files and systems in accordance with department guidelines.
• Ensure aggregate management and risk management activities are appropriate to the risk, in line with department guidelines, and that systems reflect current and accurate data for assigned accounts per department guidelines.
• Monitor underwriting results, loss trends and market developments for assigned business and producers within assigned territory.
• Implement best practices in account management throughout the underwriting cycle, including coordination with other internal business units as appropriate.

Volume & Marketing:  (40%)

• Maintain existing accounts and develop new sources of business in line with department risk appetite and guidelines to achieve targeted volume.
• Establish and maintain effective producer and client relationships within assigned territory.
• Coordinate activities with other internal business units as appropriate.
• Provide timely and best in class professional service to our customers.
• Promote a positive impression of MSIG to producers, insureds and within the marketplace in general.

Training & Development:   (10%)

• Enhance technical expertise through continuing education opportunities as appropriate and available.
• Assist in training, mentoring and development of other department staff.

Supervisory Responsibilities:

There is no direct supervisory responsibility in this role.

Qualifications:  To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and Experience Required: 

• High School degree is required.  Bachelor’s degree or equivalent business experience preferable.  CPCU/ insurance designations encouraged.
• 5+ years of relevant underwriting experience with demonstrated productivity, profitability and business acumen.
• Strong knowledge and technical expertise of relevant risks including exposures, forms, coverages, pricing methods, aggregate management, reinsurance and account management.
• Demonstrated market presence with the ability to form lasting producer relationships and in depth knowledge of production sources and market capabilities within the assigned territory and product lines.
• Strong portfolio management, organization, negotiation and time management skills with an understanding of the company’s business objectives.
• Demonstrated ability to work effectively within teams across multiple disciplines and support activities.

SALARY: The estimated salary range for this position is $180,000 to $200,000 per year. This is a good-faith assessment of the salary range for this position only. In determining the actual salary within this range, MSIG USA will consider a candidate’s relevant experience, location, and other job-related factors.

Additional Benefits:  

Healthcare and Retirement Benefits

• Comprehensive medical, dental, and vision coverage

• 401(k) with a generous employer match and profit-sharing contribution

• Wellness incentive program

• Life and accidental death and dismemberment (AD&D) insurance

• Flexible spending programs

• Short-term and long-term disability plans

Additional Benefit Programs

• Paid time off program

• Paid charitable leave

• Paid parental leave

• Tuition reimbursement program

• Personal insurance (auto/homeowners) discounts

It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!  

It is the policy of MSIG USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG USA will provide reasonable accommodations for qualified individuals with disabilities.