Underwriting Manager
Core Specialty
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Cincinnati, OH, USA
Posted on Tuesday, August 13, 2024
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The Underwriting Manager will mentor and support the underwriting team to ensure goals, practices, and policies of the company are met.
Key Accountabilities/Deliverables:
- Serve as the primary resource for the underwriting team for questions and authorization of any exceptions.
- Direct the underwriting processes related to underwriting referrals.
- Develop agent relationships and enhance the company’s reputation in the market.
- Establish program guidelines for underwriting and set departmental procedures.
- Apply underwriting expertise within the defined limits of authority to achieve underwriting profitability of assigned agents.
- Monitor compliance with rate and forms filings.
- Monitor adherence to established underwriting guidelines and procedures.
- Provide agents with documented proposals, quotes, and guidance with clear definition of appropriate exposure classification, pricing information, limits, terms, and forms for risks outside of the agent binding authority.
- Promptly respond to all agent submissions and inquiries and perform to defined service standards.
- Maintain technical skills to support virtual communications and proficiency in the use of Core Specialty systems.
- Stay informed and share information on current market developments, to ensure the competitive level and profitability of our product offering.
- Develop training and goals and conduct performance reviews for individual team members annually or as needed.
- Carry out duties within our internal policies and procedures in accordance with applicable law, rules, regulation, good governance, and Core Specialty's shared values, while maintaining a customer service mentality.
Technical Knowledge and Understanding:
- Solid understanding of property and casualty coverages and related endorsements.
- Knowledge of underwriting practices and pricing/rating methodologies
- Knowledge of the surplus lines wholesale binding marketplace and current market environment
- Knowledge of insurance company operations
- Effective written and oral communication skills.
- Self-motivated and independent.
- Detail oriented with the ability to work in a team environment and be flexible to daily changing needs and job duties.
- Familiarity with company systems, procedures & processes
Experience:
- Bachelor’s degree or equivalent combination of training and experience
- 5+ years underwriting experience in Property and Casualty lines of business
- Knowledge of underwriting practices, coverage and pricing/rating methodologies, current market, producer and competitor marketplace
- Familiarity w/ company systems, procedures and processes.
- Understanding of underwriting pricing & tools.
- Preferred wholesale distribution experience in an excess and surplus environment
- Preferred company binding experience
- Experience in customer service to internal and external customers
- Experience working with support services, including IT, claims, actuarial and operations.
#LI-Hybrid
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At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program
This job is no longer accepting applications
See open jobs at Core Specialty.See open jobs similar to "Underwriting Manager" Kalepa.