We are currently engaged by a leading insurance company that provides specialty risk solutions to clients worldwide across a wide range of industries. They are seeking experienced Senior Underwriters with Professional Liability (Construction Products). You will be responsible technical underwriting and account management of construction professional liability and contractor’s pollution book of business.
Philadelphia, PA | Alpharetta, GA | Dallas, TX | Chicago, IL | Minneapolis, MN | Denver, CO | Kansas City, MO – (Hybrid)
Responsibilities:
- Solicits and reviews new and renewal account information required to evaluate a risk
- Identifies potential exposures and hazards in relation to coverage requested and individual risk characteristics
- Underwrites prices and prepares proposals based on objective and subject risk characteristics, input of internal resource team, existing product set and regulatory filings.
- Prepares final quotation/proposal and presents to producer and/or prospective insured
- Manages post bind activities and has responsibility to deliver promised service to customers
- Responsible for the renewal and retention management process to achieve targeted retention and price change goals
- Drives effort to expand business. Leads efforts to develop standard underwriting procedures and pricing strategies with assistance of internal resources
- Continually assists with evaluation of portfolio’s pricing adequacy and profitability
- Develops and maintains relationships with producers and insured’s to achieve overall productions and profitability goals
- Meets with producers and insured’s to discuss individual account issues, uncover critical customer needs and financial buying characteristics
- Develops a strategic plan for positioning the company at the producer and insured level
What we’re looking for:
- Bachelor’s degree
- Industry-specific study or designations (such as CPCU) are a plus
- 5 years + of construction professional liability/pollution liability underwriting experience
- Experience in roles with responsibility assisting or driving underwriting guideline and tool development
- Understanding and knowledge of the intent, scope and purpose of Contractor’s Professional Liability and Pollution Liability coverage forms and endorsements
- Understanding of construction professional and pollution pricing, exposure identification and analysis, retention and aggregate setting and limit profiles