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Underwriter
QBE Insurance
New York, NY, United States
Job Details - this job has expired, please see similar jobs below
Implement assigned line(s) of business strategy by assisting with business development and growth through building relationships within assigned customers and applying sound decision-making to underwrite business that contributes to a profitable portfolio. Responsibilities include new business production, renewal retention and the overall profitability of assigned book of business. Line(s) of business may include Accident and Health, Aviation, Corporate, Excess and Surplus (E&S), Financial Institutions, Healthcare, Inland Marine, Professional Lines, Multi-national, Property, Trade Credit & Surety and Transactional Liability.
Primary Responsibilities
• Review, evaluate and price business by applying sound underwriting judgment and adhering to company policy and state regulations within established authority
• Underwrite insurance risks in accordance with the business plan and the personal authority to meet business objectives including negotiating rates, terms and conditions for existing and new business, managing production and issue of contract documentation, ensuring compliance with internal and external regulations and guidelines, and ensuring contribution to the business plan and objectives
• Participate in the review and analysis of the portfolio by examining documents to identify
opportunities for continuous improvement and ensure progress towards profitable business objectives
• Make entries, as required, properly and promptly in underwriting systems to ensure accuracy of data, in relation to underwriting and aggregate exposures
• Research and obtain market intelligence in order to enhance organizational profit goals
• Adhere to underwriting standards, instructions, good practice, and legal and regulatory
requirements to minimize risk and maximize efficiency
• Contribute to recording and measurement of insurance risks to ensure accuracy and good practice
• Collaborate with team by escalating issues to upper level underwriting professionals to solicit guidance on complex issues
• Contribute to assigned special projects by assisting with audits, participating in department product and process improvement initiatives
• Contribute to a positive work environment by demonstrating cultural expectations and influencing others to reward performance and value “can do” people, accountability, diversity and inclusion, flexibility, continuous improvement, collaboration, creativity and fun
Required Qualifications
Education:
Bachelor's Degree or equivalent combination of education and work experience
Experience:3 years relevant experience
Preferred Qualifications
Education Specifics:Degree in Business, insurance, or related field
Experience:Insurance industry experience
Licenses/Certifications:Depending on assigned line(s) of business, specific participation and
memberships are preferred and may include one or more of the following: Chartered Property
Casualty Underwriter (CPCU) or Certified Insurance Counselor (CIC) designation, Registered
Professional Liability Underwriter (RPLU), Pilot’s license
Preferred Knowledge
• Working knowledge of insurance products and insurance concepts
• Working knowledge of Microsoft Office Suite
• Working knowledge of underwriting processes and procedures
• Working knowledge of laws and regulations related to area of responsibility
• Knowledge of risk profiling, pricing tools and loss models
• Business acumen
• Relevant trends and information within industry
Preferred Competencies/Skills
• Follow established guidelines to focus on details and complete tasks attentively and thoroughly
• Analyze data on a problem-to-problem solution
• Use wise, astute and insightful judgment to make sound decisions
• Understand, monitor, and improve underwriting technical systems
• Negotiate skillfully in tough situations with both internal and external groups to settle differences with minimum noise
• Ability to analyze data and use for decision making
• Clearly and confidently convey information to various audiences through speech and writing
• Accept responsibility for one's decisions and actions
• Guide oneself with little or no supervision, and depend on oneself to get things done
• Appropriately prioritize assigned tasks to ensure timely goal achievement
QBE Cultural DNA
Everything we do at QBE is underpinned by our DNA (which interlinks seven cultural elements) – because we know it's not just what we do that matters, it's how we do it that makes the difference. We expect all employees to role model and inspire the right behaviors that link to our cultural elements:
• We are customer-centered
• We are technical experts
• We are diverse
• We are fast-paced
• We are courageous
• We are accountable
• We are a team
All employees are expected to adhere to QBE’s Code of Ethics and Conduct and apply sound risk management practices
Work environment
Travel frequency:Occasional (approximately 5-10 trips annually)
Physical demands:General office jobs: Work is generally performed in an office environment in which there is not substantial exposure to adverse environmental conditions. Must have the ability to remain in a stationary position for extended periods of time. Must be able to operate basic office equipment including telephone, headset and computer. Incumbent must be able to lift basic office equipment up to 20 lbs.
To successfully perform this job, the individual must be able to perform each essential job
responsibility satisfactorily. Reasonable accommodations may be made to enable an individual with disabilities to perform the essential job responsibilities.
Number of Openings:
1