Captives Underwriter
Captives Underwriter
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
Company Details
Midwest Employers Casualty (MEC) is a member of the W. R. Berkley Corporation a fortune 500 company rated A (Superior) by A.M. Best Company based in Chesterfield MO. We improve the quality of life for employees severely injured on the job and help companies understand and mitigate their risk for workers compensation injuries. MEC has a friendly resultsfocused work environment. We seek employees who take initiative are quick to adapt are dependable and like working as part of a team.
company is an equal employment opportunity employer.
Responsibilities
The Executive Underwriter Captives is responsible for the appropriate underwriting of new and renewal WC/AL/GL captive programs. This includes executing objectives related to production and profitability goals; demonstrating underwriting discipline; appropriately underwriting accounts; effectively negotiating with brokers; and consistently delivering MECs value proposition.
Key functions include but are not limited to:
Responsibly manage assigned captive programs in order for MEC to attain profitability and growth objectives:
- Maintain awareness of MECs financial forecast plan and work closely with team members to achieve the plan.
- Meet or exceed renewal account retention premium and loss ratio goals.
- Meet or exceed new business premium and loss ratio goals.
- Exhibit commitment and coordinate with the Captives business development staff to achieve growth objectives.
Consistently demonstrate underwriting discipline through adherence to MECs underwriting approach and guidelines:
- Demonstrate sound technical knowledge regarding primary and excess/deductible workers compensation auto liability and general liability insurance.
- Demonstrate sound technical knowledge regarding underwriting risk analysis actuarial analysis collateral analysis NCCI/ISO policy forms endorsements and IT applications.
- Demonstrate excellent knowledge of captive programs and how each program is developed.
- Demonstrate excellent knowledge of MECs agreements associated with captive programs.
- Appropriately manage assigned captive programs via thorough analysis of risk establishment of appropriate terms and appropriate documentation to support analysis and terms.
- Demonstrate excellent negotiation skills to achieve accountlevel goals.
- Timely and appropriately manage captive member underwriting referrals.
- Adhere to underwriting department policies guidelines and authority levels.
- Submit referrals to MEC Underwriting Management as required including key account information and recommendations.
Develop relationships and deliver exceptional customer service to our brokers captive managers and customers:
- Demonstrate indepth knowledge regarding assigned captive programs captive managers and brokers.
- Maintain excellent working relationships with assigned brokers/captive managers and further develop to utilize MECs value proposition in the positioning of new and renewal accounts.
- Leverage relationships to drive new business and renewal retention opportunities.
- Develop and execute upon a relationship/service plan for assigned captive programs.
- Meet or exceed service standards to our broker partners regarding submission management quote due dates responsiveness to communications and addressing questions/requests.
Consistently demonstrate knowledge and utilization of MECs value proposition and services:
- Remain knowledgeable and up to date regarding MEC resources services and outcomes of recommended services:
- MEC Claims Advantage services.
- XCEL Analytics services.
- Demonstrate ability to identify services that would potentially be of most value to customers.
MEC Strategic Initiatives and WRB Initiatives
- Remain knowledgeable of MECs strategic initiatives and participate as a team member where needed in the development/ of strategic tactics.
- Remain knowledgeable of WRBs corporate initiatives and participate as a team member where needed.
Qualifications
- Bachelors degree or equivalent work experience preferably in Insurance or Business.
- 10 years of workers compensation auto liability and general liability insurance experience.
- Captive experience a plus.
- Technically competent with Excel Word PowerPoint and Operational systems.
- Strong analytical skills and ability to make sound business decisions.
- Effective written oral and listening communication skills that will contribute to the highest quality of service to business partners and coworkers.
- Ability to build trust and gain credibility with business partners and coworkers.
- Ability to work in a teamoriented collaborative environment.
- Strong customer service skills.
- Ability to remain calm focused and confident in all situations.
- Highly selfmotivated and directed.
- Advanced time management and followthrough skills.
- Ability to travel 30 or less.
Additional Company Details
The actual salary for this position will be determined by a number of factors including the scope complexity and location of the role; the skills education training credentials and experience of the candidate; and other conditions of employment.
Sponsorship Details
Employment Type
Unclear
