Underwriter, ISI
Underwriter, ISI
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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 URL: company is an equal opportunity employer.
Responsibilities
The Underwriter ISI is responsible for the appropriate management and underwriting of an assigned book of business. 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 may not be limited to:
Financial
Responsibly manage assigned book of business 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.
- Coordinate with Business Development staff regarding new business account development.
Underwriting Discipline
Consistently demonstrate underwriting discipline through adherence to MECs underwriting approach and guidelines:
- Demonstrate sound technical knowledge regarding primary workers compensation insurance excess workers compensation insurance underwriting risk analysis actuarial analysis policy forms endorsements and IT applications.
- Adhere to underwriting department policies guidelines and authority levels.
- Appropriately manage assigned book of business 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.
- Demonstrate the ability to evaluate and determine acceptability of guaranteed cost exposures.
- Submit referrals as required including key account information and recommendations.
Serve as a lead Underwriting team member regarding one or more of the following:
- Compliance.
- Evaluation and recommendations for improvement regarding workflow processes and procedures.
- Staff training related to processes procedures and systems.
- Staff training related to processes procedures and systems.
- IT applications evaluation and recommendations for improvement.
- IT projects and/or testing.
Relationship Management
Develop relationships and deliver exceptional customer service to our brokers and customers:
- Demonstrate indepth knowledge regarding assigned accounts and brokers.
- Meet or exceed service standards to our broker partners regarding submission management quote due dates responsiveness to communications and addressing questions/requests.
- Maintain excellent working relationships with assigned brokers and further develop brokers to utilize MECs value proposition in the positioning of new and renewal accounts.
Value Proposition
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.
- Participate in client calls with determined accounts (new or renewal) to demonstrate MECs value.
MEC Strategic Initiative and WRB Initiatives
- Remain knowledgeable of MECs strategic initiatives and participate as a team member where needed in the development/execution 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.
- 2 years workers compensation insurance experience.
- Technically competent with Excel Word PowerPoint and Operational systems.
- Strong analytical skills and the 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 10% 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.
Employment Type
Unclear
