Lead Underwriter, Cyber
Job Location:
Chicago, IL - USA
Monthly Salary:
Posted on:
Vacancies:
Job Summary
About TMHCC
Tokio Marine HCC (TMHCC) brings 50 years of service to the specialty insurance industry today offering over 100 products to commercial customers in 180 countries around the world. Every policy we write is special enabling our clients to do amazing things. From insuring the crops that feed us to the rock concerts that entertain us to rescuing international travelers in trouble.
Organic growth and over 60 successful acquisitions have grown our 2023 Gross Written Premium (GWP) to over $7.5 Billion. Our workforce has grown to 4300 worldwide big but not so big that you cannot make a difference. Our Good Company values including integrity empowerment and commitment to customer service and a culture of innovation communication and collaboration make TMHCC a great place to work.
What We Offer
Competitive salary and employee benefit package
Strong learning culture
Growth perspectives
6% 401K match
20 days of PTO and 2 Floating Days
Paid parental leave
An opportunity to love what you do
Job Summary
Under limited supervision underwrite new and renewal Cyber and Tech E&O business with accountability for profitable growth broker engagement and disciplined portfolio management. This role evaluates complex cyber exposures delivers timely and market-facing underwriting decisions and partners cross-functionally with distribution product claims actuarial risk management and operations to drive strong underwriting performance and service outcomes. The Senior Underwriter serves as a trusted resource and advisor to brokers and clients by combining sound underwriting judgment with a clear understanding of the evolving cyber threat landscape.
Key Responsibilities
Assist in meeting annual department goals for profitability renewal retention new business growth and rate increase.
Evaluate risks for acceptability within established underwriting guidelines.
Make timely well-reasoned underwriting decisions and clearly communicate indications quotes pricing rationale coverage positions and declinations to producers within agreed upon company time frames. Develop manage and deepen broker relationships to drive submission flow grow target distribution partners and position TMHCC as a preferred market in the cyber space. Maintain responsiveness on submissions renewals referrals endorsements and broker inquiries within established service standards.
Act within scope of authority and consistent with company and corporate objectives guidelines policies and practices.
Identify attractive target risks and proactively source opportunities within assigned territories industry segments and distribution channels.
Partner with brokers to understand evolving cyber exposures and articulate TMHCCs appetite differentiators risk management and service expectations. Communicate and provide instruction and information to Administrative Supervisor and/or Underwriting Assistants as required for issuing policies and endorsements.
Provide guidance to Administrative Supervisor and/or underwriting assistants and less experienced underwriters on account handling documentation service expectations and workflow prioritization.
Stay current on cyber threat trends market conditions form and wording developments legal and regulatory issues and emerging technologies that impact underwriting strategy.
Contribute to broker education efforts product enhancements and continuous improvement initiatives that strengthen TMHCCs market presence and underwriting capabilities.
Pursue educational classes such as Chartered Property & Casualty Underwriter (CPCU) and/or Registered Professional Liability Underwriter (RPLU) as agreed upon with management.
Additional duties and special assignments as requested by manager.
Competencies
Planning
Develop work plans establish timelines and set goals for assigned work.
Meet commitments on deadlines.
Communication
Review activities results and recommendations with management and clients as appropriate.
Cost Management
Drive improvement in existing business processes.
Perform work thoroughly in a cost-efficient manner and at a high productivity level.
Business Controls and Policies
Comply with all corporate policies and procedures.
Report any breakdown in controls to management.
Conduct all activities in a safe manner.
People Management
No people management responsibility but may provide guidance to less experienced employees
Education Min/Preferred Experience
4 Year Bachelors Degree Business Administration Accounting Finance a related field or the equivalent education and/or experience
5 years of experience highly preferred
Certifications Licenses and Designations
Required: Studies toward attaining a Registered Professional Liability Underwriter (RPLU) Chartered Property Casualty Underwriter (CPCU) Associate in Commercial Underwriting (AU) Certified Insurance Counselor (CIC) or equivalent insurance designation depending on specialty area
Preferred: state-specific insurance license depending on specialty area
Other
Result- and profit-oriented with the ability to balance other business considerations
Knowledge of forms procedures and insurance terminology
Strong math skills
Excellent interpersonal skills
Team- and deadline-oriented environment
Strong analytical strong reasoning abilities and strong negotiation abilities
Ability to read analyze and interpret general business periodicals professional journals technical procedures and/or government insurance regulations
Possess and have ability to apply broad knowledge of principles practices and procedures
Excellent written and verbal communications skills with an emphasis on confidentiality tact and diplomacy
Exceptional organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously
Knowledgeable of industry changes legal updates and technical developments related to applicable area of the Companys business to proactively respond to changing business environment
Intermediate proficiency and experience using Microsoft Office package (Excel Access PowerPoint Word)
Tokio Marine HCC is an equal opportunity employer that values diversity and inclusion. We offer competitive compensation comprehensive benefits and professional growth opportunities within a global organization.
The pay range for this position is$122600-$184000which includes geographic adjustments where applicable. The pay range is the range THMCC in good faith believes is the range of compensation for this role at the timeof this posting. The hired applicant will be offered pay within the entire range based on the candidates geographic location qualifications work experience education and/or skill level. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of color race sex national originsexual orientation religion age veteran status disability pregnancy citizenship status genetic information or any other basis protected by federal state or local pay equity laws. You do not need to disclose your criminal history or participate in a background check until a conditional job offer is made to you. After making a conditional offer and running a background check if the Company is concerned about a conviction that is directly related to the job you will be given the chance to explain the circumstances surrounding the conviction or challenge the accuracy of the background report.
As an insurance company wecomply with certain federal state and local laws such as the Violent Crime Control and Law Enforcement Actof 1994 (18 USC 1033(e)) which restricts our ability to employ individuals with certain types of criminalconvictions. Where not restricted by law and for criminal history not covered by this law the Company willconsider qualified applicants with arrest or conviction history in compliance with applicable law.
Tokio Marine HCC offers a competitive salary and a generous employee benefits package including amongother benefits subsidized medical prescription dental vision and basic life and disability insurance 401(k)plan with Company matching contributions paid parental leave paid time off and/or paid sick leave andeducational/loan assistance.
Tokio Marine HCC is a leading specialty insurance company underwriting more than 100 classes of specialtyinsurance with employees located across 180 counties. TMHCC was established in 1974 and isheadquartered in Houston Texas with offices across the United States and Europe Mexico Australia and inTokyo Japan. The Company offers competitive compensation great benefits and the strength stabilitygrowth and profitability that comes from being a member of the Tokio Marine Group of Companies.Tokio Marine HCC is an equal opportunity employer. Please visitfor more informationabout our companies.
About Company
Specialty Group boasts a product suite that provides coverage for a myriad of needs within the sports, entertainment, travel, and hospitality industries. Our robust portfolio and global presence helps insureds take on incredible challenges without assuming incredible financial risks.
