Underwriting Specialist

Posted 4 Days Ago
Be an Early Applicant
16 Locations
In-Office or Remote
Expert/Leader
Insurance • Financial Services
The Role
Supervises underwriting process, mentors staff, conducts audits, underwrites complex accounts, and collaborates with Operations for effective account servicing.
Summary Generated by Built In

MSIG USA continues to grow! 

Company Overview:

MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., one of the world’s top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business’s unique risks.

Summary/Job Purpose:

Provides day to day supervision of underwriters and underwriting process to ensure that standards for quality and underwriting control are met.  Assists in monitoring business process to ensure effective and efficient workflows are maintained.  Works with underwriters to increase knowledge and support decision making on account level or business practice issues. Underwrites complex accounts.

Essential Functions:

Percentage of Time:

  • Allocates underwriting resources to handle minor fluctuations of individual workloads to ensure timeliness of work processing, including policy issuance and timely collection of premiums due.

  • Conducts departmental self – audits and manages self audit process including reporting and monitoring of corrective actions in a timely and effective manner.   Identifies and recommends training needs based on self-audit trends.

  • Reviews and evaluates referrals from underwriters based on and expanded letter of authority.

  • Is responsible for mentoring and training underwriting staff by providing technical training to underwriting staff to increase skill levels and to ensure appropriate skill levels are maintained

  • Serves as a liaison for the Underwriting Department in day to day relations with the Operations Department to ensure all questions are answered and accounts are serviced in a timely and accurate manner.

  • Assist in the implementation and monitoring of the Account Management process to ensure the ultimate account servicing is provided.

  • Underwrites difficult, complex accounts and serves as underwriter for some key producers.

  • Has individual production goals that will contribute to the revenue of the organization.

Qualifications:  To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and Experience Required: 

Diploma/Degree & Experience

  • Bachelor's degree (B. A.) from four-year college or university is preferred, High School Diploma or GED is required. 

  • 10+ years related commercial lines experience (Workers Compensation and Property)  including prior supervisory or management experience.

  • Highly knowledgeable in all Commercial Lines and company underwriting standards and practices.

  • Periodic travel to agencies, customers, insurance functions and home office.

It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!  

It is the policy of MSIG USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG USA will provide reasonable accommodations for qualified individuals with disabilities.

Top Skills

Commercial Lines
Reporting
Underwriting Standards
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The Company
New York, New York
644 Employees

What We Do

MSIG USA is the partner that businesses rely on for creative, customized insurance solutions. Owned by a global P&C carrier with an A+ rating and a 300-year heritage, MSIG USA helps protect leading businesses across a wide range of industries. The company’s financial strength and deep capacity enable it to cover a wide range of risks and deliver responsive, personalized service through a nationwide team. MSIG USA is admitted in all P&C lines in all 50 states, the District of Columbia, and Puerto Rico.

MSIG USA is the marketing name used to refer to certain underwriting subsidiaries of MSIG Holdings (U.S.A.), Inc. (“MSIGH”), and its subsidiary companies. U.S. Companies Only: MSIG insurers are subsidiaries of Mitsui Sumitomo Insurance Company, Limited, a member of MS & AD Insurance Group. MSIG refers to the insurers underwriting coverage: Mitsui Sumitomo Insurance Company of America, Mitsui Sumitomo Insurance USA Inc. and MSIG Specialty Insurance USA Inc

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