Senior Underwriter

Employer
MARSH & MCLENNAN COMPANIES, INC
Location
Chevy Chase, MD
Posted
Jun 16, 2017
Closes
Jun 21, 2017
Function
Accountant, IT
Hours
Full Time
Job Summary\:Are you looking for a change? Interested in a role that allows you to flex your communication skills and offers an opportunity to interface directly with the end client?We are a highly regarded Managing General Underwriter (MGU) with an opportunity for a top performing insurance professional, possessing both strong sales and client-facing skills, to join our highly regarded team of Underwriters.You will have the opportunity to think outside the box as you apply creative and technical underwriting acumen in professional liability through the renewal of existing business and the generation of new accounts. You will collaborate with professionals in the design and construction industry, an exciting field that is experiencing regrowth, as you join our team of production underwriters.Responsibilities include the determination of terms and conditions for coverage and rates for program profitability and reporting on the underwriting results to senior management. You will build relationships with the broker distribution force and negotiate quotations and ensure policies are issued as bound.At Victor O. Shinnerer, a Marsh & McLennan Company, we have an outstanding reputation in the insurance market and are renowned for the quality and stability of our program coverages and risk management services. We enjoy commendations and collaboration with leading industry associations. This position is expected to develop strong relationships with our broker partners as well as policyholders to work with and retain an established base of large and sophisticated accounts. This high visibility role will give you the opportunity to personally interact with CEO's, CFO's, COO's and General Counsels of the some of the largest architectural and engineering firms in the United States. In addition to managing a robust book of business, the ideal candidate will have the ability and desire to grow and own their assigned territory through aggressive prospect pipeline management and achievement of new business premium goals. This position requires up to 20% domestic travel and requires the ability to operate at a high performing level while maintaining attention to detail.Success in this role is defined by strong account retention, profitable underwriting results and new business. Keys to success include high energy, proficient negotiation skills with both the brokers and our carrier partners and effective presentations skills. This position offers tremendous opportunities for the right candidate to be a top performer in a growing, well-established organization.Responsibilities\:Reviews and analyzes submissions for Professional Liability coverages such as Architects & Engineers, Land Surveyors and Landscape Architects .Identifies and obtains additional information required for proper analysis of risk including cross referencing with other departmentsCorresponds with other insurance professionals to obtain further information, quote rates, or explain company underwriting policiesAssesses exposure and determines rates, terms and conditions of coverage in accordance with guidelines and uses judgment underwriting to evaluate a riskNegotiates terms and conditions with brokersDetermines whether to accept, modify, or decline risksDevelops or modifies policy wording when standard text is not appropriate Binds coverage and initiates issuance of documentsServices current accountsProvides advice and expertise to other underwriters on underwriting issuesAssists in special projects in conjunction with marketing and business plans 5-10 years of insurance related experienceE&O Insurance Experience a plusExcellent written and oral communication skillsStrong MS Office experience, ability to create PP presentationsTravel up to 20%Multi-task & work in a fast paced environmentAbility to build strong client relationshipsAbility to apply mathematical concepts to practical situationsStrong analytical and judgment skills; excellent problem solving abilityCollege degree, preferably in insurance or business administrationVictor O. Schinnerer & Company (schinnerer.com), a subsidiary of Marsh, is the world's oldest and largest underwriting manager of professional liability, specialty insurance, and risk management programs. Our expertise lies in evaluating risks, implementing program marketing, developing and executing risk management activities, and servicing accounts on behalf of our insurance company partners. We then distribute these products through our distribution network of licensed brokers. Marsh & McLennan Companies offers competitive salaries and comprehensive benefits and programs including\: health and welfare, tuition assistance, 401K, employee assistance program, domestic partnership benefits, career mobility, employee network groups, volunteer opportunities, and other programs. For more information about our company, please visit us at\: http\://www.mmc.com/. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. For more information, please visit us at\: www.mmc.com/diversity.Marsh & McLennan Companies and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.