Underwriter

3 days left

Employer
MARSH & MCLENNAN COMPANIES, INC
Location
Chevy Chase, MD
Posted
Sep 15, 2017
Closes
Sep 24, 2017
Function
Accountant, IT
Hours
Full Time
We are seeking an Underwriter in our Real Estate Program. Job Summary: Responsible for the renewal of existing business and the generation of new accounts. Determines terms and conditions for coverage and rates for program profitability. Provides reports on the underwriting results to manager. Build relationships with the broker distribution force. Negotiate quotation and ensures policies are issued as bound. 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 involves the ability to multi-task at a high operating level while maintaining strong attention to detail. Success in this role is defined by strong account retention, profitable underwriting results and new business all achieved by possessing high energy, proficient negotiation skills with both the brokers and our carrier partner Responsibilities: Reviews and analyzes submissions for Professional Liability coverages such as Residential and Commercial Real Estate Brokerages, Property Managers, Mortgage Brokers, Appraisers, Auctioneers and Title Firms. Identifies and obtains additional information required for proper analysis of risk including cross referencing with other departments Corresponds with other insurance professionals to obtain further information, quote rates, or explain company underwriting policies Assesses exposure and determines rates, terms and conditions of coverage in accordance with guidelines and uses judgment underwriting to evaluate a risk Negotiates terms and conditions with brokers Determines whether to accept, modify, or decline risks Develops or modifies policy wording when standard text is not appropriate Binds coverage and initiates issuance of documents Prepares and maintains periodic reports pertinent to the ongoing operation of the department Services current accounts Provides advice and expertise to other underwriters on underwriting issues Assists in special projects in conjunction with marketing and business plans