Underwriter

Expiring today

Employer
MARSH & MCLENNAN COMPANIES, INC
Location
Chevy Chase, MD
Posted
Sep 15, 2017
Closes
Sep 22, 2017
Function
Accountant, IT
Hours
Full Time
Victor O. Schinnerer & Company (), 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. We are seeking an Underwriter in the Architects & Engineers Program. General Summary The successful candidate will exemplify Marsh's IGNITE operating principles, the behaviors that guide our conduct and growth - In Touch: Get out in front by being informed and connected; Genuine: Be authentic with clients and each other; Nimble: Be flexible and move quickly to deliver quality results; Inclusive: Be open to diverse ideas, experiences, and backgrounds; Trusted: Stand for integrity and ethical behavior; and Engaged: Actively participate in making Marsh extraordinary. General 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 senior management. 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 Architects & Engineers, Land Surveyors, Landscape Architects and Construction Consultants. 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