Underwriter

Expiring today

Employer
MARSH & MCLENNAN COMPANIES, INC
Location
Chevy Chase, MD
Posted
Oct 12, 2017
Closes
Oct 20, 2017
Function
Accountant, IT
Hours
Full Time
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 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 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 Qualifications 2-5 years of insurance related experience, professional liability preferred but not required Excellent written and oral communication skills Ability to apply mathematical concepts to practical situations Strong analytical and judgment skills; excellent problem solving ability College degree, preferably in insurance or business administration 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. Marsh and its separately incorporated operating entities around the world are part of Marsh & McLennan Companies, a publicly held company (ticker symbol: MMC). 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: 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.