Regional Underwriting Manager
Description
Tokio Marine HCC (TMHCC) brings 50 years of service to the specialty insurance industry, today offering over 100 products to commercial customers in 180 countries around the world. Organic growth and over 60 successful acquisitions have grown our 2022 Gross Written Premium (GWP) to $5 Billion. Our workforce has grown to 4,300 worldwide … big, but not so big that you cannot make a difference. Our Good Company values, including integrity, empowerment, and commitment to customer service, and a culture of innovation, communication, and collaboration make TMHCC a great place to work.
TMHCC Stop Loss, a $2 Billion division within TMHCC, leads the way in providing medical stop loss insurance sold to employers. Medical Stop Loss provides an added layer of insurance protection to employers who choose to self-fund their health benefit plans. Self-funding can incur risks from catastrophic claims, and Medical Stop Loss insurance from Tokio Marine HCC is designed to protect employers from that risk.
About the role:
Makes underwriting recommendations and decisions to protect the financial assets of the company and the carrier. Recommends strategies and objectives for the region, coordinating with all organizational goals and standards. Accountable for performance and attainment of profit goals of assigned Underwriting staff within the region.
Key Responsibilities:
Relying on broad experience and judgment, this role is accountable for accomplishing the following responsibilities and has substantial latitude for actions or decisions made with minimal review.
- Manage the daily underwriting of the assigned Underwriters and Support staff on a regional team. This includes, but is not limited to, reviewing attachment points over one million, signing-off on Underwriter discretion, acting as a resource for underwriting questions, managing the work flow, monitoring close/loss ratios for Underwriters and matching up Underwriter/Producer relationships.
- Complete requests for proposal (RFPs) in a timely manager and follow-up for status and competitive numbers. Quote at least 66% of RFPs received.
- Assist Regional Underwriters in meeting annual goals for profitability, renewal retention, revenue growth, and new business production. (Must keep loss ratio under 100% while striving for a closing ratio of 10%.)
- Work with producers directly as their management/expert resource to resolve problems and answer any high-level questions. Respond appropriately and in a timely manner to service requests.
- Conduct on-site visits to producers to maintain and continue development of relationships with an emphasis on the underwriting procedures and philosophies to clients and staff.
- Work closely with Marketing to develop new relationships, review and manage existing relationships, and assign Underwriters based on a fit of new and existing relationships.
- Work with Information Systems to enhance the underwriting and policy maintenance systems within the Company.
Skills and Experience:
- 4 year Bachelors Degree in Business Administration, a related field, or the equivalent education and/or experience. Graduate degree preferred.
- Preferred certifications include: Certified Employee Benefits Specialist (CEBS), Fellow of the Life Management Institute (FLMI), or Chartered Life Underwriter (CLU) designation
- 8 Years relevant and progressive experience in area of specialization
- 5 Years leadership experience
- Ability to read and interpret documents such as plan of benefits, bid specifications, claim reports, and procedural manuals
- Possess and have ability to apply advanced knowledge of principles, practices, and procedures
- Excellent written and verbal communications skills with an emphasis on confidentiality, tact, and diplomacy
- Superior organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously
- Knowledgeable of industry changes, legal updates, and technical developments related to applicable area of the Company’s business to proactively respond to changing business environment
- Advanced proficiency and experience using Microsoft Office package (Excel, Access, PowerPoint, Word)
Additional Information:
- Occasional Travel (10% of time or more)
- Overtime hours may be required to fulfill job responsibilities
- May be required to remain stationary for extended periods of time
- May be required to move up to 10 pounds
- Must be able to operate a computer and other devices
- Close vision and ability to adjust focus, such as required to read a computer screen
Tokio Marine offers a competitive salary and benefits package, including:
- Generous paid time off (PTO), 12 paid company holidays,
- 401(k) Retirement Plan with 6% company match.
- Health and dental insurance, and vision plan available.
- Company-provided long-term disability and life insurance.
- Opportunities for advancement in a successful and growing organization.
- Flexible work schedules and a great work/life balance.
- Paid Parental Leave.
- Volunteer Time Off.
- Enjoy casual dress and work in a modern, comfortable office with free parking.
- Hybrid work schedule
The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefits package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals. The Tokio Marine HCC Group of Companies is an equal opportunity employer. Please visit www.tmhcc.com for more information about our companies.
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