Senior Product Liability Underwriter
Description
Position at Tokio Marine HCC
Senior Product Liability Underwriter
Interested in taking on a role where your day-to-day has major impacts across the team and the organization? We are looking for a strong Product Liability Underwriter who has a desire to grow their career with a world-renowned global in specialty insurance. Put your career path in your hands and apply with us.
About TMHCC:
Tokio Marine HCC (TMHCC) brings 49 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.
What we offer:
Just as Tokio Marine HCC Group of Companies is customer centric, we are also employee centric offering:
- Competitive salary and excellent total employee benefit package
- Strong learning culture
- 6% 401K match
- Paid parental leave
- Hybrid work schedule (Tues, Wed & Thurs in office – business casual)
- Travel opportunities
- Relocation package and additional unique opportunities based on experience
About the team:
Are you an expert Product Liability Underwriter looking for a new challenge? Tokio Marine HCC is seeking a dynamic individual to join our team as we transition to a new phase of growth and expansion. This is a prime role if you are seeking to make an impact, to achieve professional growth in your underwriting career and to interact with senior leadership. As a Senior Product Liability Underwriter, you will be key in evaluating and underwriting product liability risks while working with a strong team. In this exciting environment located in downtown Chicago, you will have the opportunity to contribute your skills and experience to shape the future direction of our business.
As an organized and result-oriented Senior Underwriter to join the Casualty team within Product Liability, you bring highly technical underwriting skills and broad broker partner networks conducive to expanding our distribution network nationally. Responsible for in-depth analysis of each account including; gathering and evaluating data, determining risk quality, analyzing loss history and loss development, and proposing changes to the wording, terms, and conditions of insurance policies. You collaborate with the existing team to renew the existing SME portfolio, drive profitable growth with new business in targeted product classes, and generate new business opportunities by leveraging existing and new broker relationships. You are expected to have a full understanding of the client's requirements and expectations for insureds in the manufacturing and distribution industry and a strong ability to analyze and interpret technical data.
If you're a self-starter with a passion for underwriting, we encourage you to apply for this unique opportunity.
Key Responsibilities:
- Evaluate submissions to assess each risk and pricing for the unique class, review endorsement requests and coverage limits, determine pricing, etc.
- Exercise strong underwriting acumen & discipline applying analytical skills to drive risk selection and expand TM HCC’s footprint in the market.
- Engage in a supportive team dynamic that promotes collaboration, honesty, integrity, and values feedback and new ideas to drive growth & strategy.
- Promote a consultative and collaborative relationship with wholesale brokerage partners based in offering creative solutions for product-driven risks.
- Participate in special projects as delegated by the President/BU Manager.
- Mentor junior underwriters and support staff.
About You:
- Bachelor’s Degree in risk management, business administration, accounting, finance, or relevant education/ experience.
- 3+ of experience as a Product Liability Underwriter possessing significant experience in segments such as plastic & rubber goods, machinery, sporting equipment, non-critical auto, etc.
- Proven ability to engage with the wholesale brokerage community.
- Aptitude for learning internal systems, applications and internal workflow of the department;
- Exercise outstanding communication skills including presentation skills and underwriting documentation.
- Must be able to effectively interact and deal with people at all levels inside and outside of the company.
- Intermediate working knowledge of MS Excel is preferred (i.e. ability to perform pivot tables, macros, and intermediate formulas).
- Exceptional organizational, time-management, and multi-tasking skills.
- Available for travel to assigned territory for broker visits, industry events
Additional Certifications that are a plus:
- Chartered Property Casualty Underwriter (CPCU)
- Manufacturing Risk Insurance Specialist (MRIS)
- Associate in Surplus Line Insurance (ASLI)
- Associate in Commercial Underwriting (AU)
- Associate in Insurance (AINS) or equivalent insurance designation.
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