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Senior Construction Underwriter
Career Insights for Insurance Underwriter (General)
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What they do
An Insurance Underwriter evaluates and measures risk and advises businesses in insurance, banking and securities. Recommends customers to be approved for insurance coverage, and develops policies and premium levels. Reviews loan applications, evaluates credit-worthiness of loan applicants and analyzes the investment risk of a loan for the bank. Evaluates risk in different types of securities and advises clients on investments that will yield highest profits.
$70,204 / year median in the U.S.
-7% projected decline
Job Description
Position Type:
Remote Location:
Ohio (Will consider candidates in other states) Tokio Marine HCC, a global power in the specialty insurance industry, is seeking a Senior Construction Underwriter that has a passion for organization, problem solving, mindfulness, and a drive to learn and grow with a world leading company in a unique industry. Position Summary Under general supervision, reviews and evaluates insurance applications to assess risk, determine acceptability, establish appropriate coverage, and develop pricing recommendations. Builds, maintains, and strengthens relationships with agencies and brokers to support business growth. Exercises defined underwriting authority and business development responsibilities while providing underwriting expertise across one or more liability lines. Conducts industry research on forms, rates, market trends, and legal developments, and provides recommendations to underwriting staff and management as needed. Develops and manages a profitable book of business within an assigned territory, ensuring results align with company growth and profitability objectives. Key Responsibilities Evaluate new and renewal policy applications and related documents to classify and assess each risk, determine acceptability, assign rating, indicate endorsements and limits, and determine appropriate pricing. Contact and respond to verbal and written inquiries from brokers within designated timeframe to provide appropriate information and serve as an underwriting resource. Create and maintain all documentation (physical and electronic) including new and renewal bound files, underwriting worksheets, documentation of phone conversations, and other key documents according to departmental guidelines. Adhere to all company underwriting authority directives, underwriting guidelines, and other applicable company policies and procedures. Approve or deny within given authority or recommend approval or denial to higher authority. Cultivate relationships with internal and external contacts to facilitate the underwriting process, promote business development, and to remain abreast of industry trends. Serve as a resource to other departmental staff with regards to underwriting procedures and other departmental guidelines. Develop understanding of various factors that affect and influence policy rating and risk. Competencies Planning- Follow work plans, established timelines, and predefined goals for assigned work.
- Meet commitments on deadlines. Communication
- Communicate activities, results, and observations with employees and management as appropriate. Cost Management
- Identify areas for improvement in existing business practices.
- Perform work thoroughly in a cost-efficient manner and at a high productivity level. Business Controls and Policies
- Comply with all corporate policies and procedures.
- Report any breakdowns in controls to management.
- Conduct all activities in a safe manner. People Management
- No people management responsibility.