Commercial Lines Sr. Underwriter, Organizations - Hybrid or Remote Opportunity in Philadelphia

Energy Jobline ZR; Philadelphia (Philadelphia County); Hybrid; USD 58,000 - 90,000; Full time

Job summary

A leading global energy job board is seeking a Sr. Underwriter for Group Affiliated Programs to oversee underwriting decisions and manage a portfolio for profitability and growth. Ideal candidates will have a Bachelor's degree and extensive underwriting experience, particularly in commercial products. This position offers competitive compensation and a strong benefits suite including flexible work options and generous time off.

Benefits

401(K) with company match

Flexible work schedules

Educational assistance

Wellness incentives

Generous time off program

Qualifications

• High School diploma required, Bachelor's preferred.
• Five years in commercial underwriting, three in property and casualty.
• Experience with Organizations and Program Business.

Responsibilities

• Manage risk portfolio to ensure profitability.
• Approve underwriting decisions for lower authority levels.
• Analyze risks and determine coverage for complex business.

Skills

Advanced analytical skills

Strong customer service

Negotiating skills

Attention to detail

Verbal communication skills

Written communication skills

Education

Bachelor’s degree in business administration or related field

Chartered Property Casualty Underwriter (CPCU) or related designation

Tools

Microsoft Excel

Technical underwriting systems

Job description

Overview

Energy Jobline is the largest and fastest growing global Energy Job Board and Energy Hub. We have an audience reach of over 7 million energy professionals, 400,000+ monthly advertised global energy and engineering jobs, and work with the leading energy companies worldwide. We focus on the Oil & Gas, Renewables, Engineering, Power, and Nuclear markets as well as emerging technologies in EV, Battery, and Fusion. We are committed to ensuring that we offer the most exciting career opportunities from around the world for our jobseekers.

As the Sr. Underwriter, Organizations - Group Affiliated Programs, you will be responsible for managing a book of program business for profitability and growth, including responsibility for advising other underwriters and support staff on technical systems, processes and procedures and consulting at the highest level of technical underwriting authority. You will fully review both new and/or renewal program business, assess risk of coverage, prepare quotes and respond to coverage questions, within the assigned authority level. You will also review and approve underwriting decisions for lower authority level underwriters and prepare recommendations for review with the Underwriting Leader if policy is outside prescribed authority limits. To be successful in this position, you will need to build successful relationships with agents to drive increased, positive business flow and work under limited supervision and exercise significant independent judgement in performing work.

Responsibilities

• Analyzes exposures and determines acceptable risks for complex niche business to determine coverage and premium that is both adequate and competitive in the marketplace.
• Often handles or provides support to a more complex state, risk, regulatory environment, and CAT exposure.
• Takes a tactical approach to underwriting in order to achieve desired profitability and growth of book of business within established goals and business metrics.
• Exercises judgment and latitude based on industry experience in order to evaluate risk and make or recommend decisions as part of the overall department strategy.
• Analyzes inspection reports, location, risk, and financial reports to accept or reject new and renewal business in property and casualty lines.
• Manages risk portfolio to ensure the assigned book of business is tracking with established goals and key business metrics.
• Reviews and approves underwriting decisions for lower authority levels.
• Works collaboratively with Underwriting Assistants on accounts and agency relationships within assigned underwriting territory.
• May provide work direction to lower authority level underwriters and underwriter assistants.
• Provide backup support for the Underwriting Leader in their absence or during times of increased work load.
• Builds successful relationships with agents to drive increased, positive business flow.
• Takes initiative and seeks out new business opportunities.
• Communicates with Loss Control and Risk Management for inspections.
• Assist in training and mentoring lower level underwriters.

Qualifications

• High School diploma, or equivalent.
• Bachelor’s degree in business administration, finance or related field of study.
• Chartered Property Casualty Underwriter (CPCU), Insurance Institute of America (IIA) or other related industry designation desired.
• Five years of progressively responsible experience in commercial underwriting, including three years in a property and casualty insurance company.
• Experience in writing Organizations and Program Business.
• Broad knowledge of common terms, practices, processes and regulations in the P&C insurance industry.
• An ability to consistently apply advanced underwriting concepts and practices within the P&C underwriting field.
• Adept at applying negotiating skills, reasonableness and exercising sound judgment in analysis and decision-making processes.
• Ability to convey clear and concise information to others utilizing excellent verbal and written communication skills.
• Advanced analytical, problem-solving and decision-making skills.
• Strong customer service.
• Advanced knowledge of Microsoft products including a strong foundation in Excel for the purpose of strategic analysis.
• Strong attention to numeric and other details.
• Organizational skills and ability to manage large work volume and meet tight deadlines.

Compensation

• $58,800–$90,000 commensurate with experience, plus bonus eligibility
• $64,800–$95,000 commensurate with experience in CA, CT, MA, NJ, NY, and PA, plus bonus eligibility

Benefits

We are proud to offer a robust benefits suite that includes:

• Competitive base salary plus incentive plans for eligible team members
• 401(K) retirement plan that includes a company match of up to 6% of your eligible salary
• Free basic life and AD&D, long-term and short-term insurance
• Medical, dental and vision plans to meet your unique healthcare needs
• Wellness incentives
• Generous time off program that includes personal, holiday and volunteer paid time off
• Flexible work schedules and hybrid/remote options for eligible positions
• Educational assistance

#TMG

If you are interested in applying for this job please press the Apply Button and follow the application process. Energy Jobline wishes you the very best of your next career move.