Hospital Underwriter - Medical Professional Liability

ProAssurance; Indiana (PA); Remote; USD 64,000 - 108,000; Full time

Job summary

An exciting opportunity exists with an industry-leading specialty insurer seeking a Hospital Underwriter for medical professional liability. This role allows you to work remotely while focusing on underwriting new and renewal submissions, building relationships with brokers, and ensuring compliance. Ideal candidates will have a strong background in healthcare professional liability underwriting, with a commitment to integrity and collaboration. Join a dynamic team that values your contributions and offers a supportive environment for professional growth. If you are ready to take your career to the next level, this position is perfect for you.

Qualifications

• 5+ years of healthcare professional liability underwriting experience required.
• Bachelor’s degree in a business-related field preferred.

Responsibilities

• Underwrite new and renewal submissions focusing on facility-based accounts.
• Build relationships with brokers and agents to support business opportunities.

Skills

Healthcare Professional Liability Underwriting

Relationship Management

Negotiation Skills

Organizational Skills

Communication Skills

Decision Making

Multi-tasking

Education

Bachelor’s degree in Insurance, Risk Management, Business Administration

Tools

Microsoft Office Suite

Job description

Hospital Underwriter - Medical Professional Liability page is loaded

Hospital Underwriter - Medical Professional Liability

Apply locations Remote - Indiana, Remote - Illinois, Remote - Michigan, Remote - Alabama

Time type: Full time

Posted on: Posted 10 Days Ago

Job requisition id: R2931

An exciting opportunity exists to join the ProAssurance family of companies!

Our mission is powerful and simple: We protect others. Choosing a place to apply your talents is an important decision for anyone. You have plenty of options. Why choose ProAssurance?

At ProAssurance, we sell a pledge, and that pledge is delivered by our team members. We are seeking individuals who value integrity, leadership, relationships, and enthusiasm—and want to build their career with a great company where they can be their authentic self and feel valued, recognized, and rewarded for their contributions. ProAssurance specializes in healthcare professional liability, products liability for medical technology and life sciences, legal professional liability, and workers' compensation insurance. We are an industry-leading specialty insurer, with in-office, hybrid, and remote job opportunities in much of the contiguous United States.

This position supports our medical professional liability line of business and can be fully remote.

Candidates must have medical professional liability underwriting experience with a specialty in hospitals for full consideration.

We may consider filling the position at a Senior level depending upon candidate qualifications.

The primary responsibility of the Underwriter is to use underwriting authority to develop and build external relationships to write profitable new business and retain existing policyholders in an assigned territory and/or with assigned brokers. This underwriter will solicit, examine, accept, and reject insurance risks based on underwriting guidelines. This role will follow the underwriting authority granted them by the Vice President, Specialty Underwriting. This position will classify and price acceptable accounts to meet underwriting profit goals and expense objectives; establish and build relationships with brokers and agents in an assigned territory; and monitor, analyze and report on the quantity and quality of assigned book of business.

What you'll do

70% - Underwriting and Underwriting Profitability:

• Underwrite new and renewal submissions, with considerable focus upon facility-based accounts. Pursue new business opportunities while managing existing book of renewal business. Consult Senior Underwriter on more complex accounts. Create terms and conditions for each applicant based on underwriting guidelines, program rates and coverage forms and authority level. Work closely with and collaborate with colleagues in all disciplines including Actuarial, Claims, and Risk. Adhere to Letter of Authority without exception. May work with both admitted and non-admitted business.

15% - Relationship and Distribution Management:

• Support business opportunities in preferred classes of business through target accounts and brokers in all market segments. Arrange and conduct meetings with brokers/agents, and insureds/prospects to discuss terms and conditions, exposures, claims and related concerns. Participate in renewal meetings.

10% - Policy and Procedures, and Compliance:

• Document files and ensure compliance and audit-worthiness. Participate in committee and department meetings.

5% - Innovation and Product Development:

• Keeps educated on evolving risks, and exposures. Engages others about ways to improve the service and/or products that we provide. Encourages others, at all levels, to offer ideas and take initiative to vet those ideas.

What we're looking for

• Bachelor’s degree required with a preference for study in Insurance, Risk Management, Business Administration, or another business-related field.
• Minimum of at least 5 years healthcare professional liability underwriting experience, with at least 2 years of specialty (hospitals, senior care, etc) underwriting.
• CPCU, AIC or ARM highly desired.
• Understanding of insurance and medical terminology, and insurance and underwriting principles required.
• Previous professional liability experience.
• Proficiency with Microsoft Office Suite.
• Proven self-starter with strong multi-tasking and relationship management skills.
• Excellent organizational and interpersonal skills; ability to work well within a team environment.
• Self-motivated and able to accomplish multiple tasks in a timely manner.
• Accomplished written and verbal communication skills, strong negotiation skills.
• Able to make sound decisions and devise appropriate solutions.
• Able to review the work of others, provide feedback and approve other underwriters’ quotations.
• Excellent listening, speaking, writing and presentation skills. Ability to process information logically.
• Meets work deadlines, excellent desk management skills.
• Solid knowledge of rating and documentation management and workflow systems.
• Able to create, build and develop relationships with agencies and internal colleagues.
• Up to 5% travel.

#LI-Remote

We are committed to providing a dynamic and inclusive environment where everyone can do their best work and grow personally and professionally.

For that reason, we partner with The Predictive Index (PI) – an organization equally committed to improving the working lives of people, to help us hire the best talent by providing additional insight about one’s work style.

The position you applied to requires completion of two assessments prior to being scheduled to interview with a hiring manager. Completion of the assessments is not required in order for your application to be reviewed and to speak with a Talent Acquisition team member. These assessments are Behavioral and Cognitive (internal candidates will only receive the Behavioral assessment), and each assessment takes less than 12 minutes to complete.

After submitting your application, you will receive two emails from The Predictive Index inviting you to complete each of these assessments (please check your SPAM or Junk email folder if you do not see these emails in your inbox).

Position Salary Range

$64,930.00 - $107,146.00

The salary range displayed represents the entirety of the pay grade for this position. Most candidates will start in the bottom half of the range. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have, your location and comparison to other team members already in this role.

Build your career with us and enjoy access to a best-in-class benefits program.

ProAssurance's family of companies has a unique and unwavering focus on our team members. We strive to achieve best-in-the-world status by attracting, hiring, and retaining top industry talent. We work together within our integrated family of companies, no matter the line of business, department or location. We ask, listen and respond to what matters most to team members.

We thank you for your interest in career opportunities with ProAssurance!