Misc Med Underwriter - Medical Professional Liability

ProAssurance; Birmingham (AL); Remote; USD 64,000 - 108,000; Full time

Job summary

ProAssurance is seeking an Underwriter to enhance our medical professional liability line. This role involves developing relationships, underwriting new business, and managing existing policyholders. Candidates should have substantial experience in healthcare insurance and a strong educational background. Join a firm committed to integrity and professional growth.

Benefits

Best-in-class benefits program

Dynamic and inclusive work environment

Qualifications

• 5+ years healthcare professional liability underwriting experience required.
• CPCU, AIC or ARM highly desired.
• Understanding of insurance and medical terminology essential.

Responsibilities

• Underwrite new and renewal submissions for profitable business.
• Manage existing book of renewal with a focus on relationships.
• Ensure compliance and documentation for quality governance.

Skills

Relationship management

Multi-tasking

Negotiation

Organization

Communication

Education

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

Tools

Microsoft Office Suite

Job description

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 job opportunities in much of the contiguous United States. This position supports our medical professional liability line of business and we are flexible regarding location in the contiguous US.

For full consideration candidates should have medical professional liability experience.

Job Summary:

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 other 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 principlesrequired
• Previous professional liability experience
• Proficiency with Microsoft OfficeSuite
• Proven self-starter with strong multi-tasking and relationship management skills.
• Excellent organizational and interpersonal skills; ability to work well within a teamenvironment
• Self-motivated and able to accomplish multiple tasks in a timelymanner
• Accomplished written and verbal communicationskills; 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. A Talent Acquisition team member may review your application and contact you before the assessment is complete. 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 - $107,146.00The 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.