Production Underwriter- Ocean Marine

Tokio Marine America; Pasadena (CA); On-site; USD 109,000 - 150,000; Full time

Benefits offered by this job

401(k) matching

Medical benefits

Maternity/paternity leave

Tuition assistance

Job summary

A leading insurance provider in Pasadena, California, is seeking a professional with a minimum of 5 years of marine underwriting experience. Responsibilities include managing producer relationships, performing marketing duties, and servicing a designated book of business. The candidate should possess strong communication skills and familiarity with Microsoft Office. The salary range for this position is $109,000 to $150,000, alongside a comprehensive benefits package including a 401(k) match and tuition assistance.

Qualifications

• Minimum of 5 years of ocean or inland marine underwriting experience preferred.
• Good oral and written communication skills.
• Ability to innovate and apply new ideas.
• Familiarity with Microsoft Office products (Excel, Word, and Outlook).

Responsibilities

• Initiate and manage relationships with producers fitting guidelines.
• Perform marketing duties and establish production goals by producer.
• Produce new business and renew existing portfolio as planned.
• Achieve plan loss ratio based on underwriting guidelines.
• Service designated book of business within underwriting guidelines.

Skills

Oral communication

Written communication

Innovation

Familiarity with Microsoft Office

Job description

Overview

Tokio Marine has been conducting business in the U.S. market for over a century and is licensed in all states, Puerto Republic and the District of Columbia. The company provides comprehensive commercial property and casualty insurance, risk‑management tools, and timely claims settlement, serving the world’s largest and most distinguished organizations.

Primary Job Duties

• Initiate and manage relationships with producers who fit Tokio Marine guidelines.
• Perform all marketing duties for respective producers, including in‑person visits, and establish production goals by producer. Monitor results and adjust goals to ensure production objectives are met.
• Produce new business and renew existing portfolio in accordance with plan.
• Achieve plan loss ratio by determining acceptability of risk based on underwriting guidelines and sound judgment.
• Work within established workflows to meet regional time‑service goals.
• Service designated book of business within company’s underwriting guidelines.
• Evaluate reviews and make corrective actions on existing accounts, including midterm reviews as necessary.
• Make recommendations on risks that exceed letter of authority using established referral procedures.
• Control new business, renewals, endorsements so that all related handling is processed timely and accurately. Gather and evaluate information to determine acceptability of new accounts.
• Issue quotations, policies, and endorsements.
• Issue new business and cancellation/non-renewal notices.
• Recommend and place proper reinsurance (including facultative) when necessary and authorized.
• Promote activities between the Marine Department, AEOs, and producers to maximize renewals and new opportunities. Maintain good communications and relations with all AEOs, producers, and clients.
• Assist corporate reinsurance, accounting, and claims on problems as they arise.
• Assist in the training of other staff members.
• Prioritize and delegate work to meet departmental deadlines. Review previously performed work for quality, as necessary.
• Adhere to department goals and objectives. Assist accounting in the timely collection of overdue premiums, keeping 90‑day overdue premiums at a minimum.
• Assist junior members of staff in the timely collection of overdue premium reports.
• Reduce administration level within all areas of the department.
• Create new business ideas and systems to achieve overall departmental business plan.
• Responsible for complying with proper internal controls as necessary to conduct job functions and/or carry out responsibilities and/or administrative activities at the company.

Qualifications

• Minimum of 5 years of ocean or inland marine underwriting experience preferred.
• Good oral and written communication skills.
• Ability to innovate and apply new ideas.
• Familiarity with Microsoft Office products (Excel, Word, and Outlook).
• Participation in insurance related courses.

Salary & Benefits

Salary range: $109,000 to $150,000. The ultimate salary offered will be based on factors such as applicant experience and geographic location. The company offers a competitive benefits package and bonus eligibility on top of base salary.

The company offers a comprehensive benefit package, which includes a generous 401(k) match and other benefits such as medical, vision, maternity/paternity leave, pension plan, and tuition assistance.

EEO Statement

Tokio Marine Management is an Equal Opportunity Employer. In order to remain competitive we must attract, develop, motivate, and retain the most qualified employees regardless of age, color, race, religion, gender, disability, national or ethnic origin, family circumstances, life experiences, marital status, military status, or sexual orientation.