Underwriter I

Maguire Insurance Agency Inc; Bala Cynwyd (PA); On-site; USD 55,000 - 75,000; Full time

Job summary

Philadelphia Insurance Companies, a Tokio Marine Group member, seeks an Underwriter I to join our underwriting team. This role evaluates property & casualty applications to determine risk and pricing and supports agency relationships.

The ideal candidate has 2–5 years of underwriting experience, preferably with agribusiness coverage. A college degree is preferred but not required; you should be detail‑oriented, analytical, and able to work with colleagues across support areas.

Qualifications

• 2–5 years of underwriting experience.
• Agribusiness coverage experience a plus.
• College degree or equivalent experience preferred but not required.
• Must have attention-to-detail skills and possess a strong degree of organization.
• Must be analytical, results-oriented, and possess a strong sense of urgency.
• Must have good people and agency relationship building skills.

Responsibilities

• Evaluates property & casualty insurance applications to determine the risk involved and pricing.
• Assists in determining acceptability, conditions and pricing of risks.
• Maintains familiarity with products, services, priorities and target markets in property & casualty.
• Maintains familiarity with loss experience and business conditions of key accounts; monitors trends.
• Communicates with underwriting and support areas to meet customer needs.
• May accompany senior underwriter or marketing representative on appointments in territory and develop agency relationships.

Skills

Underwriting

Attention to detail

Analytical thinking

People skills

Education

College Degree or equivalent experience

Job description

Marketing Statement: Philadelphia Insurance Companies, a member of the Tokio Marine Group, designs, markets and underwrites commercial property/casualty and professional liability insurance products for select industries. We have been in operation since 1962 and are nationally recognized as a member of Ward's Top 50 and rated A++ by A.M.Best. We are looking for a Underwriter I to join our Underwriting team!

Summary: Evaluates property & casualty insurance applications to determine the risk involved: decides to accept or reject the application; determines appropriate premium. A typical day will include the following: Assists in determining the acceptability, conditions and pricing of specific property & casualty insurance risks and associated coverage Maintains familiarity with the products, services, priorities and target markets in the property & casualty line of business or insurance segment. Maintains familiarity with the loss experience and business conditions of key accounts as well as loss trends and any major legal or economic factors affecting the property & casualty line of business. Communicates effectively with colleagues in underwriting and all support areas in order to meet the property & casualty insurance needs of customers. May accompany senior underwriter or marketing representative on appointments in assigned territory and industry events. May develop and maintain relationships with agency representatives.

Qualifications

• Two to five years of experience in underwriting
• Agribusiness coverage experience a plus
• College Degree or equivalent experience preferred but not required
• Must have attention-to-detail skills and possess a strong degree of organization
• Must be analytical, results-oriented, and possess a strong sense of urgency
• Must have good people and agency relationship building skills

EEO Statement: Tokio Marine Group of Companies (including, but not limited to the Philadelphia Insurance Companies, Tokio Marine America, Inc., TMNA Services, LLC, TM Claims Service, Inc. and First Insurance Company of Hawaii, Ltd.) 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, sexual orientation and/or any other status protected by law.

Benefits

• We offer a comprehensive benefit package, which includes tuition reimbursement and a generous 401K match.
• Volunteer Benefits
• Paid Vacation
• Medical Benefits
• Educational Incentives
• Family Friendly Benefits
• Investment Incentives

"PHLY delivers comprehensive insurance coverage and risk management expertise in over 120 specialized business markets across the country. For over 60 years, we've focused on delivering unsurpassed customer service to our policyholders, agents, and broker partners. Headquartered just outside of Philadelphia and with more than 2,000 employees strategically located across the U.S., we consistently provide value-added coverages and services to customers. Our commitment to unsurpassed customer service, industry-leading financial strength, and talented employees help set us apart from other companies. PHLY is also a proud a member of the Tokio Marine Group, one of the largest global insurance groups in the world and a top 20 P/C carrier in the U.S.* *Based on a June 2022 AM Best Report on net written premium"