Underwriter I

Philadelphia Insurance Companies; Bala Cynwyd (PA); On-site; USD 55,000 - 75,000; Full time

Benefits offered by this job

Tuition reimbursement

401K match

Job summary

Philadelphia Insurance Companies in Bala Cynwyd, PA is seeking an Underwriter I to evaluate property/casualty insurance applications, determine acceptability and pricing, and support risk decisions.

The role involves staying current with product lines, markets, and loss history, collaborating with underwriters, and building agency relationships across assigned territory. A college degree or equivalent experience is preferred.

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.

Responsibilities

• Evaluates property & casualty applications to determine risk, accepts or rejects, and sets pricing.
• Maintains familiarity with products, markets, and target segments.
• Keeps informed on loss history, trends, and legal/economic factors affecting P&C.
• Communicates effectively with underwriting and support areas to meet needs.
• May accompany senior underwriter or marketing representative on appointments in territory.
• May develop and maintain relationships with agency representatives.

Skills

Underwriting

Attention to detail

Analytical

People skills

Agency relationships

Agribusiness coverage

Education

College degree or equivalent experience

Job description

Marketing StatementPhiladelphia 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.

DescriptionJob Description
Marketing StatementPhiladelphia 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!

SummaryEvaluates 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 StatementTokio 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.

BenefitsWe offer a comprehensive benefit package, which includes tuition reimbursement and a generous 401K match. Our rich history of outstanding results and growth allow us to focus our business plan on continued growth, new products, people development and internal career opportunities. If you enjoy working in a fast paced work environment with growth potential please apply online.

Additional information on Volunteer Benefits, Paid Vacation, Medical Benefits, Educational Incentives, Family Friendly Benefits and Investment Incentives can be found at https //www.phly.com/Careers/default.aspx