Underwriter II - Seneca Custom Property, Philadelphia Profit Center

Crum & Forster; Mead (CO); Hybrid; USD 82,000 - 122,000; Full time

Job summary

Crum & Forster is seeking a Custom Property Underwriter II to join their team. This role involves reviewing submissions, managing client relationships, and underwriting new business, all while adhering to company guidelines. Candidates should have 3 to 5 years of experience in property underwriting and strong communication skills. The position offers a competitive salary, generous benefits, and opportunities for professional development.

Benefits

Generous 401K match

Employee Stock Purchase Plan

Paid time off

Comprehensive benefits

Tuition reimbursement

Certifications opportunities

Qualifications

• 3 to 5 years of Property Underwriting experience.
• Experience working with wholesale brokers.
• Knowledge of market and regulatory environment.

Responsibilities

• Review submissions to determine acceptability within risk appetite.
• Manage assigned clients efficiently, including regular visits and profitability reviews.
• Underwrite new business within risk appetite.

Skills

Technical skills

Marketing skills

Communication skills

Negotiation skills

Customer service skills

Organizational skills

Education

College degree or equivalent

ARM

CPCU

MBA

Job description

Crum & Forster (C&F), with a proud history dating to 1822, provides specialty and standard commercial lines insurance products through our admitted and surplus lines insurance companies. C&F enjoys a financial strength rating of "A" (Excellent) by AM Best and is proud of our superior customer service platform. Our claims and risk engineering services are recognized as among the best in the industry.

Our most valuable asset is our people: more than 2000 employees across the United States. The company is increasingly recognized as a great place to work, earning awards including the October 2023 Great Place to Work Award for our employee-first focus and commitment to diversity, equity, and inclusion.

C&F is part of Fairfax Financial Holdings, a global organization. For more information, please visit our website.

Job Description

Custom Property – Underwriter II

Responsibilities:

• Review submissions to determine acceptability within our risk appetite, focusing on high complexity risks.
• Maintain underwriting discipline and adhere to bottom-line underwriting philosophy.
• Work within designated authority levels and seek approvals as necessary.
• Document files comprehensively, including underwriting thought processes.
• Manage assigned clients efficiently, including regular visits, quarterly profitability reviews, and identifying broker conflicts and successes.
• Assist in developing annual business goals for agents/producers.
• Analyze results and ensure accountability of agency partners.
• Prioritize service and responsiveness.
• Collaborate with other profit centers to promote consistency.
• Review renewals 90-120 days prior to expiration, determine appropriate notices, and identify risks requiring referrals.
• Present concerning renewals for referral at least 30 days before inception.
• Review modeling data for risk changes.
• Process admitted renewals through the rating system, ensuring compliance with filed rates.
• Verify claims data, subjectivities, and loss control compliance.
• Underwrite new business within risk appetite.
• Participate in training and development initiatives for underwriter trainees.
• Stay informed on market trends, competition, and industry events.
• Maintain working knowledge of other departments supporting underwriting.

Accounting and Finance:

• Understand treaty capacity (FAC RE).
• Place reinsurance according to corporate guidelines.

Requirements:

• 3 to 5 years of Property Underwriting experience.
• Experience working with wholesale brokers.
• Strong technical, marketing, communication, negotiation, customer service, and organizational skills.
• Knowledge of market and regulatory environment.
• College degree or equivalent preferred; ARM, CPCU, MBA are pluses.

Position location: Remote within the Mid Atlantic Region (NJ, DE, MD, VA, eastern PA).

What C&F offers:

• Competitive salary from $82,900 to $121,600, based on experience and market factors.
• Generous 401K match, Employee Stock Purchase Plan, paid time off, and comprehensive benefits.
• Opportunities for professional development, including tuition reimbursement and certifications.
• Engaging work environment with social responsibility initiatives.