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James River Management Company

Underwriter (Manufacturers & Contractors)

James River Management Company, Scottsdale, Arizona, us, 85261


Underwriter (Manufacturers & Contractors)

Scottsdale, AZ, USA * VirtualReq #186

Thursday, October 10, 2024

Come grow with James River Insurance!

James River Insurance is an excess and surplus lines segment of James River Group Holdings, Ltd. and operates on an approved non-admitted basis in 50 states and Washington, DC. Since 2003, James River has provided thousands of commercial property and casualty customers with innovative and creative solutions for particular insurance needs.

At James River Insurance, we are committed to providing a stable and rewarding work environment supported by our Core Values and Guiding Principles: Integrity, Accountability, Innovation, Customer Service, Communication, and Teamwork. We are proud of our recent national recognition as a 2023, 2022, and 2021 Top Workplaces USA awards.

James River Group Holdings, Ltd. is a Bermuda-based insurance holding company which owns and operates a group of specialty insurance and reinsurance companies. The Company operates in two specialty property and casualty insurance segments: Excess and Surplus Lines and Specialty Admitted Insurance. The Company tends to focus on accounts associated with small or medium-sized businesses in each of its segments. Each of the Company's regulated insurance subsidiaries are rated "A-" (Excellent) by A.M. Best Company.

Job Summary

The Senior Underwriter is responsible for selecting, reviewing, modeling, analyzing and underwriting complex submissions within the context of applying the division's underwriting guidelines and standards. Determines the proper terms and conditions for acceptable risks including rating the account to develop the appropriate premium. Responds to brokers when particular risks do not meet underwriting guidelines and offers alternative options and cross sell other products. Provides assistance to other team members including the Division Manager in a variety of areas including referrals and identifying new opportunities.

Duties and Responsibilities

Continuously exhibit and uphold Core Values of Integrity, Accountability, Communication and Teamwork, Innovation and Customer Service

Analyze new business opportunities and develop renewal strategies

Attain quote, premium and division goals as assigned

Develop and maintain strong relationships with brokers

Use critical thinking and problem-solving skills to negotiate with brokers on placements

Assist the Underwriting Manager/Division Manager with training, mentoring, and on-boarding of new employees.

Travel to meet with brokers within assigned territory at least three times per year

Other duties as assigned

Knowledge, Skills and Abilities

Ability to effectively and properly select, evaluate, model, determine coverage, rate, document, quote and bind accounts

Ability to effectively assess risk

Excellent verbal and written communication skills

Ability to work independently or in a team environment to complete assignments

within the parameters of instructions given, prescribed processes and standard accepted underwriting practices

Solid knowledge of underwriting philosophy and techniques

Proven problem solving and decision-making skills

Strong negotiation skills

Ability to multi-task

High level of initiative and motivation

Strong work ethic with a drive to succeed

Solid customer service and relationship building skills

Proficiency in MS Office (Word, Excel, Outlook) and Internet researching

Associate Underwriter

Bachelors Degree or a minimum of 3 years of relevant work experience

Industry associated classes or courses preferred

Underwriter

Bachelors Degree or equivalent work experience

Minimum of 2 years of related underwriting experience preferably in Excess and Surplus lines

Preferably pursuing courses toward professional designations or continuing education.

Senior Underwriter

Bachelor's degree or equivalent work experience

Minimum of 5 years underwriting experience, preferably in Excess and Surplus lines

Professional designation is preferred

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Other details

Job FamilyUnderwriting

Job Sub FamilyOperations

Pay TypeSalary

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