Genesis Resources
MM P&C - Los Angeles
Genesis Resources, Los Angeles, California, United States, 90079
Responsibilities:
Manage assigned broker portfolio of accounts to achieve efficient returns of profitability and growthUnderwrite new and renewal accounts to meet top and bottom line targetsNegotiate price and terms and conditions with producersProactively manage capacityUnderwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios (for relevant LoBs)Specialist / Technical Expert in Product Line within Middle Market BusinessUnderwrite International Insurance Programs (for relevant LoBs)Underwrite in line with LoB governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and PrinciplesEnsure placing and binding of FAC Reinsurance prior to policy inceptionFile maintenance - ensure file is established (whether electronic or paper) and maintained for each risk and transaction handledProactively develop relationships with brokers and agents assigned within the territory to either pursue new business acquisition and / or large renewal retentionAcquisition of new business and retention of existing business including client and broker negotiationsTraining, developing and coaching of less experienced staff (including Underwriters)Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriateDelegate work as appropriateProactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, OperationsDevelop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)Skills:
Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to LoBPricing and Market Mgt: Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needsContract Drafting and Interpretation: Design, develop and implement consistent, robust wordingsPolicy Management: Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation.Communication skills: Clearly and effectively express ideas and messages via speech or writing.Influencing Skills: Ability to persuade and motivate others to act, without executive authorityAnalytical Skills: Ability to effectively absorb information from various sources, then analyze, study or examine data in detail, and draw appropriate conclusions.IT Skills (Office applications): Use general office application tools e.g. Power Point, Excel, Word.Requirements:
A minimum of 4+ years or Commercial Property & Casualty Underwriting experience. Middle Market experience is preferredRecognized established relationships with brokers at peer group level and within marketSpecialized understanding of regional / local insurance markets and competitor landscapeGood understanding of legal and regulatory frameworkUndergraduate degree required. Economics, Finance, Insurance Management, or Business Administration is preferredCompletion of professional insurance qualification (e.g. CPCU) is preferred
Manage assigned broker portfolio of accounts to achieve efficient returns of profitability and growthUnderwrite new and renewal accounts to meet top and bottom line targetsNegotiate price and terms and conditions with producersProactively manage capacityUnderwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios (for relevant LoBs)Specialist / Technical Expert in Product Line within Middle Market BusinessUnderwrite International Insurance Programs (for relevant LoBs)Underwrite in line with LoB governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and PrinciplesEnsure placing and binding of FAC Reinsurance prior to policy inceptionFile maintenance - ensure file is established (whether electronic or paper) and maintained for each risk and transaction handledProactively develop relationships with brokers and agents assigned within the territory to either pursue new business acquisition and / or large renewal retentionAcquisition of new business and retention of existing business including client and broker negotiationsTraining, developing and coaching of less experienced staff (including Underwriters)Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriateDelegate work as appropriateProactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, OperationsDevelop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)Skills:
Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to LoBPricing and Market Mgt: Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needsContract Drafting and Interpretation: Design, develop and implement consistent, robust wordingsPolicy Management: Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation.Communication skills: Clearly and effectively express ideas and messages via speech or writing.Influencing Skills: Ability to persuade and motivate others to act, without executive authorityAnalytical Skills: Ability to effectively absorb information from various sources, then analyze, study or examine data in detail, and draw appropriate conclusions.IT Skills (Office applications): Use general office application tools e.g. Power Point, Excel, Word.Requirements:
A minimum of 4+ years or Commercial Property & Casualty Underwriting experience. Middle Market experience is preferredRecognized established relationships with brokers at peer group level and within marketSpecialized understanding of regional / local insurance markets and competitor landscapeGood understanding of legal and regulatory frameworkUndergraduate degree required. Economics, Finance, Insurance Management, or Business Administration is preferredCompletion of professional insurance qualification (e.g. CPCU) is preferred