James River Management Company
Underwriting Specialist (Excess Casualty)
James River Management Company, Scottsdale, Arizona, us, 85261
Underwriting Specialist (Excess Casualty)
Alpharetta, GA, USA * Raleigh, NC, USA * Richmond, VA, USA * Scottsdale, AZ, USA * VirtualReq #100
Monday, May 13, 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.Underwriting Specialist -Job Summary:The Underwriting Specialist serves as the technical expert in a designated coverage, product or product line, mentoring and training less experienced staff. Selects, reviews, models, analyzes and underwrites the most 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 management team 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 ServiceServe as the subject matter expert in a segment of the division's product lineHandle most complex accounts, accurately assessing ineligible verses eligible accounts by using sound decision making and working within assigned underwriting authorityAnalyze new business opportunities and develop renewal strategiesAttain quote, premium and division goals as assignedDevelop and maintain strong relationships with brokersUse critical thinking and problem-solving skills to negotiate with brokers on placementsTravel to meet with brokers within assigned territory as requiredIn coordination with the management team, participate in the development and execution of annual business plans for the division to include a profitable underwriting strategyAssist the management team with training, mentoring and on-boarding of new employeesAssist the management team with writing and refining Underwriting and Pricing Guidelines in response to market conditionsAssist the management team in new product development efforts to include initiation, research and implementations of new products as well as product/process enhancementsMay act as first point of referral on accounts that fall outside of individual underwriter authorityMay assist management team in conducting audit of files to ensure practices are implemented consistentlyOther special projects/duties as assigned
Knowledge, Skills and Abilities:Ability to effectively and properly select, evaluate, model, determine coverage, rate, document, quote and bind accountsAbility to effectively assess riskSolid knowledge of pricing and rating techniques as well as loss sensitive programsExtensive knowledge of forms and coveragesThorough understanding of key exposuresThorough understanding of facultative reinsurance to include knowledge of the available facultative markets and pricingAbility to work independently and in a team environment to complete assignments within the parameters of instructions provided, prescribed processes and standard accepted underwriting practicesUnderstanding of current market conditions, trends in competition and new product developmentAbility to mentor and train othersExcellent verbal and written communication skillsHigh degree of personal initiative and self-motivationProven problem solving and decision-making skillsStrong negotiation skillsAbility to effectively prioritize a high volume of workSolid customer service and relationship building skillsProficiency in MS Office (Word, Excel, Outlook) and Internet researching
Experience and Education:15+ years industry experience, 10+ years in Excess and Surplus lines with specialized coverage and product knowledgeBachelor's Degree or equivalent work experienceSpecific experience in marketing and underwriting of the division related productsProfessional designation is preferred
LI-CM1#LI-RemoteOther detailsJob FamilyUnderwriting
Job Sub FamilyOperations
Pay TypeSalary
Travel RequiredYes
Required EducationBachelor's Degree
Job Start DateMonday, May 13, 2024
Apply Now
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Alpharetta, GA, USA * Raleigh, NC, USA * Richmond, VA, USA * Scottsdale, AZ, USA * VirtualReq #100
Monday, May 13, 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.Underwriting Specialist -Job Summary:The Underwriting Specialist serves as the technical expert in a designated coverage, product or product line, mentoring and training less experienced staff. Selects, reviews, models, analyzes and underwrites the most 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 management team 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 ServiceServe as the subject matter expert in a segment of the division's product lineHandle most complex accounts, accurately assessing ineligible verses eligible accounts by using sound decision making and working within assigned underwriting authorityAnalyze new business opportunities and develop renewal strategiesAttain quote, premium and division goals as assignedDevelop and maintain strong relationships with brokersUse critical thinking and problem-solving skills to negotiate with brokers on placementsTravel to meet with brokers within assigned territory as requiredIn coordination with the management team, participate in the development and execution of annual business plans for the division to include a profitable underwriting strategyAssist the management team with training, mentoring and on-boarding of new employeesAssist the management team with writing and refining Underwriting and Pricing Guidelines in response to market conditionsAssist the management team in new product development efforts to include initiation, research and implementations of new products as well as product/process enhancementsMay act as first point of referral on accounts that fall outside of individual underwriter authorityMay assist management team in conducting audit of files to ensure practices are implemented consistentlyOther special projects/duties as assigned
Knowledge, Skills and Abilities:Ability to effectively and properly select, evaluate, model, determine coverage, rate, document, quote and bind accountsAbility to effectively assess riskSolid knowledge of pricing and rating techniques as well as loss sensitive programsExtensive knowledge of forms and coveragesThorough understanding of key exposuresThorough understanding of facultative reinsurance to include knowledge of the available facultative markets and pricingAbility to work independently and in a team environment to complete assignments within the parameters of instructions provided, prescribed processes and standard accepted underwriting practicesUnderstanding of current market conditions, trends in competition and new product developmentAbility to mentor and train othersExcellent verbal and written communication skillsHigh degree of personal initiative and self-motivationProven problem solving and decision-making skillsStrong negotiation skillsAbility to effectively prioritize a high volume of workSolid customer service and relationship building skillsProficiency in MS Office (Word, Excel, Outlook) and Internet researching
Experience and Education:15+ years industry experience, 10+ years in Excess and Surplus lines with specialized coverage and product knowledgeBachelor's Degree or equivalent work experienceSpecific experience in marketing and underwriting of the division related productsProfessional designation is preferred
LI-CM1#LI-RemoteOther detailsJob FamilyUnderwriting
Job Sub FamilyOperations
Pay TypeSalary
Travel RequiredYes
Required EducationBachelor's Degree
Job Start DateMonday, May 13, 2024
Apply Now
Share this job: