Boston, MA
48 days ago
Executive Underwriter, Financial Lines

The Executive Underwriter’s primary responsibility is to underwrite individual risks of public companies to provide Director & Officers Liability, Employment Practices Liability, Fiduciary Liability, and other insurances. The individual will underwrite risks through a demonstration of the following skills and abilities: 

Fundamentals of coverage, terms, and conditions Ability to offer coverage, terms and conditions which generate a profit for the Company while meeting the customer's needs.  Risk Assessment Ability to identify risk exposures, special or common hazards, and appropriate controls.  Ability to select risk based on exposure and risk analysis.  Conduct exploratory research into customers’ operations and industries. Ability to analyze claims and quantify losses.  Financial proficiency Understanding of financial statements and ratios used in risk analysis.  Understanding insurance financial fundamentals and the impact of underwriting decisions on company assets.  Ability to understand credit risks, including credit metrics and debt covenants.  Marketing and Communications Ability to sell and negotiate to achieve bottom-line profitability for the Company. Ability to make presentations and communicate articulately.  Ability to base communications on strategic thinking.  Ability to manage producer strategy.  Systems and programs Ability to use systems and software programs needed to conduct daily business. 

MAJOR DUTIES & RESPONSIBILITIES: Duties may include but are not limited to: 

Solicits new and renewal submissions from brokers  Determines terms and conditions and complex rating plans Binds coverage  Documents the underwriting files  Handles more complex files and portfolios within underwriting authority  Develops current and new relationships with local brokers Knowledge of the insurance industry Proven broker relationships Knowledge of underwriting concepts, practices, and procedures Microsoft Word, Excel, and Outlook Oral and written communication skills Negotiation and marketing skills 5-7 years of Underwriting experience or related experienceCollege Degree or related experience
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