Role Purpose

The Financial Lines Underwriter Jr. is responsible to evaluate and assess the risks associated with the various types of insurance policies and determine the terms, conditions and premiums for coverage. Analyze and review applications, financial statements and other relevant documents to determine the potencial risks and exposure for the insurance company. 

Key Responsibilities

Subscribe business in accordance with corporate guidelines, analyzing information provided by agents or brokers to establish the best conditions of assurance caring profitability. Negotiate deals with insurance brokers and/or agents and timely responds to quotation requests or inquiries. Engage with internal and external brokers and customers, as well as business underwriter and top management. Visit insurance producers at regular intervals to attract clients.  Create specialized endorsements requested by insurance producers or businesses. Analyze and handle new business received through brokers and renewal accounts, maintaining list of accounts handled each month. Manage new insurance policy wordings requirements for the review of the Insurance Commissioner in Puerto Rico for approval.  Ability to sell and negotiate to achieve bottom line profitability for the Company. Ability to make presentations and communicate articulately.  Perform specials projects and other related duties as assigned.

Requirements

Bacherlor’s Degree in Business Administration or Finance. Strong analytical decision making and problem-solving skills. Ability to plan, organize and prioritize while working in a constant changing environment.  Demonstrate flexibility and adaptability to work in a fast moving and challenging environment. Proficient in MS (Word, Excel and Power Point). Strong skills of database applications related to claims services. Advanced knowledge of the structure and content of the English and Spanish Language.

Experience

Two (2) to three (3) years of previous experience in all major aspects of the claims adjustments process in Financial Lines, preferable.