About the position
Tokio Marine is seeking to add to our team of Corporate Underwriting experts. We are seeking individuals who committed to a diverse and collaborative culture, who will work towards developing innovative solutions for our customers, business units, and clients. Assisting Corporate Underwriting (CUW) Property Product staff in developing, managing and/or updating underwriting, pricing and product strategy that positions Tokio Marine to meet clients' needs, build company revenues and achieve our corporate profit and return on risk objectives. As a Property Products Specialist II, you will be a member of the Corporate Underwriting team and will work with the property staff on specific assigned property lines of business to promote profitable growth. The Corporate Underwriting team is responsible for product development, risk management, underwriting governance and compliance strategies that conform to our risk appetite. In this position, you will participate in developing guidelines, processes, products, rates, rules, tools and controls that business segments will utilize in their day-to-day decisions. You will conduct ongoing analysis, monitor results and communicate those results to key distribution and underwriting partners. Collaborating with others to share product performance will be key to success. You will be responsible for developing and managing underwriting, pricing and product strategy that positions Tokio Marine to meet clients' needs, build company revenues and achieve our corporate objectives. This includes the development and execution of lines of business strategies, growth and enhancing the underwriting expertise within the company.
Responsibilities
- Assist management in the assessment of the portfolio to ensure profitability
- Monitor rate adequacy, work with the Actuarial team on profitability analysis, pricing of new coverages and products and assist in the development of a pricing strategy
- Participate in product development including associated pricing and underwriting tools and reviewing policy forms with Claims and Legal
- Development of Underwriting guidelines and rules for execution by Field Underwriting
- Provide general expertise to TMA Field Underwriting on rate, rule and form issues
- Collaborate with the Exposure Management team on catastrophe data, modeling and reports, assist the Product Managers with treaty data and work with Field Underwriting business segments
- Conduct Underwriting Reviews of Field Business Segments and support internal audits and Market Conduct exams
- Collaborate and maintain strong relationships with all internal departments
- Collaborate in the implementation of compliance specifications including the development of tools and resources necessary to maintain compliance requirements
- Assist the CUW and TMA Executive leadership in initiatives, projects and general areas for assigned lines
- Design and support training as needed
- Collaborate, design, review and/or recommend policies, procedure and technology to improve operational efficiency, underwriting profitability and regulatory compliance
- Responsible for complying with proper internal controls as necessary to conduct job functions and/or carry out responsibilities and/or administrative activities at Company
Requirements
- College Degree preferred
- CPCU or equivalent professional designation preferred
- Minimum of 5 years experience in the insurance industry
- Experience in Underwriting preferred
- Knowledge of ISO, AAIS, NCCI and independent state bureau requirements
- Experience with Underwriting Audits preferred
- Proficient in the use of computer systems and technology, including the Microsoft Office suite of programs
- Excellent verbal and written communication skills
- Strong collaborative skills and the ability to work effectively in a team environment
Benefits
- Comprehensive benefit package
- Generous 401K match
- Competitive benefits package and bonus eligibility on top of base
