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Intact Insurance Specialty Solutions · 17 hours ago

Underwriting Consultant - Ocean Cargo (Hybrid or Remote)

United States

Full-time

Hybrid

Senior Level

$150K/yr - $199K/yr

7+ years exp

Intact Insurance Specialty Solutions is a leader in the specialty insurance market, offering customized solutions for unique business needs. The Underwriting Consultant will manage complex Ocean Cargo underwriting, maximizing profitable business opportunities and developing strong relationships with producers to achieve growth and profitability goals.

FinanceFinancial ServicesInsurance

Growth Opportunities

Responsibilities

Maximizes opportunities for underwriting profitable new and renewal business, as appropriate based on market conditions, by leveraging business relationships, product knowledge and underwriting acumen. Develops and maintains an active target account list tracking prospects and account rounding and/or missed opportunities. Manages financial performance of all assigned products in assigned territory including accident year loss ratio, premium plans (including new business, retention, and rate/exposure increases), and commission targets

Underwrites a book of business. Manages underwriting quality and book management. Executes underwriting strategy, including portfolio management, self-audits of new and renewal business and well documented approvals of underwriting edits. Ensures compliance with standards and assigned underwriting authorities

Demonstrates a strong understanding of exposures and key coverage issues. Makes underwriting decisions to accept, decline, or modify risks within the highest production underwriter authority levels. Implements underwriting decisions in compliance with state laws

Develops superior working relationships with producers to successfully promote achievement of mutual growth and profitability goals and to supply the appropriate products and services. From a sales perspective, has the ability to identify gaps in coverage and/or services, understands where the company can make a difference based on those gaps and uses that information to help retain or obtain a customer. Works closely with and establishes strong business partnerships with other departments, including claims, actuary, and risk control staff in an effort to better service producers and accounts

Regularly travels to key producers/accounts and remains highly visible in the marketplace. Anticipates the needs of the agency plant, analyzes trends, and implements proactive strategies that best position the business. Understands and communicates the company’s underwriting appetite and generates qualified business in support of that appetite. Monitors agency action plans and participates in agency planning and marketing meetings to best position the business for the future

Gathers and analyzes competitor information and producer specific reports on assigned producers’ new business flow, retention, profitability and potential, to support territorial rate reviews. Works with other underwriting staff to determine and make recommendations for marketing, pricing, products and systems

Maintains a strong professional knowledge of competitive, regulatory and legal environments and applies this information effectively. Responds to requests for assistance or consultation from other company businesses or home office staff and may participate on related projects and committees as a subject matter expert. May participate in industry events as a subject matter expert and representative of the company

Mentors and coaches less experienced underwriters. Develops and leads technical training and provides guidance to other departments within the company, as needed