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Tokio Marine America · 3 days ago

Property Product UW Specialist ll- Hybrid, Jersey City, NJ

Jersey City, NJ

Full-time

Hybrid

Mid, Senior Level

$100K/yr - $130K/yr

5+ years exp

Tokio Marine America has been a longstanding player in the U.S. insurance market, providing various commercial property and casualty insurance products. The Property Product UW Specialist II will assist in developing and managing underwriting, pricing, and product strategies to meet client needs and enhance company revenues.

Financial ServicesInsurance

Comp. & Benefits

Responsibilities

Assist management in the assessment of the portfolio to ensure profitability

Monitors rate adequacy, works with the Actuarial team on profitability analysis, pricing of new coverages and products and assists 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

Provides general expertise to TMA Field Underwriting on rate, rule and form issues

Collaborates with the Exposure Management team on catastrophe data, modeling and reports, assisting the Product Managers with treaty data and working with Field Underwriting business segments

Conduct Underwriting Reviews of Field Business Segments and supports internal audits and Market Conduct exams

Collaborates and maintains 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

Assists the CUW and TMA Executive leadership in initiatives, projects and general areas for assigned lines

Designs and supports training as needed

Collaborates, designs, reviews and/or recommends 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

Qualification

UnderwritingPricing strategyProduct developmentCPCU certificationISO knowledgeActuarial collaborationTeam participationComputer skillsCommunication skills