AVP/VP Underwriter - Lawyers E&O
Core Specialty Insurance Services See More Job Openings by This Employer
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Examination & analyzing of submissions forwarded to Core Specialty by our brokers to determine if the risk is a targeted class of business and subsequently to determine appropriate limits, pricing & terms that will provide Core Specialty with adequate underwriting profit on each risk. This business unit provides Commercial Errors & Omissions Liability products and services for small and medium sized businesses and professionals. This role will focus on our Lawyers business.
Key Accountabilities/Deliverables:
Execution of E&O business plans and objectives including:
Build Core Specialty’s reputation and presence in the professional liability market
Provide prompt and accurate customer service on policy transactions
Ensure all risks considered and bound are within delegated authority, underwriting standards, risk selection, peer review and pricing methodologies
Provide documented evidence of underwriting activities and decisions in files as
Support Company and Department goals and objectives
Build Core Specialty’s relationships with our broker partners
In addition to the above key responsibilities, you may be required to undertake other duties from time to time as the Company may reasonably require.
Carry out duties within our internal policies and procedures in accordance with applicable law, rules, regulation, good governance and Core Specialty’s shared values, including putting clients at the heart of our business.
Technical Knowledge and Understanding:
Strong knowledge of E&O underwriting industry including strong experience with Lawyers E&O business.
Knowledge of E&O underwriting practices, coverage & pricing/rating methodologies with the ability to manuscript policy language.
Strong knowledge of producer & competitor marketplace
Strong knowledge of targeted industries
Strong knowledge of insurance company operations
Solid understanding of policy wordings and clauses
Up-to-date knowledge of the insurance market environment
Experience:
7+ years in the E&O marketplace with a focus on Lawyers E&O business.
Experience working with support services, including IT, claims, actuarial and operations
Strong Proficiency with Microsoft Office products (Excel, Word, PowerPoint)
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa for this position.
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At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program
