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Product Liability Underwriter in Cincinnati, OH at Tokio Marine HCC

Date Posted: 9/12/2018

Job Snapshot

Job Description

Tokio Marine HCC – Casualty Group, a member of Tokio Marine HCC group of companies has an exciting opportunity for a Product Liability Underwriter in our office located in Cincinnati, OH



Position Summary: 

Under supervision, reviews insurance applications to evaluate, classify, and rate each risk to determine acceptability, coverage, and pricing. Establishes, maintains and develops agency and/or broker relationships. Position has defined underwriting authority and business development responsibility. Provides underwriting in single or multiple areas of liability, property, or special contingency coverage. 



Key Responsibilities: 

Relying on limited experience and knowledge, the Underwriter, Product Liability is responsible for accomplishing the following assignments. These assignments are varied in nature. 

  • Evaluate new and renewal policy applications and related documents to classify and assess each risk, determine acceptability, assign rating, indicate endorsements and limits, and determine appropriate pricing.
  • Contact and respond to verbal and written inquiries from brokers within designated timeframe to provide appropriate information and serve as an underwriting resource.
  • Create and maintain all documentation (physical and electronic) including new and renewal bound files, underwriting worksheets, documentation of phone conversations, and other key documents according to departmental guidelines.
  • Adhere to all company underwriting authority directives, underwriting guidelines, and other applicable company policies and procedures.
  • Approve or deny within given authority or recommend approval or denial to higher authority.
  • Cultivate relationships with internal and external contacts to facilitate the underwriting process, promote business development, and to remain abreast of industry trends.
  • Serve as a resource to other departmental staff with regards to underwriting procedures and other departmental guidelines.

Job Requirements



Position Knowledge, Skills, and Requirements: 

Education

  • Bachelor's degree in Business Administration, Accounting, Finance, a related field, or the equivalent education and/or experience
  • Studies toward attaining a Registered Professional Liability Underwriter (RPLU), Chartered Property Casualty Underwriter (CPCU), Associate in Commercial Underwriting (AU), Certified Insurance Counselor (CIC) or equivalent insurance designation depending on specialty area
  • May require state-specific insurance license depending on specialty area

Experience

  • Between 1-3 years of relevant and progressive business or underwriting experience in the Standard or Excess & Surplus Insurance Marketplace

Other

  • Possess and have ability to apply knowledge of principles, practices, and procedures
  • Solid written and verbal communication skills with an emphasis on confidentiality, tact, and diplomacy
  • Advanced organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously
  • Knowledgeable of industry changes, legal updates, and technical developments related to applicable area of the Company’s business to proactively respond to changing business environment
  • Intermediate proficiency and experience using Microsoft Office package (Excel, Access, PowerPoint, Word)
  • Overtime hours may be required to fulfill job responsibilities
  • May require travel outside normal work location 

 The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals. The Tokio Marine HCC Group of Companies is an equal-opportunity employer. Please visit www.tokiomarinehcc.com for more information about our companies.

 

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