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Sr. Credit Underwriter in New York, NY at Tokio Marine HCC

Date Posted: 7/20/2018

Job Snapshot

Job Description

Tokio Marine HCC - Credit Group, a member of the Tokio Marine HCC group of companies, has an exciting opportunity for a Sr. Credit Underwriter in our office in New York, NY.

 

Position Summary:

 Under general 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.

 

Key Responsibilities:

 Relying on experience and judgment, the Senior Credit Underwriter is responsible for accomplishing the following assignments. These assignments are broad in nature and work can be difficult.

 

  • Review and assess underwriting opportunities, including recommendations for accepting/declining risks and premium pricing, including single-risk and multi-risk situations; for single-risk situations, assess borrower's financial condition, country economic and political environment, and ability/willingness to repay; for multi-risk situations, develop policies of annual first-loss deductibles, insured’s delegated discretionary credit authority, and apply advanced pricing techniques to insure a multi-faceted international portfolio of trade receivables.
  • Complete required underwriting analyses; provide timely and professional communication of underwriting questions and expressions of interest in reply to situations submitted; ensure that policy issuance is promptly and correctly completed.
  • Organize and prioritize cases submitted by insurance brokers for consideration; maintain a balance in processing "standard" situations, "rush" cases and situations involving extensive analytical work; provide and meet estimated completion time-frames to brokers.
  • Develop and supplement relationships with designated insurance brokers, primarily in the United States, with an emphasis on writing a profitable insurance portfolio within underwriting guidelines.
  • Create memoranda describing the underwriting/pricing rationale for sign-off by one or more other underwriters for all bound risks and certain recommendations. 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.
  • Work with Senior Management to resolve matters with insurance brokers and policyholders with respect to adjustment of claims, opportunities and policies, including submissions to amend or expand a policy, general questions, and nonpayment problems.
  • 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 or Finance or 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

  • Minimum of five years of relevant and progressive underwriting experience in specialty or related area that includes a strong working knowledge of state laws
  • Minimum of one year experience with trade credit insurance

Other

  • Proficiency in basic financial analysis as it pertains to the commercial credit environment
  • Possess and have ability to apply broad knowledge of principles, practices, and procedures
  • Excellent written and verbal communications skills with an emphasis on confidentiality, tact, and diplomacy
  • Exceptional 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)
  • Familiarity with research tools such as Bloomberg and Factiva
  •  

 

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.tmhcc.com for more information about our companies.