10 Manager, Underwriting - Facilties Jobs in New York, NY
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Berkshire Hathaway GUARD Insurance Companies
New York, NY | Full Time
$117k-158k (estimate)
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Manager, Underwriting - Facilties
$158k-209k (estimate)
Full Time | Insurance
1 Week Ago
Coverys is Hiring a Manager, Underwriting - Facilties Near New York, NY
The Manager, Underwriting is responsible for managing and coordinating the day-to-day activities of the Facilities Underwriting team, underwriting complex accounts and ensuring effective management of assigned territory by performing the following duties.
Essential Duties & Responsibilities
Essential Duties & Responsibilities
- Supervise and coordinate underwriting activities for the team and ensures effective management of assigned territory.
- Assign team members to accounts; review and monitor files and ensure timeliness of underwriting activities.
- Assign team members’ responsibility for underwriting accounts based upon their knowledge and experience.
- Ensure timeliness of work, including policy issuance and timely collection of premiums due.
- Underwrite complex accounts while maintaining their own portfolio.
- Support the profit and loss goals of the portfolio under management.
- Draft endorsements, review and discuss policy wording in coordination with product development – act as main liaison to product development for managed portfolio.
- Monitor the amount of insurance in force on single risk or group of closely related risks within assigned territory; evaluate possibility of losses due to catastrophe or excessive insurance, and recommend corrective action.
- Partner with enterprise underwriting team and division executive to determine staff authority.
- Lead and/or actively participate in presentations/RFP for current and prospective insureds.
- Meet with brokers to develop and foster relationships.
- Maintain knowledge of competitive landscape regarding pricing and product offerings of competitors.
- Collaborate with other functional areas to ensure all regulatory and compliance requirements are satisfied.
- Partner with segment leads to develop and implement underwriting guidelines for programs.
- Coordinate monthly meeting with Claims team to discuss large losses or losses of interest for portfolio under management.
- Work with Pricing & Analytics team to ensure that approved formulas and tables are utilized for calculation of rates and premium charge.
- Coordinate segment self-audit, audit files to ensure accounts are underwritten according to company policies and procedures. Take corrective action when required.
- Attend and coordinate territory attendance at industry conferences.
- Work closely with the Underwriting Training Specialist in identifying and providing technical training to underwriting team to increase skill levels and underwriting authority.
- Supervisory responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.
- Bachelor's degree (B.A.) from four-year college or university preferred
- Five to ten years primary underwriting experience in Medical Malpractice Professional Liability Insurance.
- Experience in product design a plus
- CPCU or RPLU designation a plus, or equivalent related experience and/or training
- Previous supervisory experience preferred.
- Must be knowledgeable in insurance policy contracts, particularly medical malpractice, general liability, directors and officers liability, and excess/umbrella liability.
- Manager would be able to effectively communicate the elements of his/her program analysis with his/her peers, department management and the Program
- Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
- The ability to maintain strong producer relationships.
- Ability to develop familiarity with a wide variety of healthcare risks and as well as the regulatory, legislative, legal and economic factors that affect them.
- Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
- Proficiency with Microsoft Office suite of programs.
- Ability to learn the use of new software applications as required.
Job Summary
JOB TYPE
Full Time
INDUSTRY
Insurance
SALARY
$158k-209k (estimate)
POST DATE
06/19/2024
EXPIRATION DATE
07/17/2024
WEBSITE
coverys.com
HEADQUARTERS
BOSTON, MA
SIZE
200 - 500
FOUNDED
1975
CEO
GREGG L HANSON SR
REVENUE
$500M - $1B
INDUSTRY
Insurance
Related Companies
About Coverys
Coverys is a leading medical professional liability insurance provider dedicated to protecting the livelihood of physicians, hospitals, dentists, podiatrists, and advanced practice providers. Coverys uses data intelligence to help policyholders anticipate, identify, and manage risk in order to reduce errors, eliminate inefficiency, and improve outcomes.
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