What are the responsibilities and job description for the Underwriter- Professional Liability (Potential Senior Underwriter for right candidate) position at Minnesota Lawyer?

External :

For over 40 years? Minnesota Lawyers Mutal (MLM) has been a stable, reliable lawyers malpractice company delivering exceptional value and service to its policyholders. Today MLM has more than $190 million in Assets, $200 million in surplus and serves clients in 15 states. We have returned a dividend for the past 36 consecutive years totaling over $80 million. Opening its doors for business on April 19, 1982, MLM has certainly met or exceeded its original goals thanks to the loyalty of its policyholders.? MLM is a remarkably close-knit group with an impressive tenure. One of the key reasons MLM employees join and stay with the company is our uniquely close culture. It's not just a workplace; it's a community where we support, encourage, and uplift each other.

Job Summary

MLM is seeking an experienced Insurance Underwriter to join our team! The Underwriter is responsible for managing an underwriting territory, including all new and renewal business, in compliance with Underwriting Guidelines and the Underwriters individual Letter of Authority. Has knowledge of products / services, marketing strategies and an understanding of the needs, issues and operations of the legal profession. Helps achieve MLMs profit / growth goals through collaboration with other functional departments.

Location :

Minneapolis, MN, PA or VA preferred but will consider other locations for the right candidate. Hybrid schedule based on location and team needs

Primary Duties and Responsibilities

Assess new and renewal business using the online application process

Evaluate applications to determine acceptability, pricing and coverage proposals within established underwriting guidelines

Communicate decisions to applicants verbally and in writing while providing clear explanations and reasons for approval or denial

Understand and articulate policy coverage terms, conditions and exclusions

Provide timely service according to the established service standards

Work collaboratively with the assigned Regional Sales Directors and Account Managers, leveraging business knowledge to propose solutions in a dynamic work environment

Effectively work with Director of Underwriting Administration to facilitate the development of Underwriting System changes and corresponding changes to procedures

Qualifications

Bachelors degree in finance, business, economics or related field preferred

In lieu of Bachelors degree, an associate degree plus relevant experience

Three or more years of related financial or underwriting experience, preferably in a specialty malpractice line of business. in this area.

CPCU and / or RPLU strongly preferred

Knowledge of insurance products / coverage, underwriting, pricing, risk selection, market segments and marketplace; insurance finance and actuarial concepts; loss control / risk engineering; marketing techniques, regulatory environment and reinsurance preferred

Exceptional analytical skills

Advanced written and verbal communication skills

Intermediate skills in MS Office product suite

Ability to work effectively independently and in a team environment

This posting is a summary of the typical functions of the job, not a comprehensive list of all job responsibilities.

Benefits :

MLM offers a rich comprehensive benefits package. Enjoy a flexible hybrid schedule. Casual attire when working in a modern, comfortable office with a great view of Minneapolis! While in the office, enjoy water, soda, tea, espresso, coffee and snacks in the comfort of the community lunch area.

Competitive Base salary with a range from $62,000 - $93,111 depending on the breadth of experience, knowledge and scope of position for which they are hired

401(k) retirement plan plus generous company match and profit sharing

Two Medical insurance plan choices with Employee Assistance Programs

Health Reimbursement Account (HRA) & Health Savings Accounts (HSA)

Company Paid Life Insurance, AD&D insurance, Long-term disability, Employee Assistance Program and Travel Assistance

Reimbursement for Dental Expenses

Flexible spending account

Paid time off increases with length of service

Paid Holidays

Parental leave

Opportunities for advancement in a successful organization with professional development assistance

Flexible work schedules and a great work / life balance

Volunteer Time Off

How to apply :

Qualified candidates are asked to send a resume, including three references, to hraccess@mlmins.com.

MLM is an equal opportunity employer. Learn more about MLMs commitment to diversity, equity and inclusion on our website.

Salary : $62,000 - $93,111

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Underwriter- Professional Liability (Potential Senior Underwriter for right candidate)

What are the responsibilities and job description for the Underwriter- Professional Liability (Potential Senior Underwriter for right candidate) position at Minnesota Lawyer?

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