What are the responsibilities and job description for the Underwriting Specialist (Renewals) position at Kalepa Insurance Services, LLC?
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.
The following information aims to provide potential candidates with a better understanding of the requirements for this role.
Job Summary
Underwrite profitable new and renewal business to meet LoB targets regionally including global elements
Ownership of large accounts / clients including negotiation of participation, pricing and terms and conditions
Training and development resource for Underwriters & Senior Underwriters
Develop and maintain strong relationships with brokers and clients
Specialized technical expertise / lead for at least one sub-LoB, Industry, or Product Line such as General Liability, Umbrella, Commercial Auto, Commercial Property, Workers Compensation
Responsibilities :
Manage assigned broker portfolio of accounts to achieve efficient returns of profitability and growth
Underwrite new and renewal accounts to meet top and bottom line targets
Negotiate price and terms and conditions with producers
Proactively manage capacity
Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios (for relevant LoBs)
Specialist / Technical Expert in Product Line within Middle Market Business
Underwrite International Insurance Programs (for relevant LoBs)
Underwrite in line with LoB governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles
Ensure placing and binding of FAC Reinsurance prior to policy inception
File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled
Proactively develop relationships with brokers and agents assigned within the territory to either pursue new business acquisition and / or large renewal retention
Acquisition of new business and retention of existing business including client and broker negotiations
Training, developing and coaching of less experienced staff (including Underwriters)
Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate
Delegate work as appropriate
Positively represent Arch externally to the market
Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations
Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)
Skills :
Risk Assessment and Management : Ability to assess risk inherent exposures and natural hazards relevant to LoB
Pricing and Market Mgt : Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs
Contract Drafting and Interpretation : Design, develop and implement consistent, robust wordings
Policy Management : Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation.
Communication skills : Clearly and effectively express ideas and messages via speech or writing.
Influencing Skills : Ability to persuade and motivate others to act, without executive authority
Analytical Skills : Ability to effectively absorb information from various sources, then analyze, study or examine data in detail, and draw appropriate conclusions.
IT Skills (Office applications) : Use general office application tools e.g. Power Point, Excel, Word.
Requirements :
A minimum of 4 years or Commercial Property & Casualty Underwriting experience. Middle Market experience is preferred
Recognized established relationships with brokers at peer group level and within market
Specialized understanding of regional / local insurance markets and competitor landscape
Good understanding of legal and regulatory framework
Undergraduate degree required. Economics, Finance, Insurance Management, or Business Administration is preferred
Completion of professional insurance qualification (e.g. CPCU) is preferred
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