Demo

Sr Underwriting Specialist - Commercial Insurance - Boston, MA

PMA Companies
Boston, MA Full Time
POSTED ON 1/29/2025
AVAILABLE BEFORE 3/29/2025
Back
Sr Underwriting Specialist - Commercial Insurance
#4303
Multiple Locations
Apply
Apply for this job now! Apply
Job Description:

In this position, you will underwrite new and renewal business which includes solicitation, selection and pricing of highly complex multi-line risks (workers compensation, commercial auto, general liability). You will actively and creatively pursue new commercial insurance solutions including guaranteed cost, large deductible and retro account opportunities throughout the territory through your network of national and regional brokers and agents. Maintain and develop prospects in order to have a strong base of future opportunities to build your large account book. Contribute to the development of broker and agency management strategies and lead the development and execution of relationship management plans.

Responsibilities:

  • Analyze, select and profitably price coverage for commercial risks and determine terms and conditions of coverage on new and renewal business.
  • Apply and conform to underwriting rules and guidelines, rating manuals, insurance laws/ regulations.
  • Utilize a consultative selling approach to generate new business consistent with underwriting strategy and in coordination with service team members to include accurately assessing the needs of the broker and the client and formulating solutions that effectively address those needs.
  • Analyze underwriting & marketing activities and corresponding results; prepare reports to management.
  • Mentor and provide technical training and guidance to coworkers.
  • Determine, coordinate and direct account management activities with various departments.
  • Negotiate and deliver proposals to producers and buyers.
  • Develop and maintain client relationships and coordinate service team efforts.
  • Identify opportunities for organizational improvement and recommend solutions.
  • Demonstrate commitment to Company's Code of Business Conduct and Ethics, and apply knowledge of compliance policies and procedures, standards and laws applicable to job responsibilities in the performance of work.
Requirements:
  • Bachelor's degree or equivalent experience required.
  • 7 years of casualty underwriting with an insurance carrier required
  • Advanced understanding and technical knowledge of underwriting mechanics and fundamentals
  • Advanced knowledge of casualty coverage and loss sensitive deal structures (retrospective rating, large deductible, captive, and self-insurance). Additional knowledge in financial analysis, account management and collateral management is desired.
  • Advanced knowledge of local and regional market conditions as well as industry trends.
  • Prior experience in or knowledge of states in the Northeast and the ability to travel within these markets is strongly preferred
  • Advanced knowledge of underwriting territory and strong relationships with the local distribution network (local and regional agents, national and regional brokers, and select consultants).
  • Demonstrated proficiency in the successful marketing and prospecting of business opportunities, as well as, relationship building and agency management skills.
  • Ability to create a presence that conveys interest, conviction, and energy in maintaining relationships with external business partners.
  • Strong ability to effectively communicate verbally and in writing to uncover business needs.
  • Ability to foster creative solutions that resonate with external business partners.
  • Ability to interact with various levels of management and support personnel.
  • Advanced skills in marketing, analysis, decision making/problem solving, planning and organizing; sales and negotiation and mathematical proficiency.

 

If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution. Compensation Planning
Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right. Surveys & Data Sets

What is the career path for a Sr Underwriting Specialist - Commercial Insurance - Boston, MA?

Sign up to receive alerts about other jobs on the Sr Underwriting Specialist - Commercial Insurance - Boston, MA career path by checking the boxes next to the positions that interest you.
Income Estimation: 
$57,441 - $74,403
Income Estimation: 
$64,132 - $77,443
Income Estimation: 
$67,582 - $88,476
Income Estimation: 
$69,196 - $90,129
Income Estimation: 
$69,261 - $91,404
Income Estimation: 
$69,261 - $91,404
Income Estimation: 
$88,031 - $110,533
Income Estimation: 
$94,544 - $118,022
Income Estimation: 
$87,462 - $118,395
Income Estimation: 
$90,329 - $120,891
Income Estimation: 
$90,329 - $120,891
Income Estimation: 
$125,552 - $162,907
Income Estimation: 
$115,496 - $142,565
Income Estimation: 
$96,188 - $130,586
Income Estimation: 
$106,030 - $150,547
Income Estimation: 
$106,030 - $150,547
Income Estimation: 
$125,552 - $162,907
Income Estimation: 
$115,496 - $142,565
Income Estimation: 
$108,370 - $134,975
Income Estimation: 
$138,359 - $207,086
View Core, Job Family, and Industry Job Skills and Competency Data for more than 15,000 Job Titles Skills Library

Job openings at PMA Companies

PMA Companies
Hired Organization Address Birmingham, AL Full Time
As a member of our Claims team, you will proactively manage medical only and limited lost time claims in order to minimi...
PMA Companies
Hired Organization Address Mount Laurel, NJ Full Time
Job Description As a member of our claims team, utilize your knowledge of Workers Compensation to independently investig...
PMA Companies
Hired Organization Address Camp Hill, PA Full Time
Back Senior General Liability Adjuster - Property, Auto - Remote #4484 Multiple Locations Apply Apply for this job now! ...
PMA Companies
Hired Organization Address Blue Bell, PA Full Time
Back Director, Guidewire Architecture #4374 Multiple Locations Apply Apply for this job now! Apply Job Description: As a...

Not the job you're looking for? Here are some other Sr Underwriting Specialist - Commercial Insurance - Boston, MA jobs in the Boston, MA area that may be a better fit.

AI Assistant is available now!

Feel free to start your new journey!