What are the responsibilities and job description for the Underwriter Standard - Medical Professional Liability position at ProAssurance Corporation?
This position supports our medical professional liability line of business. Candidates should reside in CA in order to meet the business needs of the position.
The primary responsibility is to provide support the MPL underwriting strategy by underwriting business that will produce an underwriting profit. The Standard Underwriter will review submissions and identify exposure and risk, determine accurate classifications and rates, and may answer questions concerning a policy status or billing for policies. Under the guidance of Underwriting Management, the Standard Underwriter will analyze applications and screen applicants based on certain criteria and ensure that policy transactions such as renewals or quotes are issued, and changes are recorded correctly.
60% - Evaluate risk through the review of new and renewal business, determining risk acceptance, pricing terms, and conditions.
• Perform underwriting functions in accordance with established standards, guidelines, rates, and coverage forms filed and approved by law in the state of responsibility.
• Gather and analyze relevant financial data to identify and evaluate risk.
• Examine risk profile and loss history and take necessary steps to ensure that each risk is appropriately classified and priced.
• Create new and renewal business indications and quotes.
• Approve underwriting transactions and bind coverage within authority; provide analysis and file documentation to support decisions.
• Determine applicable surcharges, discounts, or credits.
15% - Participate in committee and department meetings. Prepare underwriting reports and reviews as requested by management.
10% - Work with internal sales and marketing to foster and maintain insured relationships, identify prospects, and other opportunities for business development.
5% - Request Risk Management referrals as indicated.
5% - Work with Underwriting Techs to foster efficient and accurate service to our agents and insureds.
Secondary Responsibilities:
5% - Some overnight travel required for meetings with insureds and to national trade shows or conferences.
Perform special projects as directed by management.
Salary : $71,000 - $116,000