What are the responsibilities and job description for the Marine Underwriting Specialist position at Tokio Marine America?
About Tokio Marine :
Tokio Marine has been a key player in the U.S. insurance market for over a century, licensed in all states, Puerto Rico, and the District of Columbia. We specialize in all major lines of Commercial Property and Casualty Insurance, offering innovative insurance and risk management tools through our dedicated team of professionals.
Our Commitment : We aim to create value through safety, security, and peace of mind, bringing creativity and passion to achieve long-term success.
As Japan's oldest and one of the largest property and casualty insurers, Tokio Marine Holdings operates globally in 47 countries, boasting annual revenues of approximately $50 billion and an A.M. Best rating of A , placing us among the top 20 insurance providers worldwide.
Job Summary :
The Marine Underwriting Specialist will evaluate risks and perform related activities in alignment with our company's goals and objectives.
Primary Responsibilities :
- Build and nurture relationships with Producers compliant with Tokio Marine Guidelines.
- Conduct marketing activities for respective Producers, including in-person visits and setting production goals, ensuring objectives are achieved.
- Generate new business and renew existing accounts per the established plan.
- Achieve target loss ratios by assessing risk acceptability based on underwriting guidelines and sound judgment.
- Manage a designated book of business in accordance with the company's underwriting standards.
- Review existing accounts and execute corrective actions as needed to ensure ongoing compliance and risk management.
- Make risk recommendations exceeding authority using established referral processes.
- Ensure timely and accurate processing of new business, renewals, and endorsements.
- Issue quotations, policies, endorsements, and notices as required.
- Coordinate Loss Control surveys and recommend proper reinsurance when necessary.
- Foster collaboration between the Marine Department, AEOs, and producers to maximize opportunities for renewals and new business.
- Assist with inquiries and issues from Corporate Reinsurance, Accounting, and Claims departments.
- Contribute to the training of junior staff members, guiding them in developing their skills.
- Delegate and prioritize tasks effectively to meet departmental deadlines while reviewing the quality of executed work.
- Align producer plans, track performance metrics, and assess pricing strategy to ensure profitability.
- Support timely collection of overdue premiums, minimizing delays and assisting junior staff as needed.
- Streamline administrative processes wherever possible to enhance efficiency.
- Innovate and propose new business ideas and strategies to meet overall departmental objectives.
- Adhere to internal controls and compliance in all job functions and administrative activities.
Qualifications :
The salary range for this position is $120k - $155k, with the final offer depending on experience and geographic location. Additionally, we provide a competitive benefits package and eligibility for bonuses.
TMA is committed to a diverse workforce. If you're interested in the position but don't meet every requirement, we encourage you to apply!
Benefits :
We offer a comprehensive benefits package, including a generous 401K match. Our sustained growth and success allow us to focus on continued development of our personnel and internal career opportunities.
EEO Statement :
Tokio Marine Management is an Equal Opportunity Employer. We strive to attract, develop, motivate, and retain the most qualified employees without discrimination based on age, color, race, religion, gender, disability, national or ethnic origin, family circumstances, life experiences, marital status, military status, or sexual orientation.
Salary : $120,000 - $155,000
