Production Underwriter III, Marine - Hybrid, Jersey City, NJ at Tokio Marine Management Inc
Jersey City, NJ 07310, USA -
Full Time


Start Date

Immediate

Expiry Date

13 Dec, 25

Salary

150000.0

Posted On

16 Sep, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

No

Skills

Tma, Communication Skills, Excel, Outlook, Base, Participation

Industry

Insurance

Description

1. JOB SUMMARY

Responsible for the growth, development and management of producer distribution and new business underwriting for Ocean or Inland Marine Lines in an assigned territory.

5. QUALIFICATIONS

  • College degree preferred
  • Minimum of 5 years of ocean or inland marine underwriting experience
  • Good oral and written communication skills
  • Ability to innovate and apply new ideas
  • Familiarity with Microsoft Office products (Excel, Word and Outlook).
  • Participation in insurance related courses
  • CPCU designation preferred
    Salary range $109,000 to $150,000. Ultimate salary offered will be based on factors such as applicant experience and geographic location. Our company offers a competitive benefits package and bonus eligibility on top of base.
Responsibilities
  • Initiates and manages relationships with the Producers who fit Tokio Marine Guidelines
  • Performs all marketing duties for respective Producers including, in-person visits to producers, and establishes production goals by Producer. Monitors the results of respective Producers and adjusts goals if necessary to ensure Production objectives are met
  • Produce new business and renew existing portfolio in accordance with plan
  • Achieve plan loss ratio by determining acceptability of risk based on underwriting guidelines and sound judgment
  • Work within established work-flows to meet region time service goals
  • Services designated book of business within company’s underwriting guidelines
  • Evaluates reviews and makes corrective actions on existing accounts, including midterm reviews as necessary
  • Makes recommendations on risks which exceed their letter of authority using established referral procedures
  • Controls new business, renewals, endorsements so that all related handling is processed timely and accurately. Gathering/evaluating information to determine acceptability of new accounts
  • Issuing quotations, Issuing policies and endorsements
  • Issuing new business and cancellation/non-renewal notices
  • Ordering Loss Control surveys
  • Recommending and placing proper reinsurance (including facultative) when necessary and authorized
  • Promotes activities between the Marine Department, AEOs and producers to maximize renewals and new opportunities. Maintains good communications and relations with all AEOs, producers and clients
  • Assist Corporate Reinsurance, Accounting and Claims on problems as they arise
  • Assist in the training of other staff members
  • Prioritize and delegate work to meet department deadlines. Reviews previously performed work for quality, as necessary
  • Adheres to department goals and objectives. Assist Accounting in the timely collection of overdue premiums, keeping 90 day overdue premiums at a minimum
  • Assist junior members of staff in the timely collection of overdue premium reports
  • Reduce administration level within all areas of the department
  • Create new business ideas and systems to achieve overall Department Business Plan
  • Responsible for complying with proper internal controls as necessary to conduct job functions and/or carry out responsibilities and/or administrative activities at Company
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