Senior Underwriter

Date posted: January 17, 2012

Senior Underwriter

Medicus Insurance Company, one of America’s fastest growing medical professional liability insurance carriers, has an immediate opportunity in its organization for an experienced Senior Underwriter

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The Senior Underwriter is responsible for analyzing new applications and re-evaluates existing policies of medical professional liability insurance; maintains underwriting integrity and adequate pricing of risks; provides technical expertise to Company employees and agents, along with excellent customer service. Assists in the training and development of Underwriters, Associate Underwriters, and Client Service Representatives. Performs special projects as assigned. This position reports to the Director of Underwriting.

Responsibilities
Essential job functions include, but are not limited to, the following:
• Compiles and analyzes new and existing complex liability exposures and loss data to determine quality of risk and their acceptability with respect to underwriting guidelines and proper rating categories. Effectively documents underwriting recommendations and decisions.
• Accepts or binds risks, via written quotes, indications and binders, in accordance with Medicus admitted filings and within designated underwriting authority. Declines or modifies policy coverage. Re-evaluates existing business to determine continued acceptability, adjustments to premium, modification of coverage, cancellation or non-renewal.
• Determines and clearly communicates Medicus coverage to be offered via policy forms, state-specific mandatory endorsements and standard endorsements. Provides coverage expertise to Company employees and agents.
• Performs oversight of Associate Underwriters', Underwriters', and Client Service Representatives’ issuance of policies, endorsements, binders and certificates of insurance. Performs actual issuance of policies, endorsements, binders and certificates of insurance as needed.
• Assists in the training and development of Underwriters, Associate Underwriters and Client Service Representatives.
Performs constant external communications with agents and insureds, effectively explaining underwriting decisions and viewpoints, and the philosophy of Medicus, while building good and lasting relationships. Consistently demonstrates excellent customer service skills.
• Travels to agents’ offices and customer facilities, as necessary, on production calls or account renewal visits, or to resolve complex underwriting issues, or attends educational conferences.
Analyzes large risks, including national accounts, using advanced actuarial loss-rating methods. Provides technical coverage expertise and assistance to Company employees, Agents, and Claims and IT personnel contracted to Medicus.
Maintains an effective diary system to properly update and document underwriting files.
• Performs quality assurance reviews of policy production to ensure high standards.
• Performs projects such as analyzing specialty-specific exposures, rate classifications, and market rate and form comparisons, as assigned and under supervision by the Underwriting Manager.

Job Requirements
• Four-year college degree. IIA Series and RPLU preferred, or education or experience equivalent, or commitment to complete within 3 years of employment date. State P&C license or commitment to obtain within one year is desirable.
• Five years of experience in physician or hospital medical professional liability insurance underwriting industry or five years in a related healthcare or insurance field.
• Proficiency with computers helpful, proficiency with Word and Excel, and very good typing skills. Strong written and verbal communication, organizational, teamwork and people skills.

Apply to: hr@norcalmutual.com