Tokio Marine has been conducting business in the U.S. market for over a century and we are licensed in all states, Puerto Rico and the District of Columbia, and write all major lines of Commercial Property and Casualty Insurance. We provide unique insurance and risk management tools from our experienced staff of account executives, underwriters and loss prevention engineers and fair and timely claim settlement from a skilled team of claim professionals. We work with major brokers and leading independent insurance agents throughout the United States to serve the world's largest and most distinguished organizations.
We are committed to creating value for our customers by providing ANSHIN (safety, security and peace of mind). We strive to be creative and passionate as we work towards our long-term success.
Tokio Marine Holdings is Japan's oldest, and one of the largest property and casualty insurers. Founded in 1879, TMNF operates worldwide in 47 countries. With annual revenues of approximately $50 billion and an A.M. Best rating of A++, one of the highest in the industry, we are one of the top 20 insurance providers worldwide.
Job Summary:
Underwrites large casualty accounts; evaluates and develops special coverages, rates and rating plans for clients; assists in reinsurance transactions as required. Assists Manager with key casualty underwriting and departmental workflow related issues as necessary. Responsible to become Subject Matter Expert for GBU unit on a particular Line of Business (ie: Workers Compensation, General Liability, Commercial Auto or Property). Provide training and guidance to Assistant Underwriters on work flow, responsibilities.
Essential Job Functions:
As subject matter expert on a particular line of business, responsibilities will include guiding underwriters in the department on coverage items that may arise and are within authority granted.
Lead all training on the specific line of business and be a technical resource for underwriters to refer issues on the line of business for review and then provide guidance to correctly assess the risk on behalf of the company including coverage recommendations.
Independently provide training to new underwriters within the unit in both Commercial Underwriting as well as GBU. In addition, provide Underwriting assistant with training so they can be integrated into unit providing vital resource to create efficiencies for GBU underwriting team.
Underwrites and prices large risks, consolidated programs, mergers and acquisitions, large deductible, self-insured retention programs, and other alternative risk mechanisms.
Determines the acceptability of risks for underwriting.
Binds various coverages subject to authority level and answers inquiries from producers.
Prepares quotations and formal proposals on new and renewal business.
Places and binds reinsurance as needed.
Reviews and approves casualty profiles and referrals as needed. In such cases, ensures that documentation is completed timely and accurately according to Regional and Corporate standards.
Assists Manager in addressing and resolving overdues, workflow, and various clerical issues within the Unit as necessary.
Effectively communicates with management on all issues both within and outside the Unit as needed.
Interacts and coordinates activities with other departments (e.g., Claims, Loss Control, AXIA, Coordination, Accounting). Liaises with Corporate and other underwriting departments as necessary.
Recommends new procedures and programs where warranted.
Furnishes intelligence on large account market, including competitor strengths and weaknesses.
Responsible for complying with proper internal controls as necessary to conduct job functions and/or carry out responsibilities and/or administrative activities at Company.
Qualifications:
College degree or equivalent
At least fifteen (15) years of underwriting experience in casualty insurance underwriting with seven to ten years in large casualty accounts
CPCU or related designation preferred
Strong oral and written communication skills
Strong PC skills
Salary range of $110k - $140k. 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.
TMA believes the perfect candidate is more than just a resume. If you don't meet every single requirement, but are still interested in the job, we encourage you to apply.
Benefits:
We offer a comprehensive benefit package, which includes a generous 401K match. Our rich history of outstanding results and growth allow us to focus our business plan on continued growth, new products, people development and internal career opportunities.
EEO Statement
Tokio Marine Management is an Equal Opportunity Employer. In order to remain competitive we must attract, develop, motivate, and retain the most qualified employees regardless of age, color, race, religion, gender, disability, national or ethnic origin, family circumstances, life experiences, marital status, military status, or sexual orientation.