ProAssurance
Senior Production Underwriter - Medical Professional Liability
ProAssurance, Indiana, Pennsylvania, us, 15705
Senior Production Underwriter - Medical Professional Liability
Base pay range: $85,881.00/yr - $141,719.00/yr Location: Greenwood, IN (Midwest region; Michigan or Indiana preferred) This position supports ProAssurance’s medical professional liability line of business and is located in the Midwest region to meet business needs. The Senior Production Standard Underwriter uses underwriting authority to develop and build external relationships to write profitable new business and retain existing policyholders in an assigned territory and/or with assigned brokers. The role follows underwriting guidelines and pricing practices to meet profitability and expense objectives, while establishing and maintaining broker and agent relationships and monitoring the quantity and quality of the book of business. The Senior Production Standard Underwriter may provide leadership support for the underwriting function. What you’ll do
55% - Underwriting and Underwriting Profitability: Underwrite new business submissions and renewal accounts with focus on the relationship; create terms and conditions; collaborate with colleagues across disciplines; adhere to authority; perform end-to-end underwriting tasks; assess exposure and price within guidelines to meet profitability targets; manage significant new business goals. 25% - Relationship and Distribution Management: Expand new business opportunities through target accounts and brokers; conduct meetings with brokers/agents and insureds/prospects to discuss terms, exposures, and concerns; collaborate with Business Development on mutual goals; work on cross-sell initiatives. 10% - Policy, Procedures, and Compliance: Document files, ensure compliance and audit-worthiness; support product development strategies with leadership. 5% - Financial Results Management and Reporting: Assist in establishing revenue budgets and monitor performance; provide leadership with reporting to track results; maintain profitable book of business within authority. 5% - Innovation and Product Development: Stay educated on evolving risks; encourage ideas and initiative to improve services and products. What we’re looking for
Bachelor’s degree required with preference in insurance, risk management, business administration or related field. Minimum of seven years medical professional liability underwriting experience. Experience in a production underwriting role required. CPCU, RPLU, AIC, or ARM highly desired; progress toward one of these designations is required. Understanding of insurance terminology and underwriting principles; proficiency with Microsoft Office Suite. Excellent organizational, interpersonal, listening, speaking, writing and presentation skills; ability to process information logically. Strong analytical skills to interpret data and make sound decisions; proven ability to manage multiple tasks and deadlines. Strong negotiation, marketing, sales, and relationship management skills; many accounts require strong large account capabilities and familiarity with actuarial tools and methods. Able to review the work of others, provide feedback, and coach underwriters; ability to travel up to 40%. Notes: This description reflects the current responsibilities and qualifications and may be subject to change. ProAssurance is an equal opportunity employer.
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Base pay range: $85,881.00/yr - $141,719.00/yr Location: Greenwood, IN (Midwest region; Michigan or Indiana preferred) This position supports ProAssurance’s medical professional liability line of business and is located in the Midwest region to meet business needs. The Senior Production Standard Underwriter uses underwriting authority to develop and build external relationships to write profitable new business and retain existing policyholders in an assigned territory and/or with assigned brokers. The role follows underwriting guidelines and pricing practices to meet profitability and expense objectives, while establishing and maintaining broker and agent relationships and monitoring the quantity and quality of the book of business. The Senior Production Standard Underwriter may provide leadership support for the underwriting function. What you’ll do
55% - Underwriting and Underwriting Profitability: Underwrite new business submissions and renewal accounts with focus on the relationship; create terms and conditions; collaborate with colleagues across disciplines; adhere to authority; perform end-to-end underwriting tasks; assess exposure and price within guidelines to meet profitability targets; manage significant new business goals. 25% - Relationship and Distribution Management: Expand new business opportunities through target accounts and brokers; conduct meetings with brokers/agents and insureds/prospects to discuss terms, exposures, and concerns; collaborate with Business Development on mutual goals; work on cross-sell initiatives. 10% - Policy, Procedures, and Compliance: Document files, ensure compliance and audit-worthiness; support product development strategies with leadership. 5% - Financial Results Management and Reporting: Assist in establishing revenue budgets and monitor performance; provide leadership with reporting to track results; maintain profitable book of business within authority. 5% - Innovation and Product Development: Stay educated on evolving risks; encourage ideas and initiative to improve services and products. What we’re looking for
Bachelor’s degree required with preference in insurance, risk management, business administration or related field. Minimum of seven years medical professional liability underwriting experience. Experience in a production underwriting role required. CPCU, RPLU, AIC, or ARM highly desired; progress toward one of these designations is required. Understanding of insurance terminology and underwriting principles; proficiency with Microsoft Office Suite. Excellent organizational, interpersonal, listening, speaking, writing and presentation skills; ability to process information logically. Strong analytical skills to interpret data and make sound decisions; proven ability to manage multiple tasks and deadlines. Strong negotiation, marketing, sales, and relationship management skills; many accounts require strong large account capabilities and familiarity with actuarial tools and methods. Able to review the work of others, provide feedback, and coach underwriters; ability to travel up to 40%. Notes: This description reflects the current responsibilities and qualifications and may be subject to change. ProAssurance is an equal opportunity employer.
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