Junior Underwriter

Company Overview

MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., one of the world’s top P&C carriers and a global Class 15 insurer with A+ ratings. With a 350-year heritage, MSIG USA brings financial strength, expertise, and a global footprint to offer commercial insurance solutions that address unique business risks across 40+ countries and regions.

Summary/Job Purpose

The Junior Underwriter is responsible for underwriting and servicing Excess Casualty business on a nationwide basis in accordance with Corporate goals and objectives.

Essential Functions

• Underwrites and services Excess Casualty risks within underwriting authority. Monitors underwriting results, premium, and loss trends within the assigned book of business.
• Reviews submissions to determine the acceptability of risk in accordance with Company guidelines and standards.
• Performs all aspects of the underwriting process and due diligence, including review and analysis of financial documents and individual risk factors.
• Applies appropriate pricing techniques according to company filings and state/bureau conformance.
• Works with brokers and clients to create customized insurance solutions.
• Documents accounts in accordance with regulatory and internal underwriting guidelines.
• Analyzes policy forms and endorsement requests from brokers.
• Assists in establishing and executing effective and efficient broker and client visits (with appropriate business units – Risk Engineering, Claims, and Marketing Representatives) to maintain existing and increase new business.
• Performs other duties as assigned.

Supervisory Responsibilities

This position has no supervisory responsibilities.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and Experience Required

• High school degree (or GED) required; Bachelor’s degree preferred.
• 1-2 years of insurance experience is preferred, including 2+ years in an Underwriting Assistant / Associate role or applicable industry experience.
• Knowledge of underwriting and rating principles, guides, policy forms, rating manuals, and statutory regulations is required.
• Excellent written and verbal communication skills.
• Effective negotiation skills.
• Good organization skills.

Other Skills and Abilities Required

• Excellent organizational and computer skills.
• 20% travel required.

Compensation and Benefits

Salary: The base pay range is $79,000.00 - $105,000.00. Salary determinations are based on various factors, including relevant work experience, skills, certifications, and location.

Additional Benefits Include:

• Healthcare and Retirement Benefits: Comprehensive medical, dental, and vision coverage; 401(k) with a generous employer match and profit-sharing contribution; Wellness incentive program; Life and accidental death and dismemberment (AD&D) insurance; Flexible spending programs; Short-term and long-term disability plans.
• Additional Benefit Programs: Paid time off program; Paid charitable leave; Paid parental leave; Tuition reimbursement program; Personal insurance (auto/homeowners) discounts.

It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!

It is the policy of MSIG USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG USA will provide reasonable accommodations for qualified individuals with disabilities.