Senior Underwriting Technician

Job Description

Job Description

Description:

About The Company:

Private Client Select Insurance Services (PCSIS), is an independent managing general underwriter (MGU) majority owned by Stone Point Capital. Private Client Select Insurance Services protects the lifestyles and legacies of the most successful individuals across the U.S by providing robust risk management solutions and comprehensive coverage to preserve high-value assets. We understand their passions and are committed to preserving the lifestyle they built.

PCS employs approximately 420 staff members. The company has offices in New York, NY; Schaumburg, IL; and St. Petersburg, FL. PCS has a geographically diverse workforce and supports hybrid and remote business-based flexibility.

Position Description:

A Property and Casualty Personal Insurance team member responsible for processing of core functions through the underwriting lifecycle. Employee will be the primary point of contact for all renewal business throughout the unit, in addition to endorsement referrals and inspection disputes. The Senior Underwriting Technician will work with the underwriters to ensure that underwriting is conducted within the standards and timeframes, including analyzing renewal business in detail to maintain profitability and manage loss ratios. This role works under moderate supervision. In this highly visible and critical role you will interact daily with individuals from other departments and brokers.

Job Responsibilities:

• Assists the underwriter in the review of renewal business to ensure the best risks are maintained and non-profitable business is non-renewed or appropriately mitigated.
• Prioritizes renewal work queue to maintain renewal issuance standards and timeliness.
• Evaluates policies and endorsements against prescribed criteria to determine if risk qualifies for acceptance; verifies and rates renewal business (understands rating factors); investigates inconsistencies related to risk acceptance, renewal and pricing; reviews situations not covered by criteria; and develops information for underwriters to isolate problems.
• Analyzes current policy data including billing, inspection reports and loss runs to make educated decisions on Private Client Select renewal business. Understands Private Client Select’s workflows, contracts, underwriting strategy, and systems.
• Communicates with brokers to ensure mutual understanding, and resolves problems related to rating, coverage, billing, and underwriting requirements.
• Establishes effective broker relationships and demonstrates customer focus. Visits selected brokers as required.
• Liaises between the broker and underwriter to ensure needs are being met.
• Acts within designated authority to transact business and obtains appropriate authority for those risks that exceed the designated authority limits.
• Participates in special projects as needed.
• Understands and adheres to authority guidelines.
• Ensures polices and accounts are thoroughly documented to ensure compliance.
• Adheres to department standards and objectives.

Position Requirements:

• 2-5 years of Personal Lines Property & Casualty Insurance underwriting experience or relevant professional experience
• Bachelor’s degree (or equivalent work experience)
• Property & Casualty Licensure required or willingness to obtain within 90 days of hire
• Developing knowledge of underwriting concepts, practices, and procedures
• Analytical and quantitative skills
• Ability to work in dynamic, rapidly changing environment, adapting to changing requirements and collaborating with a wide range of colleagues to quickly deliver solutions
• Detail-oriented with demonstrated ability to self-direct, prioritize work, and meet deadlines
• Takes initiative on projects and assignments, seeks alternate solutions when necessary
• Highly motivated and results-oriented
• Positive, energetic, self-motivated, and possesses strong interpersonal skills
• Microsoft Excel knowledge

Equal Employment Opportunity Policy:

PCS values and is fully committed to diversity and inclusion. It is the policy of PCS not to discriminate against any applicant for employment, or any employee because of age, color, sex, disability, nation of origin, race, religion, sexual orientation, gender identity, or veteran status.