Sports & Entertainment Associate Underwriter - Underwriter

Company: James River Management Company
Location: Raleigh
Posted on: January 25, 2023

Job Description:

Come grow with James River Insurance!James River Insurance is an excess and surplus lines segment of James River Group Holdings, Ltd. and operates on an approved non-admitted basis in 50 states and Washington, DC. Since 2003, James River has provided thousands of commercial property and casualty customers with innovative and creative solutions for particular insurance needs.At James River Group, we are committed to providing a stable and rewarding work environment supported by our Core Values and Guiding Principles: Integrity, Accountability, Innovation, Customer Service, Communication, and Teamwork. James River Group is a subsidiary of James River Group Holdings, Ltd. We are proud of our recent national recognition as a 2022 and 2021 Top Workplaces USA awards. James River Group Holdings, Ltd. is a Bermuda-based insurance holding company which owns and operates a group of specialty insurance and reinsurance companies. The Company operates in three specialty property-casualty insurance and reinsurance segments: Excess and Surplus Lines, Specialty Admitted Insurance and Casualty Reinsurance. The Company tends to focus on accounts associated with small or medium-sized businesses in each of its segments. Each of the Company's regulated insurance subsidiaries are rated "A-" (Excellent) by A.M. Best Company. Sports & Entertainment Associate Underwriter - Underwriter Job SummaryJames River Insurance Company is looking for the right candidate to fill one underwriting opening ranging from Associate Underwriter up to Underwriter within our Sports & Entertainment team. Under the direction of the Underwriting Manager or Division Manager the successful candidate will review and analyze underwriting data in order to determine if risks meet corporate underwriting standards, calculate appropriate premium, determine proper terms for acceptable risks and respond to brokers when particular risks do not meet underwriting guidelines. At the Associate Underwriter level, there will be more of a focus on training and education of key insurance concepts and risk appetite. Both Associate Underwriters and Underwriters are also responsible for developing and maintaining profitable business relationships with brokers. Duties and Responsibilities

• Continuously exhibit and uphold Core Values of Integrity, Accountability, Communication and Teamwork, Innovation and Customer Service
• Analyze new business opportunities and develop renewal strategies
• Attain quote, premium and division goals as assigned
• Develop and maintain strong relationships with brokers
• Use critical thinking and problem solving skills to negotiate with brokers on placements
• Travel to meet with brokers within assigned territory at least three times per year
• Other duties as assigned Knowledge, Skills and Abilities
  • Aptitude for learning how to effectively assess risk (Associate Underwriting level)
  • Must be able to pursue a professional designation or BISYS coursework within the first year of employment. (Associate Underwriting level)
  • Ability to effectively and properly select, evaluate, model, determine coverage, rate, document, quote and bind accounts (Underwriting level)
  • Solid knowledge of underwriting philosophy and techniques (Underwriting level)
  • Excellent verbal and written communication skills
  • Ability to work independently or in a team environment to complete assignments within the parameters of instructions given, prescribed processes and standard accepted underwriting practices
  • Problem solving and decision-making skills
  • Strong negotiation skills
  • Ability to multi-task
  • High level of initiative and motivation
  • Strong work ethic with a drive to succeed
  • Solid customer service and relationship building skills
  • Proficiency in MS Office (Word, Excel, Outlook) and Internet researching Associate Underwriter Experience and Education
    • Bachelors Degree or a minimum of 3 years of relevant work experience
    • Industry associated classes or courses preferred Underwriter Experience and Education
      • Bachelors Degree or equivalent work experience
      • Minimum of 2 years of related underwriting experience preferably in Excess and Surplus lines
      • Preferably pursuing courses toward professional designations or continuing education. *Qualifications may warrant placement in a different job level.
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Keywords: James River Management Company, Raleigh , Sports & Entertainment Associate Underwriter - Underwriter, Other , Raleigh, North Carolina