Join The ProAssurance Family
An exciting opportunity exists to join the ProAssurance family of companies! Our mission is powerful and simple : We protect others. Choosing a place to apply your talents is an important decision for anyone. Why choose ProAssurance? At ProAssurance, we sell a pledge, and that pledge is delivered by our team members. We are seeking individuals who value integrity, leadership, relationships, and enthusiasmand want to build their career with a great company where they can be their authentic self and feel valued, recognized, and rewarded for their contributions. ProAssurance specializes in healthcare professional liability, products liability for medical technology and life sciences, legal professional liability, and workers' compensation insurance. We are an industry-leading specialty insurer, with job opportunities in much of the contiguous United States.
This position supports our medical professional liability line of business and is located in our Midwest region in order to meet the business needs of the position. Michigan or Indiana are preferred. For full consideration candidates must have medical professional liability underwriting experience. Depending upon candidate qualifications, we may fill this position at a different level. The primary responsibility of the Senior Production Standard Underwriter is to use 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. There will be specific new business and book of business production goals associated with the growth and profitability objectives. The Senior Production Standard Underwriter will solicit, examine, accept, and reject insurance risks based on underwriting guidelines in the standard underwriting segment. This role will follow the underwriting authority granted them by the Vice President or Assistant Vice President, Standard Underwriting. This position will classify and price acceptable accounts to meet underwriting profit goals and expense objectives; establish and build relationships with brokers and agents in an assigned territory; and monitor, analyze, and report on the quantity and quality of assigned book of business. The Senior Production Standard Underwriter will assist the department by providing 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 for each applicant based on underwriting guidelines, filed rates and coverage forms. Work closely with and collaborate with colleagues in all disciplines including Actuarial, Claims, and Risk. Adhere to Letter of Authority without exception. Will use advanced knowledge of pricing models and be proficient at working through the actuarial-underwriting nuances. Perform beginning to end underwriting tasks including solicitation of business opportunities, rating and underwriting, policy changes, and referral exceptions. Make sound underwriting decisions keeping long term profitability in mind. Assess account exposure, financial standing, operational strategy, risk quality and compliance, and price business in accordance with company guidelines. Responsible for significant new business goals.
25% - Relationship and Distribution Management :
Expand new business opportunities in preferred classes of business through target accounts and brokers in the region. Arrange and conduct meetings with brokers / agents and insureds / prospects to discuss terms and conditions, exposures, claims, and related concerns. Collaborate with Business Development to create mutual new business goals with brokers. Work in collaboration with other teams in cross-sell initiatives.10% - Policy, Procedures, and Compliance :
Document files and ensure compliance and audit-worthiness. Work alongside of Executive Production Underwriter to recommend product development strategies to address market trends.5% - Financial Results Management and Reporting :
Assists in establishment of revenue budget and monitors performance against plan, while keeping keen focus upon loss ratio targets. Provide reporting to leadership to facilitate tracking and measurement of results. Maintain profitable book of business within assigned levels of authority by using sound underwriting judgment and technical skills.5% - Innovation and Product Development :
Keeps educated on evolving risks and exposures. Engages others about ways to improve the service and / or products that we provide. Encourages others, at all levels, to offer ideas and take initiative to vet those ideas.What We're Looking For
Bachelor's degree required with a preference for study in insurance, risk management, business administration or another business-related field.Minimum of at least seven years medical professional liability underwriting experience.Experience in a production underwriting role required.CPCU, RPLU, AIC, or ARM highly desired. Progress toward the completion of one of these designations is required.Understanding of insurance terminology and insurance and underwriting principles required.Proficiency with Microsoft Office Suite.Excellent organizational and interpersonal skills.Self-motivated and able to accomplish multiple tasks within deadlines.Excellent listening, speaking, writing, and presentation skills. Ability to process information logically.Strong analytical skills to interpret data and make sound decisions and devise appropriate solutions.Experience in a production underwriting role, with specific broker territory and assignments.Proven self-starter with strong multi-tasking and relationship management skills.Superior negotiation, marketing, and sales skills.Strong large account skills with advanced knowledge of actuarial tools and methods.Able to review the work of others, provide feedback, and approve other underwriters' quotations.Meets work deadlines, excellent desk management skills.Solid knowledge of rating and documentation management and workflow systems.Able to create, build, and develop superior relationships with agencies and internal colleagues.Able to handle referrals, review the work of others, and provide effective coaching.Ability to attend insurance and industry / business functions to promote and present a positive image of the Company.Up to 40% travel.Has second highest authority level; depending on size of account responsibility. May refer larger accounts to Production Underwriting Executive for approval.Build your career with us and enjoy access to a best-in-class benefits program.
The salary range displayed represents the entirety of the pay grade for this position. Most candidates will start in the bottom half of the range. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have, your location and comparison to other team members already in this role.