Senior Medical Professional Liability Underwriter

$72,962 - $120,400/Yr

Unclassified

Full-time - Mid Level

Remote

501-1,000 employees

About the position

An exciting opportunity exists to join the ProAssurance family of companies! We are a specialty writer of professional liability, products liability, and workers' compensation insurance. With approximately 1,000 team members operating in all 50 states, we are well-positioned to offer career opportunities to individuals interested in professional growth. This position supports our medical professional liability line of business and can be fully remote with a preference for the Central Time Zone. For candidates with less than 7 years of medical professional liability underwriting experience, we will consider filling this position at a non-Senior level. Medical professional liability underwriting experience is required. The primary responsibility of the Senior Standard Underwriter is to support the MPL underwriting strategy by underwriting and selecting new business that will produce an underwriting profit. This position is responsible for reviewing submissions and identifying exposure and risk, determining accurate classifications and rates, and may answer questions concerning a policy status or billing for policies. Under the guidance of the Supervisor/Director, they may analyze applications and screen applicants based on certain criteria and ensure that policy transactions such as renewals or quotes are issued, and changes are recorded correctly. Essential Duties and Responsibilities include performing underwriting functions in accordance with established customer service and Treated Fairly standards, creating new business, reviewing renewal business indications or quotes as requested by insured or agent, and performing underwriting duties in accordance with established guidelines. Interaction with agents/brokers to foster good relationships, identifying prospects and other opportunities for business development, and working with Underwriting Techs to foster efficient and accurate service to our agents and insureds are also key responsibilities. The role requires reviewing risk profiles and loss history information, approving underwriting transactions, attending Board/Department meetings, and preparing underwriting reports as requested by management. Some overnight travel is required for meetings with agents/brokers or insureds, and to national trade shows or conferences.

Responsibilities

• Perform underwriting functions in accordance with established customer service and Treated Fairly standards.
• Create new business and review renewal business indications or quotes as requested by insured or agent.
• Perform underwriting duties in accordance with established guidelines.
• Determine whether to write risk and whether any surcharges, discounts, or credits are applicable to coverage.
• Interact with agents/brokers to foster good relationships, identify prospects and other opportunities for business development.
• Work with Underwriting Techs to foster efficient and accurate service to our agents and insureds.
• Review risk profile and loss history information and ensure that each renewal is appropriately classified and priced.
• Approve underwriting transactions and bind coverage within authority; provide analysis and file documentation to support decisions.
• Attend Board/Department meetings and prepare underwriting reports as requested by management.
• Request Risk Management referrals as indicated.

Requirements

• Bachelor's degree in risk management or insurance, or another business field.
• Eight years insurance experience required in lieu of degree.
• Seven years medical professional liability underwriting experience.
• Completion or progress towards an insurance or professional liability designation (e.g., RPLU, CPCU, AINS) desired.
• Resident P&C insurance agents license may be required (can be obtained within one year from employment start date).
• Demonstrated proficiency in underwriting skills through achieving targeted financial and operational results.
• Demonstrated ability to work independently within underwriting authority.
• Proven ability to establish effective internal and external relationships.
• Ability to attend insurance and industry/business functions to promote and present a positive image of the Company.
• Critical thinking/problem solving skills required.
• Understanding of insurance and medical terminology, and insurance and underwriting principles required.
• Proficiency with Microsoft Office Suite.
• Excellent analytical, organizational, and interpersonal skills.
• Effective cross-organizational team player.
• Self-motivated and able to accomplish multiple tasks in a timely manner.
• Accomplished written and verbal communication skills.

Nice-to-haves

• Completion or progress towards an insurance or professional liability designation (e.g., RPLU, CPCU, AINS) desired.

Benefits

• Remote work opportunity with a preference for Central Time Zone candidates.
• Dynamic and inclusive work environment.
• Professional growth opportunities.
• Competitive salary range of $72,962.00 - $120,400.00.