We are currently seeking a Senior Specialty
Underwriter to join our OneBeacon Professional Insurance (OBPI) team in
Richmond, VA. Under technical direction, within underwriting authority, the Sr.
Underwriter will underwrite risks regarding selection and rejection of new
and/or renewal business in our Professional Liability-Medical Facilities
1) Manages profitable producer relationships by evaluating results and
conducting portfolio reviews for assigned territory and individual producers,
developing integrated pictures of factors that affect profitability, growth,
retention and recommending, implementing, and monitoring necessary action plans.
2) Examines, identifies, and evaluates exposures by analyzing documentation from
various sources (e.g. application, inspection reports, credit reports, etc.) and
makes underwriting decisions to accept, decline, or modify risks within assigned
underwriting authority levels and territory and in partnership with underwriting
team Manager when appropriate. Implements underwriting decisions in
compliance with state laws and company guidelines.
3) Develops superior working relationships with producers, and with internal and
external partners, to successfully promote achievement of mutual operating goals
(ie growth, retention, profitability) and to supply the appropriate products and
4) Processes underwriting decisions and documents files and reports via
automated desktop systems and tools.
5) Gathers and analyzes competitor information and producer specific reports on
assigned producers’ retention, profitability and potential, to support
territorial pricing and appetite reviews. Works with other underwriting staff to
determine and make recommendations for pricing, products, systems, etc.
6) Collaborates with team members to manage work inventories and all production
activities to provide accurate and timely service in accordance with corporate
7) Stays abreast of territory and insurance trends.
8) May act as coach /mentor to newer underwriters.
Must be able to identify and describe the major perils insured under
policies and be able to independently identify and describe the exposures and
hazards to consider in making an underwriting decision. Must know how to
effectively obtain information needed to make an underwriting decision.
Must have proven analytical, decision making, problem-solving, communication,
and organizational skills. Must be able to work both independently and as a
highly collaborative member of a team. Must be proficient with Microsoft
Office suite as well as electronic underwriting systems. Must be able to
work in a fast pace and rapidly changing environment.
Education and Experience:
Bachelor's degree preferred. The ideal candidate will have a minimum of
3-5 years progressively complex underwriting experience preferably with a focus
in medical professional liability . Professional insurance designation is
preferred (e.g., AICPCU, designation).
Has underwriting authority to accept, decline, and modify policies that
provide coverage against risks of loss. Evaluates complex accounts on a regular
basis. Decisions have direct impact on the bottom line. Must be fully versed in
insurance contracts, state insurance laws, corporate underwriting positions, and
corporate agency management philosophy.
OneBeacon Insurance Group, Ltd. is a
Bermuda-domiciled holding company that is publicly traded on the New York Stock
Exchange under the symbol “OB.” OneBeacon’s underwriting
companies offer a range of specialty insurance products sold through independent
agencies, regional and national brokers, wholesalers and managing general
agencies. Each business is managed by an experienced team of specialty insurance
professionals focused on a specific customer group or industry segment.
OneBeacon’s solutions target professional liability; ocean and inland
marine; collector cars and boats; energy; entertainment, sports and leisure;
excess property; environmental; group accident; programs; public entities;
technology; and tuition refund. For further information about our products and
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