Property Underwriter Job Description
Property underwriter
provides technical direction to underwriters including highlighting where wordings contravene Underwriting guidelines and / or breach legal or accepted insurance market practice.
Property Underwriter Duties & Responsibilities
To write an effective property underwriter job description, begin by listing detailed duties, responsibilities and expectations. We have included property underwriter job description templates that you can modify and use.
Sample responsibilities for this position include:
Administers and monitors underwriting rules and guidelines, insurance laws and regulations, and rating manuals
Using existing knowledge, continuous development of the Japan market and its local methods and practices
Continued development of relationships within the Technical Line sector
Maintain and develop existing revenue streams, business and customers
Focus upon profit generation
Manage and nurture customer and insurer relationships in order to develop a deep knowledge of both
Participate in the future development of other team members
Proven technical expertise and market knowledge in Property All Risk and construction and some exposure to Liabilities
Collaborate with overseas offices and/or project teams in order to provide a meaningful information flow
Review, structure and contribute to the underwriting of business in the most efficient and cost effective manner
Property Underwriter Qualifications
Qualifications for a job description may include education, certification, and experience.
Education for Property Underwriter
Typically a job would require a certain level of education.
Employers hiring for the property underwriter job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Associate Degree in Business, Education, Engineering, Management, Economics, Technical, Finance, Business/Administration, Mathematics, Business Operations
Skills for Property Underwriter
Desired skills for property underwriter include:
Techniques
National/local filing regulations and guidelines
Underwriting philosophy
Time restraints for quotes on new and renewal business
Microsoft Office
Line/s of business and the legal and regulatory guidelines
Commercial property underwriting
Insurance
Insurance industry and the legal and regulatory environment
Property insurance market
Desired experience for property underwriter includes:
Systems and processes are a strong factor when working for company's, so the ability to work with potentially new underwriting administrative systems are key, including learning them well
You are able to both correspond and discuss personally, business opportunities and individual risks with both facultative reinsurance brokers and cedants directly
Deep knowledge of the Japan market and its local methods and practices
Ability to work on own initiative and in a small team
Has a clear understanding of the value of delivering excellent customer service
Strong and entrepreneurial personality with strong intercultural communication, negotiation, and presentation skills
Property Underwriter Examples
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Property Underwriter Job Description
Job Description Example
Our company is looking for a property underwriter. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for property underwriter
- Establishes and maintains account pipeline, and supports the sales process, including planning, operating routines and monitoring for the large property line of business
- Typically manages high volume of total written premium and adheres to territorial production goals
- Identifies customer needs and advises on propositions
- Supports specific marketing campaigns
- Gathering the data needed to assess the risk and its exposures
- Analyzing operational, financial and claims reports
- Negotiating final terms and conditions (price, wording, clauses, ) with clients
- Compiling proper documentations for bound risks, including working with assistants to ensure accurate data quality of systems
- Managing risk inspections from the early stages of a project until completion
- Coordinate with inter-company departments producers, insureds and Marketing Representatives to ensure appropriate high level account management standards are maintained
Qualifications for property underwriter
- A proven ability and understanding in regard to the need to ensure that all potential risk to all parties involved in the business transaction is avoided at all times
- Fluent English (oral & written) mandatory, native Japanese & additional foreign languages desired
- Highly competent in managing workflow, IT
- Proven ability to absorb technical information and customer/product knowledge within tight timeframes so as to ensure timely support to both internal and external contacts
- Experienced in working on own initiative
- Of line/s of business and legal and regulatory guidelines
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Property Underwriter Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of property underwriter. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for property underwriter
- Co-ordinating multinational programmes, developing your knowledge of local compliance and regulations and delivering underwriting decisions
- Communicating and sharing information with global underwriters/ local offices, brokers and other interested parties
- Handling large and/or complex cases with the view to escalating to the required licence holder and supporting them to ensure they are handled appropriately
- Managing and resolving complaints within own licence level in an appropriate fashion to maintain quality and continuity of relationships
- Managing customer expectations and delivering the relevant Brand promise whilst proactively identifying and pursuing cross-selling opportunities
- Making commitments, requests and offers to Brokers through commitment based management whilst ensuring Service Management and performance targets are met
- Providing advice and solutions to colleagues to address technical referrals for non-conventional and complex risks while maintaining good internal relationships to support the end-to-end delivery of the customer proposition
- Contributing to the production of new policy wordings and/or reviews of existing policy wordings to ensure policy documentation is current and accurate
- Perform account analysis according to underwriting guidelines including review of underwriting submissions
- Partial responsibility for budget performance, according to assigned portion of book of business
Qualifications for property underwriter
- Possess knowledge of time restraints for quotes on new and renewal
- Minimum 7+ years P&C underwriting experience
- BA/BS required or equivalent professional work experience
- Current relationships with key producers and strong market knowledge
- Ability to effectively communicate with internal and external stakeholders while demonstrating a positive, service-oriented approach
- Superior technical knowledge, proven presentation and decision making abilities
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Property Underwriter Job Description
Job Description Example
Our company is growing rapidly and is looking for a property underwriter. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for property underwriter
- Market facing and production within the Property Division
- Responsible for the San Francisco/West territory
- Analyzes new business and renewals for risk profitability in the commercial property industry by assessing exposures and hazards as determined by a review of the underwriting data, and according to underwriting guidelines, contract authority limits and company standards
- Proactively involved in the learning and development of underwriting skills, including coverages, wordings, exposures, pricing and factors that affect Property and Casualty
- Providing technical support, direction, guidance and advice to Sales & Underwriting colleagues to deliver market-leading products, secure profitable business and develop the underwriting function in line with the global Underwriting strategy
- Reviewing allocated large, complex or specialist cases and deliver underwriting decisions, following agreed processes at the designated authority level, in order to secure and retain profitable business within the agreed risk appetite
- Building and maintaining effective working relationships with other business areas and functions in order to maximise the effective operation of the team/department/unit
- Agreeing and organising the production and reporting of business information required to support and inform other business areas and activities on claims trends
- Supporting and encouraging the identification and implementation of appropriate new and/or better ways of doing things so as to improve service and/or efficiency
- Leading, contributing to and co-operating with audits and reviews, as required in order to support and enable the maintenance of an effective control environment
Qualifications for property underwriter
- Strong relationship management skills, with ability to build new relationships in order to take advantage of opportunities to increase market share through penetration
- Strong Technical Underwriter - previous experience of Property & Casualty
- Strong People manager – previous experience of developing people
- Strong Account Manager
- Broker facing expertise
- Drive the execution of Property Underwriting Emea strategy within various client cross-functional teams of France
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Property Underwriter Job Description
Job Description Example
Our company is growing rapidly and is looking for a property underwriter. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for property underwriter
- Ensuring appropriate license coverage within the team to manage and resolve complaints in an appropriate fashion to maintain quality and continuity of relationships
- Maintain and develop a book of treaty business within the corporate profitability guidelines
- Oversight of Canadian branch claims which are handled by our claims department in Morristown, New Jersey
- Report large risk losses and catastrophe losses to the branch steering committee 3 times per year
- Generate new offers and promote the Group by pro-active marketing in accordance with the strategy and guidelines defined by SBS managers
- Receive, select and evaluate offers of facultative from various sources, calculate pricing, negotiate conditions of the contracts
- Research, develop and report on new areas of profitable growth
- Maintaining an accurate computer database of approaches and risks accepted
- Control and verify premium income according to business plan
- Produce reports of various formats for reporting purposes as required
Qualifications for property underwriter
- Provide high-quality underwriting services and differentiated solutions to best serve client's needs
- Build and foster a collaborative team spirit, shapes culture of consultative sales, innovative solution creation and smart business origination
- Coach and mentor others to enhance their development and facilitating knowledge sharing
- Renew allocated existing book of business
- Negotiate final terms & conditions with the broker in line with the business plan and corporate guideline requirements
- Closely work with the team and using resources elsewhere in the Group (Products/ Risk Engineering /Claims Management/ Actuaries)
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Property Underwriter Job Description
Job Description Example
Our growing company is looking for a property underwriter. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for property underwriter
- Maintain relationships with clients and brokers
- Contribute to the claims settlements in conjunction with the claims department
- Responsible for the San Francisco territory
- Contribute to the strategic development of our Multinational portfolio
- Support the Commercial Property management team to manage the impact of regulatory change both internal and external (including audit & PRA regulation)
- Support the culture of continuous improvement in all areas including improving processes to make the business more efficient and creating an environment where people are encouraged to take initiative and responsibility
- Support the business to build a high performance culture by coaching on technical topics and referrals, supporting managers to develop their teams and build skills and knowledge to realise current and future business objectives
- Demonstrated track record of leadership of special projects, broker initiatives, product or service development, portfolio management and development of business and proactive pipelining
- Contribute to development of Line of Business (LOB) expert group and Property Portfolio strategy as requested
- Contribute to the development of the Property Cat Strategy
Qualifications for property underwriter
- Attend client and broker visits and site inspections where necessary
- Contribute to project work and special assignments
- Communicate and coordinate with global underwriting teams
- Represent Corporate Solutions in meetings with clients, brokers and at industry events and conferences
- Support local origination efforts across the lines while interfacing with clients/brokers
- Analyze and assess property submissions in respect of exposures and coverages