Tokio Marine America
Production Underwriter- Ocean Marine
Tokio Marine America, Jersey City, New Jersey, United States, 07390
Overview
Responsible for the growth, development and management of producer distribution and new business underwriting for Ocean or Inland Marine Lines in an assigned territory.
Primary Job Duties
Initiates and manages relationships with the Producers who fit Tokio Marine Guidelines
Performs all marketing duties for respective Producers including in‑person visits to producers, and establishes production goals by Producer. Monitors the results of respective Producers and adjusts goals if necessary to ensure Production objectives are met
Produce new business and renew existing portfolio in accordance with plan
Achieve plan loss ratio by determining acceptability of risk based on underwriting guidelines and sound judgment
Work within established work‑flows to meet region time service goals
Services designated book of business within company's underwriting guidelines
Evaluates reviews and makes corrective actions on existing accounts, including midterm reviews as necessary
Makes recommendations on risks which exceed their letter of authority using established referral procedures
Controls new business, renewals, endorsements so that all related handling is processed timely and accurately. Gathering/evaluating information to determine acceptability of new accounts
Issuing quotations, issuing policies and endorsements
Issuing new business and cancellation/non‑renewal notices
Recommending and placing proper reinsurance (including facultative) when necessary and authorized
Promotes activities between the Marine Department, AEOs and producers to maximize renewals and new opportunities. Maintains good communications and relations with all AEOs, producers and clients
Assist Corporate Reinsurance, Accounting and Claims on problems as they arise
Assist in the training of other staff members
Prioritize and delegate work to meet department deadlines. Reviews previously performed work for quality, as necessary
Adheres to department goals and objectives. Assist Accounting in the timely collection of overdue premiums, keeping 90 day overdue premiums at a minimum
Assist junior members of staff in the timely collection of overdue premium reports
Reduce administration level within all areas of the department
Create new business ideas and systems to achieve overall Department Business Plan
Responsible for complying with proper internal controls as necessary to conduct job functions and/or carry out responsibilities and/or administrative activities at Company
Qualifications
Minimum of 5 years of ocean or inland marine underwriting experience preferred
Good oral and written communication skills
Ability to innovate and apply new ideas
Familiarity with Microsoft Office products (Excel, Word and Outlook)
Participation in insurance related courses
Salary and Benefits Salary range: $109,000 to $150,000. Ultimate salary offered will be based on factors such as applicant experience and geographic location. Our company offers a competitive benefits package and bonus eligibility on top of base.
TMA believes the perfect candidate is more than just a resume. If you don't meet every single requirement, but are still interested in the job, we encourage you to apply.
We offer a comprehensive benefit package, which includes a generous 401K match. Our rich history of outstanding results and growth allow us to focus our business plan on continued growth, new products, people development and internal career opportunities.
EEO Statement Tokio Marine Management is an Equal Opportunity Employer. In order to remain competitive we must attract, develop, motivate, and retain the most qualified employees regardless of age, color, race, religion, gender, disability, national or ethnic origin, family circumstances, life experiences, marital status, military status, or sexual orientation.
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Primary Job Duties
Initiates and manages relationships with the Producers who fit Tokio Marine Guidelines
Performs all marketing duties for respective Producers including in‑person visits to producers, and establishes production goals by Producer. Monitors the results of respective Producers and adjusts goals if necessary to ensure Production objectives are met
Produce new business and renew existing portfolio in accordance with plan
Achieve plan loss ratio by determining acceptability of risk based on underwriting guidelines and sound judgment
Work within established work‑flows to meet region time service goals
Services designated book of business within company's underwriting guidelines
Evaluates reviews and makes corrective actions on existing accounts, including midterm reviews as necessary
Makes recommendations on risks which exceed their letter of authority using established referral procedures
Controls new business, renewals, endorsements so that all related handling is processed timely and accurately. Gathering/evaluating information to determine acceptability of new accounts
Issuing quotations, issuing policies and endorsements
Issuing new business and cancellation/non‑renewal notices
Recommending and placing proper reinsurance (including facultative) when necessary and authorized
Promotes activities between the Marine Department, AEOs and producers to maximize renewals and new opportunities. Maintains good communications and relations with all AEOs, producers and clients
Assist Corporate Reinsurance, Accounting and Claims on problems as they arise
Assist in the training of other staff members
Prioritize and delegate work to meet department deadlines. Reviews previously performed work for quality, as necessary
Adheres to department goals and objectives. Assist Accounting in the timely collection of overdue premiums, keeping 90 day overdue premiums at a minimum
Assist junior members of staff in the timely collection of overdue premium reports
Reduce administration level within all areas of the department
Create new business ideas and systems to achieve overall Department Business Plan
Responsible for complying with proper internal controls as necessary to conduct job functions and/or carry out responsibilities and/or administrative activities at Company
Qualifications
Minimum of 5 years of ocean or inland marine underwriting experience preferred
Good oral and written communication skills
Ability to innovate and apply new ideas
Familiarity with Microsoft Office products (Excel, Word and Outlook)
Participation in insurance related courses
Salary and Benefits Salary range: $109,000 to $150,000. Ultimate salary offered will be based on factors such as applicant experience and geographic location. Our company offers a competitive benefits package and bonus eligibility on top of base.
TMA believes the perfect candidate is more than just a resume. If you don't meet every single requirement, but are still interested in the job, we encourage you to apply.
We offer a comprehensive benefit package, which includes a generous 401K match. Our rich history of outstanding results and growth allow us to focus our business plan on continued growth, new products, people development and internal career opportunities.
EEO Statement Tokio Marine Management is an Equal Opportunity Employer. In order to remain competitive we must attract, develop, motivate, and retain the most qualified employees regardless of age, color, race, religion, gender, disability, national or ethnic origin, family circumstances, life experiences, marital status, military status, or sexual orientation.
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