Professional Liability Underwriter Position Description
Join the Tuscano Agency for an exciting opportunity to utilize insurance knowledge in the Professional Liability line of business. We are a growing company in an interesting and challenging segment of the insurance industry, and we are always looking for talented individuals to join our team. If you have experience working in Property and Casualty insurance or think you would like to work for a company who is passionate about excellence and customer service, we invite you to send us your resume.
This is a summary and is intended to help a candidate understand the general concepts and responsibilities required for this position. Tasks and responsibilities may be added, deleted or changed as our business changes.
About Tuscano:
For over 50 years the Tuscano Agency has provided insurance solutions exclusively to our customers, the retail agent and broker. We have been recognized as a Top Workplace in the Pittsburgh region each year since 2011. We are a growing company with 100+ employees, most of whom work from our Greensburg office with teleworking options available. As an insurance wholesaler, we work with independent insurance producers in 21 states and Washington DC. Our work is fast paced with a focus on professional knowledge of the products we sell and a commitment to excellence in customer service. We are passionate about giving back to our community and believe in taking an active role in the broader insurance community. At the Tuscano Agency, we face challenges and every day we rise to face those challenges together. Every day we learn something new. Every day we learn something new, have fun together and care for each other.
Essential Job Duties & Responsibilities:
- Underwrite/Rate/Submit/Quote new business.
- Display the ability to work on highly complex risks (higher values, multiple coverages and layers).
- Exhibit comprehensive knowledge of insurance products, coverages and pricing practices, including market trends. Ability to educate and explain same to internal and external customers.
- Deep understanding and knowledge of Professional Liability insurance products, coverages and pricing practices, including market trends. Be able to educate and explain to agents and other underwriters internally.
- Effectively negotiate terms, coverages, pricing and commission with carriers and/or agents.
- Utilize effective investigative skills to review risks.
- Demonstrate the ability for advanced account selection to determine what risks are the best opportunities to write profitable business.
- Consistently meet/exceed growth goals and ensure profitability.
- Mentor and coach other teammates and guide them in the right direction through training, explaining, and listening.
- Continuously teach our current staff/new hires to build up their confidence levels.
- Be the resident expert that internal and external customers seek for guidance and assistance.
- Build a connection with our customers to facilitate more submissions. Cultivate key broker relationships in the region to maintain a steady stream of business within our underwriting appetite.
- Work jointly with other teams within the organization to promote cross selling.
- Coordinate agency visits (in-person/virtual) to build book of business.
- Attend professional, agency and insurance related events.
- Meet profitability, retention and written premium goals determined by management.
- Submit bind requests to brokerage markets with subjectivities addressed. Coordinate additional binding steps with Associate Underwriters.
- Direct the management of the renewal book of business; assist Assistant Underwriters with Renewals/Remarkets when necessary to ensure it is handled within established time standards.
- Ensure compliance with underwriting guidelines and manuals, as well as federal and state insurance laws and regulations.
- Assist and support Associate Underwriter to provide guidance and answer questions.
- Provide direction with MGA bind requests as needed.
- Provide direction on inspection reports as needed.
- Provide assistance and/or direction with endorsements as needed.
- Help and/or direction with policy correspondence as needed.
- This position is considered an exempt position.
- Other related duties as assigned.
Competencies & Qualifications:
Skills are acquired through experience and training.
- Five years of experience in insurance is required, specifically in Professional Liability.
- Self-starter who independently seeks out opportunities to learn and succeed.
- Build strong relationships with markets and retail producers.
- Collaborate with team members and build positive working relationships.
- Possess a knowledge of markets utilized by Tuscano (brokerage and MGA) and understand each company’s appetite.
- Effectively apply guidelines from Company Underwriting Manuals.
- Understand classification of risks and the factors used to determine rates.
- Understand and explain basic insurance principles.
- Ability to prioritize work in an effective manner.
- Excellent customer service skills that align with our customer service expectations.
- Exhibit proficient computer skills including Microsoft Office.
Required Licenses:
- Hold a current Property & Casualty Producer License.