Financial Lines Underwriting Specialist @Mitsui Sumitomo Marine Management (USA), Inc.

[Hiring] Financial Lines Underwriting Specialist @Mitsui Sumitomo Marine Management (USA), Inc.

Apr 11, 2025 - Mitsui Sumitomo Marine Management (USA), Inc. is hiring a remote Financial Lines Underwriting Specialist. 💸 Salary: $180,000 to $220,000 per year. 📍Location: USA.

This description is a summary of our understanding of the job description. Click on 'Apply' button to find out more.

Role Description

We are seeking a detail-oriented and analytical Financial Lines Senior Underwriter to join our dynamic team. The ideal candidate will have a strong background in Financial Lines of insurance, including:

  • Directors and Officers (D&O)
  • Errors and Omissions (E&O)
  • Pension Trust Liability
  • Fidelity
  • Employment Practices Liability (EPLI)

The Financial Lines Senior Underwriter will be responsible for:

  • Evaluating insurance applications and determining coverage terms
  • Ensuring profitable underwriting results in line with company goals

Key Responsibilities:

  • Risk Assessment and Analysis:
    • Evaluate financial statements, credit reports, and other relevant documents to assess the financial stability and risk profile of potential clients.
    • Analyze industry trends and regulatory changes to identify potential impacts on underwriting decisions.
  • Underwriting and Policy Management:
    • Review and underwrite new and renewal business for financial lines of insurance, ensuring adherence to underwriting guidelines and standards.
    • Determine appropriate coverage terms, conditions, and pricing based on risk assessments.
    • Develop and maintain underwriting guidelines and policies to ensure consistency and compliance.
  • Relationship Management:
    • Develop and maintain strong relationships with brokers, agents, and clients to facilitate the underwriting process and provide exceptional customer service.
    • Collaborate with the claims and legal departments to address complex underwriting issues and resolve disputes.
  • Portfolio Management:
    • Monitor and manage the financial performance of the financial lines portfolio, ensuring profitability and growth targets are met.
    • Prepare regular reports on underwriting performance, highlighting key trends, challenges, and opportunities.
  • Continuous Improvement:
    • Stay up-to-date with industry developments, regulatory changes, and best practices in financial lines underwriting.
    • Participate in training and development programs to enhance underwriting skills and knowledge.

Qualifications

  • Bachelor's degree in Finance, Accounting, Business Administration, or a related field
  • Minimum of 5 years of experience in financial lines underwriting or a related field
  • Professional designations such as CPCU, RPLU, or similar are preferred

Requirements

  • Strong analytical and problem-solving skills with the ability to make sound underwriting decisions
  • Excellent communication and interpersonal skills to build and maintain relationships with brokers, clients, and internal teams
  • Proficiency in financial analysis and interpretation of financial statements
  • Detail-oriented with strong organizational skills and the ability to manage multiple tasks and deadlines
  • Proficiency in underwriting software and Microsoft Office Suite (Excel, Word, PowerPoint)

Benefits

  • The estimated salary range for this position is $180,000 to $220,000 per year
  • This is a good-faith assessment of the salary range for this position only
  • In determining the actual salary within this range, MSIG USA will consider a candidate’s relevant experience, location, and other job-related factors

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📍 Be aware of the location restriction for this remote position: USA
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Financial Lines Underwriting Specialist @Mitsui Sumitomo Marine Management (USA), Inc.
Finance / Legal
Salary 💸 $180,000 to $220,000 per year
Remote Location
USA
Job Type full-time
Posted Apr 11, 2025
Apply for this position Unlock 54,226 Remote Jobs
📍 Be aware of the location restriction for this remote position: USA
Beware of scams! When applying for jobs, you should NEVER have to pay anything. Learn more.
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