Professional Liability Underwriter (Hybrid) - VicUS#

Company:
Marsh
Description:
Victor Insurance Holdings is the world's largest managing general underwriter with locations in the US, Canada, UK, Netherlands, Germany, Italy, and Australia. It handles more than $2.5 billion USD in premium on behalf of numerous insurance carriers, through a large network of more than 25,000 active insurance agents and brokers. With deep, specialized underwriting expertise, the company provides a wide range of insurance coverage - from specialty property and casualty and Professional Liability insurance to group and retiree benefits. Victor Insurance is committed to building on 60-plus years of experience to develop products that address risk in new and evolving areas. For more information, visit www.victorinsurance.com.
Victor Insurance is seeking a Professional Liability Underwriter. This is a hybrid role based in Bethesda, MD.
What can you expect?

• Responsible for the management of an existing renewal portfolio and new business generation
• Reviews submissions, including financial statements and legal documents, to determine proposed premiums and coverage conditions
• Works closely with external broker distribution force to negotiate pricing and policy provisions
• Maintains portfolio profitability and ensures compliance with both state and carrier guidelines.
• In addition to managing a robust book of business, the ideal candidate will have the ability and desire to grow and own their assigned territory through aggressive prospect pipeline management and achievement of new business premium goals.

What is in it for you?

• A company with a strong brand, with experience developing solutions for today's and tomorrow's toughest challenges
• A culture of internal mobility, diversity, inclusion, and collaboration
• Employee Resource Groups which provide access to leaders, relevant volunteer and mentoring opportunities, and interactions with counterparts in industry groups and client organizations
• Flexible work opportunities for work/life balance
• Competitive pay and a full benefits package, starting Day 1 (Medical, Dental, Vision, Short- and Long-Term Disability and Life Insurance, Employee Stock Purchase program, and a generous paid time-off allowance); plus, a fixed company contribution AND a company match on your 401k, after one year of service

We will count on you to:

• The ability to review and document accounts based on program authority. Engage carrier program manager to gain authority for underwriting exceptions.
• Reviews and analyzes major submissions without assistance and identifies new business opportunities to generate new accounts while maintaining a book of existing business.
• Completes policy issuance and handles account transactions by negotiating and obtaining mutual agreement from clients, and binds coverage and initiates issuance of documents.
• Systems Support - Ability to adapt to various systems and develop the skills necessary to support client management, continued development and testing
• Reviews and analyses new submissions for context and requirements in adherence to state laws and regulations for ratings and quotations.
• Establishes and maintains business relationships with carriers and brokers to negotiate terms and conditions and to expand business with the client account.

What you need to have:

• Commercial underwriting experience
• Strong analytical aptitude and critical thinking as demonstrated through work assignments
• Detail orientation and a desire to learn
• P&C license mandatory, or ability to obtain
• Proficient skills in Excel, Word, PowerPoint, Adobe Acrobat, & PAS/Underwriting systems

What makes you stand out:

• Professional Liability Underwriting experience would be highly preferred.
• Ability to build strong relationships and build rapport with internal colleagues, brokers and carriers
• Resourcefulness with the ability to bring solutions and ideas to the firm.
• Being a part of a collaborative team to make an immediate impact while handling multiple priorities with competing deadlines.

Marsh McLennan (NYSE: MMC) is the world's leading professional services firm in the areas of risk, strategy and people. The Company's 85,000 colleagues advise clients in 130 countries. With annual revenue of over $20 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses. Marsh provides data-driven risk advisory services and insurance solutions to commercial and consumer clients. Guy Carpenter develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. Mercer delivers advice and technology-driven solutions that help organizations redefine the world of work, reshape retirement and investment outcomes, and unlock health and well being for a changing workforce. Oliver Wyman serves as a critical strategic, economic and brand advisor to private sector and governmental clients. For more information, visit marshmclennan.com, or follow us on LinkedIn and Twitter.
Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, veteran status (including protected veterans), or any other characteristic protected by applicable law. If you have a need that requires accommodation, please let us know by contacting TANA@mmc.com.
Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local based teams will identify at least one "anchor day" per week on which their full team will be together in person. office or working onsite with clients at least three days per week. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person.
Victor offers a connected culture of talented, inspired individuals, and a work environment where colleagues can grow and succeed. We value diversity in thought and background and are looking for individuals who are up for the challenge of creating the insurance enterprise of the future. If that's you, join us on our journey-because together, we are all Victors.