Underwriter (Excess Casualty)

James River Management Company
Richmond, VA Full Time
POSTED ON 4/30/2024 CLOSED ON 5/14/2024

What are the responsibilities and job description for the Underwriter (Excess Casualty) position at James River Management Company?

Underwriter (Excess Casualty)
Richmond, VA, USA * Virtual Req #94
Monday, April 29, 2024

Come grow with James River Insurance!

James River Insurance is an excess and surplus lines segment of James River Group Holdings, Ltd. and operates on an approved non-admitted basis in 50 states and Washington, DC. Since 2003, James River has provided thousands of commercial property and casualty customers with innovative and creative solutions for particular insurance needs.

At James River Insurance, we are committed to providing a stable and rewarding work environment supported by our Core Values and Guiding Principles: Integrity, Accountability, Innovation, Customer Service, Communication, and Teamwork. We are proud of our recent national recognition as a 2023, 2022, and 2021 Top Workplaces USA awards.

James River Group Holdings, Ltd. is a Bermuda-based insurance holding company which owns and operates a group of specialty insurance and reinsurance companies. The Company operates in two specialty property and casualty insurance segments: Excess and Surplus Lines and Specialty Admitted Insurance. The Company tends to focus on accounts associated with small or medium-sized businesses in each of its segments. Each of the Company's regulated insurance subsidiaries are rated "A-" (Excellent) by A.M. Best Company.

Underwriter -

Job Summary

The Underwriter will be responsible for reviewing and analyzing underwriting data in order to determine if risks meet corporate underwriting standards calculate appropriate premium and determine proper terms for acceptable risks and respond to brokers when risks do not meet underwriting guidelines. Underwriters are also responsible for developing and maintaining profitable business relationships with brokers.

Duties and Responsibilities

  • Continuously exhibit and uphold Core Values of Integrity, Accountability, Communication and Teamwork, Innovation and Customer Service
  • Analyze new business opportunities and develop renewal strategies.
  • Attain quote, premium and division goals as assigned.
  • Develop and maintain strong relationships with brokers.
  • Use critical thinking and problem-solving skills to negotiate with brokers on placements.
  • Travel to meet with brokers within assigned territory at least three times per year.
  • Other duties as assigned.

Knowledge, Skills and Abilities

  • Ability to effectively and properly select, evaluate, model, determine coverage, rate, document, quote and bind accounts.
  • Ability to effectively assess risk.
  • Excellent verbal and written communication skills
  • Ability to work independently or in a team environment to complete assignments within the parameters of instructions given, prescribed processes and standard accepted underwriting practices.
  • Solid knowledge of underwriting philosophy and techniques
  • Proven problem solving and decision-making skills.
  • Strong negotiation skills
  • Ability to multi-task
  • High level of initiative and motivation
  • Strong work ethic with a drive to succeed.
  • Solid customer service and relationship building skills.
  • Proficiency in MS Office (Word, Excel, Outlook) and Internet researching

Experience and Education

  • Bachelor's Degree or equivalent work experience
  • Minimum of 2 years of related underwriting experience preferably in Excess and Surplus lines
  • Preferably pursuing courses toward professional designations or continuing education.

Other details
  • Job Family Underwriting
  • Job Sub Family Operations
  • Pay Type Salary
  • Travel Required Yes
  • Required Education Bachelor's Degree
  • Job Start Date Monday, April 29, 2024
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