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Underwriting Analyst, LCP

Location: New York, NY, United States
Date Posted: Feb 28, 2023

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Job Description

Marketing Statement

About Tokio Marine:

Tokio Marine has been conducting business in the U.S. market for over a century and we are licensed in all states, Puerto Rico and the District of Columbia, and write all major lines of Commercial Property and Casualty Insurance. We provide unique insurance and risk management tools from our experienced staff of account executives, underwriters and loss prevention engineers and fair and timely claim settlement from a skilled team of claim professionals. We work with major brokers and leading independent insurance agents throughout the United States to serve the world's largest and most distinguished organizations.

We are committed to creating value for our customers by providing ANSHIN (safety, security and peace of mind). We strive to be creative and passionate as we work towards our long-term success.

Tokio Marine Holdings is Japan's oldest, and one of the largest property and casualty insurers. Founded in 1879, TMNF operates worldwide in 47 countries. With annual revenues of approximately $50 billion and an A.M. Best rating of A++, one of the highest in the industry, we are one of the top 20 insurance providers worldwide.

Duties

Job Summary:

Responsible for assisting underwriting operations to underwrite and process commercial property risks in accordance with Tokio Marine America's Large Commercial Property (LCP) segment corporate standards and guidelines. Possess the ability to handle a multitude of projects simultaneously including but not limited to: Underwriting support and segment operation support.

Essential Job Functions:

  • Works with and supports underwriters to ensure that the Underwriting process is conducted compliantly, in adherence to standards and guidelines and within specified time frames
  • Perform analysis and review of information in connection with complex new and renewal submissions
  • Communicate with brokers to obtain information needed for rating, pricing and overall policy evaluation  
  • Conduct and assist the process of UIS set up and catastrophe risk modeling coordination with RMS
  • Coordinate policy booking, reinsurance entry and policy issuance instructions to Operations team
  • Use multiple systems to conduct daily tasks, organize to prepare new and renewal business
  • Assist all file documentation standards including deregulation, NY Free Trade Zone, Rule 34,
  • Rule 15 accurately within required time frames, and generally operate within all department of insurance requirements
  • Maintain segment workflow operational exhibits and segment SOP exhibits
  • Assist in review of insurance and reinsurance certificates
  • Effectively communicate with internal and external personnel
  • Handle multiple projects on time sensitive deadlines in a high volume environment
  • Maintains and improves customer service standards
  • Develop a high degree of trust through demonstrated personal integrity, compliance with  internal controls and a commitment to excellence
  • Liaise with other departments (Operations, Claims, Reinsurance, Premium Accounting) 
  • Contribute and participate in Underwriting team meetings by identifying appropriate topics and presenting them to the group
  • Provide a forum to share information, ideas and best practices through networking with Underwriting Analysts in other offices 
  • Demonstrates a high degree of ownership to resolve questions or problems in the most efficient and effective way possible.

Qualifications

  • College degree preferred
  • At least 2 years of property underwriting or underwriting assistance experience with larger sized risk management customers preferred
  • Good oral and written communication skills
  • Strong work ethic and ability to innovate and apply new ideas
  • Proficiency with Microsoft Office programs and saleforce.com

Salary range of  $65,000- $80,000. 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.

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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