Underwriter - Senior Underwriter Sports & Entertainment

James River Management Company
US - North Carolina - Raleigh
July 7, 2024

Underwriter - Senior Underwriter (Sports & Entertainment)

Alpharetta, GA, USA * Raleigh, NC, USA * Richmond, VA, USA * Scottsdale, AZ, USA * Virtual
Req #110

Wednesday, May 22, 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.

Job Summary

Under the direction of the Underwriting Manager or Division Manager the Associate Underwriter will learn how to review and analyze underwriting data in order to determine if risks meet corporate underwriting standards, calculate appropriate premium, determine proper terms for acceptable risks and respond to brokers when particular risks do not meet underwriting guidelines. Associate 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
Increase knowledge of key insurance concepts through on the job training, assigned manuals and self study
Successfully learn and begin to review submissions, analyze and document key exposures, price accounts and complete worksheets.
Accept, modify or reject risks
Attain premium, loss ratio and service goals as assigned
Complete policy maintenance requirements
Check issued policies for accuracy
Review upcoming renewal applications, and prior year renewal files, to ensure risk still meets underwriting requirements. Prepare renewal files for quoting.
Begin to build and develop relationships with key wholesale broker clients
Dependent upon performance the Associate Underwriter will travel at least 3 times with per year with an experienced Underwriter to meet with brokers
Other duties as required

Knowledge, Skills and Abilities

Aptitude for learning how to effectively assess risk
Must be able to pursue a professional designation or BISYS coursework within the first year of employment.
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
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

Associate Underwriter

Bachelors Degree or a minimum of 3 years of relevant work experience
Industry associated classes or courses preferred

Underwriter

Bachelors 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.

Senior Underwriter

Bachelor's degree or equivalent work experience
Minimum of 5 years underwriting experience, preferably in Excess and Surplus lines
Professional designation is preferred

Other details

Job Family
Underwriting
Job Sub Family
Operations
Pay Type
Salary

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