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Manager, Global Business Underwriting- Hybrid, Jersey City, NJ

Job ID: 10000020
Date Posted: Mar 26, 2024
Department ID: TM0927 GBU
Company: Tokio Marine Management Inc.

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Job Description

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.

Job Summary:

Manage the activities of the Underwriting unit to ensure quality, on time delivery of our work product including quotes, new lines, endorsements and renewals. Underwrite commercial risks in accordance with Tokio Marine Management's corporate goals and guidelines.  Support new business production through producer and customer visits.

Essential Job Functions:

  • Review new business, renewal and endorsement requests.  Gather data, analyze and evaluate all information provided.  Obtain additional information as needed to determine acceptability based on underwriting guidelines and sound judgment.

  • Manage all personnel within your underwriting unit. Recommend salary adjustments, promotions, transfers and terminations.

  • Assess training needs of Underwriting staff and assist in implementing staff Development Plans.

  • Cooperate with co-workers to foster a teamwork-based atmosphere.  Establish and monitor workflows to meet goals.

  • Establish and maintain positive, professional relationships with producers.  Utilize effective sales and negotiation skills to obtain and retain accounts on the most profitable terms available to TMA.

  • Work closely with other internal departments such as Client Solutions, Loss Control, Claims, Premium Audit and Accounting to meet client service goals and increase knowledge on your accounts. 

  • Follow TMA and Department of Insurance Guidelines to ensure the profitability and compliance of your book of business.  Train other team members and participate in the self- audit process to ensure compliance.

  • Lead and/or participate in the implementation of Strategic Initiatives (Company, Dept, Region or branch)

  • Prepare and/or provide input into reports or special projects as designated.

  • Responsible for complying with proper internal controls as necessary to conduct job functions and/or carry out responsibilities and/or administrative activities at Company.

Qualifications:

  • Bachelors degree preferred.

  • Commercial Casualty Underwriting Experience

  • 10 Years of Carrier Experience

  • Proven supervisory or line management skills.

  • Proven initiative and judgement to resolve routine problems independently or effectively utilize appropriate resources.

  • Proficiency with Personal Computer and related software application (MS Office, etc.)

  • Proven verbal and written communication skills

  • Participation in related insurance coursework (AAI, CPCU, ARM, etc.)

Salary range of $135k - $185k. 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.

TMA believes the perfect candidate is more than just a resume. If you don't meet every single requirement, but are still interested in the job, we encourage you to apply.

Benefits:

We offer a comprehensive benefit package, which includes a generous 401K match. Our rich history of outstanding results and growth allow us to focus our business plan on continued growth, new products, people development and internal career opportunities.  

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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