Assistant Underwriter I

Job Description

Marketing Statement

Philadelphia Insurance Companies, a member of the Tokio Marine Group, designs, markets and underwrites commercial property/casualty and professional liability insurance products for select industries.   We have been in operation since 1962 and are nationally recognized as a member of  Ward's Top 50 and rated A++ by A.M.Best.

Duties

We are looking for a Assistant Underwriter I (Location: Nationwide) to join our team

Summary -

Provides support to property & casualty (P&C) underwriting units by handling routine rating, endorsements, new business/renewals and other basic underwriting functions.

A typical day will include the following:

• Processes (P&C) new business/renewals and endorsements for assigned accounts and handles basic (P&C) underwriting analysis for some routine new and renewal business applications.
• Communicates with appropriate colleagues about (P&C) needs, changes or concerns regarding assigned accounts.
• Maintains records of property & casualty (P&C) losses, endorsements or other pertinent information on assigned accounts.
• Understands key components of common products in the property & casualty line of business or insurance segment.
• Accurately enter all risk and exposure information into underwriting rating system following the company's filed rules, rates and underwriting appetite to calculate premiums which adequately reflect applicant's exposure all while remaining within given underwriter authority.
• Maintain knowledge of underwriting rates, rules and guidelines on assigned programs, products, and geographic regions as well as knowledge on overall company workflow, procedures and products

Qualifications

Successful candidates will have the following: 

• High School diploma or equivalent is required.  Some college is preferred.      

• One to three years of assistant underwriting experience preferred.      

• Computer proficiency with Windows and office support software.

EEO Statement

Tokio Marine Group of Companies (including, but not limited to the Philadelphia Insurance Companies, Tokio Marine America, Inc., TMNA Services, LLC, TM Claims Service, Inc. and First Insurance Company of Hawaii, Ltd.) 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,  sexual orientation and/or any other status protected by law. 

Benefits

We offer a comprehensive benefit package, which includes tuition reimbursement and 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.  If you enjoy working in a fast paced work environment with growth potential please apply online.

Additional information on Volunteer Benefits, Paid Vacation, Medical Benefits, Educational Incentives, Family Friendly Benefits and Investment Incentives can be found at  https://www.phly.com/Careers/default.aspx

Salary

• National Range - $45,000-50,300

• Ultimate salary offered will be based on factors such as applicant experience and geographic location.

Applications will be considered until October 20, 2024.

This position is eligible to participate in the Company's Incentive Performance Plan.