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VP Senior Property Underwriter

ExecuNet Chicago Full-Time
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Job Summary

A Property Underwriter is responsible for underwriting individual large industrial Property accounts (focusing on Fortune 2000 type business), carrying out the marketing plan, maintaining technical underwriting expertise, and communicating market developments. The Property portfolio is focused on manufacturing or other industrial type occupancies and related activities. Most of the business is written as Insurance, although reinsurance is also an option.   

Key duties and responsibilities

Marketing retail brokers, reinsurance brokers, and insurance companies to obtain suitable business and negotiate acceptable terms and conditions. Travel throughout the region serviced by the office is required. Extensive knowledge of property broker network. • Evaluating the technical aspects of risks, both from an engineering and underwriting standpoint. • Determining acceptable underwriting terms and conditions to write profitable business. • Determining exposures, normal loss expectancies (NLE’s) and maximum possible loss (MPL). • Pricing of risks for both quota share, and excess layers. • Issuance of necessary paperwork such as binders, policies, certificates and endorsements. • Maintenance of complete underwriting files. • Servicing accounts for renewals and other items, including meetings with Brokers, Insurance Companies, and Risk Managers. • Review and approval of policy wording. • Assistance with premium collections when necessary. • Evaluation of claims, in co-operation with the claims department.   

Required experience & competencies Experience:  

 A minimum of 10 to 15 years underwriting experience or equivalent in the USA of large industrial property risks with a large insurance/ reinsurance company required, with a good knowledge of the primary broker network in that places these risks. Personal Competences: • Knowledge of Microsoft Word, Excel and Power Point • Excellent analytical and communication skills, and negotiating ability. Managerial competences (if applicable):

Experience with Nat. Cat. referrals preferred   

Required Education:

Bachelor Degree required - an engineering degree preferred, but not mandatory • CPCU and/or ARe classes or other insurance studies preferred 


Skills required

Casualty Insurance
Unsecured Debt
Retail Banking
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Job ID: 584124


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