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Fine Art & Specie Underwriter

Job description

The role will be responsible for underwriting all risk codes within the Fine Art & Specie account, employing methods necessary to meet plan profitability, GWP and expense goals. Management and growth of the portfolio of business within appropriate underwriting discipline/guidelines. Marketing and servicing of existing and potential insured's.

  • Reviews applications and financial requirements for risks requiring technical underwriting skills
  • Determines acceptability of risk in accordance with company guidelines and standards
  • Recommends appropriate pricing and coverage modifications or enhancements for risks after complete analysis and consideration of applicant documentation, business factors and competitive situations
  • Prepares quotations and answers questions from Brokers, internal and external contacts and escalates issues as necessary
  • Prepares written communications on adverse underwriting decisions, rate appeals, underwriting requirements, status and declination's. Verbally notifies Brokers of decisions where appropriate in order to ensure clear understanding of the decision
  • Analyses quality, quantity, and profitability of risks underwritten and prepares reports for management review.
  • May assist in marketing products and services through the brokerage community and makes field visits.
  • Develops and maintains positive Broker relationships
  • Keeps current on state/territory issues, regulations and trends
  • Works with more senior underwriters or management on risks exceeding authority level or requiring special handling

Skills, Knowledge & Abilities

  • Prior experience of underwriting Fine Art & Specie
  • Knowledge of the Fine Art & Specie market and products including major Jewellers Block, Cash in Transit, Fine Art, and General Specie business
  • Developing technical expertise and negotiation skills
  • Strong interpersonal and communication skills
  • Ability to effectively interact with peer level internal and external business partners
  • Ability to work independently
  • Strong analytical and problem solving skills
  • Ability to exercise independent judgement and make sound business decisions effectively

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