Assistant Product Underwriting Specialist

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

This role supports the Corporate Underwriting team by assisting with product development, underwriting guidelines, and portfolio performance analysis to promote profitable growth. As an Assistant Product Underwriting Specialist, you will be a member of the product team working with the Property and Casualty Product staff for assigned lines of business. You will assist the product team’s responsibility for developing and managing underwriting, pricing and product strategy that positions Tokio Marine to meet clients’ needs, build company revenues and achieve our corporate objectives. This includes assisting in the development and execution of strategies, growth and enhancing the underwriting expertise within the company.

Essential Job Functions

Works with Product Specialists to maintain and continually improve a specific insurance product line including the assessment of the portfolio to ensure profitability

Research forms, rates and rules to assist field underwriting and the company overall on rate, rule and form issues.

Supports product development including associated pricing and underwriting tools, rate, rule and form filings coordinated with actuaries; manage current filings; and, review rate, rule, form changes to make basic new filings as assigned.

Contributes to the development of Underwriting guidelines and rules for execution by Field Underwriting

Participates in underwriting reviews of business segments and supports internal audits and Market Conduct exams.

Collaborates and maintains strong relationships with all internal departments.

Assists with the execution of compliance specifications, including the creation of tools and resources essential for sustaining compliance requirements.

Through research and reporting assists the CUW and TMA Executive leadership in initiatives, projects and general areas for assigned lines.

Supports training as needed

Assist in systems implementation for corporate underwriting matters

Collaborates, designs, reviews and/or recommends policies, procedures and technology to improve operational efficiency, underwriting profitability and regulatory compliance.

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

College Degree or equivalent experience preferably in finance, insurance or a related field

2-3 years insurance experience preferred

Extensive Personal Computer skills such as excel and document management.

Excellent verbal and written communication skills

Positive team participation and attributes preferred

Salary range $80,000 to $95,000. 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.

Work Location: Hybrid remote in Jersey City, NJ 07310