Job ID:                          296259
Company Name:    ACE Limited/ACE INA
Job Category:            Insurance
Location:                         Philadelphia, PA
Position Type:        Full-Time, Employee
Experience:                2-5 Years Experience

The ACE Group of Companies is one of the worlds leading global commercial property and casualty insurance and reinsurance organizations, with 16,000 employees worldwide and offices in more than 50 countries.

ACE serves the property and casualty insurance needs of businesses of all sizes in a broad range of industries. We also provide specialized insurance products—such as personal accident, supplemental health and life insurance—to individuals in select countries. Our reinsurance operations include both property and casualty and life companies.

Details of this critical opening follow:

A. Title: Senior Underwriter

Scope

Fundamentals of coverage, terms and conditions. Ability to offer coverage, terms and conditions which generate a profit for the Company while meeting the needs of the customer.

Risk Assessment. Ability to identify risk exposures, special or common hazards, and appropriate controls. Ability to select risk based on exposure and risk analysis. Ability to analyze claims and quantify losses.

Financial proficiency. Understanding of financial statements and ratios used in risk analysis. Understanding of insurance financial fundamentals; impact of underwriting decisions on company assets. Ability to understand credit risk.

Actuarial fundamentals. Ability to understand loss trends, loss triangles, and ratemaking. Ability to quantify risk based on experience history and forecasting methods.

Marketing and Communications. Ability to sell and negotiate to achieve bottom line profitability for the Company. Ability to make presentations and communicate articulately. Ability to base communications on strategic thinking. Ability to manage producer strategy.

Systems and programs. Ability to use systems and software programs needed to conduct daily business.

B. KEY OBJECTIVE: Under limited supervision, primary responsibility is to underwrite individual risks.

B. MAJOR DUTIES & RESPONSIBILITIES:

Duties may include but are not limited to:

a. Solicits new and renewal submissions from brokers

b. Determines terms and conditions and complex rating plans

c. Binds coverage

d. Documents the underwriting files

e. Handles more complex files and portfolios within underwriting authority

f. Guides and mentors junior staff

C. SCOPE

D. MINIMUM REQUIREMENTS:

* 5-7 years underwriting experience

* Experience underwriting multiple lines of insurance

* Bachelor’s degree

E. DESIRED QUALIFICATIONS:

* Knowledge of insurance industry

* Knowledge of underwriting concepts, practices, and procedures

* Microsoft Word, Excel, and Outlook

* Internet usage

* Oral and written communication skills

* Negotiation skills

* Marketing skills

* Basic leadership skillsACE offers a competitive salary plus cash bonus, equity opportunities and a comprehensive benefits package including life, health, dental, vision, a generous retirement savings plan with a generous company match, disability coverage, stock purchase plan, flexible spending accounts, tuition reimbursement, and business casual dress.

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Tags: bottom line profitability, commercial property and casualty insurance, Communications, comprehensive benefits, Insurance, PA, Philadelphia, property and casualty, reimbursement, risk exposures, written communication