Program Underwriter

Falls Lake Insurance Company is the specialty admitted segment of James River Group Holdings, Ltd. and has been named a Best Place to Work by Business Insurance 2015, 2016 and 2017.  Recently, James River Group received national recognition as a 2021 Top Workplaces USA winner.

We are committed to providing a stable and rewarding work environment supported by our Core Values and Guiding Principles: Integrity, Accountability, Innovation, Customer Service, Communication, and Teamwork.

James River Group Holdings, Ltd. is a Bermuda-based insurance holding company which owns and operates a group of specialty insurance and reinsurance companies. The Company operates in three specialty property-casualty insurance and reinsurance segments: Excess and Surplus Lines, Specialty Admitted Insurance and Casualty Reinsurance. The Company tends to focus on accounts associated with small or medium-sized businesses in each of its segments. Each of the Company's regulated insurance subsidiaries are rated "A-" (Excellent) by A.M. Best Company.

Job Summary

As a Program Underwriter, you will support our commercial transportation programs. This is a tremendous opportunity to work alongside some of the best Program Managers in the commercial insurance business. Program Underwriters are responsible for reviewing and analyzing critical underwriting data in order to determine if risks meet corporate underwriting standards, calculate appropriate premium and ascertain proper terms for acceptable risks and respond to program administrators when risks do not meet underwriting guidelines. A key factor of success in this role is executing on developing and maintaining profitable business relationships with program administrators.

Duties and Responsibilities

  • Continuously exhibit and uphold Core Values of Integrity, Accountability, Communication and Teamwork, Innovation and Customer Service

  • Solicit profitable business from assigned program administrators and managing general agencies

  • Analyze new business opportunities and develop renewal strategies

  • Evaluate program performance in conjunction with Claims and Actuarial staff

  • Attain quote, premium and division goals as assigned

  • Monitor, evaluate and manage program administrators and/or managing general agencies thru regular underwriting file reviews, monthly calls/meetings, referrals and agency analysis

  • Develop and maintain strong relationships with program administrators

  • Use critical thinking and problem-solving skills to negotiate with brokers on placements

  • Conduct competitor research

  • Travel to meet with assigned program administrators

    Experience and Education

  • Bachelors Degree preferred

  • 2+ years of related underwriting experience, preferably commercial underwriting experience

  • Preferably pursuing courses toward professional designations or continuing education.

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  • Posted
    09/01/2021
    Location
    Raleigh, NC 27601, US