Associate Specialty Underwriter

This is not a traditional entry level insurance opportunity. Picture this - An employee traveling on business is forced into a vehicle as they exit their hotel. The employer receives demand for payment in exchange for the employee's safe release. Would you like to participate in the underwriting process for Kidnap & Ransom insurance policies, that may be triggered in this scenario? Do you want to work in the heart of the windy city, with occasional travel to visit brokers and the Crisis Management headquarters office in New York? We have a stimulating opportunity for a Kidnap & Ransom Underwriting Associate in our downtown Chicago office. In this role, which is part of the Crisis Management Division and Tokio Marine HCC - Specialty Group, you will join an entrepreneurial team of Underwriters and play a key role in results and strategy of the product. Tokio Marine HCC is the solution to a world that is changing at a pace not seen before. This is not traditional insurance - this is deeply technical and analytical business expertise that makes our clients' businesses triumph over their competition. We provide support during unpredicted events, which means our clients' businesses progress at their desired pace. Our entire company structure has been designed to empower our teams and individuals to guide our clients' critical decisions without bureaucracy and delay. TMHCC's parent company - Japan-based Tokio Marine Group - underpins and champions our growth innovation and steadfast commitment to our customers, while our flat and decentralized structure means every voice speaking on behalf of the customer is heard. And those voices are the best and brightest talent in the industry, working with the most innovative tools for collaboration, technology, and data. Our clients' success is the priority of every employee at TMHCC. Your role will be to evaluate new and renewal policy applications and related documentation to classify and assess risks, communicate and build relationships with brokers and other outside contacts, and create and maintain all underwriting documentation according to procedures and other departmental guidelines. Performance Objectives: Gain understanding of the underwriting process: During the first 30 days learn how to evaluate the unique risks of kidnap and ransom, review submissions and ask a lot of questions throughout the process. Review and Quote less complicated risks: During the first 90 days be able to quote easier risks, with little oversight needed. Understand more complex risks: During the first 6 months begin to understand more complex kidnap and ransom risks. Find creative solutions: During the first 60 days and beyond show critical thinking skills by finding creative solutions to write the business and satisfy both the client and the risk-taker. Your Skills and Experience: A bachelor's degree in business administration, Accounting, Finance, or a related field is required. The Kidnap & Ransom Underwriting Associate is an entry level position; internship(s) in business or a related area preferred. Office environment work experience is required. Intermediate proficiency and experience using Office 365 (Excel, Word, PowerPoint). Excellent written and verbal communications skills with an emphasis on confidentiality, tact, and diplomacy. Exceptional organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously. Adept and accurate data entry skills. Flexibility and willingness to learn. Adept at working as part of a team yet capable of working independently as needed. What we offer: Just as Tokio Marine HCC Group of Companies is customer centric, we are also employee centric offering our employees a competitive salary and employee benefit package, strong learning culture, collaboration, 401K match, paid parental leave, hybrid work schedule*, travel opportunities and an opportunity to love what you do. The Tokio Marine HCC Group of Companies are equal-opportunity employers. Please visit for more information about our companies. *Our hybrid work schedule - is 4 days in the office and 1 WFH, if desired, upon successful completion of a training period. Please consider this requirement before applying. If your experience matches these requirements, please apply WITH A COVER LETTER. #LI-KM1 #LI-Onsite #LI-Hybrid

Created: 2024-11-05