Life Sciences Senior Underwriter - Medmarc
Proassurance

An exciting opportunity exists to join the ProAssurance family of companies!

Our mission is powerful and simple: We protect others. Choosing a place to apply your talents is an important decision for anyone. You have plenty of options. Why choose ProAssurance?

At ProAssurance, we sell a pledge, and that pledge is delivered by our team members. We are seeking individuals who value integrity, leadership, relationships, and enthusiasm-and want to build their career with a great company where they can be their authentic self and feel valued, recognized, and rewarded for their contributions. ProAssurance specializes in healthcare professional liability, products liability for medical technology and life sciences, legal professional liability, and workers' compensation insurance. We are an industry-leading specialty insurer operating in all 50 states, with in-office, hybrid, and remote job opportunities around the country.

This position supports our life sciences line of business, Medmarc, and can be fully remote. Candidates should be located near a major airport in order to meet the business needs of the position. Preference is for this position to be based on the East Coast - Philadelphia, New York and Boston are strongly preferred; however, we will consider qualified candidates located in the CST time zone.

For full consideration, candidates should have life sciences underwriting experience.

Job Summary:

The Senior Underwriter - Life Sciences (the "Senior Underwriter") executes on the strategic initiatives and business plan of this specialized insurance carrier that provides products liability coverage to the life sciences industry, including the manufacturers and distributors of medical devices and pharmaceuticals. He or she will write profitable new business and retain existing policyholders in an assigned regional territory. The Senior Underwriter will make underwriting decisions within his or her authority with little oversight from senior members of the team and conduct account-related research independently. The Senior Underwriter will interact frequently with Medmarc's brokers and insureds and provide excellent customer service to develop and build broker relationships that will grow his or her new-business pipeline. The Senior Underwriter identifies target accounts and converts them to new-business opportunities.

The Senior Underwriter works with colleagues in Claims and Risk Management to analyze account-related data and formulate appropriate underwriting actions. As the Senior Underwriter progresses in the job role, he/she will be comfortable working with a variety of accounts that Medmarc insures, including those from most market segments. Additional responsibilities for the Senior Underwriter include providing support to the Department's operations, such as by participating in projects or special initiatives.

Essential Duties and Responsibilities:

• 30% - Underwrite new and renewal submissions to assess insurability. Create terms and conditions for each applicant based on underwriting guidelines, program rates, and coverage forms. Compare the year-over-year risk profile and loss information and take necessary steps to ensure that each risk is classified and priced appropriately.
• 20% - Participate in business-development efforts to help identify, acquire, and retain target accounts.
• 20% - Provide research related to developing risks and analyze loss exposures independently or with little oversight.
• 20% - Assist with preparing coverage forms and endorsements for complex accounts at the direction of senior team members.

Secondary Responsibilities:

• 10% - Participate in meetings with brokers and policyholders individually or as a member of the account management team.

Qualifications:

• A bachelor's degree is required with a preference for study in Insurance, Business Administration, or Life/Biological Sciences. A high school diploma or G.E.D and a minimum of eight years relevant experience is required for candidates without a bachelor's degree.
• This position requires a minimum of four to six years of experience in a casualty insurance environment. Prior life science products liability or healthcare professional liability experience is preferred.
• A CPCU, AIC, or ARM is highly desired.
• Excellent communication skills are required.
• Able to create, build, and develop superior relationships with internal colleagues in different departments within the business unit and ProAssurance.
• Meets work deadlines and has excellent desk-management skills.
• Proficient in Microsoft Office Suite.
• This position requires up to 30% travel (when conditions are safe for travel).

#LI-Remote

We are committed to providing a dynamic and inclusive environment where everyone can do their best work and grow personally and professionally.

For that reason, we partner with The Predictive Index (PI) - an organization equally committed to improving the working lives of people, to help us hire the best talent by providing additional insight about one's work style.

The position you applied to requires completion of two assessments prior to being scheduled to interview with a hiring manager. Completion of the assessments is not required in order for your application to be reviewed and to speak with a Talent Acquisition team member. These assessments are Behavioral and Cognitive (internal candidates will only receive the Behavioral assessment), and each assessment takes less than 12 minutes to complete.

After submitting your application, you will receive two emails from The Predictive Index inviting you to complete each of these assessments (please check your SPAM or Junk email folder if you do not see these emails in your inbox).

Position Salary Range$72,962.00 - $120,400.00The salary range displayed represents the entirety of the pay grade for this position. Most candidates will start in the bottom half of the range. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have, your location and comparison to other team members already in this role.

Build your career with us and enjoy access to a best-in-class benefits program.

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