Underwriter I - MPL Physicians

Overview The Underwriter reviews insurance applications to evaluate, classify, and rate each risk to determine acceptability, coverage, and pricing. Responsibilities Examine documents such as application forms, inspection reports, past claims, and medical reports to determine the degree of risk from factors including applicant financial standing, business operations, loss experience, and condition of risk. Determine whether to accept, modify, or decline risks. Establish types and limits of coverage to be provided. Determine if reinsurance is needed and work with supervisor and reinsurers to place reinsurance on policies when risk is high. Calculate standard rates and premium charges using approved formulas and tables. Decrease value of policy when risk is substandard to limit company obligation, and specify applicable endorsements or apply rating to ensure safe and profitable distribution of risks. Suggest new or modified policy wording when standard text is not appropriate. Monitor limits of liability in force on single risk or group of closely related risks, and evaluate possibility of losses due to catastrophe or excessive insurance. Consult with field representatives, insurance agents, brokers, and other insurance or inspection companies to obtain further information, quote rates, or explain company underwriting policies. Exhibit knowledge of Insurance and Healthcare Industry, including medical, legal, and insurance terminology. Occasional overnight travel may be required (up to 25%). Education & Experience 2+ years of MPL Physicians underwriting experience required. Bachelor’s degree (B.A.) in Business Administration from a four‑year college or university, or two to four years related experience and/or training; or equivalent combination of education and experience. Property and Casualty Producers license or pursuit thereof required. Willingness to complete requirements of the CPCU or RPLU designation, or equivalent related experience and/or training. Previous medical malpractice underwriting experience required. Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, governmental regulations, underwriting guidelines and manuals, bylaws, financials, articles of organization, loss runs, Joint Commission reports and other industry reports. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public. Proficient in Microsoft Office. Ability to learn the use of new software applications as required. Employee will be required to become proficient in the use and understanding of the Company’s core underwriting operating system (Netcore). Compensation Base salary range is $72,355 - $97,885. Individual compensation packages are based on a variety of factors that are unique to each candidate, including location, skill set, experience, qualifications and education. Benefits Benefits package is available day 1 of employment and includes health, dental, vision, retirement plan, paid time off, and additional perks. Equal Opportunity Employer Coverys is an equal-opportunity employer. Coverys’ job openings are open to all without regard to race, color, national origin, gender, gender identity, religion, age, height, weight, disability, political beliefs, sexual orientation, marital status, family status, or veteran status. #J-18808-Ljbffr Coverys, Inc.