Marine Underwriter

ACE INA is the U.S.-based division of the ACE Group of Companies, which providesinsurance and reinsurance for a diverse group of clients around the world.Through subsidiaries of the ACE Group of Companies, ACE INA offers a broad arrayof sophisticated property, casualty, accident and health, and financialproducts, and risk management services to corporate and consumer clients across the U.S.ACE is dedicated to recruiting and developing talented individuals with the knowledge, ability and desire for success. With our strong capital base, financial stability, diversified earnings stream and multinational operating platform, we offer an excellent opportunity for your future growth and development.Details of this great opportunity follow:A. Title: Underwriter ScopeFundamentals 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.C. MAJOR DUTIES & RESPONSIBILITIES:Duties may include but are not limited to:a. Solicits new and renewal submissions from brokersb. Determines terms and conditions and complex rating plansc. Binds coveraged. Documents the underwriting filese. Handles more complex files and portfolios within underwriting authorityD. SCOPEE. MINIMUM REQUIREMENTS• 3-5 years underwriting experience• Bachelor’s degreeF. 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 skillsMarketing skillsACE Limited (NYSE: ACE), the Bermuda-based holding company of the ACE Group of Companies, is one of the worlds leading insurance and reinsurance organizations, with 2006 gross premiums written of $17.4 billion and net premiums written of $12.0 billion. The companys book value per ordinary share was $42.03 at the end of 2006, up from $34.81 the year before, and our investment income in 2006 was up 27 percent from the previous year to $1.6 billion. The ACE Group provides a diversified range of products and services to clients through operations in more than 50 countries around the world, and has the authority to conduct business in over 140 countries. Additionally, ACE is an S&P® 500 component company, listed sixth in Business Weeks® Top 50 companies.ACE offers a competitive salary plus cash bonus, equity opportunities and comprehensive benefits package including life, health and dental, vision, a generous retirement savings plan with $1 per $1 company match, disability coverage, stock purchase plan, flexible spending accounts, tuition reimbursement, and business casual dress.Sound like the right job for you? If you would like additional information about ACE INA, please visit our website at http://www.aceusa.comACE INA is an equal opportunity employer and our employment decisions are made without regard to race, color, religion, age, gender, national origin, disability, handicap, marital status or any other status or condition protected by Federal and/or State laws, except where bona fide occupational qualificationsapply.In order to be considered an applicant for employment with ACE, all applicants must go to ACEs website at www.ace-ina.com to apply for the position(s) of interest and complete an online application (found under Careers at ACE in the upper right hand corner of the homepage). If you do not complete the onlineapplication, you will not be considered an applicant in accordance with ACEs policy.