Underwriting Consultant (Commercial Lines)

OneBeacon uniquely blends a 170 year history and strong financial backing with an opportunistic and fast-paced culture. Our “think like owners” mindset is reinforced through true pay for performance featuring an ESOP, incentive plans and competitive pay and benefits. You’ll find that we’re an entrepreneurial company that just happens to be in the insurance industry.

OneBeacon Insurance Group offers a range of specialty and segmented commercial and personal insurance products sold primarily through select independent agents.  As one of the oldest property and casualty insurers in the United States, OneBeacon traces its roots to 1831 and the Potomac Fire Insurance Company. Today, OneBeacon’s specialty insurance products are available countrywide, and commercial and personal lines are offered in select geographic territories. OneBeacon’s principal business office is in Canton, Massachusetts. The Company is publicly traded on the New York Stock Exchange under the symbol “OB”.

We currently have an opening for an Underwriting Consultant to join our team in Canton, MA.

Underwriting Comes First at OneBeacon.  We operate as a Specialty market insurer with distinct sub-segments in Personal Lines and Commercial Lines including but not limited to “Middle Market” business, Technology, Professional Liability lines, Marine, and Excess Property.

The Underwriting Consultant works in conjunction with the SVP of Underwriting to ensure the development and successful execution of OneBeacon underwriting strategies. The position will provide exposure to all aspects of underwriting at OneBeacon which will include policy development, monitoring and control,  catastrophe management, and reinsurance.  The position requires a strong underwriter able to work independently in assessing the quality of Risk Underwriting at OneBeacon relative to business plans and published guidelines.  This includes strong interaction with all underwriting units.  Ideal candidates are able to build strong working relationships while maintaining a high level of objectivity.  Candidate must also stay abreast of current legal trends and ‘emerging issues’.


Principal Duties and Responsibilities:

Reviews, monitors and reports on execution of underwriting protocols.
Organizes Corporate Underwriting audits, assess the quality of the business unit underwriting review process including participation in business-unit led audits.

Assimilates underwriting information across business units to discern trends, training opportunities and best practices
Undertakes underwriting due diligence on new business opportunities.
Monitors results in order to detect trends and provides input on potential revisions in underwriting strategy.

Review of large property and casualty exposures to ensure compliance with guidelines and assess exceptions as appropriate.

Participate  in developing and assessing the execution of OneBeacon catastrophe management strategies including both natural peril and terrorism risk management.

Supports reinsurance placement and monitoring activities.

Conducts and/or participates in special projects as requested.
 

Decision-Making Authority/Accountability Level:

Under limited supervision, performs work of high complexity.  Exercises a high degree of discretion and independent judgment within defined authority level and is capable of analyzing complex and confidential information requests.

Minimum Knowledge, Skill, and Ability Requirements:

A high level of experience in the business aspects of underwriting and underwriting management is essential.  Candidate must demonstrate proficiency with computer software and business underwriting operating systems.  Strong analytic and problem solving skills are required.  Excellent teamwork and communications skills for both internal and external business customers.

Education and Experience Preferred:

Minimum Bachelors degree

7 or more years of related insurance underwriting experience

Supervisory or management experience

CPCU designation a plus!

To Apply For This Position, Please Click Here

*Agencies, pls do not respond.