Senior Underwriting Officer - Construction
State Auto
- Boston, MA
- Permanent
- Full-time
- Provides expert technical underwriting assistance and formal referral approval for multiple lines of business (auto, general liability, workers` compensation, and lead/excess) in Majors Construction. Interacts independently with field underwriters and directly with UW managers on all mandatory referral cases and voluntary consultation items.
- Ensures continuity and alignment between Primary and Excess Casualty placements.
- Supports Executive Underwriting Officer on transactions and serves as trusted advisor in the areas of exposure, coverage analysis, and key pricing/financial elements within their authority.
- Monitors frameworks for underwriting decisions (e.g., referrals, technical reviews) and recommends improvements, as needed.
- Evaluates portfolio performance regularly in Majors Construction, working with Underwriting Leaders to identify drivers of performance, risks, and opportunities.
- Drives UW technical excellence across Majors Construction, working with Underwriting Leaders to identify and resolve issues.
- Works with Underwriting Leaders to identify product and services enhancements, underwriter capability development opportunities (e.g., skills, tools), and elevates to Executive Underwriting Officer and Majors Chief Underwriting Officer.
- Models effective collaboration within/across teams, stakeholders and partners (e.g., UW Support, Claims, Actuarial, NA Product Teams).
- Expert-level knowledge of all aspects of coverage forms, exclusions, and exposure. Pricing, structure, rating, rating plans, loss forecasting, credit risk, market knowledge, preferred.
- Advanced knowledge of and experience operating within several different industry segments – experience with and knowledge of Construction programs key; insurance operations; claims, finance and actuarial concepts; regulatory environment; loss control/risk engineering; reinsurance; account management; product development; and industry trends.
- Must be a skilled collaborator who is willing to assess all sides of an issue, bring in others with expertise, and independently execute and advance the collaboration model.
- Other professional skills required include superior communication skills (written, verbal, presentation, listening); approachability; tact; coaching/development; analyzing and problem solving; relationship and service driven; clear solutions orientation and commitment to achieving segment operational and financial objectives; negotiation skills; and demonstrated ability to consistently and positively influence others both internally and externally (brokers/customers) as required.
- Bachelor`s degree, 10 or more years of relevant experience that includes underwriting, claims, reinsurance, coaching/developing others, working with brokers/agents and currency with market trends and developments.