Senior Credit Underwriter 

Hybrid in NYC or Melville, NY

Interested in taking on a role where your day-to-day has major impacts across the team and the organization? We are looking for a strong Product Liability Underwriter who has a desire to grow their career with a world-renowned global in specialty insurance. Put your career path in your hands and apply with us.

About TMHCC:

Tokio Marine HCC (TMHCC) brings 49 years of service to the specialty insurance industry, today offering over 100 products to commercial customers in 180 countries around the world.  Organic growth and over 60 successful acquisitions have grown our 2022 Gross Written Premium (GWP) to $5 Billion.  Our workforce has grown to 4,300 worldwide … big, but not so big that you cannot make a difference.  Our Good Company values, including integrity, empowerment, and commitment to customer service, and a culture of innovation, communication, and collaboration make TMHCC a great place to work.        

What we offer:       

Just as Tokio Marine HCC Group of Companies is customer centric, we are also employee centric offering:

• Competitive salary and excellent total employee benefit package

• Strong learning culture

• 6% 401K match

• Paid parental leave

• Hybrid work schedule (Tues, Wed & Thurs in office – business casual)

• Travel opportunities   

• Relocation package and additional unique opportunities based on experience  

Key Responsibilities:       

• Review and assess underwriting opportunities, including recommendations for accepting/declining risks and premium pricing, including:

  • Single-risk situations - assess borrower's financial condition, country economic and political environment, and ability/willingness to repay.

  • Multi-risk situations - develop policies of annual first-loss deductibles, insured's delegated discretionary credit authority, and apply advanced pricing techniques to insure a multi-faceted international portfolio of trade receivables.

• Complete required underwriting analyses.

• Develop and supplement relationships with designated insurance brokers.

• Create memoranda describing the underwriting/pricing rationale for sign-off by for all bound risks and certain recommendations.

• Create and maintain all documentation.

• Work with Senior Management to resolve matters with insurance brokers and policyholders with respect to adjustment of claims, opportunities and policies, including submissions to amend or expand a policy, general questions, and nonpayment problems.

• Approve or deny within given authority.

• Serve as a resource to other departmental staff with regards to underwriting procedures and other departmental guidelines.

About You:         

• Bachelor’s degree in business administration, accounting or finance, related field or equivalent education/experience

• 5 years of underwriting experience in specialty or related area that includes a strong working knowledge of state laws

• Proficiency in basic financial analysis as it pertains to the commercial credit environment

• Excellent communications skills

• Exceptional organizational and analytical skills

• Familiarity with research tools such as Bloomberg and Factiva

Preferred       

 Studies toward attaining:

• Registered Professional Liability Underwriter (RPLU),

• Chartered Property Casualty Underwriter (CPCU)

• Associate in Commercial Underwriting (AU)

• Certified Insurance Counselor (CIC)

• Or equivalent insurance designation depending on specialty area

Preferred: state specific insurance license depending on specialty area

Additional Certifications that are a plus:       

• Chartered Property Casualty Underwriter (CPCU)

• Manufacturing Risk Insurance Specialist (MRIS)

• Associate in Surplus Line Insurance (ASLI)

• Associate in Commercial Underwriting (AU)

• Associate in Insurance (AINS) or equivalent insurance designation.

“For candidates working in person in New York City or Melville, NY, the reasonable pay range for this specific position is $127,000 to $171,800. Please note that this range is specific for this job title and, depending on a candidate's experience and s