CapSpecialty
  • - UW - Construction Liability
  • Pasadena, CA, USA
  • $160,000.00-$210,000.00
  • Salary
  • Full Time
  • Medical, Dental, Vision,Open Vacation Plan; Matching 401(k); Co. Paid Life Ins, STD, LTD; Generous Paid Sick & Family Bonding Leave; Tuition & Educational Reimbursements

Wrap Specialist

This is a hybrid position requiring 3 days in office at our Pasadena, CA office location.

At CapSpecialty, we are a specialty underwriting company being driven by well-informed, entrepreneurial and proactive employees. Come join our exciting company where you can really make an impact, and each individual's unique skills and talents are recognized and valued. You will find an accessible leadership team that welcomes opinions and ideas. We owe much of our success to our collaborative environment and set of three guiding principles rooted in customer-centricity, employee excellence and corporate culture.

We offer competitive compensation and benefits packages – including an innovative open vacation plan, generous paid sick and parental leave, fully vested matching 401k, company-paid group term life insurance and short- & long-term disability plans, professional and educational growth opportunities, flexible and casual work environment, and recognition for exceptional performance. Please see our full list of Total Rewards here.

CapSpecialty is seeking a Wrap Specialist will be responsible for marketing, underwriting, and servicing of the Primary Wrap book and will develop key relationships with centers of influence in the space, continually providing input on improvement to product offerings, and contributing to the overall profitability of the Wrap book of business.  Along with these items, this position will deliver superior customer satisfaction by working with our distribution partners to achieve the financial goals and objectives established by the company.

Duties/Responsibilities:

  • Underwrite and maintain a profitable book of business through solid risk selection based on company appetite, analysis, pricing, and service.
  • Develop and expand key broker relationships and drive marketing across the assigned territory.
  • Work with Operations team to ensure superior service, including the assurance that quote letters, binders, policy issuance, and endorsement drafting, and issuance are being executed timely, accurately, and effectively. 
  • Collaborate with Head of Primary Wrap to continually improve upon underwriting strategies as well as assist in development of key products for typical customers within the industry, including limits, terms, conditions, pricing, and risk eligibility.
  • Maintain and uphold knowledge of emerging business and legal trends impacting the exposures within the industry.
  • Keep informed of competitor's products, philosophy, and distribution channels.

Supervisory Responsibilities:

Provide indirect supervision and guidance to Assistant(s) by assigning work and establishing priorities.

Core Competencies:

  • Knowledge of insurance contracts, state regulations and risk management techniques.
  • High degree of interpersonal skills, including the ability to communicate clearly and concisely both verbally and in writing. 
  • Organized, disciplined, goal-oriented, ambitious, self-motivated, independent thinker. 
  • Problem-solving and analytical skills, both anecdotally and mathematically.
  • Ability to balance multiple priorities. 
  • Strong presentation skills.
  • Fluent with computers including MS Office.

Education and Experience:

  • Bachelor's degree or equivalent.
  • 2-4 years of Construction Liability/Primary Wrap underwriting experience, preferably including product development. 
  • Completion or continuing work towards RPLU, CIC, CPCU or other approved programs.
  • 2-4 years of commercial underwriting experience working with wholesale and retail brokers.
  • Experience in assisting with the development of guidelines, forms, rates and applications.

Physical Demands:

  • Prolonged periods of sitting at a desk and working on a computer.
  • May be required to lift to 15 lbs. at times.
  • May require occasional travel.

 

CapSpecialty is a leading provider of specialty insurance and bonds for small- to mid-sized businesses in the U.S., offering casualty, professional liability, surety and fidelity products in all 50 states and the District of Columbia. By working with select partners through a limited distribution model, CapSpecialty's creative, hard-working team provides personalized service and cultivates mutually successful partnerships to deliver positive results. CapSpecialty is an operating subsidiary of Berkshire Hathaway, and its carriers have an A ("Excellent") rating from A.M. Best, writing both admitted and non-admitted policies. For more information, please visit CapSpecialty.com.

Apply today!

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CapSpecialty
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