About PRISM

Senior Underwriting Specialist

The Senior Underwriting Specialist will, under direction of the Underwriting Manager, provide technical and analytical support to the CSAC Excess Insurance Authority’s management, members, staff, and other personnel conducting business with the Authority.  This is a fast-paced position for someone who has an affinity for math and analytics. The Senior Underwriting Specialist is accountable for the allocation of premiums amongst members.  They will be responsible for the analysis of underwriting and renewal data; analysis of actuarial and rate setting information; analysis of prospective members; analysis of proposed reinsurance terms; generation of statistical and narrative reports; maintenance of insurance policies and records; and related work as required.  Some travel may be required.

Ideal Candidate

The ideal candidate will have a working knowledge of risk management and insurance pools, with a background in claims, finance, underwriting, or pool administration. They will have strong analytical abilities and advanced skills using Microsoft Excel. The ideal Senior Underwriting Specialist will have a general understanding of claims administration, how coverage is determined, setting of claim reserves and making payments, and how these factor into the underwriting and rate setting of new and renewal business.  They will also have a general understanding of basic actuarial concepts as they relate to rate setting, incurred but not reported (IBNR) reserves, confidence levels, discount factors, outstanding liabilities, etc.  While this position is technical in nature and requires attention to detail, it also requires the Senior Underwriting Specialist to have good communication and presentation skills. They will have a service-oriented disposition and a strong interest in being part of a team and collaborating with others.  An Associate in Risk Management (ARM), Associate Risk Management Professional (ARM-P) or Chartered Property Casualty Underwriter (CPCU) designation is highly desirable.

Minimum Qualifications

Candidates must have a Bachelor’s Degree in a directly related field or equivalent and 5 years increasingly responsible work in directly related field; or an equivalent combination of education and experience sufficient to successfully perform the essential duties of the job, including but not limited to:

• Knowledge of insurance and risk management principles and methodologies.
• Knowledge of analytical methods and techniques.
• Knowledge of advanced mathematical and statistical principles and ability to write and apply moderately complex mathematical formulas and equations.
• Moderate to advanced knowledge and working experience in Microsoft Office suite, especially with knowledge of advanced functions, formulas and features in Excel.
• Strong organizational and time-management skills, with the ability to multi-task and juggle competing projects and deadlines.
• Good communication skills, both verbally and in writing.
• Good presentation skills and can adjust for both in person and webcast environments.
• The ability to conduct research, analysis, interpret information, and make sound recommendations.
• The ability to establish and maintain effective working relationships and good public relations with other employees, agencies, members, and the public.

SALARY:  The EIA strives to compensate its employees with very competitive salary ranges. The hiring salary range for this position is $71,112 to $87,108 per year.  Salary adjustments are based on individual merit and accomplishments.

BENEFITS:  A generous benefit package is provided including Public Employees Retirement System (PERS); a Section 125 Cafeteria Plan with a generous allowance ($1,588 for 2015) from which coverage may be provided for the employee and their dependents for health, dental, and vision insurances; long-term disability and short-term disability insurance; life insurance; deferred compensation program (employer matching up to 2%); and sick and vacation leaves.  As a PERS participant, EIA employees are exempt from paying Social Security, except for the Medicare portion of the cost.

PHYSICAL REQUIREMENTS:  Physical requirements of this position typically include:  sitting for long periods of time, reaching, keyboarding, grasping, kneeling, talking, hearing, seeing, repetitive motions, exerting up to 20 pounds of force occasionally and/or up to 10 pounds of force frequently, and/or negligible amount of force constantly to move.  Some travel is required.

SPECIAL REQUIREMENTS:  Possession of a valid State of California Driver’s License issued by the State Department of Motor Vehicles, or the ability to obtain one within the first month of employment.  Proof of auto insurance with no exclusion for business use is required.

APPLICATION PROCEDURE:  Interested persons must submit a resume and a completed application to the Human Resources Manager by 4:00 p.m. on Friday, August 28, 2015.  Application packets should be emailed to Allison Bateman at abateman@csac-eia.org.

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