Dongbu Insurance Company Ltd (US Branch) is looking for an underwriter with experience in commercial property & casualty lines of business.

About Dongbu Insurance

Established in March 1962 as the first auto insurance company in Korea, Dongbu Insurance has grown into a leading provider of differentiated non-life insurance products and services. Currently, Home office’s total asset is about 23 billion dollars and direct annual written premium is around 10 billion dollars.

Expansion to overseas market has been achieved to pursue new growth engines and portfolio diversification. Thus Dongbu is committed to boost revenue from existing overseas branch offices in US, moving up schedule to enter Chinese market and strengthening its foothold overseas by entering emerging markets; Operating 4 Branches, 4 Representative Offices and 2 Partnerships. Current US branches’ total asset is U$218m and annual written premium is U$166.8m.

Credit Ratings (2013):

• A.M.Best : A(Excellent)
• The ratings reflect Dongbu's superior underwriting performance, stable market profile, sound investment performance and adequate capitalization level.”              - From A.M.Best Rating News Release
• S&P : A-

“The financial strength ratings reflect its solid market position, strong capitalization, and good operating performance.”
                                       - From S&P Rating News Release

Job Position

1. Employment Type: Full Time
2. Position: Underwriter (Commercial Property and Casualty)
3. Job Description and Responsibilities:

The underwriter will be involved in underwriting commercial property & casualty lines comprised of Businessowners, Commercial Package and Commercial Umbrella Policies.

Role and Responsibility

Maintain profitable book of business;

·         Review and analyze risks submitted by brokers and agents.

·         Determine coverage availability, coverage limit, the premium to be paid and other terms required in accepting the risk within their authority and guidelines.

·         Counsel clients on risk management solutions, negotiates terms and contracts, and develops relationships with key clients (ie brokers/agents).

·         Analyze submissions from agents or existing book of business and cooperate with management for strategic solutions.

·         Remain aware of current industry trends through development of a good working relationship with brokers and other sources of industry news and developments.

1. Job qualifications:

·         Bachelor’s degree

·         Prior underwriting experience is preferred.

·         Excellent written and oral communication skills

·         Strong analytical and judgment skills

·         Strong attention to detail, time management skills

·         Capability to build and maintain positive relationships through teamwork.

·         Bi-lingual in English and Korean is preferred but NOT REQUIRED.

·         Knowledge of Microsoft Office Suite.

1. Compensation: We offer competitive salary plus benefit package that includes medical.
    
2. Other qualification: Must be authorized to work in the United States.

Please forward your cover letter and resume TO:  robin@dongbuins.com