MS
Morgan StanleyPrivate Credit, Underwriting, Analyst/Associate
Vice President role involving due diligence and financial modeling at Morgan Stanley. Collaborating with teams to assist in credit investment activities for diverse portfolios.
About the role
- Leads and directs the branch underwriting process
- Enforces guidelines and procedures established by Corporate Office Underwriting
- Develops and enforces underwriting guidelines and procedures specific to their branch territory
- Models smart and effective underwriting practices for individual accounts, all lines of business, and different classes
- Sets and implements strategies to address challenges to profit and communicates strategies throughout the underwriting department
- Answers questions, shares recommendations for complex situations, such as difficult accounts, communication strategies or problematic agency relationships and explains the rationale for recommendations
- Monitors business results to ensure that underwriters operate within authority limits, guidelines, and branch service directives while matching price to quality across the book of business and meeting rate goals
- Serves as the subject matter expert for the branch and makes final decisions on complex or high-risk accounts
- Reviews updates received from Corporate Office Underwriting and communicates changes to team
- Oversees and directs the underwriting department team, focusing on both long-term and short-term success
- Collaborates with team members to establish performance goals and monitors status, conducts reviews, and provides coaching
- Interviews, hires, and recommends salary adjustments for team members
- Directs existing and develops and fosters new agency relationships to grow profitable relationships and rehabilitate unprofitable and low growth relationships
- Collaborates with Branch Vice President to determine underwriting strategy and practices and establishes short-term and long-term underwriting goals
- Performs audits on new business and renewals for compliance with Sarbanes Oxley, letters of authority, and quality and completeness of the underwriting being done in the branch
- Coordinates with underwriters, marketing and branch management in the agency management process including planning and agency review meetings
Requirements
- Bachelor's degree, preferably in insurance or business administration or equivalent relevant experience
- Ten years of commercial lines underwriting experience
- Previous supervisory/leadership experience
- CPCU designation or other underwriting-related designation(s) preferred
- Superior knowledge of underwriting and risk analysis
- Exceptional problem-solving skills and the ability to make sound decisions
- Strong computer skills, including knowledge of Microsoft Office and social media
- Ability to oversee multiple projects at one time and make decisions under challenging circumstances
- Excellent ability to translate technical ideas into more general terms for business customers
- Exceptional customer service skills
- Ability to speak effectively before groups
- Occasional travel; a valid driver’s license with an acceptable motor vehicle report per company standards will be required if driving
Benefits
- Outstanding benefits with life, medical, dental, vision and prescription drug coverage
- Competitive paid time off plan and a full day of volunteer time off annually
- Financial incentives, including a 401(k) plan match, pension plan, OneEMC bonus plan and recognition and anniversary awards
- Professional development and growth opportunities, including tuition reimbursement
- Wellness initiatives to improve team member well-being and reduce health insurance costs
- Flexibility to dress for your day and opportunities for alternative work arrangements
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