Associate Underwriter (Remote)

About the Role

Allied Public Risk - Alternative Markets, a wholly owned subsidiary of K2 Insurance Services, LLC, is seeking a full-time remote Associate Underwriter. Allied Public Risk is a specialized underwriting manager with exclusive concentration on the esoteric insurance needs of the public sector. We provide innovative, responsive, and tailored insurance products to public agencies, water-related entities, emergency service organizations, and investor-owned utilities throughout the United States. This role offers the opportunity to join an established company in growth mode.

Responsibilities

• Review underwriting submissions for completeness and accuracy, summarize relevant exposure and risk information, and organize supporting documentation in the approved file format.
• Analyze underwriting data, including exposure information, financial data, loss history, and other relevant risk indicators, to support risk selection and pricing decisions.
• Conduct and document internet and public-record research to identify risk characteristics, adverse information, or other issues that may affect risk acceptability.
• Review budget information to determine each risk’s net operating expenditures and document the resulting rating basis for underwriting review.
• Calculate rating bases accurately from verified exposure and financial data in accordance with approved underwriting guidelines.
• Enter verified exposure and rating data into the approved rating system, validate the resulting unmodified premiums, and escalate discrepancies for review.
• Rate complex accounts accurately by applying approved rating methodologies, underwriting guidelines, and exposure data.
• Complete and document loss analyses, identify relevant loss trends and severity drivers, and summarize findings for underwriting review.
• Prepare and distribute accurate binders to producers in accordance with approved terms, conditions, pricing, and service standards.
• Issue accurate policies and endorsements, verify that documents reflect approved underwriting terms, and distribute completed documents to producers within required service timelines.
• Prepare and issue accurate renewal letters in accordance with ODEN standards and required service timelines.
• Review and validate formula changes to rating models before implementation, document testing results, and promptly escalate discrepancies or control concerns.
• Maintain complete, accurate, and current files for pending, closed, canceled, and bound policies in accordance with departmental procedures and record-retention requirements.
• Maintain proficiency in the underwriting, rating, policy administration, and workflow systems and processes used by the department.
• Support special projects by gathering and validating information, coordinating assigned activities, and completing deliverables within established timelines.
• Develop and maintain effective working relationships with producers by communicating clearly, responding promptly, and providing accurate information throughout the underwriting process.
• Participate actively in team meetings and trainings by preparing relevant information, contributing to discussions, and completing assigned follow-up actions.

Qualifications

• Bachelor’s degree in business, finance, risk management, insurance, or a related field, or an equivalent combination of education and relevant experience.
• Five years of relevant insurance experience, preferably supporting public-entity underwriting, rating, policy issuance, or related operations.

Skills

• Proficiency with Microsoft 365 applications, including Outlook, Word, Excel, and Teams, and the ability to learn underwriting, rating, and policy administration systems.
• Strong mathematical and analytical skills, including the ability to calculate rating bases, analyze financial and loss data, and identify discrepancies.
• Strong written and verbal communication skills, with the ability to explain underwriting information clearly to producers, underwriters, and internal partners.
• Ability to prioritize multiple assignments, manage competing deadlines, and maintain accuracy in a deadline-driven environment.
• Ability to collaborate effectively with underwriting, operations, production, and other internal partners in a remote team environment.

Working Conditions

This position may require extended work hours during periods of increased business activity, particularly from April 1 through July 15 and October 1 through December 15. Regular availability is required during core business hours of 8:30 am to 5:00 pm in the applicant’s time zone, with additional flexibility as needed. Occasional business travel may be required.

Pay

$75,000 - $95,000 depending on experience and location.

Benefits

• Competitive pay and bonus plan
• Medical, dental, and vision insurance with no waiting period
• Generous paid time-off in the year of hire
• 401(k) with employer matching