Excess Casualty Underwriting Specialist
IAT Insurance Group · Naperville, IL · 2 wk ago
Finance$73k–$158k/yrFull-time
Responsibilities
- Underwrite and produce profitable business within the authority granted and consistent with company goals.
- Maintain agency relationships, develop new relationships and recognize without bias any need to cease a relationship and contribute where possible to the amicable accomplishment, as necessary.
- Adhere to company underwriting guidelines, processes and tools, an individual grant of authority, and appropriate regulatory and compliance requirements in the risk analysis and underwriting decision-making process.
- Examine information such as insurance applications, websites, inspection reports, loss information, financial data and third-party data in evaluating and making appropriate risk/reward decisions.
- Effectively express information and ideas clearly through spoken, written and electronic means.
- Demonstrate and effectively communicate an understanding of products and services.
- Provide prompt & courteous responses to both internal & external customers.
- Actively engage with distribution to market our capabilities, benefits, and features, and identify new opportunities.
- Focus on goals.
- Effectively leverage metrics and data to improve territory performance.
- Understand market/industry issues, trends, and competitors.
- Perform other tasks as needed.
Qualifications
- Must have a Bachelor’s degree and at least eight years of relevant experience or the equivalent.
- Must have equivalent experience as twelve years of relevant commercial insurance experience.
- Knowledge of Excess and Surplus is required.
- Must possess the ability to appropriately apply loss development and advanced loss analysis concepts to achieve optimal pricing of risk.
- Must possess the ability to creatively utilize coverage features, deductibles, or reinsurance on individual risks to achieve company objectives.
- Requires strong math aptitude, excellent verbal and written communication, interpersonal and negotiating skills.
- Must possess knowledge of various computer programs, internet-based programs, and PC literate in the use of spreadsheets.
Preferred Qualifications
- Wholesale surplus lines experience.
- CPCU, ARM, or AU industry designations.
- INS21, 22, and 23 or equivalent.
Pay
Annual gross salary range: $72,560 - $157,950. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role.
Schedule
The hybrid schedule reflects our values (thinking and acting like an owner, collaboration, and teamwork) as it requires working from the office with colleagues and other disciplines Monday through Wednesday, with the option of working remotely on Thursday and Friday. Occasional travel is required.