Executive Underwriter (Casualty Excess & Surplus)

About the role

The Executive level underwriter will play a crucial role in building out Palomar's E&S Primary & Excess product lines. This position requires extensive experience underwriting in the E&S environment and a proven track record of developing and maintaining strong business relationships.

Responsibilities

• Select, price, quote and review new & renewal business in accordance with company underwriting guidelines and experienced underwriting judgment
• Independently work with wholesale distribution channels to appropriately select risks, evaluate, and recommend program structure, services, and pricing to achieve a balanced portfolio and long-term profitability
• Identify, develop, and maintain strong business relationships to drive consistent opportunities for new business placement, as well as retain existing accounts
• Utilize facultative relationships/capacity to maintain prescribed net positions with the Palomar E&S portfolio
• Evaluate reinsurance requirements and implement appropriate action, including treaty adherence and facultative solutions
• Aid in the mentoring/coaching of junior underwriters
• Share industry specific knowledge with underwriters of all levels while performing as a technical underwriting resource
• Set the example of expected performance by producing new business in addition to the required product management duties
• Continue to improve personal knowledge and practices of the insurance industry through work experience, in-house instruction, insurance specific designations, industry courses, home office seminars and workshops, etc.
• Aid in the Junior Underwriter mentoring process

Requirements

• 15+ years of insurance experience specifically underwriting in the E&S environment
• CPCU and/or ARM professional insurance designation preferred
• Entrepreneurial spirit and not risk adverse
• Keen ability to “think outside of the box”
• Able to quickly establish and build functional working relationships
• Drives for results and takes initiative to help support the team
• Able to quickly learn and work in various technical platforms
• Professional, analytical, and adaptable attitude
• Willing to travel nationally for reinsurance and wholesale partner development
• Able to organize, self-prioritize, and be an initiative-taker in a challenging environment with demanding internal and external deadlines

Qualifications

• Strong understanding of construction and/or non-construction risks in the E&S space
• Experience with reinsurance requirements and implementation
• Ability to mentor and coach junior underwriters
• Knowledge of insurance industry trends and developments

Skills

• Excellent communication and interpersonal skills
• Strong analytical and problem-solving abilities
• Ability to work independently and manage multiple tasks simultaneously
• Proficient in using insurance industry software and platforms

Benefits

• Full Suite of Medical Benefits
• Long Term Financial Incentives – STOCK!
• 401k with 3.5% Automatic Fully Vested Employer Contributions
• Competitive PTO + Holiday Program
• Lifestyle Spending Allowance
• Professional Development Assistance
• Career Exploration Opportunities
• Regular company-wide social events (even virtually!)

Pay

$175,000 - $250,000 + Bonus Potential & Participation in our Competitive Long-Term Incentive (LTI) Program