Senior Underwriter, Light Brokerage

Company Details

Nautilus Insurance Group specializes in providing commercial property and casualty insurance solutions to appointed wholesale surplus lines producers. Established for over 35 years, we offer flexible policy terms and premium rates on a non-admitted basis. Our focus is on small to medium Property and Casualty risks, distributed through partnerships with wholesale surplus lines producers. Our relationships are defined by mutual success, speed to market, customer-centric focus, and an expanded appetite.

Benefit Highlights

• Paid Parental Leave
• Medical, Dental, and Vision coverage
• Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA)
• Profit Sharing and Stock Purchase Plan
• Life Insurance and Travel Accident Insurance
• One paid day off per year to volunteer at a local charity
• Tuition Assistance and Industry-Related Education and Exam programs
• Special cell phone service discounts with Verizon and AT&T
• Cost-free access to thousands of exclusive travel and entertainment discounts through Plum Benefits
• Flexible work arrangements
• On-site newly renovated fitness center
• Yoga and other classes available for a nominal fee

Responsibilities

The Senior Underwriter for Nautilus Insurance, a W. R. Berkley company, is responsible for:

• Developing a comprehensive knowledge of the company’s appetite in the product space and maintaining industry awareness in relation to opportunities and threats.
• Underwriting, including communicating appetite, rate, and underwriting information to agents.
• Overseeing renewal business and managing renewal underwriters to ensure consistent execution of underwriting strategy.
• Supporting the underwriting process through training of new hires and development of associates.
• Underwriting select risks in accordance with company guidelines for acceptability and rate.
• Evaluating risk characteristics, pricing, and coverage to ensure alignment with company appetite and profitability objectives.
• Assisting other underwriters with submission review and quoting during periods of high volume to help manage workflow, maintain service standards, and support team productivity.
• Analyzing market conditions and providing suggestions for needed changes in forms, endorsements, and rates including opportunities for market or product expansion or enhancement.
• Collaborating with Contract Bind production underwriting teams along with Light Brokerage teammates to ensure proper placement of a risk and communicate market/agent trends and issues between divisions.
• Corresponding or consulting with agents, brokers, and other interested persons to determine feasibility and marketability of new products to meet competition and increase sales.
• Contributing to the development and maintenance of E-Guide, enhancements on web portal and other electronic products that may arise including notification of changes to internal and external customers.
• Providing guidance and support to less experienced team members within the department.
• Developing and implementing, with the help of the Product Development team, new opportunities for product expansion to drive more profitable business to the portfolio.
• Reviewing industry publications and monitoring pending legislation and regulations to determine impact of new developments on company insurance products.
• Proficient at creating manuscript policy language with the help of Forms and Legal teams.
• Overseeing renewal book of business to ensure alignment with underwriting guidelines and profitability objectives.
• Providing guidance to renewal underwriters on pricing, risk selection, and coverage decisions.
• Maintaining oversight of renewal retention, rate changes, and overall performance to identify trends and drive corrective action.
• Negotiating renewal terms and retaining desirable accounts.

Qualifications

• Bachelor's degree from four-year college or university; or 5+ years related insurance experience and/or training; or equivalent combination of education and experience.
• CPCU, IIA or other insurance related classes recommended.
• Excess and Surplus lines background is highly preferred.
• 3+ years experience underwriting casualty products at a senior level required.
• Excellent communication, presentation, interpersonal and leadership skills.
• A good understanding of the E&S business environment.
• The ability to effectively engage with leaders across the organization.
• Applicable knowledge of budgets, forecasting, and metrics.
• Strong decision-making skills and responses to high-pressure situations.