Jobs · Finance · Illinois

Senior Underwriter, Management Liability

IAT Insurance Group · Naperville, IL · 1 mo ago
Finance$63k–$138k/yrFull-time

About the role

This position will partner with wholesalers to grow a profitable private, not-for-profit management liability book. The job title awarded will be based on the knowledge and ability demonstrated during the selection process.

Responsibilities

  • Review and analyze underwriting files using judgment and experience to accept new business or continue renewals within the established authority level.
  • Review and analyze all documents within or associated with the underwriting file to establish accuracy in identification and minimize the risk of exposure, utilizing change requests, claim information, loss control, and outside databases to identify changes in exposure to risk.
  • Read, evaluate, and interpret contracts and policies to determine exposures, providing guidance and clarification to others consistent with experience.
  • Provide clarification and verification of coverage to team members consistent with experience.
  • Cultivate relationships while achieving organizational goals; apply diverse skills and perspectives to achieve common goals; drive engagement and create a climate where staff are motivated to do their best.
  • Demonstrate the ability to effectively work with diverse backgrounds, beliefs, demographics, experiences, etc., instilling inclusion in the workplace.
  • Market to assigned distributors to achieve acceptable new business flow.

Qualifications

  • Bachelor’s degree in Risk Management, Finance, Business, or similar field.
  • At least five years of management liability insurance experience; candidates with less experience but significantly more experience will also be considered.
  • Ability to demonstrate advanced underwriting experience and knowledge of the management liability industry.
  • Strong analytical skills and advanced knowledge and understanding of financial statements.
  • Ability to travel up to 25%.
  • Ability to appropriately apply loss development and advanced loss analysis concepts to achieve optimal pricing of a risk.
  • Ability to creatively utilize coverage features, deductibles, or terms and conditions on individual risks to achieve company objectives.
  • Strong math aptitude and excellent verbal and written communication, interpersonal, and negotiating skills.
  • Knowledge of various computer programs, internet-based programs, and PC literacy in the use of spreadsheets.
  • Authorization to work in the United States without requiring VISA sponsorship now or in the future.

Preferred: CPCU, ARM, or AU industry designations.

Pay

The annual gross salary range for this position is $63,270 to $137,880. Actual salaries will vary based on qualifications, skills, competencies, and geographical location. Total compensation includes base salary, performance-based bonus opportunities, 401(k) match, profit-sharing opportunities, and more.

Schedule

Hybrid schedule: working from the office Monday through Wednesday, with the option of working remotely on Thursday and Friday. Up to 25% travel is required.

Benefits

  • 26 PTO days (entry level) + 12 company holidays = 38 paid days off
  • 7% 401(k) company match and additional profit sharing
  • Hybrid work environment
  • Numerous training and development opportunities
  • Healthcare and wellness programs
  • Performance-based bonuses
  • College loan assistance support plan
  • Educational assistance program
  • Mentorship program
  • Dress for your day policy

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