Specialist, Small Market Management Liability Underwriting – E&S/S (E-Risk Services)

About the role

As the highest, non-management level underwriter, you will assess a company's risk profile and determine or negotiate appropriate pricing, coverage, terms, and conditions by independently analyzing financial documents and other information. This includes evaluating a company's viability, governance, regulatory environment, and experience. You will achieve team production and loss ratio goals within an assigned, highly complex territory, review and analyze claims and loss history, and take appropriate action on individual accounts. The role involves developing recommendations and applying judgment based on financial analysis, establishing and maintaining effective relationships with brokers, and contributing to the training and mentoring of underwriting team members.

Responsibilities

• Analyze and review applications, financial documents, company management, industry prospects, legal structure, and outstanding litigation within established guidelines.
• Determine proper insurance programs, including layer attachment, terms, conditions, pricing, or alternatively decline or non-renew coverage.
• Service existing and new accounts, including quote letters, binders, policy and endorsement issuance.
• Handle complex policy maintenance items and mid-term requests, review endorsement requests, and process necessary changes to policies.
• Follow up on outstanding information and review claim activity to take appropriate action.
• Achieve production and loss ratio goals by analyzing premium and loss results for assigned territory and line of business through sound marketing.
• Promote company products and programs.
• Monitor industry trends to stay informed of new products, distribution systems, competitor offerings, and emerging business and legal trends impacting management liability exposure.
• Establish and maintain effective relationships with brokers to generate profitable premium dollars, including accompanying other underwriters on marketing visits and entertaining brokers.
• Communicate with key underwriting personnel on all operational levels and work closely with lower-level associates to ensure compliance with underwriting guidelines and marketing plans.

Qualifications

• Undergraduate studies with a focus in finance, accounting, economics, and/or risk management (degree preferred).
• Five or more years of related experience as a D&O, EPL, and/or E&O Underwriter (preferred).
• Previous business or finance experience (helpful).

Skills

• In-depth knowledge of underwriting policies, practices, and procedures specific to D&O, EPL, Fiduciary, E&O, and Crime insurance products.
• In-depth knowledge of financial documents, financial analysis, investments, and market conditions.
• Legal knowledge related to insurance, contract, and business law (preferred).
• Ability to communicate complex underwriting concepts effectively, both verbally and in writing.
• Advanced negotiation skills.
• Ability to analyze insurance risks, including policy language, commercial rating plans, methodologies, and reinsurance.
• Proficiency in related computer software.
• Ability to devise business solutions to problems, implement the most appropriate solution, and monitor its effectiveness.
• Ability to make decisions without supervision.

Schedule

• Normal office environment.
• Ability to travel locally and overnight for client meetings as needed.

Pay

The national salary range for this role is $84,000.00 - $156,000.00. The expected starting salary range is $84,000.00 - $126,000.00. Placement within the range will be determined by skills, education, training, credentials, experience, scope, complexity, location, and other conditions of employment.

Benefits

• Medical, dental, and vision insurance.
• Life insurance, short-term and long-term disability coverage.
• Paid time off: minimum of 18 days per full calendar year (pro-rated quarterly based on hire date).
• Nine paid holidays.
• 8 hours of Lifetime paid time off.
• 8 hours of Unity Day paid time off.
• 401(k) with company match.
• Company-paid pension plan.
• Business casual attire.