Underwriter IV

About the Role

Assess large risks of a complex nature, develop and negotiate premiums. Manage relationships with brokers and carriers. Provide appropriate insurance products to clients. Generate profit in accordance with company goals.

Responsibilities

• Underwrite and analyze new and renewal accounts for the most complex assignments.
• Serve as subject matter expertise to review insurance policies.
• Assess risk to determine appropriate price, coverage, and terms and conditions.
• Bring policy to completion by recommending and binding coverage, invoicing, and policy issuance.
• Identify the need, order, and evaluate additional risk assessment information.
• Underwrite within defined broad limits and authority.
• Establish underwriting policy and procedures; provide reports to management.
• Develop and maintain working relationships with agencies.
• Communicate effectively through broker negotiations to ensure new business flow and profitable production.
• Communicate with agents to obtain supplemental underwriting information.
• Analyze and rate endorsement requests.
• Recommend authority levels for underwriting staff and amendments/enhancements to applicable programs, including coverage, policy forms, premium rate plans, underwriting guidelines, loss control guidelines, and distribution.
• Collaborate with internal departments to execute agreed program strategy and identify program opportunities.
• Engage in professional development, including relevant industry and organizational education and training.
• Provide training and coaching to other underwriting team members as needed.
• Travel for client relationship building, key client/carrier-facing meetings, and educational development.

Requirements

• 7+ years of underwriting experience.
• High school diploma or equivalent required.
• For direct client service/underwriting, Property & Casualty and/or appropriate business licensure is required.
• Broad and deep knowledge of the insurance industry market and appetite.
• Ability to establish product risk factors, including proper risk exposure and compliance with state departments of insurance.
• Ability to effectively identify insurance product needs in the marketplace.
• Strong negotiation and mathematical skills.
• Strong written, verbal, and interpersonal communication skills.
• Working knowledge of Microsoft Office suite of products.
• Proficiency in utilizing company systems.
• Strong organizational and analytical skills with attention to detail and accuracy.
• Ability to travel 20% of the time.

Benefits

• Medical, wellness, dental, and vision coverage.
• 401(k) retirement plan.
• Flexible spending and health savings accounts.
• Short- and long-term disability insurance.
• Life insurance and other unique employer-sponsored and voluntary programs.
• Generous paid time off policy, paid family leave benefit, and paid holiday time.

Pay

Salary Range: $115,000 - $130,000.