Jobs · Finance · Illinois

Underwriting Manager

IAT Insurance Group · Rolling Meadows, IL · 1 wk ago
Finance$73k–$158k/yrFull-time

Responsibilities

  • Manages the work activities, performance, and professional development of the underwriting department, including leading and supporting a geographically dispersed remote team.
  • Manage agency relationships and book management.
  • Coach underwriting leaders, mentor underwriters, and contribute to the design and delivery of underwriting training programs; travel is required.
  • Makes recommendations on underwriting policy and pricing strategy to Business Unit Lead.
  • Reviews and manages the application of underwriting policy and pricing for all risks.
  • Drive key initiatives and business strategies.
  • Represent the organization at key industry events and conduct agency visits.
  • Partner with the Product department to develop new products and enhance underwriting approaches.
  • Work with the Claims team to review large loss reports and take corrective action when necessary.
  • Work with the Actuarial team to review pricing, underwriting results, and portfolio performance.
  • Cook with the Marketing team to communicate value propositions and underwriting messages to agency partners.
  • Stay current on state and territory regulatory requirements, industry activity, and market trends.
  • Lead and participate in projects as assigned.

Qualifications

  • Must-Have: Bachelor’s degree in a related field with 5+ years of commercial insurance experience, or equivalent experience.
  • Strong understanding of the Property & Casualty insurance industry.
  • Experience with Excess and Surplus lines underwriting.
  • Expertise in underwriting complex or unfamiliar risks.
  • Ability to apply loss development and advanced loss analysis concepts to achieve optimal risk pricing.
  • Ability to creatively structure coverage features, deductibles, and reinsurance solutions to meet company objectives.

Paid Time Off

  • 26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off

Benefits

  • 7% 401(k) Company Match and additional Profit Sharing
  • Hybrid work environment
  • Numerous training and development opportunities to assist you in furthering your career
  • Healthcare and Wellness Programs
  • Opportunity to earn performance-based bonuses
  • College Loan Assistance Support Plan
  • Education Assistance Program
  • Mentorship Program
  • Dress for Your Day Policy

Compensation

Annual gross salary range: $72,560 - $157,950. This range represents the anticipated low and high end of the base salary for this position. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role. The total compensation will include a base salary, performance-based bonus opportunities, 401(K) match, profit-sharing opportunities, and more.

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