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.