Underwriting Professional 1 - E&A Underwriter
Aon is looking for an Underwriting Professional with our Events & Attractions Division, K&K Insurance Group—a subsidiary of Aon. K&K has been recognized as the leading provider of sports, leisure, and entertainment insurance products. This is a hybrid role with the flexibility to work both virtually and one to two days per week in office at our Fort Wayne, IN location.
About the role
Within stipulated underwriting authority limits, this position is accountable for reviewing and evaluating applications for insurance coverage in order to classify the degree of insurable risk and determine appropriate premium amounts.
Responsibilities
- Review and evaluate insurance applications and related documents, including inspection reports, financial statements, loss data, MVRs, and other information needed to properly evaluate and classify the degree of risk in relation to proposed coverage limits.
- Obtain all relevant information not included with the initial submission to ensure a thorough evaluation of the risk.
- Review and evaluate renewal business and recommend appropriate actions to attain premium rate and loss ratio objectives.
- Prepare and review quotations to ensure accuracy prior to presentation to potential clients.
- Approve the coverages requested within specified underwriting authority, either as submitted or on a modified basis, or decline the risk in its entirety; refer with recommended action if risk exceeds underwriting authority.
- Review policy forms used in specific programs to ensure consistency.
- Manage a book of business with goals for production, net revenue, rate increase, loss ratio, and underwriting audit results.
- Complete a variety of underwriting projects at the direction of the Underwriting Director and Senior Vice President.
Requirements
- P&C License required
- 5 years commercial insurance underwriting experience
- Understanding of commercial property, liability, crime, inland marine, auto, and workers compensation coverage
- Computer skills to include Microsoft Word, Outlook, and Excel
- Excellent math, oral, and written English communication skills
- Must be well organized, able to prioritize work, and possess effective time management skills in a fast-paced environment
- Work well with co-workers, participate in and support an underwriting team environment, advance your knowledge with educational courses, and interact with management when necessary
Qualifications
Bachelor’s Degree or commensurate education and/or work experience.
Benefits
- Comprehensive benefits package, including medical, dental, and vision insurance
- 401(k) savings plan with employer contributions
- Employee stock purchase plan
- Consideration for long-term incentive awards at Aon’s discretion
- Paid time off, including 12 paid holidays throughout the calendar year, 15 days of paid vacation per year, and paid sick leave as provided under state and local laws
- Short-term disability and optional long-term disability
- Health savings account, health care, and dependent care reimbursement accounts
- Employee and dependent life insurance and supplemental life and AD&D insurance
- Optional personal insurance policies
- Adoption assistance
- Tuition assistance
- Commuter benefits
- Employee assistance program that includes free counseling sessions
- Two “Global Wellbeing Days” each year
Pay
The salary range for this position (intended for U.S. applicants) is $55,000 to $70,000 annually. The actual salary will vary based on applicant’s education, experience, skills, and abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant’s geographic location. This position is eligible to participate in one of Aon’s annual incentive plans to receive an annual discretionary bonus in addition to base salary.
Schedule
Hybrid role with the flexibility to work both virtually and one to two days per week in office at our Fort Wayne, IN location.