Senior Underwriter

Summary

Join our Investor Property underwriting team and review insurance applications, evaluating them to determine acceptance or decline based on established guidelines. Determine coverage levels and pricing, assess excessive risks, and ensure profitable risk distribution. Become familiar with commercial insurance applications and terminology. This senior-level position requires adhering to underwriting guidelines, executing strategies to maintain profitability, and approving or declining applications within limits. You will review and analyze risk characteristics, ensure regulatory compliance, document underwriting files, offer client recommendations, utilize databases and software, respond to customer needs, process accounts, and recommend process improvements. The role also involves collaborating with the team, sharing knowledge, and mentoring.

Requirements

• Bachelor’s degree required
• Minimum 5 years of underwriting or related insurance experience required
• Strong customer service experience
• Proficiency in Microsoft Office Suite and ability to quickly learn industry-specific software
• Ability to work collaboratively with team members and other departments
• Strong desire to learn, explore new ideas, and seeking out new knowledge
• Ability to be flexible, embrace change, and quickly pivot in response to shifting priorities

Responsibilities

• Adhere to underwriting guidelines and execute underwriting and pricing strategies to maintain profitability goals
• Use level of authority to accept, reject, or mitigate risk for applications
• Approve or decline insurance applications within certain limits and issue coverage and prepare referral submission for risks exceeding individual authority
• Review and analyze risk characteristics on insurance applications, renewals, and change requests
• Ensure that underwriting activities comply with all industry and government regulations
• Documentation of Underwriting files including risk analysis and pricing justification in accordance with established underwriting standards
• Offer recommendations to clients on insurance applications to reduce exposure to excessive risk
• Utilize underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages
• Cultivate relationships with assigned producers to achieve production goals
• Collaborate closely with the underwriting team to finalize insurance applications efficiently
• Utilize multiple databases to gather and verify supplementary data for submissions and leverage specialized software to compare risks ensuring accurate policy pricing
• Respond to customer needs, providing guidance and assistance tailored to their insurance needs
• Process accounts from approved quotes through to policy issuance with accuracy and efficiency
• Recommend ideas for program development and process improvement
• Assist in the development of the Underwriting team through sharing knowledge and market intelligence, collaboration, and mentoring relationships

Preferred Qualifications

CPCU, CIC, CRIS, Property & Casualty Brokers License, etc. a plus

Benefits

• Employee Ownership Program - every eligible employee shares in the financial rewards that grow when the company grows
• Professional development opportunities
• Owner Referral Program
• Work from home reimbursement for remote/hybrid roles
• Burnalong digital health and wellness platform
• Canary emergency financial assistance program
• Comprehensive medical, dental, vision
• Life/AD&D Insurance
• Confidential, Employee Assistance Program
• Health Savings Account, includes company contribution
• Short-term disability
• Voluntary benefits - supplemental accident, critical illness, hospital insurance
• Employee discounts
• 401(k) Plan with company match contribution
• Various Time Off Programs
• 11 company paid holidays