Associate Underwriter - Excess Casualty
About The Position
RLI is a specialty insurance company that helps customers navigate the world of insurance and risk. For more than a half century, we’ve been helping people and companies safeguard their assets through our innovative portfolio of property and casualty coverages and surety products. We’re not what you’d expect from a typical insurance company. From our products to our business model, our culture to our results — we’re different. Our remarkable people are among the smartest and most knowledgeable in the business. They are experts at building relationships that last with our brokers and customers by providing outstanding service and creating ideal coverages with competitive premiums. Our underwriting focus is on seeking underserved niches in the marketplace and providing coverages that meet very specific needs. We eliminate unnecessary bureaucracy, give our underwriters authority and share the profits. Our entrepreneurial culture at RLI has created a business model that works: hire smart, ethical people, make them owners of the business, and give them the freedom to succeed. Our employees are encouraged to seek out opportunities, make things happen and do the unexpected. This position provides underwriting support from application through post-binding activity, interacting with internal Excess Casualty team members and broker customers to efficiently and accurately support the underwriting practice. Depending on prior experience, the role involves learning, shadowing, and training in underwriting through various special projects, becoming proficient in the technical platform and processes, and utilizing judgment to ensure consistency among quote, binder, and policy. The role also involves identifying inconsistencies in data and working with the Underwriter to reconcile, studying for and completing insurance examinations, and attending relevant training sessions. The Associate Underwriter is expected to progress to quote and bind under the direction of underwriting management.
Requirements
- Ability to use analytical methods in underwriting processes to find workable solutions.
- Ability to verbally and in writing, communicate findings and recommendations to internal and external contacts on underwriting matters.
- Ability to use software to summarize and analyze large amounts of data.
- Understands, applies, & properly documents nature of operations of the risk for accounts assigned & communicates findings.
- Ability to prepare, review, and complete underwriting analysis of accounts.
- Analytical skills and understanding of submission requirements, model entry, and product appetite.
- Participates in underwriting related continuing education.
Nice To Haves
- 1+ years of related experience preferred
Responsibilities
- Provides underwriting support for the entire underwriting process from start to finish within the Excess Casualty product group.
- Review incoming submissions to determine viability for quoting.
- Provide new business quotes for underwriter review or directly to brokers as determined by Underwriting Authority Letter.
- Complete renewal review process including underlying policies with coverage and exposure changes.
- Review underlying GL inspection reports, Geotech reports and financial information to notify underwriters of potential issues or provide recommendations.
- Process endorsements and determine acceptability.
- Upon completion, review and approve for distribution.
- Perform policy review process and approve for distribution.
- Review post binding subjectivities and construction agreements.
- Assist in special projects and other duties as needed.
Benefits
- Annual bonus plans
- Employee stock ownership plan (ESOP)
- 401(k) — automatic 3% company contribution
- Annual 401k and ESOP profit-sharing contributions (Up to 15% of eligible earnings)
- Paid time off (PTO) and holidays
- Paid volunteer time off (VTO) to support our communities
- Parental and family care leave
- Flexible & hybrid work arrangements
- Fitness center discounts and free virtual fitness platform
- Employee assistance program
- Comprehensive medical, dental and vision benefits
- Flexible spending and health savings accounts
- 2x base salary for group life and AD&D insurance
- Voluntary life, critical illness, & accident insurance for purchase
- Short-term and long-term disability benefits
- Training & certification opportunities
- Tuition reimbursement
- Education bonuses
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Entry Level
