D&O Financial Institutions Underwriter

Great American Insurance Company • Schaumburg, IL

4d • Hybrid

About The Position

Great American Insurance Group’s Executive Liability Division underwrites Directors’ and Officers’ Liability, Employment Practices Liability, and Fiduciary Liability insurance for public, private, and nonprofit companies. The D&O Financial Institutions Underwriter markets, underwrites, and produces profitable business, handling new and renewal business in accordance with company objectives and policies. The role is based in the Schaumburg, Illinois office and follows a hybrid schedule, with employees expected to work onsite four days per week and remotely one day per week. The job title and grade depend on the successful applicant’s experience. Applicants must be authorized to work in the United States without current or future employment visa sponsorship.

Requirements

• Generally, 0 to 5 years of insurance, banking, financial institution, or related experience.
• Bachelor’s degree with a focus in Finance, Accounting, or another business-related field.
• Strong organizational skills and ability to establish priorities and meet deadlines.
• Strong verbal and written communication skills to support customer relationships and marketing products and services.
• Ability to travel as needed and work autonomously.
• Authorization to work in the United States without current or future employment visa sponsorship.

Responsibilities

• Manage an assigned book of business by evaluating, underwriting, and pricing accounts within authority guidelines.
• Select or reject risks and manage retention, growth, and profitability within the scope of authority and divisional objectives.
• Analyze financial statements for prospective risks and recommend pricing and terms consistent with underwriting guidelines.
• Service complex multiline risks.
• Communicate directly with brokers to develop and maintain strong relationships.
• Conduct out-of-state marketing visits.
• Promptly issue quotes, policies, and endorsements.
• Understand, compare, and contrast internal policy language and competitor forms.
• Perform additional duties as assigned.

Benefits

• Full-time employees have access to medical, dental, and vision coverage, wellness plans, parental leave, adoption assistance, and tuition reimbursement.
• Full-time and eligible part-time employees receive paid time off and paid holidays, a 401(k) plan with company match, an employee stock purchase plan, and commuter benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level