D&O Financial Institutions Underwriter

Great American Insurance Group•Schaumburg, IL

5d•$75,000 - $100,000•Hybrid

About The Position

The D&O Financial Institutions Underwriter works in Great American Insurance Group’s Executive Liability Division, which underwrites Directors’ and Officers’ Liability, Employment Practices Liability, and Fiduciary Liability Insurance for public, private, and nonprofit companies. The underwriter markets, underwrites, and produces profitable business, including new and renewal business, in accordance with company objectives and policies. The position is based in the Schaumburg, Illinois office and is on-site four days per week, with the flexibility to work remotely one day per week. Job title and grade depend on the successful applicant’s experience. The position is not eligible for employment visa sponsorship; applicants must be authorized to work in the United States without current or future sponsorship.

Requirements

Generally, 0 to 5 years of insurance, banking, financial institution, or related experience.
Bachelor’s degree in Finance, Accounting, or another business-related field.
Strong organizational skills and the ability to establish priorities and meet deadlines.
Strong verbal and written communication skills to support customer relationships and market products and services.
Ability to travel as needed and work autonomously.

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, multi-line 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 and competitor policy language.
Perform additional duties as assigned.