Director of Underwriting

Specialty Program Group•Itasca, IL

About The Position

At Encore Fiduciary, we strive to be best-in-class underwriters in professional and management liability insurance niches in which we have demonstrated expertise and expertise. We earn our business by providing value to broker partners and policyholders with management liability expertise, thought leadership and risk management for our client. As a Senior Underwriter, you will play a critical role in growing our business by supporting our leading thought leadership and advocacy for our plan sponsor policyholders. To underwrite profitable new and renewal business opportunities in Encore Fiduciary’s fiduciary and management liability underwriting departments by: Servicing the renewal book, producing new business, underwriting, and account management of management liability and fiduciary liability Building relationships with brokers and clients to meet/exceed divisional growth goals. Exercising discretion and independent judgment in the analysis and evaluation of the risk. Making independent sales calls to market and cross-market products. Negotiating with brokers within the limits of delegated authority in accordance with established underwriting standards to achieve profitable objective.

Requirements

College degree and/or professional designation preferred.
Must have minimum 8 years’ experience underwriting management liability– specifically D&O, EPL, Fiduciary, & Crime
Established/existing relationships with retail or wholesale brokers that specialize in management liability insurance
Experience underwriting private companies preferred
Ability to function well in a team as well as with people from all levels of the industry, internally and externally.
Excellent written and oral communication skills.
Detail oriented with strong mathematical skills.
Self-motivator; ability to take initiative; possesses drive.
Ability to present oneself in a professional manner.
Ability to work independently and with minimal supervision.
Ability to handle multiple tasks in a fast-paced environment.

Responsibilities

Underwrite new and renewal submissions with an emphasis on risk analysis, coverage and price.
Indicate, quote, request additional information or decline in accordance with established guidelines, authorities and procedures outlined by the insurance carrier and/or the department.
Develop, over time, an expertise in fiduciary liability insurance for multiemployer, governmental, and for-profit plan sponsors.
Foster producer relationships by actively making marketing telephone calls and on occasion accompany the marketing team for an office visit.
Maintain servicing standards for all facets of underwriting.
Maintain a solid working relationship with insurance carrier and agents/brokers.
Demonstrate the ability to articulate coverage differences and company stances to brokers.
Develop comprehensive referrals for the management team to review or for carrier approval.
Perform other duties and projects as assigned by management.