Executive Underwriter, Risk Management
About The Position
The Executive Underwriter in Major Accounts Risk Management develops, grows, and maintains a profitable, diversified book of loss-sensitive primary casualty business focused on Workers Compensation, General Liability, and Commercial Auto. The role combines marketing, underwriting decisions, agent and broker relationship development, market-facing leadership, and the use of underwriting tools, systems, and expert resources. The underwriter also guides and mentors less experienced underwriters, including providing employee coaching and feedback to the manager on progress. This is a range posting for a Senior or Executive Underwriter, depending on experience. The role involves evaluating and selecting risks, structuring programs, setting premiums and collateral, determining policy terms and conditions, obtaining approvals, presenting proposals, and negotiating deals. It also manages a sizable and complex portfolio, builds and maintains agent and broker relationships, documents underwriting decisions in compliance with applicable requirements, and contributes to continuous improvement and cross-department projects.
Requirements
- A degree in Business or equivalent is typically required.
- At least 7 years of progressive underwriting experience and/or other related business experience; typically 10 years or more.
- Proven analytical ability to evaluate and judge underwriting risks within the scope of responsibility.
- Ability to communicate complex analyses and information clearly in written and/or oral directives for underwriting or training purposes.
- Effective communication and interpersonal skills when dealing with internal and external stakeholders.
- Comprehension of complex technical underwriting issues and ability to define and implement the underwriting and administrative processes or workflows needed to manage them.
- Proven track record of developing and underwriting profitable business.
Nice To Haves
- CPCU or another professional insurance designation.
Responsibilities
- Review, rate, underwrite, evaluate, and assess insurance applications by qualifying accounts and identifying, selecting, and assessing risks.
- Determine program structure, premium, collateral, and policy terms and conditions; obtain approvals; create and present proposals to agents and brokers; and negotiate deals.
- Establish, develop, and maintain effective relationships with agents and brokers through responsive service, site visits, in-person renewal meetings, and knowledge of customers’ businesses.
- Develop a strong personal brand and maintain a long-term, quality pipeline with agents and brokers.
- Manage a sizable and complex book of business by analyzing the portfolio and identifying opportunities for improved growth, profitability, and diversification.
- Execute marketing plans and make broker marketing and cross-marketing calls to increase market share.
- Document underwriting files and decisions through account reviews, sign-offs, and referrals in compliance with state regulations, letter of authority, and underwriting guidelines.
- Guide, mentor, and coach underwriters and account analysts in technical and professional skills; provide regular updates to other underwriters and feedback to the manager on employee progress.
- Participate in continuous improvement by generating suggestions, taking part in problem-solving activities, and using continuous improvement tools.
- Participate in high-profile cross-department projects intended to improve underwriting and processes.
Benefits
- Comprehensive benefits
- Workplace flexibility
- Professional development opportunities
- Employee Resource Groups
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What This Job Offers
Job Type
Full-time
Career Level
Senior
