Management Liability Underwriting Specialist (Wholesale market facing)
About The Position
We are excited to announce that the Management Liability team within IAT Insurance Group has an immediate opening for a Management Liability Underwriting Specialist with experience working with wholesalers to grow a profitable private, not-for-profit management liability book. The ideal candidate will have at least eight years of private, not-for-profit management liability underwriting experience. We will consider candidates with less experience and significantly more experience. The job title awarded will be based on the knowledge and ability demonstrated throughout the selection process. This position can work from IAT’s Naperville, IL, Alpharetta, GA, or Plano, TX. For the right candidate, other IAT locations, including remote, can be considered. The hybrid schedule requires working from the office Monday through Wednesday, with the option of working remotely on Thursday and Friday. Up to 25% travel is required. The internal title for this role is Underwriting Specialist or Underwriting Director, depending on the experience, knowledge, and ability a candidate can demonstrate.
Requirements
- Must Have: Bachelor’s degree in risk management, Finance, Business, or similar degree and at least eight years of Management Liability insurance experience.
- Able to demonstrate advanced underwriting experience and knowledge of the Management Liability Industry.
- Must possess strong analytical skills and have advanced knowledge and understanding of financial statements.
- Must be able to travel up to 25%.
- Must possess the ability to appropriately apply loss development and advanced loss analysis concepts to achieve optimal pricing of a risk.
- Must possess the ability to creatively utilize coverage features, deductibles, or reinsurance on individual risks to achieve company objectives.
- Requires strong math aptitude, excellent verbal and written communication, interpersonal and negotiating skills.
- Must possess knowledge of various computer programs, internet-based programs, and PC literate in the use of spreadsheets.
- To qualify, applicants must be authorized to work in the United States and must not require VISA sponsorship, now or in the future, for employment purposes.
Nice To Haves
- Preferred to Have: CPCU, ARM, or AU industry designations are preferred.
Responsibilities
- Review and analyze underwriting files, using judgment and experience as primary criteria, to accept new business or continue renewals within the established authority level.
- Review and analyze all documents within or associated with the underwriting file to establish accuracy in identification and minimizing the risk of exposure, utilizing change requests, claim information, loss control, and outside databases to identify changes in exposure to risk.
- Read, evaluate, and interpret contracts and policies to determine exposures providing guidance and clarification to others consistent with experience.
- Provide clarification and verification of coverage to the team members consistent with experience.
- Cultivating relationships; while also achieving organizational goals; applying diverse skills and perspectives to achieve common goals; driving engagement and creating a climate where staff are motivated to do their best.
- Demonstrates the ability to effectively work with diverse backgrounds, beliefs, demographics, experiences, etc., instilling inclusion in the workplace.
- Values people of all different backgrounds, cultures, and demographics contribute to an environment that makes all people feel included as well as experience a sense of belonging and fair treatment.
- Accepting and respectful of all differences (i.e., cultural, religious, gender, racial, nationality, knowledge, experiences, perspectives, etc.)
- Market to assigned distributors to achieve acceptable new business flow.
- Perform other tasks as needed.
Benefits
- 26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off
- 7% 401(k) Company Match and additional Profit Sharing
- Hybrid work environment
- Numerous training and development opportunities to assist you in furthering your career
- Healthcare and Wellness Programs
- Opportunity to earn performance-based bonuses
- College Loan Assistance Support Plan
- Educational Assistance Program
- Mentorship Program
- Dress for Your Day Policy
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
