New Business Underwriter

Converge Insurance

16d•$75,000 - $135,000

About The Position

The New Business Underwriter handles underwriting tasks for assigned files to support premium growth and target loss ratio results. The role is accountable for service, compliance, and portfolio-management performance metrics. It maintains and underwrites a profitable portfolio of Cyber Liability, Technology E&O, Media Liability, and other E&O coverages; evaluates, selects, and prices cyber insurance policies within underwriting guidelines and authority; and manages partner, broker, and agent relationships. The underwriter also participates in internal audits and collaborates with product, claims, and technology teams to support underwriting processes.

Requirements

Bachelor’s degree.
1–5 years of experience in cyber underwriting.
General commercial and financial knowledge.
Communication skills across functional areas.
Knowledge of underwriting processes and systems.
Client service experience.
Working knowledge of cyber insurance coverages and the claims process.
Ability to manage time and priorities and execute on timelines.
Knowledge of Microsoft Office Suite and other business-related software.
Ability to travel up to 15% as necessary.

Responsibilities

Maintain and underwrite a profitable portfolio of Cyber Liability, Technology E&O, Media Liability, and other E&O coverages.
Evaluate, select, and price cyber insurance policies to achieve premium and profitability goals in accordance with underwriting guidelines and authority.
Monitor quote, bind, and claims ratios and take appropriate action to meet business objectives.
Develop and manage assigned relationships with partners, brokers, and agents, and ensure proper account servicing.
Participate in internal underwriting audits to ensure compliance with applicable guidelines.
Work with product, claims, and technology teams to ensure proper execution of underwriting processes.
Comply with corporate policies, procedures, regulations, and applicable codes of conduct.