Umbrella

Great American Insurance Group (DBA)•Chicago, IL

67d•Hybrid

About The Position

The Excess Liability Division specializes in offering large limits of liability to protect its clients' corporate assets from catastrophic loss. The Division offers significant capacity of up to $20 million dollars for both Lead Umbrella and Excess Liability placements. This protection is made available to companies varying in size from single location light hazard risks to a wide variety of more difficult to place manufacturers and processors. The Excess Liability Division is currently searching for a Senior Production Underwriting Specialist or an AVP of Underwriting to join our Excess Liability team. This individual will work a hybrid schedule (4 days in office, 1 day WFH) out of the Chicago, IL office OR fully remote if they reside in St. Louis, MO, Kansas City, MO or Minneapolis, MN. The underwriter will primarily be handling Lead Umbrella and Excess Liability risks in manufacturing, contracting, retail service and distribution. The business unit strategically solicits Middle Market to National commercial risks from a producer base that spans the United States.

Requirements

Bachelor's Degree or equivalent experience.
Generally, a minimum of 13 years of experience in Underwriting or a related field.
Effective communication and negotiation skills to build and leverage excellent customer relationships and to successfully market products and services.
Position requires frequent day and overnight travel, more than 10% but less than 50% of time to visits agents and brokers.

Nice To Haves

Excess and umbrella underwriting experience preferred.
Completion of or continuing progress toward a professional designation preferred.

Responsibilities

Responsible for leading the evaluation and underwriting of new and renewal business, ensuring alignment with Company underwriting guidelines and risk appetite.
Analyzes and evaluates complex risk data to make informed decisions on coverage, pricing, and terms.
Fosters strategic partnerships with claims, agents, brokers, and clients to obtain necessary information and provide guidance.
Procures and analyzes supplementary reports and screenings, such as Safer-SMS reports, loss history reports, and external inspections, to support underwriting decisions.
Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations.
Evaluates complex policy renewals and modifications, identifying opportunities for policy enhancements and risk mitigation.
Communicates underwriting strategies and decisions effectively to internal teams, agents, and brokers.
Monitors and shares insights on industry trends, regulatory changes, and market conditions.
Maintains effective business relationships with internal and external customers/coworkers, focusing on generating new business and retaining profitable business.
Responsible for explaining and promoting products and services to drive market growth.
Oversees the development and execution of comprehensive marketing strategies to effectively promote the company's products to brokers and agents.
Analyzes market trends and competitive landscape to identify strategic opportunities and makes recommendations for product enhancements and innovative marketing approaches.
Responsible for leading marketing initiatives, including presentations, industry events, and broker/agent meetings, to showcase the company's products and services.
Responsible for evaluating underwriting and marketing practices, implementing strategic adjustments to improve overall effectiveness and outcomes.
May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports.
Performs other duties as assigned.

Benefits

We offer a competitive Total Rewards package, including medical, dental, and vision plans starting on day one, PTO, paid holidays, commuter benefits, an employee stock purchase plan, education reimbursement, paid parental leave/adoption assistance, and a 401(k) plan with company match.
These benefits are available to eligible full-time and part-time employees.

Stand Out From the Crowd

Upload your resume and get instant feedback on how well it matches this job.

Upload and Match Resume