Senior Underwriter - Misc E&O (Hybrid)

Intact Insurance Specialty Solutions•Chicago, IL

2h•$111,000 - $130,000•Hybrid

About The Position

Intact Insurance Specialty Solutions is hiring a Senior Underwriter for its Management Liability team, based in the Chicago, Illinois office on a hybrid schedule. Under technical direction and within assigned underwriting authority, the role reviews complex risks and determines whether to accept, decline, or modify new and renewal business. The Senior Underwriter applies underwriting rules, manual rating rules, insurance laws, and company guidelines, while assessing the quality and quantity of risks and monitoring the performance of assigned producers and territory. The position manages a profitable book of business through portfolio reviews, analysis of profitability, growth and retention factors, and implementation of action plans. It evaluates exposures using applications and other sources, executes underwriting and portfolio strategies, builds producer relationships, and collaborates with claims, actuarial, risk control, and other underwriting staff. The role also supports marketing, pricing, products, and systems; manages workflow and documentation; travels to producers and accounts; and may coach and mentor less-experienced underwriters and assistants.

Requirements

Bachelor's degree.
Minimum of 3–5 years of progressively complex specialty underwriting experience.

Nice To Haves

Professional insurance designation, such as AICPCU or RPLU.

Responsibilities

Manage a profitable book of business by evaluating results, conducting portfolio reviews, analyzing factors affecting profitability, growth, and retention, and implementing and monitoring action plans.
Underwrite new and renewal business by examining and evaluating exposures using applications, internet searches, inspection reports, credit reports, and other sources.
Accept, decline, or modify risks within assigned underwriting authority, in partnership with the underwriting team and in compliance with state laws and company guidelines.
Execute management's underwriting strategy, including portfolio management and self-audits.
Develop working relationships with producers to achieve mutual growth, retention, and profitability goals and provide appropriate products and services.
Determine and execute account-management and agency-planning strategies.
Work with claims, actuarial, and risk control departments to better serve producers and accounts.
Gather and analyze competitor and producer information, including retention, profitability, and potential, to support pricing and underwriting appetite.
Work with underwriting staff to recommend marketing, pricing, products, and systems.
Collaborate with team members to manage work inventories and production activities, provide accurate and timely service, process underwriting decisions, and document files and reports using automated desktop systems and tools.
Travel regularly to key producers and accounts, monitor agency action plans, and participate in account-management, agency-planning, and marketing meetings.
Participate in industry events or committees as applicable.
Train and mentor less-experienced underwriters and underwriting assistants.
Stay abreast of industry, territory, and insurance trends.