Sr Underwriter - Excess Casualty (New York Construction)

RLI Insurance Company•Glastonbury, CT

2d•$111,357 - $156,093

About The Position

The Senior Underwriter works in RLI’s Excess Liability group, specializing in New York construction liability. With minimal oversight, the role takes ownership of complex underwriting decisions, selects appropriate risks, and identifies profitable business opportunities. The Senior Underwriter develops relationships with producers, reinsurers, and other industry contacts, increases submission flow, and contributes to the growth and profitability of the portfolio. The position analyzes and evaluates new and renewal submissions, including those with high premium or risk exposure, and may accept, decline, rate, quote, and bind them. It also reviews complex submissions, losses, pricing models, and sources of profit; prepares and completes underwriting analyses; and works toward building and maintaining a profitable book of business. The Senior Underwriter may handle approval, issuance, or policy change requests within their authority and presents solutions to management on non-standard issues without prior oversight. RLI describes its employees as owners and offers a total rewards package that includes compensation, benefits, professional development, and employee ownership. The role’s base salary range is $111,357 to $156,093, with the offer dependent on factors such as location, experience, responsibilities, qualifications, and business needs. RLI also describes flexible and hybrid work arrangements; the posting does not specify which arrangement applies to this position.

Requirements

Typically requires a bachelor's degree in insurance, finance, risk management, business, or a related field, or equivalent education and experience.
At least 5 years of related experience for consideration.
Experience underwriting excess liability policies related to New York construction.
Ability to apply analytical methods to underwriting and find workable solutions.
Ability to communicate underwriting findings and recommendations verbally and in writing to internal and external contacts.
Ability to use software to summarize and analyze large amounts of data.
Ability to understand and document risk operations and communicate findings.
Analytical skills and understanding of submission requirements, model entry, and product appetite.
Good understanding of the markets and clients being serviced.
Understanding of internal product processes and loss rating and credibility.
Ability to exercise appropriate underwriting judgment and determine proper sign-off.
Typically has obtained a letter of authority and has higher authority than an Underwriter I, handling somewhat more complex risks.

Responsibilities

Analyze, evaluate, accept, decline, rate, quote, and bind new or renewal submissions with high premium or risk exposure.
Build strong relationships with agents, reinsurers, and other industry contacts.
Review complex submissions, account losses, pricing models, and profitable premiums.
Review complex sources of profit by selecting appropriate risks.
Prepare, review, and complete underwriting analyses of accounts.
Understand and document the nature of operations for assigned risks and communicate findings.
Process policy approval, issuance, or change requests within the position’s authority.
Present solutions to management on non-standard issues without prior oversight or guidance.
Work toward building and maintaining a profitable book of business.
Participate in underwriting-related continuing education.
Assist with special projects or other duties as needed.

Benefits

Annual bonus plans.
Employee stock ownership plan (ESOP).
401(k) with an automatic 3% company contribution.
Annual 401(k) and ESOP profit-sharing contributions, up to 15% of eligible earnings.
Paid time off and holidays.
Paid volunteer time off.
Parental and family care leave.
Flexible and hybrid work arrangements.
Fitness center discounts and a free virtual fitness platform.
Employee assistance program.
Medical, dental, and vision benefits.
Flexible spending and health savings accounts.
Group life and AD&D insurance equal to 2x base salary.
Voluntary life, critical illness, and accident insurance available for purchase.
Short-term and long-term disability benefits.
Training and certification opportunities.
Tuition reimbursement.
Education bonuses.
RLI covers the cost for most professional development programs, with bonuses typically earned upon successful completion of approved courses and certifications.