Senior Underwriting Specialist (DE, GA, MD, NC, SC, PA, TN, VA, DC)

Great American Insurance Group•Washington, DC

10d•$107,200 - $125,000•Remote

About The Position

Summit provides independent insurance agents and their clients with workers’ compensation insurance and customer service. The Senior Underwriting Specialist leads evaluation and underwriting of new and renewal business, applying company guidelines and risk appetite. The role develops risk assessment models; assesses coverage, pricing, and terms; and works with actuaries, agents, brokers, and clients to obtain information and provide guidance. It also supports profitable new-business generation and retention, monitors underwriting practices and industry developments, and may coach staff or participate in talent and performance decisions. The position is remote and must be performed from Delaware, Georgia, Maryland, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, or Washington, DC. Work is performed under minimal supervision, with authority over complex assignments and potential responsibility as the highest escalation point for risk and coverage decisions. Occasional travel is required.

Requirements

Bachelor’s degree in Business, Economics, Risk Management and Insurance, or a related field, or equivalent experience.
Generally, at least 13 years of experience in underwriting or a related field.
Expert knowledge of company policies and industry laws and regulations.
Expert analytical, risk assessment, and problem-solving skills.
Excellent interpersonal and communication skills.
Advanced negotiation and decision-making ability.
Position requires occasional travel.

Nice To Haves

Completion of or continuing progress toward a professional designation, such as AU, CPCU, CIC, INS, or ARM, or a marketing designation.
Familiarity with marketing strategies and tools.

Responsibilities

Lead the evaluation and underwriting of new and renewal business in alignment with company underwriting guidelines and risk appetite.
Develop and implement advanced risk assessment models to inform coverage, pricing, and terms.
Build strategic partnerships with actuaries, agents, brokers, and clients to obtain information and provide guidance.
Obtain and analyze supplementary reports and screenings, including motor vehicle reports, loss history reports, and external inspections.
Document underwriting decisions and ensure compliance with state and federal insurance regulations.
Evaluate complex policy renewals and modifications, identifying opportunities for policy enhancements and risk mitigation.
Communicate underwriting strategies and decisions to internal teams, agents, and brokers.
Monitor and share insights on industry trends, regulatory changes, and market conditions.
Maintain effective relationships with internal and external customers and coworkers to generate new business and retain profitable business.
Monitor and evaluate underwriting practices and assist with strategic adjustments to improve effectiveness and outcomes.
Potentially coach and manage staff, and participate in talent selection, development, and performance management for direct reports.
Perform other duties as assigned.