Senior Underwriting

Summit Insurance Group, Inc.•Lakeland, FL

18h•Hybrid

About The Position

Summit Consulting, LLC (SCI) is seeking a Senior Underwriter to join their team. Headquartered in Lakeland, Florida, Summit employs over 700 associates and provides workers' compensation programs and services throughout the Southeast. As a member of Great American Insurance Group, Summit offers a dynamic work environment that fosters growth and development. This role involves evaluating and underwriting new and renewal business, analyzing risk data, collaborating with various stakeholders, and ensuring compliance with regulations. The position is based in the Lakeland, FL office and offers a hybrid work environment (4 days in office, 1 day work from home).

Requirements

Bachelor’s Degree in Business, Economics, Risk Management and Insurance, or a related field or equivalent experience.
Generally, a minimum of 5 years of experience in Underwriting or a related field.
Maintains strong knowledge of company policies and industry laws and regulations.
Excellent interpersonal and communication skills.
Demonstrates strong analytical skills with attention to detail.
Strong negotiation and decision-making ability.

Nice To Haves

Completion of or continuing progress toward a professional designation preferred, such as Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS), or Associate of Risk Management (ARM).

Responsibilities

Evaluates and underwrites new and renewal business in accordance with Company underwriting guidelines and risk appetite.
Analyzes risk data to make informed decisions on coverage, pricing, and terms.
Collaborates with actuaries, agents, brokers, and clients to obtain necessary information and clarify details.
Orders and reviews additional reports and screens, such as motor vehicle reports, loss history reports, outside inspections, etc., to inform decisions.
Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations.
Evaluates existing policies for potential renewal or modification.
Communicates underwriting decisions clearly and effectively to internal teams, agents, and brokers.
Stays updated on industry trends, regulatory changes, and market conditions.
Develops and maintains effective business relationships with internal and external customers/coworkers, focusing on generating new business and retaining profitable business.
Interprets, explains, and markets products and services.
Performs other duties as assigned.