Sr. Underwriter - E&S Property

RLI • Peoria, IL

229d • $109,173 - $153,033 • Hybrid

About The Position

Under general oversight, performs similar to Underwriter I and II but builds upon existing expectations; builds even stronger relationships with producers, reinsurers, and contacts; and rather than assist, has more ownership and responsibility to review complex sources of profit by selecting appropriate risks. Also responsible for increasing submission flows.

Requirements

• Typically requires a bachelor's degree in insurance, finance, risk management, business or a related field.
• Minimum of 5+ years of related experience for consideration.
• [OR] equivalent level of education and experience.

Nice To Haves

• Ability to use analytical methods in underwriting processes to find workable solutions.
• Ability to verbally and in writing, communicate findings and recommendations to internal and external contacts on underwriting matters.
• Ability to use software to summarize and analyze large amounts of data.
• Understands, applies, & properly documents nature of operations of the risk for accounts assigned & communicates findings.
• Ability to prepare, review, and complete underwriting analysis of accounts.
• Analytical skills and understanding of submission requirements, model entry, and product appetite.
• Participates in underwriting related continuing education.
• Ability to generate innovative solutions within the underwriting department.
• Has typically obtained letter of authority.
• Has a good understanding of the markets and clients being serviced.
• Has some authority to process approval, issuance, or change requests for policies.
• Works on slightly more complex risks than UW I and has obtained higher level of authority.
• Presents solutions to management on non-standard issues without prior oversight or guidance from manager.
• Ability to know proper sign off & correct UW judgement in most cases.
• Possess a thorough understanding of the internal processes of the product and displayed understanding of loss rating/credibility.
• Working toward building and maintaining a profitable book of business.

Responsibilities

• Analyze, evaluate, accept, decline, rate, quote, and bind new or renewal submissions with high premium or risk exposure.
• Build strong relationships between agents, reinsurers, and contacts.
• Review complex submissions, account losses, pricing models, and profitable premiums.
• Review complex sources of profit by selecting appropriate risks.
• Assist with special projects or other duties as needed.

Benefits

• Annual bonus plans
• Employee stock ownership plan (ESOP)
• 401(k) - automatic 3% company contribution
• Annual 401k and ESOP profit-sharing contributions (Up to 15% of eligible earnings)
• Paid time off (PTO) and holidays
• Paid volunteer time off (VTO) to support our communities
• Parental and family care leave
• Flexible & hybrid work arrangements
• Fitness center discounts and free virtual fitness platform
• Employee assistance program
• Comprehensive medical, dental and vision benefits
• Flexible spending and health savings accounts
• 2x base salary for group life and AD&D insurance
• Voluntary life, critical illness, & accident insurance for purchase
• Short-term and long-term disability benefits
• Training & certification opportunities
• Tuition reimbursement
• Education bonuses

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 501-1,000 employees