Sr Underwriter - Excess Casualty (New York Construction)

RLI Insurance • Glastonbury, CT

20h • $111,357 - $156,093

About The Position

The Senior Underwriter works within 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 and strengthens relationships with producers, reinsurers, and other industry contacts, drives increased submission flow, and contributes to the growth and profitability of the portfolio.

The position handles complex, high-premium or high-exposure new and renewal submissions and works toward building and maintaining a profitable book of business. It requires sound underwriting judgment, a thorough understanding of product processes and loss rating and credibility, and the ability to address non-standard issues with limited guidance.

RLI describes its Total Rewards program as including compensation, benefits, and perks, with an Employee Stock Ownership Plan (ESOP) at its core. The role’s listed base pay range is $111,357 to $156,093. RLI also describes professional development opportunities and its commitment to diversity and inclusion.

Requirements

• Typically requires a bachelor's degree in insurance, finance, risk management, business, or a related field, or an equivalent level of education and experience.
• At least 5 years of related experience for consideration.
• Experience underwriting policies related to excess liability in New York construction.
• Ability to use analytical methods in underwriting to find workable solutions.
• Strong verbal and written communication skills for conveying findings and recommendations on underwriting matters.
• Ability to use software to summarize and analyze large amounts of data.
• Ability to understand and document the nature of operations of assigned risks and communicate findings.
• Analytical skills and understanding of submission requirements, model entry, and product appetite.
• Understanding of markets and clients served.
• Typically has obtained a letter of authority and has higher-level authority than an Underwriter I, including some authority to process policy approval, issuance, or change requests.
• Ability to apply sound underwriting judgment, determine appropriate sign-off, and understand internal product processes and loss rating and credibility.
• Ability to handle somewhat more complex risks than an Underwriter I.

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.
• Help drive increased submission flow and contribute to portfolio growth and profitability.
• Prepare, review, and complete underwriting analysis of accounts.
• Document the nature of account risks and communicate underwriting findings and recommendations to internal and external contacts.
• Present solutions to management on non-standard issues without prior oversight or guidance from a manager.
• 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 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 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 for purchase
• Short-term and long-term disability benefits
• Training and certification opportunities
• Tuition reimbursement
• Education bonuses

What This Job Offers

• Job Type: Full-time
• Career Level: Senior