Underwriter Associate, Hiscox Underwriting Center

Hiscox•Chicago, IL

1d•$55 - $72•Hybrid

About The Position

Build a brilliant future with Hiscox Underwriter Associate The Role and the Team: When you visit somewhere and see a picture hanging on the wall that’s a little out of whack – do you find yourself levelling it? And do you look for a tool, maybe an app on your phone, to help because you want to make it perfect? Well, we may have the team for you, perfectionist: The Hiscox Underwriting Center (HUC), where existing and selected new business is underwritten, is the largest underwriting team in the company and responsible for 25% of all US business! We are a team of busy organizers and get-stuff-doners who support and inspire each other to win a high percentage of quotes and provide exemplary customer service based on fast response and definitive answers. As an Underwriter Associate in the HUC, you will analyze, price, quote and negotiate Professional Liability, Technology E&O, and Cyber/Privacy insurance to meet agreed service standards and key performance objectives. The volume of business is rising rapidly and career opportunities are growing so tell us about yourself today and we’ll get right back to you. What You’ll Be Doing as an Underwriter Associate: Underwrite, analyze, price and negotiate renewal accounts consistent with the quality of the risk and according to the company’s strategy and guidelines Develop relationships and maintain existing relationships with regional brokers and other Hiscox Underwriters in the various Hiscox offices around the US Achieve production targets and underwrite business profitably in a high-volume environment Responding to broker inquiries Person Specification: Strong interpersonal skills and ability to work in a collaborative environment Ability to effectively interact with all levels of internal and external personnel, including underwriting colleagues in other Hiscox offices, brokers, and customers Desire to learn and increase product knowledge and underwriting skill Strong skills in Microsoft Office (Excel, Word, PowerPoint and Outlook) and Internet applications Excellent written and verbal communication skills No college degree required Nice To Haves: Experience underwriting small business (Commercial insurance) accounts in a volume environment is preferred Experience handling complex customer transactions in a “call-center” operation Hiscox Values: At Hiscox our spirit is in Challenging Convention and everything we do is guided by our Values. Courage: Dare to take a risk Ownership: Passionate, commercial and accountable Integrity: Do the right thing, however hard Connected: Together, build something better Human: Clear, fair and inclusive What Hiscox USA Offers: Competitive salary and bonus (based on personal & company performance) 401(k) with competitive company matching Comprehensive health insurance, vision, dental and FSA plans (medical, limited purpose, and dependent care) Company paid group term life, short- term disability and long-term disability coverage 24 Paid time off days, 2 Hiscox Days, 10 paid holidays, and ability to purchase 5 PTO days Paid parental leave 4 week paid sabbatical after every 5 years of service Financial Adoption Assistance and Medical Travel Reimbursement Programs Annual reimbursement up to $600 for health club membership or fees associated with any fitness program Company paid subscription to Headspace to support employees’ mental health and wellbeing Recipient of 2024 Cigna’s Well-Being Award for having a best-in-class health and wellness program Dynamic, creative and values-driven culture Modern and open office spaces, complimentary drinks Please note that this position is hybrid and requires two (2) days in our office weekly Salary range: $55-$72k The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. About Hiscox: As an international specialist insurer we are far removed from the world of mass market insurance products. Instead we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things. We insure the unique and the interesting. And we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and look for solutions. Scratch beneath the surface and you will find a business that is solid, but slightly contrary. We like to do things differently and constantly seek to evolve. We might have been around for a long time (our roots go back to 1901), but we are young in many ways, ambitious and going places. Some people might say insurance is dull, but life at Hiscox is anything but. If that sounds good to you, get in touch. About Hiscox USA: Hiscox USA was established in 2006 to focus on the needs underserved and specialty commercial clients via both the regional broker and direct distribution channels and is today the fastest-growing business unit within the Hiscox Group. Today, Hiscox USA has a talent force of about 400 employees mostly operating out of 6 major cities - New York, Atlanta, Dallas, Chicago, Los Angeles and San Francisco. Hiscox USA offers a broad portfolio of commercial products, including technology, cyber & data risk, multiple professional liability lines, media, entertainment, management liability, crime, kidnap & ransom, commercial property and terrorism. You can follow Hiscox on LinkedIn, Glassdoor and Instagram (@HiscoxInsurance) #LI-RM1 Work with amazing people and be part of a unique culture If you want to help build a brilliant future; work with amazing people; be part of a unique company culture; and, of course, enjoy great employee benefits that take care of your mental and physical wellbeing, come and join us. If this is your first time visiting our career site and you wish to stay in touch please select the 'Introduce yourself' button on the top right. This will allow us to contact you with suitable vacancies. If you are a returning prospect and wish to view our current vacancies please Search for Jobs using the link on the top right. We’re a global, specialist insurer headquartered in Bermuda and listed on the London Stock Exchange. With 3,000 employees and 32 offices in 12 countries we’re a business with lots of opportunity for people with talent, spark and lots of ambition. If you want to build a great career with a company that prioritises strong values – such as integrity and courage – where our people always pull together to do the right thing for each other and our customers, then we’d love to hear from you.

Requirements

Strong interpersonal skills and ability to work in a collaborative environment
Ability to effectively interact with all levels of internal and external personnel, including underwriting colleagues in other Hiscox offices, brokers, and customers
Desire to learn and increase product knowledge and underwriting skill
Strong skills in Microsoft Office (Excel, Word, PowerPoint and Outlook) and Internet applications
Excellent written and verbal communication skills
No college degree required

Nice To Haves

Experience underwriting small business (Commercial insurance) accounts in a volume environment is preferred
Experience handling complex customer transactions in a “call-center” operation

Responsibilities

Underwrite, analyze, price and negotiate renewal accounts consistent with the quality of the risk and according to the company’s strategy and guidelines
Develop relationships and maintain existing relationships with regional brokers and other Hiscox Underwriters in the various Hiscox offices around the US
Achieve production targets and underwrite business profitably in a high-volume environment
Responding to broker inquiries

Benefits

Competitive salary and bonus (based on personal & company performance)
401(k) with competitive company matching
Comprehensive health insurance, vision, dental and FSA plans (medical, limited purpose, and dependent care)
Company paid group term life, short- term disability and long-term disability coverage
24 Paid time off days, 2 Hiscox Days, 10 paid holidays, and ability to purchase 5 PTO days
Paid parental leave
4 week paid sabbatical after every 5 years of service
Financial Adoption Assistance and Medical Travel Reimbursement Programs
Annual reimbursement up to $600 for health club membership or fees associated with any fitness program
Company paid subscription to Headspace to support employees’ mental health and wellbeing
Recipient of 2024 Cigna’s Well-Being Award for having a best-in-class health and wellness program
Dynamic, creative and values-driven culture
Modern and open office spaces, complimentary drinks