Underwriter I

Coverys • Boston, MA

1d

About The Position

Position Summary The Underwriter I will evaluate new and renewal risks to ensure proper risk selection, pricing, and terms for policies generated in assigned territory. This position will work within the established strategy and delegated authority to generate a profitable portfolio. Essential Duties & Responsibilities Risk evaluation. Evaluate submissions to determine acceptability of risks in accordance with company guidelines and standards. Determine proper coverage, pricing, limits and terms based on exposure. Guideline adherence. Understand and follow the applicable underwriting guidelines, policies, and procedures to maintain consistency and adherence to industry regulations. Operate within assigned letter of underwriting authority. External communication. Interact with customers, agents, and brokers to gather necessary information and to clarify underwriting requirements. Negotiate policy terms. Participate in stewardship meetings. Data analysis. Utilize analytical tools to evaluate exposure and understand the driver of claims. Collaboration. Drive a multi-disciplinary approach to understanding insureds’ risks. Collaborate with other underwriters and team members to gain a comprehensive understanding of the exposure and best means to provide coverage. Documentation. Maintain accurate and detailed records of underwriting decisions and communication with both internal and external parties. Responsible for documenting the underwriting process and decisions of assigned policies. Portfolio Management. Manage profitability, risk characteristics, submission flow, agent/broker relationships and customer service of assigned territory. Exhibit knowledge of insurance and health care industries and other companies underwriting similar coverage. Marketing. Assist in marketing activities. Project work. May participate on projects. Education, Experience, Competencies & Values Bachelor's degree from four-year college or university preferred; or two to five years related experience and/or training; or equivalent combination of education and experience. Willingness to complete requirements of the CPCU or RPLU designation is preferred. Strong analytical skills. Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, governmental regulations, underwriting guidelines and manuals, bylaws, financials, articles of organization, loss runs, Joint Commission reports and other industry reports. Ability to write reports and business correspondence. Proficiency with Microsoft Office suite of programs. Comfortable and effective in presenting information and responding to questions from groups of managers, clients, customers, and the general public. Ability and willingness to travel up to 20% of the year. Base salary range is $72,355 - $97,885. Individual compensation packages are based on a variety of factors that are unique to each candidate including location, skill set, experience, qualifications and education. If you're a caring and customer focused individual who enjoys working with passionate team members, Coverys is the right company for you! They say an organization is only as good as its people. Here at Coverys, we believe that our employees are our most valuable asset. Each of our positions is thoughtfully crafted to ensure alignment with our mission, and every opportunity to join our team is an opportunity to support and protect the healthcare community. Our open positions offer you the chance to join a team of compassionate, dedicated, and resilient employees who are committed to becoming the best in the business. We are an organization committed to growth and professional development, keeping up to date with changes in the healthcare industry to ensure we're providing our insureds with the best possible support. All the while, we are committed to our employees and listen to the needs of our internal talent. Our benefits package is available day 1 of employment, so you never miss a beat. There is truly something for everyone in our benefits package, whether you are raising a family or a furry friend, or you're an avid traveler who uses PTO to chase down your next adventure. The important work done by Coverys employees is not limited to what's done at our desks. Throughout the year, we provide ample opportunities to get involved in our local communities. We get involved, we raise money, and we give back. Connecting with colleagues takes on new meaning when you're elbow-deep planting trees or rolling up your sleeves serving lunch to those in need. The giving doesn't end there—Coverys cares about the initiatives near and dear to your heart. That's why we offer directed donations, as well as company matchings, to support the organizations that you are personally involved with. Coverys is a dynamic organization, with opportunities to join our team across the US, as well as internationally in the UK and Ireland. Coverys is an equal-opportunity employer. Coverys’ job openings are open to all without regard to race, color, national origin, gender, gender identity, religion, age, height, weight, disability, political beliefs, sexual orientation, marital status, family status, or veteran status.

Requirements

• Bachelor's degree from four-year college or university preferred; or two to five years related experience and/or training; or equivalent combination of education and experience.
• Strong analytical skills.
• Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, governmental regulations, underwriting guidelines and manuals, bylaws, financials, articles of organization, loss runs, Joint Commission reports and other industry reports.
• Ability to write reports and business correspondence.
• Proficiency with Microsoft Office suite of programs.
• Comfortable and effective in presenting information and responding to questions from groups of managers, clients, customers, and the general public.
• Ability and willingness to travel up to 20% of the year.

Nice To Haves

• Willingness to complete requirements of the CPCU or RPLU designation is preferred.

Responsibilities

• Evaluate submissions to determine acceptability of risks in accordance with company guidelines and standards.
• Determine proper coverage, pricing, limits and terms based on exposure.
• Understand and follow the applicable underwriting guidelines, policies, and procedures to maintain consistency and adherence to industry regulations.
• Operate within assigned letter of underwriting authority.
• Interact with customers, agents, and brokers to gather necessary information and to clarify underwriting requirements.
• Negotiate policy terms.
• Participate in stewardship meetings.
• Utilize analytical tools to evaluate exposure and understand the driver of claims.
• Drive a multi-disciplinary approach to understanding insureds’ risks.
• Collaborate with other underwriters and team members to gain a comprehensive understanding of the exposure and best means to provide coverage.
• Maintain accurate and detailed records of underwriting decisions and communication with both internal and external parties.
• Responsible for documenting the underwriting process and decisions of assigned policies.
• Manage profitability, risk characteristics, submission flow, agent/broker relationships and customer service of assigned territory.
• Exhibit knowledge of insurance and health care industries and other companies underwriting similar coverage.
• Assist in marketing activities.
• Participate on projects.

Benefits

• benefits package is available day 1 of employment
• ample opportunities to get involved in our local communities
• directed donations, as well as company matchings, to support the organizations that you are personally involved with

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 251-500 employees