Underwriter II (Excess)

Integrated Specialty Coverages, LLC

10h•$80,000 - $100,000

About The Position

Integrated Specialty Coverages, LLC (ISC) is a growth stage technology and data-driven commercial MGA and insurance wholesaler leading innovation in the market. Backed by one of the leading private equity firms, Onex Partners, and led by a forward-thinking management team, ISC is combining the worlds of insurance and technology to create an Insurtech powerhouse. As a leading online distributor of insurance products for a range of industries and “Main Street USA”, we are looking for the right people to help us in our mission of achieving exponential growth. We strive to be the number one place to go for brokers and agents to source insurance. To accomplish this, we’re building a digitally focused team that deeply understands the intersection between user experience, data, and AI/ML to optimize the way we engage with our customers and partners. Job Summary Review excess applications for insurance and evaluate applications to determine whether to accept or decline coverage based on established underwriting guidelines. Determine the level of coverage to be offered and appropriate pricing based on the exposures presented and individual risk characteristics. Assess excessive risks and determine value of policy to ensure safe and profitable distribution of risks. Become familiar with various commercial insurance applications and industry terminology. This is a career level position.

Requirements

Bachelor’s degree required
Minimum 3 years of excess underwriting or related insurance experience required
Strong customer service experience
Proficiency in Microsoft Office Suite and ability to quickly learn industry-specific software
Ability to work collaboratively with team members and other departments
Strong desire to learn, explore new ideas, and seeking out new knowledge
Ability to be flexible, embrace change, and quickly pivot in response to shifting priorities

Nice To Haves

CPCU, CIC, CRIS, Property & Casualty Brokers License, etc. a plus

Responsibilities

Adhere to underwriting guidelines and execute underwriting and pricing strategies to maintain profitability goals.
Use level of authority to accept, reject, or mitigate risk for applications.
Approve or decline insurance applications within certain limits and issue coverage and prepare referral submission for risks exceeding individual authority.
Ensure that underwriting activities comply with all industry and government regulations.
Documentation of Underwriting files including risk analysis and pricing justification in accordance with established underwriting standards.
Offer recommendations to clients on insurance applications to reduce exposure to excessive risk.
Collaborate closely with the underwriting team to finalize insurance applications efficiently.
Utilize multiple databases to gather and verify supplementary data for submissions and leverage specialized software to compare risks ensuring accurate policy pricing.
Respond to customer needs, providing guidance and assistance tailored to their insurance needs.
Process accounts from approved quotes through to policy issuance with accuracy and efficiency.

Benefits

Employee Ownership Program - every eligible employee shares in the financial rewards that grow when the company grows
Professional development opportunities
Owner Referral Program
Work from home reimbursement for remote/hybrid roles
Canary emergency financial assistance program
Comprehensive medical, dental, vision
Life/AD&D Insurance
Confidential, Employee Assistance Program
Health Savings Account, includes company contribution
Short-term disability
Voluntary benefits - supplemental accident, critical illness, hospital insurance
Employee discounts
401(k) Plan with company match contribution
Addition Wealth Financial Wellness Program
Various Time Off Programs
11 company paid holidays