Underwriter, Midwest

Honeycomb Insurance•Chicago, IL

10h•Hybrid

About The Position

Honeycomb is a rapidly growing global startup, generously backed by top-tier investors and powered by an exceptional team of thinkers, builders, and problem-solvers. Dual-headquartered in Chicago and Tel Aviv (R&D center), and with 5 offices across the U.S., we are reinventing the commercial real estate insurance industry, an industry long overdue for disruption. Just as importantly, we ensure every employee feels deeply connected to our mission and one another. With over $55B in insured assets, Honeycomb operates across 20+ major states, covering 60% of the U.S. population and increasing its coverage. Honeycomb offers an environment of personal and career growth to achieve your best self through mentorship, engaging project assignments, personalized training and development, and internal and exterior exposure opportunities to expand your network and sphere of influence.

Requirements

2 -4 years of commercial insurance underwriting experience (Commercial Habitational experience strongly preferred)
Bachelor’s degree or equivalent education/experience preferred
Retail agency relationship preferred
Curiosity, hardworking, self-accountable, positive attitude, humble and fun
Have an opinion, share your opinion and be open to other opinions
Passion to obtain, retain and employ knowledge – as well as share knowledge
Excellent verbal and written communication skills
Strong analytical skills and attention to detail
Hybrid availability: Must be able to work from our downtown Chicago office three days per week (Tuesday through Thursday)

Responsibilities

Next-generation risk assessment – deinvesting away from binary underwriting and revisioning risk selection utilizing mega data, AI and curiosity.
Modernized underwriting using cutting edge technology to more accurately and quickly assess risk, price and bespoke coverage/terms to profitably grow and manage a book of business.
Quote and release new and renewal business that has been either referred from underwriting algorithm or seeking changes that exceed user authority thresholds
Analyze and approve requested policy changes
Maintain familiarity and compliance with state insurance regulations and ISO rules for all states within assigned underwriting territory
Maintain open, transparent and supportive communications with team members and interdivisional partners
Monitor portfolio composition via reports, audits and inspections
Support marketing functions and efforts to build and promote Honeycomb
Complete special projects and assignments
Some travel as deemed necessary <20%