About Us:
At [Omitted], we believe in nurturing your career ambitions with the right guidance and support. Our leadership is dedicated to creating a welcoming culture where every individual feels valued and connected to something meaningful. We are committed to empowering our employees to realize their full potential and achieve holistic wellbeing for themselves and their families through a comprehensive benefits package.
Job Summary:
As an Underwriter at [Omitted], you'll play a pivotal role in assessing risks within a designated book of business. Working under technical guidance, you'll handle assignments of significant complexity, ensuring adherence to underwriting policies, guidelines, and regulatory requirements.
Key Responsibilities:
- Review applications and financial documentation for risks requiring advanced underwriting skills, determining their acceptability based on company standards.
- Conduct financial and competitive analyses to determine appropriate pricing, ensuring compliance with regulatory requirements.
- Prepare quotes and address inquiries from agencies, policyholders, or external contacts, escalating issues to management when necessary.
- Negotiate with agents to achieve positive and profitable outcomes, while maintaining effective communication channels.
- Communicate underwriting decisions, requirements, and status updates to agencies, providing timely feedback.
- Analyze risk quality, quantity, and profitability, generating reports for management review.
- Actively market products and services through agencies or brokerage channels, fostering and maintaining relationships.
- Provide guidance to fellow underwriters and other functional areas, particularly regarding cross-sell opportunities.
- Stay updated on industry trends, regulations, and market developments, sharing insights with colleagues.
- Utilize advanced functionalities within relevant systems to streamline day-to-day activities.
- Collaborate with senior underwriters or management on risks exceeding authority level or requiring specialized handling.
Skills & Qualifications:
- Advanced understanding of underwriting principles and insurance industry practices.
- Demonstrated proficiency in technical expertise and product knowledge.
- Excellent interpersonal, communication, and negotiation skills, with the ability to engage effectively with diverse stakeholders.
- Capacity to work independently and demonstrate strong analytical and problem-solving abilities.
- Sound judgment and decision-making skills, with the ability to prioritize tasks effectively.
- Proficiency in Microsoft Office Suite and other relevant business software.
- Demonstrated leadership capabilities.
Education & Experience:
- Bachelor's degree or equivalent experience; professional designations preferred.
- Minimum three to five years of underwriting experience.
Employment Type: Full-Time
Salary: $ 40,000.00 140,000.00 Per Year
