Associate Underwriter, Renewable Energy

AEGIS Insurance Services, Inc.

$80K — $85K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years in analytical or underwriting roles relevant to risks in renewable energy
  • Strong negotiation skills to reconcile differing interests in underwriting transactions
  • Excellent interpersonal skills for building relationships with brokers and risk managers
  • Familiarity with renewable energy risks and property technical rating
  • Proficient in Microsoft Office suite, particularly Excel for data analysis
  • Bachelor's degree in finance, risk management, engineering, or law preferred
  • Professional certifications (e.g., CPCU) and licenses (P&C or Surplus Lines) advantageous

Responsibilities

  • Evaluate and accept or reject insurance risks in renewable energy sectors
  • Negotiate policy terms and pricing with stakeholders and brokers
  • Facilitate underwriting processes, including quotes and policy issuance
  • Collaborate with loss control teams to assess potential risks
  • Meet underwriting profitability targets and service standards
  • Maintain account relationships and premium equity among policyholders
  • Present underwriting insights and proposals in meetings

Benefits

  • Comprehensive health and wellness programs including medical, dental, and vision insurance
  • 401(k) plan with matching contributions
  • Life, disability, and accident insurance for income protection
  • Generous time off policies including vacation and sick days
  • Additional perks such as commuter benefits and pet insurance
  • Flexible hybrid work schedule options
  • Tuition assistance and opportunities for professional development
Full Job Description
AEGIS Insurance Services Inc. has an immediate opening for:
Associate Underwriter, Renewable Energy

Job Description:

AEGIS Insurance Services, Inc. ("AEGIS") has an immediate opening for an Associate Underwriter, Renewable Energy to ensure the development and delivery of consistently superior, properly underwritten insurance products through analyzing pertinent information, understanding risk characteristics and Member-Policyholders' needs, and building and maintaining relationships with brokers and risk managers thus enabling Member-Policyholders to achieve the lowest overall long-term cost of risk. Responsibilities include maintaining a portfolio of underwriting accounts, and achieving underwriting profitability objectives by evaluating, accepting, rejecting or modifying risk and coverage conditions within limits of delegated authority and in accordance with established Underwriting Guidelines, Letters of Authority and Quality Standards.

This position will report to Mat Pifer, Vice President & Renewable Energy Product Head.

Job Requirements:
  • Experience that effectively demonstrates the following skills and abilities:
  • Analytical thinking that identifies the potential for and extent of risk and risk related factors
  • Data driven decision making that leverages available information to make informed decisions
  • Negotiation skills that successfully achieve consensus among parties with differing viewpoints and values
  • Interpersonal skills that build and maintain professional relationships with customers and counterparts
  • Undergraduate degree or equivalent work experience in finance, risk management, engineering or law a plus
  • CPCU and/or other professional insurance or engineering related certifications or designations a plus; P&C and/or Surplus Lines broker licenses a plus
  • Working knowledge of utility industry operations / renewable energy risks and exposures a plus
  • Working knowledge of property technical rating/pricing a plus
  • Working knowledge of insurance policy and endorsement wording a plus
  • Proficiency with Microsoft Office: specifically Word, Excel, and PowerPoint
  • Ability to analyze complex risks and articulate a clear and concise assessment with proposed terms and conditions
  • Strong verbal and written communication skills
  • Willingness to travel as needed


Candidate Attributes:
  • Collaborative Communications and Behavior: Develops and maintains effective working relationships as a team member and across divisions; readily collaborates and shares information, seeks and provides constructive feedback, and supports a respectful workplace
  • Initiative and Accountability: Proactively addresses opportunities to enhance AEGIS' people, processes, products, and services, takes ownership for one's responsibilities by acting with integrity and in the best interest of the organization and stakeholders
  • Quality-Focused: Demonstrates a solution-focus, displays thoroughness and accuracy through quality deliverables, and demonstrates persistence and perseverance in achieving concrete and tangible outcomes
  • Service-Oriented: Conveys a genuine desire and ability to anticipate and meet customer needs and creates and nurtures mutually beneficial relationships within AEGIS and with AEGIS Members and brokers


Essential Job Functions:
  • Successfully accomplish the proper underwriting of assigned accounts by evaluating the acceptability of utility and related energy risks for AEGIS coverage
  • Demonstrate the ability to effectively negotiate policy terms, conditions, and pricing with Member /Policyholders and brokers with management oversight
  • Facilitate the underwriting process and workflow necessary to service accounts along with the assigned Assistant Underwriter; this includes handling new and renewal submissions, rating, quoting, binding, policy issuance and endorsements and premium collections
  • Work with AEGIS Loss Control professionals to identify potential risks
  • Meet established business plan / rate targets, including product rate increases, premium growth, combined ratio, cross marketing and new business objectives
  • Achieve and/or exceed established customer service standards and enhance relationship with Member-Policyholders and brokers through quality and excellence in service
  • Maintain premium equity among AEGIS Member-Policyholders and maintain renewal retention ratios for assigned accounts
  • Demonstrate the ability to comfortably present and participate in underwriting meetings with internal and/or external audiences
  • Acquire a sound understanding of and be conversant in applicable AEGIS product lines and relevant exposures and develop an in-depth knowledge and understanding of the utility and related energy industries; recognize and leverage opportunities to market additional products to assigned accounts
  • Participate in special projects as assigned; Examples include: maintaining exposure spreadsheets, claims review, organizing and consolidating manuscript endorsements for insurance policies, etc.


www.aegislink.com

We expect to pay a starting salary between $80,000 and $85,000. An applicant's placement within this range is based on their individual qualifications and professional experience. In addition to base salary, AEGIS employees are eligible to participate in the Company's annual incentive program, with competitive awards based on corporate and individual performance.

In addition, we offer a comprehensive and competitive suite of options for health & wellness, retirement, income protection, time off and additional benefits:
  • Health & Wellness: Medical, dental, vision, mental health support and employee assistance programs
  • Retirement: 401(k) with matching contribution
  • Income Protection: Life, disability, accident and critical illness insurance
  • Time Off: Vacation days, sick days, holidays and family/military leave options
  • Other: Commuter benefits, pet insurance, hybrid work schedule
  • Growth: Tuition assistance and professional development opportunities


In addition, we offer a comprehensive and competitive suite of options for health & wellness, retirement, income protection, time off and additional benefits:

  • Health & Wellness: Medical, dental, vision, mental health support and employee assistance programs
  • Retirement: 401(k) with matching contribution
  • Income Protection: Life, disability, accident and critical illness insurance
  • Time Off: Vacation days, sick days, holidays and family/military leave options
  • Other: Commuter benefits, pet insurance, hybrid work schedule
  • Growth: Tuition assistance and professional development opportunities


We will consider this application carefully, but it does not guarantee employment. Selection is on a competitive basis. In addition, you must meet employment standards and specific position requirements.

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