Full Job Description
Associate Underwriter
Job Description:
AEGIS Insurance Services, Inc. ("AEGIS") has an immediate opening for an Associate Underwriter 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.
Job Requirements:
30 Experience that effectively demonstrates the following skills and abilities:
30 Analytical thinking that identifies the potential for and extent of risk and risk related factors
30 Data driven decision making that leverages available information to make informed decisions
30 Negotiation skills that successfully achieve consensus among parties with differing viewpoints and values
30 Interpersonal skills that build and maintain professional relationships with customers and counterparts
30 Undergraduate degree or equivalent work experience in finance, risk management, engineering, or law
30 CPCU and/or other professional insurance or engineering related certifications/designations a plus; P&C and/or Surplus Lines broker licenses a plus
30 Working knowledge of utility industry operations and exposures a plus
30 Working knowledge of property and casualty technical rating/pricing a plus
30 Working knowledge of insurance policy and endorsement wording a plus
30 Proficiency with Microsoft Office: Specifically Word, Excel, and PowerPoint
30 Ability to understand and analyze complex risks
30 Willingness to travel as needed
Candidate Attributes:
30 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
30 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
30 Quality-Focused: Demonstrates a solution-focus, displays thoroughness and accuracy through quality deliverables, and demonstrates persistence and perseverance in achieving concrete and tangible outcomes
30 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:
Account Management
30 Successfully accomplish the proper underwriting of assigned accounts by evaluating the acceptability of utility and related energy risks for AEGIS coverage
30 Demonstrate the ability to effectively negotiate policy terms, conditions, and pricing with Member-Policyholders and brokers with management oversight
30 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
30 Meet established business plan targets, including product rate increases, premium growth, combined ratio, cross marketing, and new business objectives
30 Maintain premium equity among AEGIS Member-Policyholders and maintain renewal retention ratios for assigned accounts
Relationship Management and Customer Support
30 Achieve and/or exceed established customer service standards and enhance relationship with Member-Policyholders and brokers through quality and excellence in service
30 Demonstrate the ability to comfortably present and participate in underwriting meetings with internal and/or external audiences
Quality Assurance and Continuous Improvement
30 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
30 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:
30 Health & Wellness: Medical, dental, vision, mental health support and employee assistance programs
30 Retirement: 401(k) with matching contribution
30 Income Protection: Life, disability, accident and critical illness insurance
30 Time Off: Vacation days, sick days, holidays and family/military leave options
30 Other: Commuter benefits, pet insurance, hybrid work schedule
30 Growth: Tuition assistance and professional development opportunities