Underwriter Director

Namic

$100K — $130K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree required
  • 4-5 years of insurance experience, preferably in Professional Liability
  • Preferred experience in interpreting and applying underwriting procedures/policies
  • Thorough knowledge of policy contracts and rating is preferred

Responsibilities

  • Receive, analyze, and interpret insurance applications and submissions
  • Determine premiums, limits, deductibles, and prepare quotes within authority
  • Document underwriting files appropriately
  • Communicate with agency personnel regarding application statuses
  • Review and analyze files to assess potential loss exposures
  • Collaborate with other NAMIC departments to meet insured needs
  • Negotiate and bind facultative reinsurance agreements

Benefits

  • Access to group medical, dental and vision
  • Matched 401(k) plan
  • One paid day each year to volunteer for a charity
  • Generous paid vacation
  • Friendly yet professional work atmosphere
Full Job Description
NAMIC Insurance Company (NAMICO), NAMIC's in-house professional liability insurance company, has a new opportunity for an Underwriter Director at our Indianapolis location. Relocation may be considered for qualified candidates. Reporting to the VP - Underwriting & Chief Underwriting Officer, this full-time position will review, evaluate and analyze exposures and coverages in the Professional Liability, Directors & Officers, Cyber Liability, Employment Practices Liability, Trustee & Fiduciary Liability, and Agents Errors & Omissions programs that require independent analysis and exercise of judgment on moderate and complex technical risks. Essential functions of the position include: • Receives, analyzes and interprets insurance applications/submission information in conformance with the underwriting rules and guidelines established by the Company, its reinsurers and its servicing carriers. • Determines premiums, limits, deductibles, retentions, endorsements, and identify alternatives and prepare quotes within underwriting authority. Submits quotes outside of authority level to a referral underwriter; accepts or rejects applications. • Documents underwriting files, as appropriate. • Communicates with agency personnel regarding status of applications, requests and gathers additional information; prepares specific wording to endorsements as needed and subject to approval of Product Development team. • Reviews, evaluates and analyzes files to ensure or determine potential loss exposures as related to premiums, reviews account loss ratio, notes changes to policy and determines action at renewal and communicates applicable action to NIA. • Works effectively with other NAMIC departments as needed to properly address the needs of our insureds/NAMIC members. • Reviews claim reports and documents the progress of claims in underwriting notes at each renewal. • Negotiates and binds facultative reinsurance agreements within authority level. Qualifications include: • Bachelor's degree required. • Experience in interpreting and applying underwriting procedures/policies within delegated area of authority preferred. • Prefer 4-5 years of insurance experience, preferably in Professional Liability. • Prefer thorough knowledge of policy contracts and rating. We offer an excellent compensation and benefits package with this full-time position. Benefits include access to group medical, dental and vision; a matched 401(k) plan; one paid day each year to volunteer with the charity of your choice; generous paid vacation; and more! We have a friendly yet professional work atmosphere where everyone enjoys working hard for the good of our members.

Similar Jobs

More Jobs at Namic

More Finance & Insurance Jobs

Find similar Underwriter Director jobs: