In-depth knowledge of insurance market and appetite
Strong negotiation skills with mathematical proficiency
Excellent written, verbal, and interpersonal communication skills
Detail-oriented with strong organizational and analytical skills
Ability to travel 20% of the time
Responsibilities
Underwrite and analyze complex new and renewal accounts
Serve as a subject matter expert on insurance policies
Assess risks to determine pricing, coverage, and terms
Identify and evaluate additional risk assessment information
Establish underwriting policies and procedures
Develop and maintain relationships with agencies and brokers
Provide training and coaching to underwriting team members
Benefits
Comprehensive health, dental, and vision insurance
401(k) plan with employer contributions
Flexible spending and health savings accounts
Short and long-term disability insurance
Life insurance and voluntary programs
Generous paid time off policy
Paid family leave and holiday time
Full Job Description
Description and Requirements
General Description: Assess large risks of a complex nature, develop, and negotiate premiums. Manage relationships with brokers and carriers. Provide appropriate insurance products to clients. Generate profit in accordance with company goals.
Responsibilities:
Underwrite and analyze new and renewal accounts for the most complex assignments.
Serve as a subject matter expert to review insurance policy.
Assess the risk to determine the appropriate price, coverage, and terms and conditions. Bring policy to completion with recommending and binding coverage, invoicing, and policy issuance.
Identify the need, order, and evaluate additional risk assessment information.
Underwrite within defined broad limits and authority.
Establish underwriting policy and procedures. Provide reports to management.
Develop and maintain working relationships with agencies. Communicate effectively through broker negotiations to ensure new business flow and profitable production.
Communicate with agents to obtain supplemental underwriting information.
Analyze and rate endorsement requests.
Recommend authority levels for underwriting staff and amendments/enhancements. Includes coverage, policy forms, premium rate plans and underwriting guidelines, loss control guidelines, and distribution.
Collaborate with internal departments to execute agreed strategy and identification of opportunities.
Engage in professional development. Includes relevant industry and organizational education and training.
Provide training and coaching for other underwriting team members as needed.
Require travel for client relationship building, key client/carrier meetings, and educational development.
Knowledge, Skills and Abilities:
7+ years of underwriting experience.
High school diploma or equivalent required.
Broad and deep knowledge of insurance industry market and appetite.
Ability to establish product risk factors. Includes proper risk exposure and compliance with state departments of insurance.
Ability to effectively identify insurance product needs in the marketplace.
Ability to negotiate with strong mathematical skills.
Strong written, verbal, and interpersonal communication skills.
Working knowledge of Microsoft Office suite of products.
Proficiency in utilizing company systems.
Strong organizational and analytical skills with attention to detail and accuracy.
Ability to travel 20% of the time.
USI is committed to providing a full-suite of competitive benefits for our growing population and its diverse needs. We offer a wide range of health, welfare and financial benefits including medical, wellness, dental and vision, 401(k), flexible spending and health savings accounts, short and long-term disability, life insurance and other unique employer-sponsored and voluntary programs. USI also offers a generous paid time off policy, paid family leave benefit as well as paid holiday time.
About USI Holdings Corporation
USI is a leading insurance brokerage and consulting firm, delivering property and casualty, employee benefits, personal risk, program and retirement solutions throughout the United States. Headquartered in Valhalla, New York, USI has over 200 offices across the United States. USI combines industry-leading national capabilities delivered through longstanding, passionate and committed local service teams. USI stands for Understand, Service and Innovate. At USI, we work to Understand the specific needs of our clients, to provide an unparalleled local Service experience, and to Innovate with cutting-edge solutions so our clients can continue to invest and grow.
