Job DescriptionSummary: The Underwriting Consultant reviews and underwrites large books of business, diverse accounts, and evaluates complex risk scenarios or situations and is responsible for contributing to target profit and loss metrics for an assigned book of business. This role will act as a lead within underwriting, perform training with individuals or groups, and answer questions for lower-level underwriters.
This is a 100% in-office position. Candidates must be able to work on-site at a designated company office during standard business hours.
Essential Responsibilities: - Evaluates and assesses risk on more complex applications, renewals, and reinstatements and makes decisions as to whether a risk is acceptable.
- Responsible for contributing to target profit and loss metrics for assigned portfolio.
- Recommends pricing decisions in line with retention objectives and actively interacts with internal and external customers to enhance the business relationship and improve retention ratios.
- Considers alternative options of insurance, such as facultative reinsurance, as part of their determination of risk eligibility.
- Constructs complex policy and coverage structures to meet large account needs.
- Understands company appetite for reinsured exposure and retention limits.
- May work directly in the field with Agents to underwrite and bind business.
- Provides product knowledge transfer to Agents and Underwriters and assists Agents and field management on changes in guidelines and processes via teleconference, webinar, and in-person presentations.
- Mentors lower-level underwriters on advanced or complex risks.
- Educates, coaches, and trains Agents on underwriting procedures, philosophy, and products.
- Independently leads and coordinates projects outside normal job duties which frequently involves working with others within and outside the department.
- Significant levels of familiarity with Agents and their staff and continually reassess assigned risks for profitability and exposure.
- Provides support or guidance in absence of Manager, acting as a Lead Team Member.
Qualifications / Experience Required: - Eight to 10 years of experience.
- Supervisory/management experience not applicable.
- Experience mentoring or coaching lower-level underwriters.
Preferred Qualifications: - Associate or Bachelor's degree preferred, but not required. Equivalent experience considered in place of collegiate studies.
- Applicable designation strongly preferred, or progress towards.
The base salary range provided below is for hires in those geographic areas only and will be commensurate with candidate experience. Pay ranges for candidates in other locations may differ based on the cost of labor in that location. In addition to base salary, this position is eligible for an annual bonus based on company and individual performance as well as a generous benefits package.
- New York City Pay Range: $96,000 - $140,000
- New Jersey, Connecticut, Boston, and Albany Pay Range: $96,000 - $126,000
- Massachusetts, Rhode Island, and Vermont Pay Range: $96,000 - $116,000
Benefits and CompensationWe offer a competitive compensation package, performance-based incentives, and a comprehensive benefits program-including health, dental, vision, 401(k) with company match, paid time off, and professional development opportunities.
