Description and RequirementsGeneral Description: Manage a team of insurance underwriters. Assess large risks of a complex nature. Oversight of underwriters to develop and negotiate premiums. Manage relationships with brokers and carriers. Provide appropriate insurance products to clients. Generate profit in accordance with company goals.
Responsibilities: - Accountable for full-cycle recruitment, management, and development of assigned team. Includes providing guidance, training, and performance management.
- Identify, plan, and resolve routine department coverage and workload issues.
- Underwrite and analyze new and renewal accounts for the most complex assignments.
- Serve as a subject matter expertise 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.
- 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 to applicable program. Includes coverage, policy forms, premium rate plans and underwriting guidelines, loss control guidelines, and distribution.
- Collaborate with internal departments to execute agreed program strategy and identification of program opportunities.
- Engage in professional development. Includes relevant industry and organizational education and training.
- Require travel for client relationship building, key client/carrier meetings, educational development, and employee meetings.
Knowledge, Skills and Abilities:- 7+ years of underwriting experience. Includes 2+ years of supervisory experience.
- High school diploma or equivalent required.
- For direct client service/underwriting, Property & Casualty and/or appropriate business licensure is required.
- Ability to manage a team effectively.
- Broad and deep knowledge of insurance industry market and appetite.
- Ability to establish product risk factors including proper risk exposure and compliance with state departments of insurance.
- Ability to effectively identify insurance product needs in the marketplace.
- Ability to negotiate and 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 25% of the time.
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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.
