Underwriting Specialist

Great American Insurance Group

$70K — $94K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in Business, Economics, Risk Management and Insurance, or a related field or equivalent experience.
  • At least 5 years of experience in Underwriting or a related field.
  • Desire for professional designations like AU, CPCU, CIC, INS, or ARM is preferred.
  • Strong knowledge of company policies and industry regulations.
  • Demonstrated analytical skills with attention to detail.

Responsibilities

  • Evaluate and underwrite new and renewal business per company guidelines.
  • Analyze risk data for coverage, pricing, and terms decisions.
  • Collaborate with various stakeholders to clarify information.
  • Order and review reports to inform underwriting decisions.
  • Ensure documentation compliance with regulations.
  • Communicate underwriting choices clearly to teams and external parties.
  • Stay updated on industry trends and regulatory changes.

Benefits

  • Medical, dental, and vision coverage for full-time employees.
  • Wellness plans and parental leave options available.
  • Tuition reimbursement support.
  • Paid Time Off and paid holidays for eligible employees.
  • 401(k) plan with company matching contributions.
Full Job Description

Essential Job Functions and Responsibilities

  • Evaluates and underwrites new and renewal business in accordance with Company underwriting guidelines and risk appetite.
  • Analyzes risk data to make informed decisions on coverage, pricing, and terms.
  • Collaborates with actuaries, agents, brokers, and clients to obtain necessary information and clarify details.
  • Orders and reviews additional reports and screens, such as motor vehicle reports, loss history reports, outside inspections, etc., to inform decisions.
  • Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations.
  • Evaluates existing policies for potential renewal or modification.
  • Communicates underwriting decisions clearly and effectively to internal teams, agents, and brokers.
  • Stays updated on industry trends, regulatory changes, and market conditions.
  • Develops and maintains effective business relationships with internal and external customers/coworkers, focusing on generating new business and retaining profitable business.
  • Interprets, explains, and markets products and services.
  • Performs other duties as assigned.
  • The person hired for this position will work out of the Gainesville, GA office or remotely from one of the states in our Southeast region including GA, IL, TN,, IN, SC, KY, NC.

Job Requirements

Education: Bachelor27s Degree in Business, Economics, Risk Management and Insurance, or a related field or equivalent experience.Experience: Generally, a minimum of 5 years of experience in Underwriting or a related field. Completion of or continuing progress toward a professional designation preferred, such as Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS), or Associate of Risk Management (ARM).

Scope of Job/Qualifications: Performs work under general supervision and technical direction. Familiar with moderately complex concepts, practices and procedures. Works with authority on assignments of moderate technical complexity. Maintains strong knowledge of company policies and industry laws and regulations. Excellent interpersonal and communication skills. Demonstrates strong analytical skills with attention to detail. Strong negotiation and decision-making ability. Position requires occasional travel.

Company:

SCI Summit Consulting, LLC


Salary Range:

$70,680.00 -$94,620.00

Benefits:

We offer competitive benefits packages for full-time and part-time employees*. Full-time employees have access to medical, dental, and vision coverage, wellness plans, parental leave, adoption assistance, and tuition reimbursement. Full-time and eligible part-time employees also enjoy Paid Time Off and paid holidays, a 401(k) plan with company match, an employee stock purchase plan, and commuter benefits.

Compensation varies by role, level, and location and is influenced by skills, experience, and business needs. Your recruiter will provide details about benefits and specific compensation ranges during the hiring process. Learn more at http://www.gaig.com/careers.

*Excludes seasonal employees and interns.

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