PURE Group of Insurance Companies

Underwriting Specialist - New England

Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree required
  • Minimum 7 years of high net worth underwriting experience
  • Demonstrated technical expertise and product specific knowledge
  • Strong analytical skills
  • Proficiency in sales and marketing
  • Excellent interpersonal, communication, and negotiation skills
  • Ability to effectively interact with various levels of internal and external partners

Responsibilities

  • Plan and budget for the book of business, tracking performance against plan
  • Develop and maintain key broker partnerships
  • Deliver exceptional service and create lasting relationships with brokers
  • Select risks for new and renewal underwriting, adhering to guidelines
  • Provide excellent referral service and support development of junior Underwriters
  • Identify and address profitability issues with minimal support
  • Implement profit improvement strategies effectively

Benefits

  • Comprehensive health benefits
  • Retirement savings plan
  • Professional development opportunities
  • Generous vacation policy
  • Flexible working environment
Full Job Description
About the role.

The Underwriting Specialist is a key member of the Underwriting team reporting to the Regional Underwriting Manager. The primary goal of this position is to profitably grow a book of business by actively partnering with brokers and working effectively with colleagues throughout the organization. This person will plan and budget for the book of business, develop and maintain broker relationships, and execute underwriting decisions. Underwriting Specialists are able to handle the large, complex accounts, and are expected to handle key relationships with a broker at the principle and PL manager level as well as drive business in the door through active engagement with COIs.

What you'll do.
  • Business Management. Planning and budgeting for the book of business, tracking and reporting performance to plan, and developing a clear view of market conditions and competitive landscape.
  • Broker Partnership. Development, maintenance and management of key broker partnerships; development of strategies and goals for brokers and tracking of progress; and positioning PURE within a broker partner, including:
    • Deliver exceptional, timely, complete and accurate service to brokers
    • Develop trusted, respected and lasting relationships with broker partners
    • Work with brokers to craft best solutions for their clients
    • Share knowledge and best practices with brokers
    • Underwrite empathetically at all times
  • Underwriting Execution. Responsible for new and renewal underwriting execution, including selecting risks in line with PURE's strategy and underwriting guidelines, operating within authority and documentation guidelines and following up on accounts and closing new business.
  • Underwriting Referrals. Responsible for delivering excellent referral service to more junior Underwriters on the Underwriting team, and assisting in their development.
  • Franchise Management. Command of their book of business and ability to clearly identify and address profitability and growth issues and implement effective profit improvement strategies with minimal outside support.

What we're looking for.
  • Bachelor's Degree
  • Minimum 7 years high net worth underwriting experience
  • Demonstrated technical expertise and product specific knowledge
  • Strong analytical skills
  • Demonstrated proficiency in sales and marketing
  • Strong interpersonal, communication and negotiation skills.
  • Ability to effectively interact with all levels of internal and external business partners; including insurance brokers.
  • Experience developing and executing on marketing plans and prospects
  • Ability to be creative and adaptable in a changing business environment
  • Sound, balanced and timely decision making skills
  • Knowledge of Microsoft Office Suite as well as other business-related software


The base salary for this role can range from $95,000 to $115,000 based on a full-time work schedule. An individual's ultimate compensation will vary depending on job-related skills and experience, geographic location, alignment with market data, and equity among other team members with comparable experience

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About PURE Group of Insurance Companies

PURE Group of Insurance Companies is a property and casualty insurance company that specializes in high net worth insurance. The company was founded in 2006 and is headquartered in White Plains, New York. PURE offers coverage for homes, automobiles, jewelry, art, personal liability, and watercraft. The company is known for its focus on risk management and loss prevention, and offers a range of services to help policyholders protect their assets. PURE has received numerous awards for its customer service and claims handling, and has been recognized as one of the fastest-growing companies in the United States.
Learn more about PURE Group of Insurance Companies
Size
900 employees
Industry
Net Income
$50 million
Founded
2006
5 Year Trend
+20%
Revenue
$1 billion

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