Underwriting Specialist

Great American Insurance Group

$84K — $115K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business, Economics, Risk Management and Insurance, or related field.
  • Minimum of 9 years in Underwriting or related field.
  • Professional designation such as AU, CPCU, CIC, INS, or ARM preferred.
  • Advanced knowledge of company policies, industry laws, and regulations.
  • Excellent interpersonal and communication skills.

Responsibilities

  • Evaluate and underwrite new and renewal business according to company guidelines.
  • Develop and implement risk assessment models for decision-making.
  • Collaborate with team members and clients to gather information and provide guidance.
  • Analyze supplementary reports to support underwriting decisions.
  • Ensure documentation and compliance with regulations are properly maintained.
  • Evaluate complex policy renewals, identifying opportunities for improvement.
  • Communicate strategies and decisions effectively to internal and external stakeholders.

Benefits

  • Medical, dental, and vision coverage.
  • Wellness plans and parental leave.
  • Adoption assistance and tuition reimbursement.
  • Paid Time Off and paid holidays.
  • 401(k) plan with company match and employee stock purchase plan.
Full Job Description
Essential Job Functions and Responsibilities

  • Evaluates and underwrites new and renewal business in accordance with Company underwriting guidelines and risk appetite.
  • Develops and implements risk assessment models to make informed decisions on coverage, pricing, and terms.
  • Collaborates with actuaries, agents, brokers, and clients to obtain necessary information and provide guidance.
  • Procures and analyzes supplementary reports and screenings, such as motor vehicle reports, loss history reports, and external inspections, to support underwriting decisions.
  • Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations.
  • Evaluates complex policy renewals and modifications, identifying opportunities for policy enhancements and risk mitigation.
  • Communicates underwriting strategies and decisions effectively to internal teams, agents, and brokers.
  • Stays updated on industry trends, regulatory changes, and market conditions.
  • Maintains effective business relationships with internal and external customers/coworkers, focusing on generating new business and retaining profitable business.
  • Monitors and evaluates underwriting practices, assisting with implementing strategic adjustments to improve overall effectiveness and outcomes.
  • May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports.
  • Performs other duties as assigned.
  • The person hired for this position will work out of the Gainesville, GA office which offers a hybrid work environment (4 days in office, 1 day remote) or will work remotely in the following states: Georgia, Illinois, Indiana, Kentucky, North Carolina, South Carolina, Tennessee

#LI-Remote

Job Requirements

Education: Bachelor6s Degree in Business, Economics, Risk Management and Insurance, or a related field or equivalent experience.Experience: Generally, a minimum of 9 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), or a marketing designation.

Scope of Job/Qualifications: Performs work under limited supervision and technical direction. Works with significant latitude and authority on complex assignments. Maintains advanced knowledge of company policies and industry laws and regulations. Excellent interpersonal and communication skills. Demonstrates advanced analytical, risk assessment, and problem-solving skills. Strong negotiation and decision-making ability. Familiarity with marketing strategies and tools is beneficial. Viewed as a senior resource on the Underwriting team. Provides technical advice and support to lower-level positions. Position requires occasional travel.

Company:

SCI Summit Consulting, LLC


Salary Range:

$84,400.00 -$115,600.00

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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