Production Underwriting Specialist – Alternative Markets

Role Overview

• 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 evaluates 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 promotes products and services to drive market growth
• Leverages advanced marketing techniques to interpret, explain, and promote the Company’s products to brokers and agents
• Duties may require travel to visit agents and/or attend conferences
• Monitors market trends and competition to identify opportunities for product enhancements and marketing strategies
• Organizes and participates in marketing initiatives, including presentations, industry events, and broker/agent meetings to showcase products and services

Requirements

• Bachelor’s Degree in Business, Marketing, Economics, Risk Management and Insurance, or a related field or equivalent experience
• Generally, a minimum of 5 years of experience in Underwriting or a related field
• Continuing progress toward and/or the completion of a professional designation preferred, such as Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS), Associate of Risk Management (ARM), or a marketing designation
• Familiarity with digital marketing strategies and tools is beneficial
• Strong property underwriting background preferred, but not required
• Familiar with moderately complex concepts, practices and procedures
• Maintains strong knowledge of company policies and industry laws and regulations
• Excellent interpersonal and communication skills
• Strong analytical skills and attention to detail
• Demonstrates expert analytical, risk assessment, and problem-solving skills
• Strong understanding of financial analysis and risk management.

Benefits

• medical, dental, and vision coverage
• wellness plans
• parental leave
• adoption assistance
• tuition reimbursement
• Paid Time Off and paid holidays
• 401(k) plan with company match
• employee stock purchase plan
• commuter benefits