Production Underwriting Specialist – Alternative Markets
United States
Full Time
6 days ago
H1B Sponsor
Key skills
Risk ManagementCommunication
About this role
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.