Leads the evaluation and underwriting of new and renewal business, ensuring alignment with Company underwriting guidelines and risk appetite
Develops and implements advanced risk assessment models to make informed decisions on coverage, pricing, and terms
Fosters strategic partnerships 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
Monitors and shares insights 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.
Requirements
Bachelor’s Degree in Business, Economics, Risk Management and Insurance, or a related field or equivalent experience
Generally, a minimum of 13 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
Performs work under minimal supervision
Works at the highest authority limits on the most complex assignments
Maintains expert knowledge of company policies and industry laws and regulations
Demonstrates expert analytical, risk assessment, and problem-solving skills
Excellent interpersonal and communication skills
Advanced negotiation and decision-making ability
Familiarity with marketing strategies and tools is beneficial