Senior Underwriting Specialist

Role Overview

• 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

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