Senior Underwriter – Excess

This is a fully remote position, open to applicants in United States.

📋 Description

• Evaluate applications for excess insurance and assess whether to approve or deny coverage based on established underwriting criteria.

• Decide on the level of coverage to be provided and appropriate pricing based on presented exposures and individual risk factors.

• Analyze high-risk scenarios and determine the value of policies to ensure the secure and profitable distribution of risks.

• Familiarize yourself with various commercial insurance applications and relevant industry terminology.

• Follow underwriting guidelines and implement pricing strategies to meet profitability objectives.

• Approve or reject insurance applications within specified limits, issuing coverage and preparing referral submissions for risks that exceed individual authority.

• Review and assess risk characteristics on insurance applications, renewals, and change requests.

• Ensure that all underwriting activities adhere to industry and government regulations.

• Maintain documentation of underwriting files, including risk analysis and justification for pricing in line with established underwriting standards.

• Provide clients with recommendations regarding insurance applications to mitigate exposure to excessive risk.

• Apply underwriting guidelines, rules, standards, and levels of authority to accept, reject, or manage risk for applications, determining appropriate premiums, limits, and coverages.

• Build and nurture relationships with assigned producers to achieve production targets.

• Collaborate effectively with the underwriting team to finalize insurance applications in a timely manner.

• Utilize various databases to collect and verify additional data for submissions and employ specialized software to assess risks, ensuring precise policy pricing.

• Address customer needs by providing tailored guidance and assistance regarding their insurance requirements.

• Process accounts from approved quotes through to policy issuance with accuracy and efficiency.

• Suggest ideas for program development and enhancements to existing processes.

• Contribute to the growth of the Underwriting team by sharing knowledge and market insights, collaborating, and fostering mentoring relationships.

⛳️ Requirements

• A bachelor's degree is required.

• A minimum of 5 years of underwriting or relevant insurance experience is necessary.

• Experience in underwriting risks for the following sectors: construction, hospitality, habitational, real estate, and manufacturing.

• Strongly preferred experience in underwriting excess risk.

• CPCU, CIC, CRIS, Property & Casualty Brokers License, etc., are advantageous.

• Excellent customer service skills.

• Proficiency in the Microsoft Office Suite and the ability to quickly adapt to industry-specific software.

• Capability to work collaboratively with team members and across departments.

• A strong desire to learn, explore new concepts, and seek out additional knowledge.

• Flexibility to adapt, embrace change, and swiftly respond to shifting priorities.

🏝️ Benefits

• Employee Ownership Program - every eligible employee participates in financial rewards that increase as the company grows.

• Opportunities for professional development.

• Owner Referral Program.

• Work from home reimbursement for remote or hybrid roles.

• Canary emergency financial assistance program.

• Comprehensive medical, dental, and vision coverage.

• Life/AD&D Insurance.

• Confidential Employee Assistance Program.

• Health Savings Account, which includes company contributions.

• Short-term disability coverage.

• Voluntary benefits, including supplemental accident, critical illness, and hospital insurance.

• Employee discounts available.

• 401(k) Plan with company matching contributions.

• Additional Wealth Financial Wellness Program.

• Various Time Off Programs.

• 11 company-paid holidays.