Senior Underwriting Specialist

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

📋 Description

• Leads the assessment and underwriting of both new and renewal business in accordance with Company underwriting standards and risk appetite.

• Designs and implements sophisticated risk assessment models to inform coverage, pricing, and terms decisions.

• Cultivates strategic partnerships with actuaries, agents, brokers, and clients.

• Acquires and analyzes motor vehicle reports, loss history reports, external inspections, and various supplementary screenings.

• Records underwriting decisions and guarantees adherence to state and federal insurance regulations.

• Assesses complex policy renewals and adjustments, identifying opportunities for policy enhancement and risk mitigation.

• Communicates underwriting strategies and decisions to internal teams, agents, and brokers.

• Tracks and shares insights on industry trends, regulatory changes, and market conditions.

• Sustains business relationships with internal and external clients and colleagues to foster new business and retain profitable accounts.

• Reviews and assesses underwriting practices while assisting with strategic modifications.

• May oversee staff performance and coaching, and participate in talent selection, development, and performance management decisions.

• Carries out other duties as assigned.

⛳️ Requirements

• Bachelor’s Degree in Business, Economics, Risk Management and Insurance, or a related discipline, or equivalent experience.

• Typically requires a minimum of 13 years in Underwriting or a related area.

• Completion of or ongoing progress towards a professional designation is 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.

• Works with minimal supervision.

• Operates at the highest authority levels on the most complex assignments.

• Maintains expert knowledge of company policies and industry regulations.

• Exhibits advanced analytical, risk assessment, and problem-solving abilities.

• Possesses excellent interpersonal and communication skills.

• Demonstrates strong negotiation and decision-making capabilities.

• Familiarity with marketing strategies and tools is advantageous.

• Recognized as the company's subject matter expert in the field.

• May act as the highest point of escalation for decisions related to risk and coverage.

• Position may require occasional travel.

🏝️ Benefits

• Medical coverage.

• Dental coverage.

• Vision coverage.

• Wellness plans.

• Parental leave.

• Adoption assistance.

• Tuition reimbursement.

• Paid Time Off.

• Paid holidays.

• 401(k) plan with company match.

• Employee stock purchase plan.

• Commuter benefits.