This description is a summary of our understanding of the job description. Click on 'Apply' button to find out more.
Apply Now
Role Description
This position is a field role within Central Pennsylvania or Maryland.
- 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.
Qualifications
- 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.
- 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) or Associate of Risk Management (ARM), or a marketing designation.
- Familiarity with marketing strategies and tools is beneficial.
Requirements
- 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.
- Recognized as the company expert in the field.
- May serve as the highest point of escalation for decisions regarding risk and coverage.
- Position requires occasional travel.
Benefits
- Compensation varies by role, position level, and location.
- Individual pay is influenced by skills, education, training, certifications, experience, and the role's scope and complexity, along with business needs.
- We offer a competitive Total Rewards package, including medical, dental, and vision plans starting on day one.
- PTO, paid holidays, commuter benefits, an employee stock purchase plan, education reimbursement, paid parental leave/adoption assistance, and a 401(k) plan with company match.
- These benefits are available to eligible full-time and part-time employees.
Apply Now