Job Title: Underwriter - Specialty Commercial Insurance Programs
Job Summary: As an Underwriter specializing in Specialty Commercial Insurance Programs, you will be responsible for assessing and analyzing risks associated with unique and niche commercial insurance programs. Working closely with brokers, clients, and internal stakeholders, you will evaluate applications, determine coverage, and set premium rates in accordance with company guidelines and industry regulations. Your expertise will be instrumental in ensuring profitable growth, maintaining underwriting quality, and fostering strong relationships within the specialty insurance market.
Key Responsibilities:
- Risk Assessment: Evaluate insurance applications for specialty commercial programs, assessing risks associated with various industries, exposures, and coverage needs.
- Underwriting Analysis: Analyze underwriting data, including loss history, financial statements, and industry trends, to make informed decisions regarding coverage acceptance, terms, and pricing.
- Policy Development: Structure insurance policies tailored to meet the unique needs of clients within specialized industries, ensuring appropriate coverage limits, terms, and conditions.
- Premium Pricing: Determine premium rates based on risk assessment, market conditions, and profitability targets, while ensuring competitiveness within the specialty insurance market.
- Collaboration: Work closely with brokers, agents, and other internal stakeholders to develop and maintain productive relationships, address client needs, and achieve business objectives.
- Compliance: Ensure compliance with underwriting guidelines, regulatory requirements, and internal policies, maintaining a thorough understanding of relevant laws and industry standards.
- Portfolio Management: Monitor and manage the performance of assigned insurance portfolios, identifying trends, opportunities, and areas for improvement to optimize profitability and minimize risk.
- Client Engagement: Serve as a trusted advisor to clients, providing guidance on risk management strategies, coverage options, and insurance solutions to support their business objectives.
- Market Research: Stay informed about market trends, emerging risks, and competitive landscape within specialty commercial insurance sectors, leveraging insights to inform underwriting decisions and business strategies.
- Continuous Learning: Keep abreast of industry developments, regulatory changes, and advancements in underwriting practices, actively participating in training programs and professional development opportunities.
Qualifications:
- Bachelor's degree in Business, Finance, Risk Management, or related field; advanced degree or professional certifications (e.g., CPCU, ARM) preferred.
- Proven experience in underwriting specialty commercial insurance programs, with a deep understanding of industry-specific risks, coverages, and market dynamics.
- Strong analytical skills, with the ability to assess complex risks, interpret underwriting data, and make sound decisions in a dynamic environment.
- Excellent communication and interpersonal skills, with the ability to build rapport, negotiate effectively, and collaborate with diverse stakeholders.
- Detail-oriented approach, with a commitment to accuracy, quality, and compliance in underwriting processes and documentation.
- Proficiency in underwriting software, risk assessment tools, and Microsoft Office Suite.
- Demonstrated ability to manage multiple priorities, meet deadlines, and adapt to changing business needs.
- Ethical conduct, professionalism, and a commitment to delivering exceptional customer service.
Join Our Team: If you are a strategic thinker with a passion for underwriting and a desire to specialize in niche commercial insurance programs, we invite you to join our dynamic team. As an Underwriter, you will have the opportunity to apply your expertise, drive innovation, and contribute to the success of our specialty insurance business while advancing your career in a collaborative and supportive environment. Apply now to explore this exciting opportunity!
Job Type: Full-time
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Schedule:
Experience:
- Specialty Insurance Underwriting: 5 years (Required)
- Insurance: 5 years (Required)
- Commercial Insurance: 3 years (Required)
Ability to Commute:
Ability to Relocate:
- Atlanta, GA: Relocate before starting work (Required)
Work Location: In person