General Description:
Assess large risks of a complex nature, develop, and negotiate premiums. Manage relationships with brokers and carriers. Provide appropriate insurance products to clients. Generate profit in accordance with company goals.
Responsibilities: • Underwrite and analyze new and renewal accounts for the most complex assignments. • Serve as a subject matter expertise to review insurance policy. • Assess the risk to determine the appropriate price, coverage, and terms and conditions. Bring policy to completion with recommending and binding coverage, invoicing, and policy issuance. • Identify the need, order, and evaluate additional risk assessment information. • Underwrite within defined broad limits and authority. • Establish underwriting policy and procedures. Provide reports to management. • Develop and maintain working relationships with agencies. Communicate effectively through broker negotiations to ensure new business flow and profitable production. • Communicate with agents to obtain supplemental underwriting information. • Analyze and rate endorsement requests. • Recommend authority levels for underwriting staff and amendments/enhancements to applicable program. Includes coverage, policy forms, premium rate plans and underwriting guidelines, loss control guidelines, and distribution. • Collaborate with internal departments to execute agreed program strategy and identification of program opportunities. • Engage in professional development. Includes relevant industry and organizational education and training. • Provide training and coaching other underwriting team members as needed. • Requires travel for client relationship building, key client/carrier facing meetings, and educational development.
Knowledge, Skills and Abilities: • 7 years + underwriting experience. • High school diploma or equivalent required. • Broad and deep knowledge of insurance industry market and appetite. • Ability to establish product risk factors. Includes proper risk exposure and compliance with state departments of insurance. • Ability to effectively identify insurance product needs in the marketplace. • Ability to negotiate with strong mathematical skills. • Strong written, verbal, and interpersonal communication skills. • Working knowledge of Microsoft Office suite of products. • Proficiency in utilizing company systems. • Strong organizational and analytical skills with attention to detail and accuracy. • Ability to travel 20% of the time. #LICG3
#LI-Hybrid
USI is committed to providing a full-suite of competitive benefits for our growing population and its diverse needs. We offer a wide range of health, welfare and financial benefits including medical, wellness, dental and vision, 401(k), flexible spending and health savings accounts, short and long-term disability, life insurance and other unique employer-sponsored and voluntary programs. USI also offers a generous paid time off policy, paid family leave benefit as well as paid holiday time .