Director, Excess Casualty Underwriting
Director, Excess Casualty Underwriting
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$ 130000 - 170000
1 Vacancy
Job Description
Company Details
From middle market to Fortune 500 companies our Excess Casualty team is committed to providing excellent service and a consistent approach to meet the needs of our brokers and their customers.
We seek to outperform our competitors with a focus on understanding clients priorities and developing creative risk solutions to meet their long-term needs. Our key differentiators include the following:
EXCLUSIVE WHOLESALE MARKET We are committed to the wholesale brokerage community and continually build upon long established relationships with a passion for superior service for our appointed producers.
OUR PROFESSIONALS We attract and retain professionals with significant excess insurance experience many over 25 years with a culture that promotes integrity excellence and respect.
LONG-TERM APPROACH TO ACCOUNTS We continually seek partners for the long term who share our values and our risk management discipline.
Long-term relationships have been our managements trademark in over 30 years of serving customers in the Excess & Surplus marketplace. Our team is dedicated to serving the varied casualty exposure needs of our brokers and their customers. By truly understanding your risk exposures in a constantly changing global environment we can better work with you to keep risk placement recommendations current and responsive.
Responsibilities
The Director Excess Casualty E&S Underwriter is responsible for analyses of potential and existing customers by gathering and reviewing information on the companies financial condition loss and exposure history and other relevant information to determine underwriting acceptability. Duties will also entail assessing economic acceptability of the risks and other important criteria that may affect the type of insurance coverage provided and premiums charged.
Under supervision the person in this role will assess risk set rate and coverage levels. The successful candidate with excellent experience while developing their critical underwriting skills through both independent and on-the-job training (e.g. job shadowing mentorship etc.).
It is expected that the person in this role will establish support and maintain effective relationships with peers customers and brokers/agents. The person will also focus on learning how to evaluate both new and renewal book of business from evaluation to the pricing of the risk.
Broker Management
- Understand the relationship between the brokerage community and underwriting; includes importance of managing the expectations of and communicating underwriting decisions requirements and philosophies to brokerage community.
- Maintain producer / agency contact log information in electronic databases.
- Participate in agency visitations with underwriters claims representative or loss control representative to begin developing customer contacts.
Underwriting Duties
- Evaluate risk characteristics of submissions to determine business opportunities in accordance with guidelines and company philosophy.
- Review underwriting documents for accuracy prior to their release to brokers and/or company clients.
- Learn to analyze coverage and limit requests to determine terms to be offer. Prices business in accordance with company guidelines. Assesses risk quality and compliance within company guidelines and initiates appropriate loss prevention actions. Orders and screens miscellaneous reports needed in the rating and underwriting processes such as loss history reports credit checks outside inspections loss control etc.
Pre-Underwriting Duties
- Assist with the input of preliminary underwriting information; gather third party reports and information on submissions according to priority ranking by the underwriting team.
- Assist with pre-underwriting on renewals prior to the policy expiration date to determine whether notice of non-renewal or notice of a change in risk letters are required. Within guidelines.
- Assist with gathering prior claim history information on renewals and utilize judgment to assist in determining extent of pre-underwriting or non-renewal.
Underwriting Documents Processing
- Receive accept and follow up for and evaluate additional information for submissions on hold status.
- Follow up with producer to collect accurate lost quotation information.
- Receive accept and evaluate binder conditions.
- Other duties and special projects as assigned.
This position will be located in the West Loop office 4 days a week and 1 day remote.
Qualifications
- Bachelors degree with a major in Insurance or related field
- Must be able to conceptualize and analyze financials at a college level as required by product line.
- Strong written and verbal communication skills are a must.
- Must be able to manage multiple priorities and possess the ability to make independent judgments.
- Must be a team player willing and eager to learn organized detailed and flexible.
- Position requires occasional travel including overnight trips.
The Company is an equal opportunity employer.
Additional Company Details
We do not accept any unsolicited resumes from external recruiting agencies or firms.
The company offers a competitive compensation plan and robust benefits package for full time regular employees including:
Base Salary Range: $130000.00 - $170000.00
Eligible to participate in annual discretionary bonus
Benefits include Health dental vision life disability wellness paid time off 401(k) and profit-sharing plans
The actual salary for this position will be determined by a number of factors including the scope complexity and location of the role; the skills education training credentials and experience of the candidate; and other conditions of employment.
Sponsorship Details
Required Experience:
Director
Employment Type
Unclear
