Senior Underwriter, Light Brokerage
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Job Location:
Scottsdale, AZ - USA
Monthly Salary:
Not Disclosed
Posted on:
11 days ago
Vacancies:
1 Vacancy
Job Summary
Company Details
As an elite Excess and Surplus Lines market Nautilus Insurance Group offers commercial property and casualty insurance solutions to appointed wholesale surplus lines producers countrywide. We have specialized in providing these solutions for more than 35 years.
We have more flexible policy terms and premium rates on a non-admitted basis. Our focus is small to medium Property and Casualty risks on both an admitted and a non-admitted basis.
Our offerings are distributed through partnerships with appointed wholesale surplus lines producers. Our relationships are defined by mutual success speed to market customer-centric focus and an expanded appetite.
Coverage placed by Nautilus Insurance Group is provided by Nautilus Insurance Company and Great Divide Insurance Company both W. R. Berkley Corporation members with A.M. Best (Superior) A XV ratings.
Benefit Highlights:
- Paid Parental Leave! At Nautilus we offer Childbirth Recovery Leave as well as Primary Caregiver Leave for up to a maximum of 12 weeks of paid leave.
- Nautilus offers Medical Dental and Vision coverage options along with Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA) choices
- We help our employees feel secure by providing a 401(k) program profit sharing stock purchase plan life insurance and travel accident insurance options.
- One of our core values is Committed to Serve and these arent idle words. We provide every employee one paid day off per year to volunteer at a local charity. Thats serving with a smile!
- We take risk management excellence and your professional growth seriously by offering Tuition Assistance and Industry-Related Education and Exam programs.
- Can you hear us now Employees are eligible for special cell phone service discounts with Verizon and AT&T. Weve got a plum position for you! We participate in the Plum Benefits program offering employees cost-free access to thousands of exclusive travel and entertainment discounts.
- Flexible work arrangements
- On site newly renovated fitness center - free to use for employees. Yoga and other classes available for a nominal fee.
Responsibilities
Nautuilus Insurance is seeking a Senior Underwriter to support the Western US Region for its Light Brokerage business. This role can be located in our Scottsdale office or remotely in the Western US.
The Senior Underwriter Light Brokerages primary job function includes 1 developing a comprehensive knowledge of the companys appetite in this product space and an industry awareness in relation to opportunities and threats 2 working with leadership to effective roll out a successful product launch 3 underwriting including communicating appetite rate and underwriting information to pilot agents and 4 transitioning from a pilot launch to a broader distribution.
Underwrites select risks in accordance with company guidelines for acceptability and rate.
Markets builds and strengthens relationships with key producers within agencies that can produce a flow of preferred business to meet targets.
Maintains profitable book of business including monitoring book for trends profitability and growth.
Assess agent performance based on profitability growth quality of submissions bind ratios and other key performance indicators.
Analyzes market conditions and provide suggestions for needed changes in forms endorsements and rates including opportunities for market or product expansion or enhancement.
Collaborates with Contract Bind production underwriting teams along with Light Brokerage teammates to ensure proper placement of a risk and communicate market/agent trends and issues between divisions
Communicates product rate and form changes as appropriate with external customers.
Corresponds or consults with agents brokers and other interested persons to determine feasibility and marketability of new products to meet competition and increase sales.
Contributes to the development and maintenance of E-Guide enhancements on web portal and other electronic products that may arise including notification of changes to internal and external customers.
Qualifications
Excess and Surplus lines background is highly preferred.
5 years experience underwriting casualty products at a senior level required.
Excellent communication presentation interpersonal and leadership skills.
Good understanding of the E&S business environment.
The ability to effectively engage with leaders across the organization
Applicable knowledge of budgets forecasting and metrics.
Good decision-making skills and response to high-pressure situations.
Intermediate to Advanced experience in Microsoft Office (Word Excel Outlook) and aptitude to learn new applications as needed.
Critical thinking and problem solving skills.
Must be able to travel to visit agents and attend conventions as necessary.
Education Requirement
Bachelors degree from four-year college or university; or 5 years related insurance experience and/or training; or equivalent combination of education and experience.
CPCU IIA or other insurance related classes recommended.
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.
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.
Required Experience:
Senior IC
Key Skills
- Loan Processing
- Credit Analysis
- Fraud
- Math
- Risk Analysis
- Pricing
- Analysis Skills
- Fair Housing Regulations
- Equity Research
- Underwriting
- negotiation
- RMF
About Company
Berkley is a leader in commercial lines insurance, with over 60+ specialized businesses - each with deep expertise in an industry, product, or regional niche.
