UnderwriterSr. Underwriter
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Job Location:
Chicago, IL - USA
Monthly Salary:
$ 85000 - 115000
Posted on:
2 days ago
Vacancies:
1 Vacancy
Job Summary
Job Objectives:
Critically analyze health care organizations operations litigation history and commitment to clinical risk management to assess their ability to deliver medical services to patient populations. Learn and leverage underwriting toolsincluding models actuarial resources and claims and risk management colleaguesto evaluate risk appetite determine pricing and structure coverage offerings while achieving targeted premium and profitability goals. Ensure compliance with divisional and corporate underwriting guidelines administrative requirements and service welcome candidates making career transitions who bring transferable analytical skills and a commitment to learning our underwriting a fast-paced collaborative team environment focused on rigorous analysis and mutual support.
Duties and Responsibilities:
- Compliance with underwriting guidelines systems and procedures
- Perform general underwriting functions including underwriting submission review pricing analysis setting of terms and conditions and quote/binder/invoice authorizations
- Work within authority and receive proper approval from regional manager as necessary.
- Liaise with Claims Department on any specific claims activity and overall market claims concerns which could potentially affect profitability
- Consistent with Internal Audit department procedures achieve compliance with all underwriting and administrative guidelines
- Conduct marketing meetings with brokers as directed by the regional manager.
- Attend client/broker meetings lunches dinners and other social outings as applicable.
- Follow treaty and facultative reinsurance protocols as required
- Stay current with respect to major industry issues and developments
- Provide specific reports as needed by senior staff
- Other duties as assigned
- 4-year college degree
- Solid Writing and Communication Skills
- 1-5 years underwriting experience
- Organizational skills and ability to change task quickly
- Ability to work independently as well as in a group setting
- Willingness to travel
- Must be able to think originally be willing to challenge ideas and be receptive to having their own ideas challenged
- Working understanding of Excel
Salary range: $
Compensation:
The annualized base pay range is a broad range based on analysis of similar positions in the market. The actual base pay for the position may be above or below the listed range and determined by a number of considerations including but not limited to complexity location and scope of the role along with experience skills education training and other conditions of employment. Base salary represents one component of Allied Worlds comprehensive total reward package which may also include annual incentive compensation rewards.
Allied World Assurance Company Holdings Ltd through its subsidiaries is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients cedents and trading partners with thoughtful service and meaningful coverages since are a subsidiary ofFairfax FinancialHoldings Limited and benefit from a strong capital base and a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways.
Our generous benefits package includes: Health Dental and Disability Insurance a company match 401k plan and Group Term Life World is an Equal Opportunity Employer. All qualified applicants will be considered for employment without consideration of any disability veteran status or any other characteristic protected by law.
To learn more visit or follow us on Facebook at LinkedIn at Experience:
Senior IC
Key Skills
- Loan Processing
- Computer Skills
- Fraud
- Math
- Banking
- Pricing
- Analysis Skills
- Fair Housing Regulations
- Underwriting
- Financial Analysis
- negotiation
- Phone Etiquette
About Company
Allied World Assurance Company Holdings assures its clients that everything is well insured. In the US its insurance products include general property/casualty coverage as well as specialty products such as environmental, health care, and professional liability coverage targeted to sm ... View more
