Reverse Flow Underwriter - Global Network US Servicing (Hybrid)
Intact Insurance Specialty Solutions · NY, US
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About the Role
Under moderate supervision, the Reverse Flow Underwriter underwrites and issues US local admitted Property and/or Casualty policies in compliance with company guidelines and US state filings, supporting the Global Network. Collaborates with foreign Producing Offices and US brokers to provide policy terms and conditions that meet customer needs and adhere to US state regulations.
Responsibilities
- Review foreign producing office requests for US local admitted needs and validate compliance with premium and coverage expectations based on company/state filings and guidelines.
- Independently analyze instructions from foreign Producing Offices and/or US brokers, resolving any conflicting information.
- Address and resolve obstacles that may hinder processing time by consulting with relevant stakeholders or devising effective workarounds.
- Make underwriting decisions within the scope of their respective Letters of Authority and discuss any deviations from common practice or underwriting authority with the Manager.
- Ensure files are prepared for periodic self-audits and/or company audits.
- Work efficiently to meet the Global Network Service Level Agreement (SLA) timeline with minimal supervision.
- Manage SLA standards by providing timely program validation, policy issuance, and invoicing per Global Network Contractual Agreement.
- Collaborate with foreign Producing Office Underwriters and US local brokers, offering consultative insights on pricing adequacy, local US terms and conditions, and program structure advice.
- Resolve conflicting underwriting data, address billing issues, and manage premium payment resolutions.
- Educate foreign Producing Offices on local US regulations, market conditions, and any local territory nuances relevant to underwriting considerations.
- Train junior team members on underwriting discipline and servicing practices, leading by example to ensure SLAs are met.
- Stays abreast of industry, territory and insurance trends.
Requirements
- Minimum of 2-3 years global underwriting experience
- Experience working with international producers/producing offices on Global Programs
- Understand various underwriting programs (i.e. rating programs, underwriting platforms, coverage forms.)
Location
- New York City, NY
Work Type
- Hybrid
Experience Level
- 2-3 years
Education Level
- Bachelor's degree preferred
- Professional insurance designation is preferred (CPCU)
Salary/Compensations
- $80,000 - $93,000
Benefits
- Comprehensive medical, dental and vision insurance with no waiting period
- Competitive paid time off programs
- 401(k) savings and annual contributions of up to 12% of annual salary
- Mental health support programs, life and disability insurance, paid parental leave and a variety of additional voluntary benefits
- Bonus potential
About the Company
- At Intact Insurance Specialty Solutions, we are experts at what we do in protecting what makes businesses unique.
- Our deep understanding of the specialty insurance market is the foundation for our customized solutions, backed by targeted risk control and claims services.
- Our employees are passionate about providing insurance coverage that’s aligned to our targeted customer groups.
- Intact’s Global Specialty Lines business spans across more than 20 verticals in four distinct markets: U.S., Canada, UK and Europe.
- We help protect over a dozen industries with tailored coverages and services.
Equal Opportunity
- Founded in our values, we see diversity as a strength and aspire to create an environment where everyone can be themselves, grow and succeed.
- Together, we will stand up for what’s right to build an inclusive society.