Associate Underwriter - Executive Products (Wholesale) at RLI Insurance Company | Chicago, IL, US | Rezi

Associate Underwriter - Executive Products (Wholesale) at RLI Insurance Company

Associate Underwriter - Executive Products (Wholesale)

RLI Insurance Company · Chicago, IL, US

Today

Associate Underwriter - Executive Products (Wholesale)

RLI Insurance Company · Chicago, IL, US

20 hours ago
Resume preview

Impress employers and recruiters.
Choose from hundreds of resume examples.

Target Resume Now
Resume preview

Tailor your resume to this Associate Underwriter - Executive Products (Wholesale) role.

Rezi rewrites your resume against RLI Insurance Company's job description. Free.

Resume score gauge reading 58 out of 100

Don't guess if your resume is good enough.

See how it scores against the Associate Underwriter - Executive Products (Wholesale) posting at RLI Insurance Company — free, in seconds.

About the Role

Our Associate Underwriter will learn the underwriting process from application through policy issuance under frequent supervision. They will learn to interact with internal team members and broker customers to efficiently and accurately manage the underwriting process. They will become proficient in the technical platform and processes involved in underwriting accounts for Executive Products Group. They will utilize judgement to align the aspects of the account to ensure consistency amongst the quote, binder, and policy. They will learn to review submission materials and financial statements to determine risk appropriateness for our underwriting appetite. They will study for and complete insurance examinations and attend any relevant training sessions to complete relevant insurance examinations.

Responsibilities

  • Learn the entire underwriting process from start to finish.
  • Review incoming submissions to determine viability for quoting.
  • Review application and complete analysis of financial statements to determine submission viability.
  • Provide new business quotes to brokers, after review with underwriter.
  • Complete detailed underwriting worksheet to include financial analysis, business review and underwriting opinion.
  • Handle underwriting system entry for submission including rating model, selection of policy form and endorsements.
  • Perform policy review process and approve for policy issuance.
  • Analyze, evaluate, accept, decline, rate, quote, and bind new or renewal submissions across private, public, and non-profit sectors with management guidance.
  • Build relationships between wholesale brokers in the territory.
  • Assist with special projects or other duties as needed.

Requirements

  • Requires a bachelor's degree; preferred in insurance, risk management, finance, accounting or business.
  • 0-3 years of related work experience for consideration.

Skills

  • Ability to use analytical methods in underwriting processes to find workable solutions.
  • Ability to verbally and in writing, communicate findings and recommendations to internal and external contacts on underwriting matters.
  • Ability to use software to summarize and analyze underwriting accounts.
  • Ability to build marketing relationships Executive Products Group brokers and agents.
  • Understands, applies, & properly documents nature of operations of the risk for accounts assigned & communicates findings.
  • Ability to prepare, review, and complete underwriting analysis of accounts.
  • Analytical skills and understanding of submission requirements, model entry, and product appetite.
  • Provide timely, courteous and efficient service all internal and external candidates.
  • Ability to effectively review corporate financial statements.
  • Participates in underwriting related continuing education, i.e. RPLU courses.

Work Type

  • Flexible & hybrid work arrangements

Experience Level

  • 0-3 years of related work experience

Education Level

  • Bachelor's degree in insurance, risk management, finance, accounting or business

Salary/Compensations

  • $33.70 - $46.32 per hour

Benefits

  • Annual bonus plans
  • Employee stock ownership plan (ESOP)
  • 401(k) — automatic 3% company contribution
  • Annual 401k and ESOP profit-sharing contributions (Up to 15% of eligible earnings)
  • Paid time off (PTO) and holidays
  • Paid volunteer time off (VTO) to support our communities
  • Parental and family care leave
  • Fitness center discounts and free virtual fitness platform
  • Employee assistance program
  • Comprehensive medical, dental and vision benefits
  • Flexible spending and health savings accounts
  • 2x base salary for group life and AD&D insurance
  • Voluntary life, critical illness, & accident insurance for purchase
  • Short-term and long-term disability benefits
  • Training & certification opportunities
  • Tuition reimbursement
  • Education bonuses

About the Company

  • We’re not like other insurance companies. From our specialty products to our business model, our culture to our results — we’re different. Different is who we are, and how we work, interact, deliver and succeed together. Creating a different and better insurance experience doesn’t just happen. It takes focus and a shared passion for going beyond the expected to forge relationships and deliver care that makes a difference. This approach rises from and is supported by our talented, ethical and smart team of employee owners united around a single purpose: to work alongside our customers and partners when they need us, in unexpected ways, with exceptional results. Apply today to make a difference with us.
  • RLI is a Glassdoor Best Places to Work company with a strong, successful background.
  • For decades, our financial track record has been stellar — a testament to our culture and validation of our reputation as an excellent underwriting company.

Equal Opportunity

  • RLI is an equal opportunity employer and does not discriminate in hiring or employment on the basis of race, color, religion, national origin, citizenship, gender, marital status, sexual orientation, age, disability, veteran status, or any other characteristic protected by federal, state, or local law.