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About the Role
The Experienced Underwriter is a key member of the Underwriting team, responsible for profitably growing a book of business by partnering with brokers and collaborating with colleagues. This role involves planning and budgeting, developing broker relationships, and making underwriting decisions for large, complex accounts.
Responsibilities
- Planning and budgeting for the book of business, tracking performance, and analyzing market conditions.
- Developing, maintaining, and managing key broker partnerships.
- Delivering exceptional, timely, and accurate service to brokers.
- Developing trusted relationships with broker partners.
- Collaborating with brokers to create optimal solutions for their clients.
- Sharing knowledge and best practices with brokers.
- Underwriting empathetically at all times.
- Executing new and renewal underwriting, selecting risks aligned with strategy and guidelines.
- Operating within authority and documentation guidelines.
- Following up on accounts and closing new business.
- Providing referral service and assisting in the development of junior underwriters.
- Managing their book of business to identify and address profitability and growth issues.
- Implementing effective profit improvement strategies with minimal external support.
Requirements
- Bachelor’s Degree
- Minimum 7 years high net worth underwriting experience
- Demonstrated technical expertise and product specific knowledge
- Strong analytical skills
- Demonstrated proficiency in sales and marketing
- Strong interpersonal, communication and negotiation skills.
- Ability to effectively interact with all levels of internal and external business partners, including insurance brokers.
- Experience developing and executing on marketing plans and prospects
- Ability to be creative and adaptable in a changing business environment
- Sound, balanced and timely decision making skills
- Knowledge of Microsoft Office Suite as well as other business-related software
Skills
- Underwriting
- Sales
- Marketing
- Analytical skills
- Interpersonal skills
- Communication skills
- Negotiation skills
- Relationship management
- Problem-solving
Work Type
- Full-time
Experience Level
- Experienced
Education Level
- Bachelor's Degree
Salary/Compensations
- $100K - $140K
Benefits
- Annual merit-based increases
- Discretionary bonuses
About the Company
- We are a member-owned property and casualty insurer designed exclusively for financially successful families.
- Our purpose is doing what is right for our members.
- We provide exceptional service, hospitality, and care.
- We partner with our members to help prevent losses.
- We create smart insurance solutions at fair prices.
- Our mission is to create a membership experience so compelling that our members never want to leave.