Senior Underwriting Specialist
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Role Description
This position is a field role within Central Pennsylvania or Maryland.
Leads the evaluation and underwriting of new and renewal business, ensuring alignment with Company underwriting guidelines and risk appetite.
Develops and implements advanced risk assessment models to make informed decisions on coverage, pricing, and terms.
Fosters strategic partnerships with actuaries, agents, brokers, and clients to obtain necessary information and provide guidance.
Procures and analyzes supplementary reports and screenings, such as motor vehicle reports, loss history reports, and external inspections, to support underwriting decisions.
Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations.
Evaluates complex policy renewals and modifications, identifying opportunities for policy enhancements and risk mitigation.
Communicates underwriting strategies and decisions effectively to internal teams, agents, and brokers.
Monitors and shares insights on industry trends, regulatory changes, and market conditions.
Maintains effective business relationships with internal and external customers/coworkers, focusing on generating new business and retaining profitable business.
Monitors and evaluates underwriting practices, assisting with implementing strategic adjustments to improve overall effectiveness and outcomes.
May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports.
Performs other duties as assigned.
Qualifications
Bachelor’s Degree in Business, Economics, Risk Management and Insurance, or a related field or equivalent experience.
Generally, a minimum of 13 years of experience in Underwriting or a related field.
Continuing progress toward and/or the completion of a professional designation preferred, such as Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS) or Associate of Risk Management (ARM), or a marketing designation.
Familiarity with marketing strategies and tools is beneficial.
Requirements
Performs work under minimal supervision.
Works at the highest authority limits on the most complex assignments.
Maintains expert knowledge of company policies and industry laws and regulations.
Demonstrates expert analytical, risk assessment, and problem-solving skills.
Excellent interpersonal and communication skills.
Advanced negotiation and decision-making ability.
Recognized as the company expert in the field.
May serve as the highest point of escalation for decisions regarding risk and coverage.
Position requires occasional travel.
Benefits
Compensation varies by role, position level, and location.
Individual pay is influenced by skills, education, training, certifications, experience, and the role's scope and complexity, along with business needs.
We offer a competitive Total Rewards package, including medical, dental, and vision plans starting on day one.
PTO, paid holidays, commuter benefits, an employee stock purchase plan, education reimbursement, paid parental leave/adoption assistance, and a 401(k) plan with company match.
These benefits are available to eligible full-time and part-time employees.
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