Sr Underwriter, Financial Lines & Cyber
Qualified candidates, please attach resume when applying.
Overview:
Our client is looking for Cyber/Financial Line Underwriters at the Senior or Staff level to be responsible under supervision, for reviewing insurance applications to evaluate, classify, and rate each risk to determine acceptability, coverage, and pricing, as well as to establish, maintain, and develops agency and/or broker relationships. The position has defined underwriting authority and business development responsibility. Will provide underwriting in single or multiple areas of liability, property, or special contingency coverage. The client is looking for the right candidate to have the willingness to speak up and promote positive change, be goal driven, and enjoy working in a fast-paced environment.
Responsibilities:
Evaluate new and renewal policy applications and related documents to classify and assess each risk, determine acceptability, assign ratings, indicate endorsements and limits, and determine appropriate pricing.
Contact and respond to verbal and written inquiries from brokers within a designated timeframe to provide appropriate information and serve as an underwriting resource.
Create and maintain all documentation (physical and electronic) including new and renewal bound files, underwriting worksheets, documentation of phone conversations, and other key documents according to departmental guidelines.
Adhere to all company underwriting authority directives, underwriting guidelines, and other applicable company policies and procedures.
Approve or deny within given authority or recommend approval or denial to a higher authority.
Cultivate relationships with internal and external contacts to facilitate the underwriting process, promote business development, and remain abreast of industry trends.
Serve as a resource to other departmental staff with regard to underwriting procedures and other departmental guidelines.
Required Education/Training & Experience:
Bachelor’s degree
Requires a minimum of 3 to 7 years of experience across Financial Institutions, Financial Lines executive liability underwriting.
Advanced technical expertise, underwriting skills and knowledge of insurance and underwriting principles, practices and procedures.
Experience should include ability to assess company financials, analyze stock metrics, manuscript forms and manage individual portfolios.
Salary: $130K-$150K base