Jobs
>
Chicago

    Chief Underwriting Officer - Chicago, United States - General Search & Recruitment

    Default job background
    Description

    Job Description

    Job Description
    Chief Underwriting Officer -

    Remote Location

    Job Summary:


    We are seeking a highly experienced and dynamic individual to join our team as the Chief Underwriter for a startup Managing General Agent (MGA) or Managing General Underwriter (MGU) in the commercial insurance industry.

    This role requires a strong background in underwriting, leadership skills, and the ability to successfully establish and grow an MGA/MGU operation.


    Responsibilities:

    Strategic Leadership:

    Develop and execute the overall strategic vision for the MGA/MGU startup, including establishing underwriting guidelines, risk appetite, and growth targets.


    Underwriting Management:
    Oversee all aspects of underwriting operations, including risk assessment, pricing, policy issuance, and compliance with regulatory requirements.

    Business Development:

    Identify and pursue new business opportunities, build relationships with brokers, agents, and other key stakeholders, and drive revenue growth for the MGA/MGU.


    Team Building and Management:

    Recruit, train, and lead a team of underwriters, ensuring they have the necessary skills, resources, and support to achieve business objectives.


    Market Analysis:
    Stay updated on industry trends, market conditions, and competitor offerings to inform underwriting strategies and product development.

    Portfolio Management:

    Monitor the performance of the MGA/MGU portfolio, analyze loss ratios, and implement corrective actions as needed to maintain profitability.


    Compliance and Risk Management:

    Ensure adherence to regulatory guidelines, internal policies, and risk management protocols to mitigate potential exposures and maintain a strong control environment.


    Relationship Management:

    Foster strong relationships with insurance carriers, reinsurers, and other industry partners to secure capacity, negotiate terms, and enhance the MGA/MGU's value proposition.


    Technology and Innovation:

    Collaborate with IT teams to leverage technology solutions, automation, and data analytics to streamline underwriting processes, improve efficiency, and enhance decision-making capabilities.


    Requirements:
    A bachelor's degree in business, Finance, Insurance, or related field. Advanced degree or professional certifications (e.g., CPCU, ARM) preferred.
    Extensive experience (minimum 10 years) in commercial insurance underwriting, with a focus on property and casualty lines.
    Proven track record of successfully launching and leading an MGA/MGU, including building a profitable book of business.
    Strong understanding of insurance market dynamics, underwriting principles, risk assessment methodologies, and regulatory compliance requirements.
    Excellent leadership and team management skills, with the ability to motivate and inspire a diverse group of underwriters.
    Exceptional analytical and problem-solving abilities, with a keen eye for detail and a strategic mindset.
    Excellent communication and interpersonal skills, with the ability to build and maintain relationships with internal and external stakeholders.
    Proficient in utilizing technology and data analytics tools to drive underwriting decisions and operational efficiency.
    Demonstrated ability to adapt to a fast-paced and evolving business environment, with a focus on innovation and continuous improvement.

    If you are a results-oriented, visionary underwriting professional with a passion for driving growth and building successful MGA/MGU operations, we invite you to apply for this exciting opportunity.



  • Liberty Mutual Insurance Chicago, United States

    Pay Philosophy · The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these p ...


  • Liberty Mutual Insurance Chicago, United States

    Pay Philosophy · The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these p ...


  • W. R. Berkley Chicago, United States

    Company Details · We are a global insurance provider offering property, casualty and professional insurance coverage for clients with technology exposure and technology firms worldwide. · Responsibilities · The Chief Underwriting Officer provides strategic direction and leader ...


  • General Search & Recruitment Chicago, United States

    Job Description · Job Description · Chief Underwriting Officer - · Remote Location · Job Summary: · We are seeking a highly experienced and dynamic individual to join our team as the Chief Underwriter for a startup Managing General Agent (MGA) or Managing General Underwriter ...


  • General Search & Recruitment Chicago, United States

    Job Description · Job Description · Chief Underwriting Officer - · Remote Location · Job Summary: · We are seeking a highly experienced and dynamic individual to join our team as the Chief Underwriter for a startup Managing General Agent (MGA) or Managing General Underwriter (M ...


  • Berkley Chicago, United States

    Company Details: · We are a global insurance provider offering property, casualty and professional insurance coverage for clients with technology exposure and technology firms worldwide. · Responsibilities: · The Chief Underwriting Officer provides strategic direction and lead ...


  • W. R. Berkley Chicago, United States

    Company Details · We are a global insurance provider offering property, casualty and professional insurance coverage for clients with technology exposure and technology firms worldwide. · Responsibilities · The Chief Underwriting Officer provides strategic direction and leadersh ...


  • W. R. Berkley Chicago, United States

    Company Details · We are a global insurance provider offering property, casualty and professional insurance coverage for clients with technology exposure and technology firms worldwide. · Responsibilities · The Chief Underwriting Officer provides strategic direction and leader ...


  • HealthCare Associates Credit Union Naperville, United States

    HealthCare Associates Credit Union (a $460M credit union based out of Naperville, IL) is seeking a dedicated Loan Officer to provide top service to both our internal and external partners. · We know how important people are to our organization which is why we offer an extensive b ...


  • Travelers Chicago, United States

    Who Are We? · Taking care of our customers, our communities and each other. That's the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a cultur ...


  • Zurich Insurance Company Chicago, United States Full time

    Zurich North America is looking for a Commercial Surety Underwriting Officer (AVP or VP Level) to join our Commercial Surety team within the North Central region. · The Commercial Surety Underwriter is a uniquely technical role in the underwriting world. In this position you will ...


  • Zurich Insurance Company Ltd. Chicago, United States

    Zurich North America is looking for a Commercial Surety Underwriting Officer (AVP or VP Level) to join our Commercial Surety team within the North Central region. · The Commercial Surety Underwriter is a uniquely technical role in the underwriting world. In this position you will ...


  • Markel Chicago, United States

    What part will you play? If you're looking for a place where you can make a meaningful difference, you've found it. The work we do at Markel gives people the confidence to move forward and seize opportunities, and you'll find your fit amongst our global community of optimists and ...


  • American Family Insurance Agency Staff Chicago, United States

    Position Compensation Range: · Pay Rate Type: · Salary · Compensation may vary based on the job level and your geographic work location. · You will be in a senior-level role that supports underwriting operations. This role shifts to either expert underwriting and risk evaluation ...


  • American Family Insurance Chicago, United States

    Position Compensation Range: · Pay Rate Type: · Salary Compensation may vary based on the job level and your geographic work location. · You will be in a senior-level role that supports underwriting operations. This role shifts to either expert underwriting and risk evaluation ...


  • The Hartford Schaumburg, United States

    Senior Executive Underwriter - UW 07 DC - Were determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals and to help oth Underwriting, Manager, Office, B ...


  • Travelers Insurance Chicago, United States OTHER

    Who Are We? · Taking care of our customers, our communities and each other. That's the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture ...


  • Combined Insurance Chicago, United States

    **As a Personal Risk Services, PRS, Portfolio Underwriter, you are accountable for**: · - Individual risk selection for accounts generating an annual premium less than $100,000 · - Assuming a producer relationship and account leadership role in the achievement of profit, growth a ...


  • Chubb Chicago, United States

    **As a Personal Risk Services, PRS, Portfolio Underwriter, you are accountable for**: · - Individual risk selection for accounts generating an annual premium less than $100,000 · - Assuming a producer relationship and account leadership role in the achievement of profit, growth a ...


  • Hire Integrated Chicago, United States

    **Location**: Chicago or Rolling Meadows, IL · **Work Arrangement**: Onsite (With potential to go Hybrid) · **Compensation**: $90,000 - $100,000 (commensurate with experience) · **Company Overview** · Join a dynamic and fast-growing insurance organization at the forefront of resh ...