Underwriter - Management Liability (Hybrid) - Chicago, United States - Intact Insurance

Description

Job Description

We currently have an opportunity for an Underwriter to join our Management Liability team in the Chicagoland area. Under technical supervision and within specific, limited authority reviews moderately complex risks to determine acceptance of an application. Determines selection or rejection of new and/or renewal business using underwriting rules and guidelines, manual rating rules and insurance laws and regulations. Analyzes quality and quantity of risks written and prepares reports accordingly. With guidance, monitors and evaluates results of assigned producers and assigned territory. Recommends and implements action plans for improvement of underwriting results for assigned producers and territory.

Responsibilities:

• Manages profitable book of business by evaluating results and conducting portfolio reviews for assigned territory and individual producers. Begins to develop integrated pictures of factors that affect profitability, growth, retention and recommends, implements, and monitors necessary action plans.
• Examines, identifies, and evaluates exposures by analyzing documentation from various sources, such as the insurance application, internet searches, inspection reports, credit reports, etc. Makes underwriting decisions to accept, decline, or modify risks within assigned underwriting authority level in partnership with underwriting team when appropriate. Implements underwriting decisions in compliance with state laws and company guidelines.
• Develops superior working relationships with producers, and with internal and external partners, to successfully promote achievement of mutual operating goals (growth, retention and profitability) and to supply the appropriate products and services with moderate assistance.
• Processes underwriting decisions. Documents files and reports via automated desktop systems and tools.
• Gathers and analyzes competitor and producer information including producers' retention, profitability and potential, in support of pricing and appetite. Works with underwriting staff to determine and make recommendations for marketing, pricing, and products.
• Collaborates with team members to manage work inventories and all production activities in order to provide accurate and timely service in accordance with business unit standards.
• In conjunction with other team members, travels to key producers/accounts. May participate in industry events.
• Stays abreast of industry, territory and insurance trends.

Requirements:

• Must be able to identify and describe the major perils insured under insurance policies. Must be able to identify and describe the exposures and hazards to consider in making an underwriting decision. Must know how to obtain information needed to make an underwriting decision.
• Must show the ability to develop or have proven analytical, decision making, problem-solving, communication, listening and organizational skills. Must be able to work both independently and as a highly collaborative member of a team. Must be proficient with Microsoft Office suite as well as electronic underwriting systems. Must be able to work in a fast pace, rapidly changing environment.

Education and Experience:

• Bachelor's degree preferred.
• 2-3 years of underwriting experience, within specialty line of business, preferred.

About Us

At Intact Insurance Specialty Solutions we are experts at what we do. Our deep understanding of the specialty insurance market is the foundation for our customized solutions, backed by targeted risk control and claims services. Our employees are passionate about providing insurance coverage that's aligned to our targeted customer groups. Today, we help protect over a dozen industries with tailored coverages and services.

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