D&O Financial Institutions Underwriter

Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group's member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty and property and casualty operations, there are always opportunities here to learn and grow.

At Great American, we value and recognize the benefits derived when people with different backgrounds and experiences work together to achieve business results. Our goal is to create a workplace where all employees feel included, empowered, and enabled to perform at their best.


This position is not eligible for employment visa sponsorship. Applicants must be authorized to work in the United States without the need for current or future sponsorship.

Our Executive Liability Division underwrites Directors’ and Officers’ Liability Insurance, Employment Practices Liability Insurance, and Fiduciary Liability Insurance for public, private and not for profit companies. We are looking for a D&O Financial Institutions Underwriter to market, underwrite and produce profitable business. The position will entail marketing and underwriting new and renewal business in accordance with Company objectives and policies.  

Great American’s culture is built on connection, shared learning, and strong relationships. To support this, employees in this role are expected to be on-site four days a week, with the flexibility to work one day remotely. The position will be in our Schaumburg, IL office and job title and job grade will depend on the successful applicant's level of experience.

Essential Job Functions and Responsibilities

• Responsible for an assigned book of business in which account information is evaluated, underwritten, and priced within authority guidelines. 

• Risk selection/rejection, retention, growth, and profitability within scope of authority and per divisional objectives.

• The underwriter is expected to perform financial statement analysis of prospective risks and make recommendations on pricing and terms consistent with underwriting guidelines. 

• Service complex multi-line risks

• Communicates directly with Brokers to develop and maintain strong relationships. 

• Conduct marketing visits out of state.

• Promptly issue quotes, policies, and endorsements.

• Understand, compare, and contrast policy language both internal and competitor forms.

• Performs additional duties as assigned.

Job Requirements

• Generally, 0 to 5 years of insurance, banking, financial institution or related experience.

• Bachelor’s degree is required, with a focus in Finance, Accounting or other Business-related field.

• High level of organizational skills, and the ability to establish priorities and meet deadlines.

• Strong verbal and written communication skills to leverage excellent customer relationships, and to provide opportunities for marketing products and services.

• Must be able to travel as needed and work autonomously.

Business Unit:

Executive Liability

Salary Range:

$75,000.00 -$100,000.00

Benefits:

We offer competitive benefits packages for full-time and part-time employees*. Full-time employees have access to medical, dental, and vision coverage, wellness plans, parental leave, adoption assistance, and tuition reimbursement. Full-time and eligible part-time employees also enjoy Paid Time Off and paid holidays, a 401(k) plan with company match, an employee stock purchase plan, and commuter benefits.

Compensation varies by role, level, and location and is influenced by skills, experience, and business needs. Your recruiter will provide details about benefits and specific compensation ranges during the hiring process. Learn more at http://www.gaig.com/careers.

*Excludes seasonal employees and interns.