Full-Time

Senior Underwriter

Management Liability

Confirmed live in the last 24 hours

HUB

HUB

5,001-10,000 employees

Data & Analytics
Consulting
Consumer Software

Compensation Overview

$125k - $175kAnnually

Expert

Elk Grove Village, IL, USA

Category
Insurance
Finance & Banking
Required Skills
Market Research
Customer Service
Requirements
  • College degree and/or professional designation preferred.
  • Must have minimum 10 years’ experience underwriting management liability and/or professional liability insurance lines – specifically Fiduciary, D&O, EPL, Cyber, Crime, Investment Advisors and/or E&O insurance
  • established/existing relationships with retail or wholesale brokers that specialize in management liability insurance
  • experience underwriting private companies preferred
  • Ability to function well in a team as well as with people from all levels of the industry, internally and externally.
  • Excellent written and oral communication skills.
  • Detail oriented with strong mathematical skills.
  • Self-motivator; ability to take initiative; possesses drive.
  • Ability to present oneself in a professional manner.
  • Customer service oriented.
  • Ability to work independently and with minimal supervision.
  • Ability to handle multiple tasks in a fast-paced environment.
  • Ability to perform well under pressure.
  • Ability to operate a computer proficiently using a Windows environment.
Responsibilities
  • Underwrite new and renewal submissions with an emphasis on risk analysis, coverage and price. Indicate, quote, request additional information or decline in accordance with established guidelines, authorities and procedures outlined by the insurance carrier and/or the department.
  • Review expiration/renewal lists with the Underwriting Technician and identify accounts to be non-renewed.
  • Develop, over time, an expertise in fiduciary liability insurance for multiemployer, governmental and for-profit plan sponsors.
  • Review loss runs from insurance carriers and review risks for frequency or severity of claims.
  • Research underwriting issues and marketplace conditions and report to underwriting and marketing team to maintain competitive edge and industry awareness.
  • Foster producer relationships by actively making marketing telephone calls and on occasion accompany the marketing team for an office visit.
  • Research and resolve underwriting issues with manager or insurance company on a per account basis.
  • Adhere to Departmental agreed upon turnaround/servicing standards for all facets of underwriting.
  • Maintain a solid working relationship with insurance carrier and agents/brokers.
  • Demonstrate the ability to articulate coverage differences and company stances to brokers.
  • Develop comprehensive referrals for the management team to review or for carrier approval.
  • Perform other duties and projects as assigned by management.

Company Stage

Debt Financing

Total Funding

N/A

Headquarters

Chicago, Illinois

Founded

1998

Simplify Jobs

Simplify's Take

What believers are saying

  • Embedded insurance solutions create new partnership opportunities with financial institutions.
  • Digital transformation drives growth and efficiency in Hub's operations.
  • Data analytics and AI improve underwriting and claims processing efficiency.

What critics are saying

  • Rapid acquisitions may lead to integration challenges and cultural clashes.
  • Rising premiums may push affluent clients to alternative insurance solutions.
  • Increased competition could lead to market saturation and reduced profitability.

What makes HUB unique

  • Hub's acquisition strategy strengthens its market position in diverse regions.
  • VIU by HUB enhances digital insurance offerings for financial institutions.
  • Hub's focus on personalized insurance products meets evolving customer needs.

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