Full-Time

Underwriter Manager

Confirmed live in the last 24 hours

Core Specialty

Core Specialty

Food & Agriculture
Energy
Financial Services

Compensation Overview

$120k - $145kAnnually

Senior

Jamaica, NY, USA

Category
Insurance
Finance & Banking
Required Skills
Marketing
Requirements
  • Must have a minimum of a bachelor’s degree.
  • 5 years underwriting experience in the commercial automobile industry.
  • Must have previous experience managing others.
Responsibilities
  • Serve as the primary resource for underwriters for questions and authorization of any exceptions.
  • Develop training and goals for individuals in the group and write performance reviews for individual team members annually or as needed.
  • Authorize underwriting cancellations and reinstatements.
  • Conduct on-going audits of the team as individuals and as a group to confirm workloads are efficiently distributed and current.
  • Consult with CUO on accounts with premium outside of product managers authority level to determine both eligibility and pricing.
  • Attend industry events and trade shows which may include overnight stays.
  • Develop relationships with brokers and industry connections through networking events.
  • Approve new and renewal policies with premium or risk outside underwriter’s authority.
  • Establish program guidelines for marketing and underwriting, including advertising program, supervision of Department staff and set departmental procedures.
  • Provide education to staff.
  • Interface with Information Technology, Human Resources, Accounting, Legal, Lancer Underwriting, Claims and Customer Service Departments regarding creation and implementation of changes to systems, procedures and forms.
  • Create new marketing opportunities and identify competitors and monitor market conditions.
  • Handle Insurance Department complaints.
  • Monitor compliance with rate and forms filings.
  • Manage daily activities of underwriting division including supervision of underwriting, underwriting services and File Department functions including personnel and salary reviews.
  • Monitor adherence to established underwriting guidelines and procedures.
  • Assess actuarial data.

Company Stage

M&A

Total Funding

N/A

Headquarters

Cincinnati, Ohio

Founded

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • The upgrade in credit ratings by AM Best reflects Core Specialty's strong financial health and stability.
  • Investment in Gramercy Risk indicates a commitment to expanding their portfolio and diversifying risk.
  • The partnership with AllDigital Specialty enables Core Specialty to offer efficient and competitive digital solutions, potentially increasing market share.

What critics are saying

  • The integration of acquired companies like Lancer Insurance could pose operational challenges and cultural mismatches.
  • Focusing on niche markets may limit growth opportunities compared to more diversified insurers.

What makes Core Specialty unique

  • Core Specialty's strategic partnerships, such as with AllDigital Specialty, leverage low-touch/no-touch technology to streamline operations, setting them apart in the insurance market.
  • The company's focus on niche markets like small to medium-sized private and nonprofit organizations allows it to cater to specific needs that larger insurers might overlook.
  • Recent mergers and acquisitions, including the merger with Lancer Insurance Company, enhance Core Specialty's market presence and operational capabilities.

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