Associate Underwriter Windstorm Risk

hyperiongrp; Chicago (IL); Hybrid; USD 70,000 - 85,000; Full time

Benefits offered by this job

Medical benefits

Dental benefits

Vision benefits

Unlimited PTO

401k with company match

Job summary

DUAL North America, Windstorm Risk division, seeks an Associate Underwriter to support underwriting workflows in a hybrid Chicago setting. You will assist with account quoting, data gathering, and customer service throughout the underwriting life cycle.

This role offers growth toward Underwriting Authority and collaboration with seasoned underwriters. Ideal candidates have a bachelor’s degree in risk management, finance, or business, plus 0–1 year underwriting or insurance experience and

Qualifications

• Underwriting knowledge or insurance experience preferred.
• Strong written and verbal communication skills.
• Ability to learn quickly and follow procedures.

Responsibilities

• Process submissions for underwriters and provide account triage.
• Support underwriting colleagues during market travel.
• Gather data to quote or bind accounts and generate correspondence.

Skills

Attention to detail

Communication skills

Education

Bachelor's degree in risk management, finance, or business

Tools

Microsoft Office

Job description

At DUAL North America, our core values dictate how we live and work. We are a group with independence and people at its heart and we are a home for talent with a unique culture: the biggest small company in the world.

The focus on being a People First business has always been at the very heart of the Group; Our vision was to create an independent business with a unique culture and one that would survive and thrive as a business controlled by the people working for it. And finding the most talented and entrepreneurial people to join the Group has been and will continue to be key.

Associate Underwriter Windstorm Risk

Classification: Full-Time | Division: Windstorm Risk | Salary: $70,000.00-$85,000.00 | Travel: 0-10% | Work Environment: Hybrid | Location: Chicago, IL

Role Overview

DUAL North America is seeking an Associate Underwriter for the Windstorm Risk division.

At DUAL, Associate Underwriters play a key supportive role through the risk underwriting process. In this role, you will assist with account quoting and binding, prepare and distribute various types of communications, and provide quality customer service through the underwriting life cycle. Supporting a team of Underwriters within the Windstorm Risk division, you will assist in evaluating windstorm risk exposures, gathering data, and supporting the underwriting process for wind insurance policies.

Role Responsibilities

• Process submissions by providing account triage for Underwriters
• Provide backup support for Underwriters when traveling in the market
• Gather and compile information required to quote and/or bind an account
• Generate, edit, and send out a variety of correspondences on behalf of the Underwriters such as declination letters, quote follow ups and subjectivity reminders
• Demonstrate basic understanding of technical underwriting principles and risk underwriting characteristics
• Learn market dynamics, competitive landscape, and product differences
• Attend weekly underwriting meetings if applicable, ask questions - need to understand what business is selling and understanding why deals are lost and adjusting accordingly
• Provide customer service and underwriting support to help achieve team new and renewal premium goals
• Build relationships with producers with supervision from more senior Underwriters
• Fill in for other team members to ensure business continuity during peak periods and/or when team members are unavailable
• Assist Underwriters as requested
• Complete other related clerical and administrative duties as assigned
• Conduct inspection review and analysis resulting in appropriate issue identification, and process post inspection changes as necessary

Underwriting Authority

Working towards Underwriting Authority, but does not have it yet

Key requirements

• Bachelor's degree in risk management, finance, business or a related field preferred
• 0-1 year underwriting or insurance experience
• Foundational knowledge of insurance principles
• Proficiency in Microsoft Office Suite (Word, Excel, Outlook, PowerPoint)
• Ability to follow policies and procedures
• Complete assigned tasks correctly, on time and able to learn quickly
• Self-motivated and demonstrating attention to detail
• Be able to work independently for extended periods
• Excellent written and verbal communication skills as well as general business understanding
• Travel up to 10% with an Underwriter to shadow and participate in interactions between Underwriters and brokers
• Must be able to remain in a stationary position 50% of the time, with occasional movement in the office to access cabinets and equipment

We are always looking for diverse talent to join our growing team.

About DUAL

Working across 21 countries, DUAL has built a reputation as a specialist underwriting group and the market of choice for insurance intermediaries around the world. That's how we have become one of the world's largest international underwriting agencies (or MGAs) with US$3.5bn of GWP.

DUAL North America is the leading underwriting organization in the US offering commercial property, casualty, financial lines, and personal property insurance products underwritten through several specialized subsidiaries. Since 2013, we have grown to over 650 employees in 14 offices across the US, and we are continuing to grow.

DUAL is part of Howden, an international insurance group with employee ownership at its heart. The group was founded in 1994 and now has divisions in broking and underwriting, operates in 55 territories and employs over 19,000 people handling US$42bn of premium on behalf of clients.

What we offer in return?

A career that you define.

Yes, we offer all the usual rewards and benefits - including medical, dental, vision, a wide variety of wellbeing offers, competitive salary, unlimited PTO, 401k with company match, paid volunteer days and more.