AVP Underwriter - D&O

Core Specialty Insurance Holdings, Inc.; Hyde Park Township (IL); Remote; USD 100,000 - 130,000; Full time

Job summary

A leading company in the insurance sector is seeking an AVP for their Financial Lines team in a remote capacity. This role involves underwriting various Financial Institution products, managing accounts, and developing broker relationships. Candidates should have extensive experience in management liability underwriting and a strong understanding of the Financial Institutions marketplace. The position offers a competitive salary and comprehensive benefits.

Benefits

Competitive salary

Professional development opportunities

Comprehensive benefits package

401(k) with company match

Qualifications

• 7+ years of management liability underwriting experience.
• Strong knowledge of the D&O broker landscape.
• Ability to analyze financial statements for hedge funds and private equity.

Responsibilities

• Underwriting Financial Institution products like D&O and EPL.
• Maintaining existing business and prospecting new opportunities.
• Building and maintaining broker networks for profitable business.

Skills

Management Liability Underwriting

Interpersonal Skills

Financial Analysis

Risk Selection

Education

Bachelor's Degree

Job description

Core Specialty Financial Lines - AVP Position

Core Specialty's Financial Lines team is seeking an AVP for a remote role. The individual will operate within established risk guidelines to market, analyze, review, evaluate, and monitor new and renewal Financial Institution accounts. The role requires applying sound judgment in processing and managing these accounts and underwriting activities.

This Underwriter will work within set guidelines to market, analyze, review, evaluate, and monitor accounts, as well as process accounts and handle underwriting activities.

The responsibilities include underwriting Financial Institution products such as Management Liability (D&O), Advisor/Fund Professional Liability (E&O), Employee Practices Liability (EPLI), and Fiduciary liability for both public and private entities within delegated authority.

The role involves maintaining existing business and strategically prospecting new opportunities within an assigned national region. Managing a book of business concerning new lines and renewals is also key.

Building and maintaining broker networks to support profitable business origination through the national wholesale broker market is essential.

The candidate should understand current issues affecting the Financial Institutions marketplace and meet all team service objectives, including quote turnaround, policy issuance, phone management, file maintenance, and documentation.

They should be excited about new business opportunities and capable of thinking creatively to formulate client and broker solutions. Developing wholesale producer relationships and enhancing Core Specialty’s footprint in the Financial Institutions market are also important.

Participation in regional marketing events supports the Core Specialty brand. Compliance with regulatory requirements is mandatory.

Technical Knowledge and Experience

• Strong knowledge of the D&O broker landscape.
• Bachelor's degree and 7+ years of management liability underwriting experience.
• Experience underwriting D&O, E&O, EPL, and Fiduciary coverages for Financial Institutions.
• Above-average understanding of Asset Management & Private Equity policy coverage and forms.
• Strong understanding of Financial Institutions liability risk selection and underwriting processing skills.
• Ability to analyze financial statements for hedge funds, private equity, and both public and private financial institutions.
• Excellent interpersonal skills for developing and maintaining broker and internal relationships.
• In-depth knowledge of the national wholesale brokerage community and established relationships.

Applicants must be authorized to work in the U.S. without sponsorship.

Core Specialty offers a competitive salary, professional development opportunities, and a comprehensive benefits package including medical, dental, vision, life insurances, disability coverage, 401(k) with company match, and various wellness programs.