D&O Financial Institutions Underwriter

Great American Insurance Group; Schaumburg (IL); Hybrid; USD 75,000 - 100,000; Full time

Benefits offered by this job

Medical, dental, and vision coverage

401(k) with company match

Paid time off and holidays

Tuition reimbursement

Commuter benefits

Job summary

Great American Insurance Group in Schaumburg, IL seeks a D&O Financial Institutions Underwriter to market, underwrite and produce profitable business within Directors and Officers Liability Insurance for public, private and nonprofit entities.

The role requires evaluating account information, performing financial statement analysis, and underwriting within guidelines while developing strong broker relationships.

Qualifications

• 0 to 5 years of insurance, banking, financial institution or related experience.
• Bachelors degree 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 relationships and market products and services.
• Must be able to travel as needed and work autonomously.

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 divisional objectives.
• _Performs financial statement analysis of prospective risks and makes pricing/term recommendations.
• Service complex multi-line risks and maintain broker relationships.
• Conduct marketing visits out of state and promptly issue quotes, policies, and endorsements.
• Understand, compare, and contrast policy language both internal and competitor forms.

Skills

Verbal and written communication

Organizational skills

Customer relationship management

Travel for client visits

Education

Bachelors degree in Finance/Accounting/Business

Job description

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.
• *Excludes seasonal employees and interns.
• Your recruiter will provide details about benefits and specific compensation ranges during the hiring process. Learn more at http://www.gaig.com/careers.

Great American Insurance Group understands the importance of choosing a financially strong company. We are an organization built for the long term and are committed to giving you that strength.

Why can you trust Great American Insurance Group?

For nearly 150 years, Americans have trusted us to protect them. Our innovative insurance solutions and specialization serves niche marketplaces that we know well. This expertise gives us a successful foundation that spans generations. You never know where a career in insurance will take you. Whether you are starting your career or are looking for a company to grow your experience, at Great American Insurance Group, you can join our more than 8,500 employees to “Be Here. Be GREAT!”

To learn more, visit our Career Page