Executive Underwriter - Private Company Management Liability

Old Republic Professional Liability, Inc.; New York (NY); Hybrid; USD 125,000 - 175,000; Full time

Benefits offered by this job

BCBS medical

FSA/HSA accounts

Long-term disability

Dental and vision insurance

Paid time off

401(k) Savings and Profit-Sharing Plan

Job summary

Old Republic Professional Liability, Inc. is seeking an Executive Underwriter for Private Company Management Liability in New York. This role focuses on driving profitable growth, managing the underwriting process for various liabilities, and collaborating with a supportive team. Candidates should have at least five years of relevant experience, strong analytical and relationship-building skills, and a bachelor's degree. The position offers a hybrid work environment with competitive benefits and incentives.

Qualifications

• Minimum of five years of relevant experience.
• Strong management liability underwriting experience is preferred.
• Ability to work independently and in a fast-paced environment.

Responsibilities

• Drive profitable growth of the private company management liability portfolio.
• Oversee the entire account life cycle.
• Actively participate in underwriting calls and meetings.

Skills

Management liability underwriting experience

Strong analytical skills

Relationship-building skills

Problem-solving skills

Excellent organizational skills

Strong attention to detail

Negotiating skills

Fast-paced environment adaptability

Education

Bachelor's degree

Job description

Executive Underwriter - Private Company Management Liability

Job Type: Full Time

Hybrid: New York, this position requires a minimum of 3 days in the office to promote collaboration and interaction with onsite associates.

Salary Range: $125,000 - $175,000 and a bonus incentive

Job Overview

The Executive Underwriter – Private Company Management Liability (PML) is responsible for driving profitable growth of the private company management liability portfolio in accordance with Old Republic Professional’s (ORPRO) underwriting strategies and objectives. Additionally, the Executive Underwriter PML will combine deep technical underwriting expertise and entrepreneurial drive, while working collaboratively with colleagues to build ORPRO’s brand and develop business with key distribution partners throughout the East region of the United States.

The Executive Underwriter is a visible role and can make an immediate impact, backed by an experienced, supportive team.

Job Responsibilities

• Demonstrate deep proficiency and a strong working knowledge of the legal, financial, operational, and economic disciplines relevant to underwriting Directors and Officers Liability (D&O), Employment Practices Liability (EPL), Fiduciary Liability, and Crime/Fidelity.
• Stay abreast of changes in the relevant legal, financial, economic, and political environments. Demonstrate a deep understanding of how such changes impact coverage as well as the risks for each specific insured.
• Responsible for overseeing the entire account life cycle, including analysis of risk, determining or recommending terms and conditions, quoting and binding terms for renewal and new business, and issuing policies.
• Document assigned files, ensuring completeness, complying with underwriting rules and regulations, appetite, and authority.
• Demonstrate a firm understanding of underwriting appetite, recognizing nuances associated with exceptions and making informed pricing and coverage decisions within one's authority based on each risk’s unique attributes. Additionally, offer valuable pricing and coverage recommendations for risks that exceed one's underwriting authority.
• Actively participate in underwriting calls and meetings with ORPRO’s prospective and current insureds, cultivating relationships with C‑Suite clients.
• Proactively seek new account opportunities, identifying risks within the company guidelines.
• Develop a pipeline of new business opportunities and successfully target new business.
• Proactively share relevant product, industry, and distribution‑related information with relevant parties within ORPRO.
• Work with the team to maintain a profitable book of business while simultaneously seeking out new opportunities for growth.
• Develop creative solutions, crafting policies to fit specific client needs while maintaining a high level of underwriting integrity.
• Creatively assess and propose changes to coverage forms and endorsements, verbally explain key coverage offerings and wordings to brokers, and collaborate with internal coverage counsel to draft manuscripts.
• Act as a resource for newer Underwriters and Analysts, providing basic training when requested.
• Act as an informal or formal leader, providing guidance and training for other staff.
• Independently build new broker/brokerage relationships, regularly conducting marketing activities, demonstrating fluency in ORPRO’s selling points, effectively cross‑selling other ORPRO offerings, and leveraging OR relationships.
• Independently develop marketing plans to grow both the underwriter’s individual book of business, but also ORPRO’s overall penetration with particular brokers or assigned broker offices.
• Gain a comprehensive understanding of ORPRO's operational and financial results, including the operation, relevance, and impact of reinsurance, commissions, loss picks, and rate changes.
• Develop a working knowledge of Old Republic Specialty Insurance Group and Old Republic International’s operations and position in the industry.

Qualifications

• Minimum of five years of relevant experience with a strong preference for management liability underwriting experience.
• A bachelor’s degree is required.
• Ability to work independently in a fast‑paced environment while embracing collaboration.
• Excellent organizational skills and multitasking ability.
• Strong attention to detail and problem‑solving skills.
• Solid relationship‑building and negotiating skills.
• A deep understanding of the competitive landscape and the ability to utilize this knowledge to enhance ORPRO’s access to more profitable business opportunities.
• Demonstrated expertise and understanding of the Financial Lines Industry (trends, competition, market share) and basic insurance accounting.
• Strong analytical skills, with the ability to critically assess business models and financial statements.
• Strong math aptitude.
• Able to think creatively and consider different viewpoints.
• Demonstrated ability to work effectively with individuals from diverse teams, promoting a culture of an inclusive workplace environment.
• Passionate about delivering superior customer service, including the willingness and ability to collaborate effectively with all stakeholders.
• Passionate about continuous learning and an openness to change.
• Ability to travel regionally and nationally.

About Old Republic Professional

Old Republic Professional (ORPRO™), established in December 1983, is a subsidiary of Old Republic International Corporation (NYSE: ORI), one of the nation’s 50 largest shareholder‑owned insurance businesses and a member of the Fortune 500 listing of America’s largest companies. Old Republic Professional has provided Directors and Officers liability insurance and Lawyers Professional liability insurance for more than 40 years and now offers a wide array of management liability and professional liability products across an expanding national footprint in the U.S.

Culture

Work‑life balance is highly valued; work culture is collaborative; colleagues are professional, passionate, open‑minded, and entrepreneurial. We offer competitive wages, a comprehensive benefits package, a friendly, team‑oriented environment, and we encourage and reward the professional growth of our employees. Employee benefits include BCBS medical, FSA/HSA accounts, long‑term disability, dental, vision, fertility and family building benefits, Employee Assistance Program, paid time off (PTO), paid holidays, Paid Leave of Absence Benefits, 401(k) Savings and Profit‑Sharing Plan, 529 Education Savings Plan, Gym Network 360 membership savings on fitness, nutrition and wellness programs, pet insurance, monthly commuting reimbursement, and tuition reimbursement for qualified job‑related educational expenses.

Equal Employment Opportunity

Old Republic Professional provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

Qualified candidates must submit a resume to

[e-mail]