Reinsurance Underwriter, Public Entity

Everest; Chicago (IL); On-site; USD 100,000 - 130,000; Full time

Benefits offered by this job

Health insurance

401k match

Paid holidays

PTO

Job summary

Everest Insurance seeks an Underwriter, Public Entity to join a growing Public Entity team. You will underwrite and manage a nationwide Public Entity portfolio, build strong broker relationships, and execute underwriting strategies aligned with Everest's risk appetite and business objectives.

You will partner with internal stakeholders and external trading partners to deliver innovative solutions and exceptional service to clients across the public sector marketplace.

Qualifications

• Bachelor’s degree with 3–5 years in insurance, preferably Public Entity.
• Proven track record of profitable underwriting.
• Strong negotiation and analytical abilities.

Responsibilities

• Triage submissions and provide terms.
• Prepare proposals based on market conditions.
• Develop and manage Public Entity portfolio profitably.
• Collaborate with brokers and clients.
• Support risk management and growth.
• Coordinate with internal specialists.
• Participate in ongoing education.

Skills

Analytical skills

Negotiation skills

Team player

Multitasking

Decision making

Education

Bachelor’s degree in Insurance or related field

Tools

Word

Excel

Proprietary software

Job description

About Everest

Everest is a global leader in risk management, rooted in a rich, 50+ year heritage of enabling businesses to survive and thrive, and economies to function and flourish. We are underwriters of risk, growth, progress and opportunity. We are a global team focused on disciplined capital allocation and long-term value creation for all stakeholders, who care deeply about our impact on communities and the wider world.

Title: Reinsurance Underwriter, Public Entity

Company: Everest Reinsurance Company

Job Category: Underwriting

Job Description

About Everest: Everest is a global leader in risk management, rooted in a rich, 50+ year heritage of enabling businesses to survive and thrive, and economies to function and flourish. We are underwriters of risk, growth, progress and opportunity. We are a global team focused on disciplined capital allocation and long-term value creation for all stakeholders, who care deeply about our impact on communities and the wider world.

About the Role

Everest Insurance is seeking an Underwriter, Public Entity to join our growing Public Entity team. This role will be responsible for underwriting and managing a nationwide portfolio of Public Entity business while driving profitable growth, building strong broker relationships, and executing underwriting strategies aligned with Everest's risk appetite and business objectives. The successful candidate will partner closely with internal stakeholders and external trading partners to deliver innovative solutions and exceptional service to clients across the public sector marketplace.

Role & Responsibilities (including but not limited to)

• Triage and review insurance submissions and seek to provide terms and conditions.


• Prepare insurance proposals based upon informed judgment and market/litigation conditions and state immunity/tort laws.


• Responsibility for the team effort of profitable development of the Public Entity portfolio.


• Execute strategy with a focus on the management of risk while driving business growth and achieving profit objectives.


• Contribute to the delivery of all key metrics.


• Participate in continuing education courses to remain knowledgeable and competitive in the industry.


• Organize external meetings with brokers and clients to build rapport with insureds and brokers and articulate/demonstrate the value and strength of the Everest Insurance organization.


• Organize internal meetings with specialists (loss control, claims, actuarial) to gain insight into unique circumstances.


• Help create a work environment that fosters teamwork, innovation, and cooperation.

Qualifications

• Accountability for the underwriting of an assigned book of business and accounts within the Public Entity line of business nationwide.


• Strong Word and Excel skills and ability to use necessary proprietary software/tools.


• Support the successful execution of the Public Entity plan; adjusting strategies and actions to meet the needs of a changing marketplace; effectively preserve and enhance profitability through product development and enhancement; pricing discipline, competitive analysis and the development of business-enhancing performance metrics and controls.


• Excellent negotiation skills and strategies.


• Ability to multitask and work toward multiple deadlines simultaneously.


• Confident in decision making and the ability to explain processes or choices as needed.

Knowledge, Skills & Competencies

• Bachelor’s college degree with 3 -5 years of experience in the insurance industry and preferably minimum 1 year within Public Entity space.


• Demonstrated ability to generate profitable new business and proven record of delivering meaningful underwriting profit.


• Proven people skills, and a team player.


• Highly collaborative and able to work effectively with peers.


• Strong technical background, problem solving analytical skills, and ability to connect data analytics with strategic deliverables to drive underwriting strategy.


• Able to work in Everest field office a minimum of 3 days per week


• Ability to travel 20% of the year across the United States for conferences and client meetings.


• Excellent negotiation skills and strategies.


• Able to work and contribute as part of a team.


• Additional specific experience as required by specific Line of Business/Role responsibilities.

The base salary range for this position is $100,000 - $130,000 annually. The offered rate of compensation will be based on individual education, experience, qualifications and work location. All offers include access to a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).

What if I don’t meet every requirement? At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesn’t align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.

Our Culture

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click here to learn more about our culture.

• Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging.


• Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.

Type: Regular

Time Type: Full time

Primary Location: Chicago, IL - South Riverside

Additional Locations: New York, NY, Warren, NJ

Everest is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex (including pregnancy), sexual orientation, gender identity or expression, national origin or ancestry, citizenship, genetics, physical or mental disability, age, marital status, civil union status, family or parental status, veteran status, or any other characteristic protected by law. As part of this commitment, Everest will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact Everest Benefits at [e-mail].

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