Enable job alerts via email!

Senior Business Development Underwriter Workers' Compensation (Chicagoland)

ICW Group

Illinois

On-site

USD 104,000 - 176,000

Full time

30+ days ago

Boost your interview chances

Create a job specific, tailored resume for higher success rate.

Job summary

An established industry player is seeking a Senior Business Development Underwriter to drive relationships and profitability in the Workers' Compensation sector. This role involves evaluating complex risks, managing a productive producer force, and ensuring compliance with underwriting standards. The ideal candidate will have a strong background in sales and relationship management, coupled with a passion for making a meaningful impact in the community. Join a company that values innovation and offers a supportive environment where your contributions can lead to significant change.

Benefits

Medical, Dental, and Vision Plans
401K Retirement Plans with Company Match
Paid Time Off
11 Paid Holidays
Bonus Potential

Qualifications

  • 3+ years of experience in underwriting required.
  • Ability to mentor and train junior team members.

Responsibilities

  • Manage a profitable book of business and drive sales.
  • Prospect and develop new business opportunities.
  • Provide superior customer service through collaborative relationships.

Skills

Relationship Management
Sales Skills
Underwriting Concepts
Risk Evaluation
Market Research

Education

Bachelor's Degree in Business
Bachelor's Degree in Accounting
Bachelor's Degree in Statistics

Job description

Senior Business Development Underwriter Workers' Compensation (Chicagoland)

Join to apply for the Senior Business Development Underwriter Workers' Compensation (Chicagoland) role at ICW Group

Senior Business Development Underwriter Workers' Compensation (Chicagoland)

5 days ago Be among the first 25 applicants

Join to apply for the Senior Business Development Underwriter Workers' Compensation (Chicagoland) role at ICW Group

Get AI-powered advice on this job and more exclusive features.

Direct message the job poster from ICW Group

Senior Talent Acquisition Partner at ICW Group l WC Underwriting & Business Development l Connecting Talent with Meaningful Work & Community l…

Are you looking to make an impactful difference in your work, yourself, and your community? Why settle for just a job when you can land a career? At ICW Group, we are hiring team members who are ready to use their skills, curiosity, and drive to be part of our journey as we strive to transform the insurance carrier space. We're proud to be in business for over 50 years, and its change agents like yourself that will help us continue to deliver our mission to create the best insurance experience possible.

Headquartered in San Diego with regional offices located throughout the United States, ICW Group has been named for ten consecutive years as a Top 50 performing P&C organization offering the stability of a large, profitable and growing company combined with a focus on all things people. It's our team members who make us an employer of choice and the vibrant company we are today. We strive to make both our internal and external communities better everyday! Learn more about why you want to be here!

The purpose of this job is to establish collaborative relationships with agencies and producers to understand external marketplace and underwrites within established performance standards. This role evaluates complex business for risk acceptability; matching price to exposure, loss frequency and severity for profitability, and rating plans/modifications for renewal retention. This role exists to ensure that the Company’s marketing and producer management objectives are met, through the generation and maintenance of a profitable book of business in accordance with Company goals and guidelines.

Essential Duties And Responsibilities

Drives and manages a profitable and growing book of business.

  • Sells, services and maintains a producer force that can sell and control a profitable and growing book of business.
  • Monitors the production and quality of assigned producers.
  • Drives profitable sale of the Company's products including increasing sales of existing products, and the introduction and selling of new products as they are developed.
  • Develops the assigned producer group to improve the quality and quantity of the business we obtain from assigned producers.
  • Serves as the primary Company contact and representative with existing and prospective producers.
  • Keeps alert to industry changes, including WCIRB/NCCI rulings, forms, and coverage changes.

Prospects and develops new business.

  • Prospects and prequalifies new producers to determine working relationship.
  • Appoints new quality producers; sets and monitors production expectations with each Agency.
  • Maintains a thorough knowledge of the geographic territory assigned with regard to production sources, competitor activity, and economic and demographic idiosyncrasies.
  • Directs activities pertaining to industry affairs and trade show events including exhibiting, special events and lead generation follow up.
  • Manages marketing research to help identify opportunities for management, product enhancements, new distribution channels and new geographic markets with growth potential.
  • Supports strategic programs to promote new products, reposition existing products and integrate diverse corporate philosophies to support overall marketing and Underwriting efforts.
  • Utilizes high level underwriting authority to effectively price Company’s products.
  • Accepts or rejects complex risks, evaluating all risk characteristics (operations, financials, management, employees, prior experience, etc.) as compared to the average in its class and prices for profit within Company Underwriting guidelines.
  • Quotes retro, deductible plans, and other more complex pricing products and has a solid understanding of their various components.
  • Conducts customer presentations explaining these plans in detail.

Delivers superior customer service through collaborative relationships.

  • Provides production support through producer visitations and by participating in underwriting and production presentations.
  • Provides personal assistance to agents and insureds through regular visits to outside locations such as producer’s offices.
  • Utilizes company technology to be available to customers when needed.
  • Effectively communicates decisions and resolves agent/customer concerns promptly.
  • Presents Agency Management solutions to agency principals and ICW management team.

Supervisory Responsibilities

This role does not have direct reports but may mentor and/or train junior team members.

Education And Experience

Bachelor's degree from four-year college or university in Business, Accounting, Statistics or related field, or equivalent combination of education and experience. Minimum 3 years of related experience in underwriting required.

Knowledge And Skills

  • Demonstrated success servicing the Company’s clients and building and maintaining relationships with production sources.
  • Proven sales and effective relationship management skills.
  • Ability to apply fundamental to advanced Underwriting concepts, practices, and procedures in an area of specialization.
  • Ability to read and interpret documents such as submissions, loss control reports, and standard policy form/endorsements.
  • Demonstrated ability to lead special projects.
  • Ability to mentor and train professional and support staff.

Physical Requirements

  • Office environment – no specific or unusual physical or environmental demands and employees are regularly required to sit, walk, stand, talk, and hear.
  • Role requires 50%-75% travel to meet with clients, attend industry events, and develop new business opportunities.
  • Travel is usually limited to automobile but occasional air travel is required.
  • Requires regular visits to outside locations such as producer's offices.

WORK ENVIRONMENT

  • This position operates in a home office environment and requires the frequent use of a computer, telephone, copier, and other standard office equipment.

We are currently not offering employment sponsorship for this opportunity

\

The current range for this position is

$104,125.20 - $175,599.98

This range is exclusive of fringe benefits and potential bonuses. If hired at ICW Group, your final base salary compensation will be determined by factors unique to each candidate, including experience, education and the location of the role and considers employees performing substantially similar work.

WHY JOIN ICW GROUP?

  • Challenging work and the ability to make a difference
  • You will have a voice and feel a sense of belonging
  • We offer a competitive benefits package, with generous medical, dental, and vision plans as well as 401K retirement plans and company match
  • Bonus potential for all positions
  • Paid Time Off with an accrual rate of 5.23 hours per pay period (equal to 17 days per year)
  • 11 paid holidays throughout the calendar year
  • Want to continue learning? We’ll support you 100%

ICW Group is committed to creating a diverse environment and is proud to be an Equal Opportunity Employer. ICW Group will not discriminate against an applicant or employee on the basis of race, color, religion, national origin, ancestry, sex/gender, age, physical or mental disability, military or veteran status, genetic information, sexual orientation, gender identity, gender expression, marital status, or any other characteristic protected by applicable federal, state or local law.

\\_\\\_\\\_\\\_\\\_\\\_\\_

At ICW Group we offer a work environment that encourages entrepreneurialism and celebrates success. Our team members are hands-on contributors who are given the opportunity to make an impact. It's our people who make us an employer of choice and the vibrant company we are today.

Job Category: Underwriting

Job Type: Full time

Req ID: JR00244

Seniority level
  • Seniority level
    Mid-Senior level
Employment type
  • Employment type
    Full-time
Job function
  • Job function
    Finance and Sales
  • Industries
    Insurance

Referrals increase your chances of interviewing at ICW Group by 2x

Get notified about new Senior Underwriter jobs in Illinois, United States.

Rock Island, IL $62,400.00-$81,120.00 5 months ago

Chicago, IL $90,000.00-$100,000.00 2 days ago

Senior Underwriter - Middle Market Solutions
Remote Senior Underwriter, Small Commercial - Central

Chicago, IL $66,000.00-$144,000.00 2 weeks ago

Senior Professional Liability Underwriter
Remote Senior Underwriter, Small Commercial - Central

Peoria, IL $66,000.00-$144,000.00 2 weeks ago

Underwriter - Small Business Habitational
Remote Senior Underwriter, Small Commercial - Central

Aurora, IL $66,000.00-$144,000.00 2 weeks ago

Remote Senior Underwriter, Small Commercial - Central
Remote Senior Underwriter, Small Commercial - Central

Aurora, IL $66,000.00-$144,000.00 2 weeks ago

Misc Med Senior Production Underwriter - Medical Professional Liability
Remote Senior Underwriter, Small Commercial - Central

Springfield, IL $66,000.00-$144,000.00 2 weeks ago

Hospital Underwriter - Medical Professional Liability
Senior Underwriting Team Leader - Inland Marine

Illinois, United States $103,900.00-$140,600.00 2 weeks ago

Sr. Religious Organizations Commercial Lines Underwriter - Hybrid or Remote Opportunity
Business Development Underwriter Workers' Compensation (Chicagoland)

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.

Get your free, confidential resume review.
or drag and drop a PDF, DOC, DOCX, ODT, or PAGES file up to 5MB.

Similar jobs

Senior Underwriter - Middle Market Solutions

Crum & Forster Insurance

Chicago

Remote

USD 71,000 - 134,000

30+ days ago

Sales Underwriter

TieTalent

Illinois

On-site

USD 96,000 - 137,000

8 days ago

Senior Business Development Underwriter Workers' Compensation (Chicagoland)

ICW Group

Illinois

On-site

USD 90,000 - 153,000

30+ days ago

Healthcare Credit Analyst (multiple levels)

U.S. Bank

Illinois

Hybrid

USD 86,000 - 112,000

12 days ago

CRM Manager (Contract)

LaSalle Network

Chicago

On-site

USD 85,000 - 120,000

-1 days ago
Be an early applicant

Senior Cost Estimator - Remote

Jobot

Boston

Remote

USD 100,000 - 150,000

15 days ago

Senior Cost Estimator - Remote

Jobot

Chicago

Hybrid

USD 100,000 - 150,000

17 days ago

Business Development Underwriter - Workers' Compensation (Chicagoland)

ICW Group

Illinois

On-site

USD 86,000 - 145,000

30+ days ago

Sr Underwriter, Business Development - Surety (Large Commercial)

Nationwide

Rosemont

Hybrid

USD 75,000 - 156,000

16 days ago