Senior Underwriter

Understory; United States; Hybrid; USD 110,000 - 150,000; Full time

Benefits offered by this job

Health, dental, vision, and retirement

Unlimited Paid Time Off

Hybrid work model

Job summary

Understory, a Madison, WI-based insurance tech company, seeks an experienced Underwriter to assess and price complex property and casualty risks for clients and partners. You will guide risk reviews, develop innovative underwriting strategies, and work with sales and leadership to grow the client base.

A Bachelor's in Finance/Economics is required, with 3+ years underwriting experience and strong broker relationships.

Qualifications

• Bachelor's degree in Finance, Economics or related field required.
• 3+ years in property, casualty, or life underwriting with large accounts management experience.
• Strong broker and carrier relationships.
• Advanced analytical, decision-making and leadership abilities.

Responsibilities

• Direct assessment, underwriting and pricing of complex property and casualty risks.
• Review insurance applications to gauge risk.
• Develop innovative underwriting strategies to drive growth and profitability.
• Collaborate with sales, customer service and senior management to manage and grow client base.

Skills

Broker relationships

Analytical skills

Decision making

Leadership skills

Communication skills

Negotiation abilities

Organization

Multi-tasking

Dealer's Open Lot experience

Education

Bachelor's degree in Finance or Economics

Job description

Are you an underwriting professional who thrives in high-stakes, transformative environments? Do you find satisfaction in mitigating risk, identifying opportunities, and shaping the course of a rapidly growing company? If so, it's time to take your career to the next level.

As an Underwriter at Understory, you will be at the forefront of an innovative venture. Your pivotal role in accurately assessing and pricing risk will contribute significantly to creating profitable insurance products for our partners and clients alike.

Your primary role responsibilities will include:

• Directing the assessment, underwriting, and pricing of complex property and casualty commercial insurance risks
• Guiding the review of insurance applications to gauge the degree of risk involved accurately
• Steering the development of innovative underwriting strategies to achieve business growth and profitability
• Collaborating closely with sales, customer service, and senior management teams to manage, retain, and grow our client base

You're exactly what we're looking for if you:

• Hold a Bachelor's degree in Finance, Economics, or a related field
• Have a minimum of 3 years of property, casualty, or life underwriting experience, with a track record of managing large accounts (experience with multiple lines is a plus)
• Have demonstrated ability to forge strong broker and carrier relationships
• Develop and utilize advanced analytical, decision-making, and leadership skills
• Have an in-depth knowledge of insurance policies, admitted and non-admitted regulations, and market trends
• Possess outstanding communication and negotiation abilities
• Are highly organized, with the capacity to manage multiple priorities
• Experience in Dealer's Open Lot is a strong plus
• For local Madison, WI employees, we offer a hybrid work model. Exceptional remote candidates may be considered.

Compensation includes:

• Competitive base salary commensurate with experience.
• Comprehensive benefits package including health, dental, vision, and retirement plans.
• Unlimited Paid Time Off

About Understory

Understory is a leading provider of insurance solutions built for the era of climate change. The company's global network of Dot weather stations powers the world's most sophisticated weather risk model. By combining mutualized, optimized risk structures with precision weather technology and modeling, Understory develops affordable, stable property insurance solutions.

Traditional insurance is no longer fit for purpose. Natural catastrophes driven by the volatility of climate change is increasing rates and restricting coverage. Insurance and reinsurance companies are pulling out and leaving 76% of global assets unprotected. Transformation is inevitable, and it's coming to the global insurance market. Understory cracked the code, and our approach is the only way to close this gap.

Comprising a compact yet fiercely dedicated & passionate remote team, Understory is a mission-centric, results-driven start-up that thrives on relentless adaptability and resilience. We cherish accountability and push the limits at breakneck speeds, always backed by the unwavering support of our colleagues. To sustain our drive, we place significant emphasis on work-life harmony, nurturing our families, and fostering our communities.

Understory, headquartered in Madison, Wisconsin, is poised to rewrite the story of insurance. To embark on this exciting journey with us, visit www.understoryweather.com.