Senior Underwriter (Excess Petroleum)

ISC (Integrated Specialty Coverages, LLC); United States; On-site; USD 93,000 - 116,000; Full time

Benefits offered by this job

Employee Ownership Program

Owner Referral Program

Work from home reimbursement

Life/AD&D Insurance

401(k) Plan with match

Job summary

Integrated Specialty Coverages, LLC (ISC) in the United States seeks a Senior Underwriter for Northeast National Brokerage to review petroleum distribution insurance applications and determine accept/decline based on guidelines. You will set coverage levels and pricing according to exposures and risk characteristics.

This senior role requires experience with underwriting guidelines, profitability targets, and collaboration with producers to meet production goals while ensuring regulatory

Qualifications

• Minimum 5 years of commercial P&C underwriting or related insurance experience.
• Experience underwriting commercial E&S policies required.
• Experience underwriting excess petroleum policies strongly preferred.
• Experience working for an MGA preferred.
• Experience using Vertafore, AIM and ImageRight a plus.
• CPCU, Property & Casualty Brokers License, etc. a plus.
• Proficiency in Microsoft Office Suite and ability to quickly learn industry-specific software.
• Ability to work collaboratively with team members and other departments.
• Strong desire to learn, explore new ideas, and seeking out new knowledge.
• Ability to be flexible, embrace change, and quickly pivot in response to shifting priorities.

Responsibilities

• Adhere to underwriting guidelines and execute underwriting and pricing strategies to maintain profitability goals.
• Use level of authority to accept, reject, or mitigate risk for applications.
• Approve or decline insurance applications within certain limits and issue coverage and prepare referral submission for risks exceeding individual authority.
• Review and analyze risk characteristics on insurance applications, renewals, and change requests for distribution of all classes of fuel including propane, heating oil, gas, and diesel to residences, gas stations and more across the US.
• Ensure that underwriting activities comply with all industry and government regulations.
• Documentation of Underwriting files including risk analysis and pricing justification in accordance with established underwriting standards.
• Offer recommendations to clients on insurance applications to reduce exposure to excessive risk.
• Utilize underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages.
• Cultivate relationships with assigned producers to achieve production goals.
• Collaborate closely with the underwriting team to finalize insurance applications efficiently.
• Utilize multiple databases to gather and verify supplementary data for submissions and leverage specialized software to compare risks ensuring accurate policy pricing.
• Respond to customer needs, providing guidance and assistance tailored to their insurance needs.
• Process accounts from approved quotes through to policy issuance with accuracy and efficiency.
• Recommend ideas for program development and process improvement.
• Assist in the development of the Underwriting team through sharing knowledge and market intelligence, collaboration, and mentoring relationships.

Skills

Commercial P&C underwriting

Underwriting excess petroleum

MGA experience

Team collaboration

Microsoft Office

Education

CPCU

Property & Casualty Brokers License

Tools

Vertafore

AIM

ImageRight

Job description

Integrated Specialty Coverages, LLC (ISC) is a growth stage technology and data-driven commercial MGA and insurance wholesaler leading innovation in the market.

Backed by one of the leading private equity firms, Onex Partners, and led by a forward-thinking management team, ISC is combining the worlds of insurance and technology to create an Insurtech powerhouse. As a leading online distributor of insurance products for a range of industries and “Main Street USA”, we are looking for the right people to help us in our mission of achieving exponential growth. We strive to be the number one place to go for brokers and agents to source insurance. To accomplish this, we’re building a digitally focused team that deeply understands the intersection between user experience, data, and AI/ML to optimize the way we engage with our customers and partners.

Job Summary

The Senior Underwriter for Northeast National Brokerage (NNB) will review applications for petroleum distribution insurance and evaluate applications to determine whether to accept or decline coverage based on established underwriting guidelines. Determine the level of coverage to be offered and appropriate pricing based on the exposures presented and individual risk characteristics. Assess excessive risks and determine value of policy to ensure safe and profitable distribution of risks. Become familiar with various commercial insurance applications and industry terminology. This is a senior level position.

Position Responsibilities

• Adhere to underwriting guidelines and execute underwriting and pricing strategies to maintain profitability goals. Use level of authority to accept, reject, or mitigate risk for applications.
• Approve or decline insurance applications within certain limits and issue coverage and prepare referral submission for risks exceeding individual authority.
• Review and analyze risk characteristics on insurance applications, renewals, and change requests for distribution of all classes of fuel including propane, heating oil, gas, and diesel to residences, gas stations and more across the US.
• Ensure that underwriting activities comply with all industry and government regulations.
• Documentation of Underwriting files including risk analysis and pricing justification in accordance with established underwriting standards.
• Offer recommendations to clients on insurance applications to reduce exposure to excessive risk.
• Utilize underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages.
• Cultivate relationships with assigned producers to achieve production goals.
• Collaborate closely with the underwriting team to finalize insurance applications efficiently.
• Utilize multiple databases to gather and verify supplementary data for submissions and leverage specialized software to compare risks ensuring accurate policy pricing.
• Respond to customer needs, providing guidance and assistance tailored to their insurance needs.
• Process accounts from approved quotes through to policy issuance with accuracy and efficiency.
• Recommend ideas for program development and process improvement.
• Assist in the development of the Underwriting team through sharing knowledge and market intelligence, collaboration, and mentoring relationships.

Minimum Qualifications

• Minimum 5 years of commercial P&C underwriting or related insurance experience required
• Experience underwriting commercial E&S policies required
• Experience underwriting excess petroleum policies strongly preferred
• Experience working for an MGA preferred
• Experience using Vertafore, AIM and ImageRight a plus
• CPCU, Property & Casualty Brokers License, etc. a plus
• Proficiency in Microsoft Office Suite and ability to quickly learn industry-specific software
• Ability to work collaboratively with team members and other departments
• Strong desire to learn, explore new ideas, and seeking out new knowledge
• Ability to be flexible, embrace change, and quickly pivot in response to shifting priorities

This role also offers bonus pay. Your ISC Talent Acquisition representative will share more details about the bonus component should you advance in the interview process.

The starting annual pay scale for this position is listed below. Actual starting pay will be based on factors such as skills, qualifications, training, and experience. In addition, the company offers comprehensive benefits including medical, dental and vision insurance, 401(k) plan with match, paid time off, and other benefits.ISC's salary ranges are determined by role and level. The range displayed on each job posting reflects the minimum and maximum target for new hire salaries for the position across all US locations and could be higher or lower based on a multitude of factors, including job-related skills, experience, and relevant education or training.

National Pay Range: $93,000 USD - $116,000 USD

Benefits of Working at ISC

• Employee Ownership Program - every eligible employee shares in the financial rewards that grow when the company grows
• Owner Referral Program
• Work from home reimbursement for remote/hybrid roles
• Canary emergency financial assistance program
• Life/AD&D Insurance
• Confidential, Employee Assistance Program
• Health Savings Account, includes company contribution
• Short-term disability
• Voluntary benefits - supplemental accident, critical illness, hospital insurance
• 401(k) Plan with company match contribution
• Addition Wealth Financial Wellness Program

Applicants may contact the ISC HR department via e-mail or phone to request and arrange for an accommodation that will allow the applicant to successfully complete the application process. Applicants needing assistance may request accommodation at any time. Please contact ISC at [e-mail] or 760-599-7242.

ISC believes in creating long-term relationships by being responsive and relevant and by consistently delivering value to our community of customers. Specifically, we focus on attracting, developing, and retaining the best talent for our business, challenging our people, demonstrating a “can-do” attitude, and fostering a collaborative and mutually supportive environment.

Diversity creates a healthier atmosphere: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, gender, gender identity, sexual orientation, marital status, medical condition, genetic information, mental or physical disability, military or veteran status, or any other characteristic protected by local, state, or Federal law.

**Must be legally authorized to work in the United States.**

**ISC participates in the Federal E-Verify program**