Senior Underwriter (Inland Marine & Property)

Virginia Tech; Naperville (IL); Hybrid; USD 80,000 - 128,000; Full time

Job summary

A leading company in the insurance sector is looking for a Senior Underwriter with expertise in Inland Marine/Property insurance. This role, offering a hybrid work model, requires extensive experience in analyzing risk and evaluating underwriting files to ensure accurate risk assessment and premium determination. Ideal candidates will have a strong background in Inland Marine rating methodology and decision-making skills to navigate complex underwriting environments.

Benefits

26 PTO Days + 12 Company Holidays

7% 401(k) Company Match and additional Profit Sharing

Hybrid work environment

Numerous training and development opportunities

Healthcare and Wellness Programs

Performance-based bonuses

College Loan Assistance Support Plan

Educational Assistance Program

Mentorship Program

Dress for Your Day Policy

Qualifications

• At least 12 years of related experience or equivalent (Inland Marine highly preferred).
• Advanced knowledge of Inland Marine insurance required.
• Familiarity with continuous improvement processes and tools.

Responsibilities

• Review and analyze underwriting files using judgment and experience.
• Evaluate and determine account premium levels based on sound judgment.
• Lead and champion BU specific and enterprise-wide project initiatives.

Skills

Analytical skills

Problem solving

Decision-making

Communication skills

Interpersonal skills

Negotiating skills

Education

Bachelor's degree in Risk Management, Finance, Mathematics, Business or related field

Job description

IAT's Inland Marine Business Unit has an immediate opening for a Senior Underwriter with Inland Marine/Property experience. We will consider remote work for the ideal candidate. Prefer candidates in the Central and Mountain Time zones with experience with Inland Marine rating methodology and cat modeling tools in a production environment.

This role will work a hybrid schedule from an IAT location. The hybrid schedule reflects our values (thinking and acting like an owner, collaboration, and teamwork) as it requires working from the office with colleagues and other disciplines Monday through Wednesday, with the option of working remotely on Thursday and Friday. For the right candidate, remote will be considered. Preferred IAT locations include: Naperville, IL, Rolling Meadows, IL, Overland, KS, Kansas City, MO, Omaha, NE and Alpharetta, GA.

Responsibilities:

• Review and analyze underwriting files, using judgment and experience as primary criteria, to accept new business or continue renewals within the established authority level.
• Review and analyze all documents within or associated with the underwriting file to establish accuracy in identifying and minimizing exposure risk, utilizing change requests, claim information, loss control, and outside databases to identify changes in exposure to risk.
• Review, evaluate, and determine account premium levels using sound judgment consistent with established company premium modification plans within authority limits.
• Read, evaluate, and interpret contracts and policies to determine exposures, providing guidance and clarification to others consistent with experience.
• Works on significant and unique issues that impact entire book of business. Provides guidance and mentorship for project work.
• Lead and champion BU specific and enterprise wide project initiatives.
• Perform other tasks as needed.

Qualifications:

• Bachelors' degree in Risk Management, Finance, Mathematics, Business or related with at least 12 years of related experience or equivalent (Inland Marine highly preferred).
• Equivalent is defined as 16 years of relevant Inland Marine Underwriting experience.
• Advanced knowledge of Inland Marine insurance required.
• Ability to analyze risk across a broad spectrum of industries.
• Strong problem solving, reasoning and decision-making skills.
• Excellent verbal and written communication skills.
• Understanding of Inland Marine rating methodology and cat modeling tools.
• Familiarity with continuous improvement processes and tools.
• Requires strong math aptitude, excellent verbal and written communication, interpersonal and negotiating skills.
• To qualify, applicants must be authorized to work in the United States and must not require VISA sponsorship, now or in the future, for employment purposes.

Preferred to Have:

• CPCU, ARM, or AU industry designations preferred.
• INS21, 22 and 23 or equivalent is a plus.

Our Culture
IAT is the largest private, family-owned property and casualty insurer in the U.S. I nsurance A nswers T ogether is how we define IAT, in letter and in spirit. We work together to provide solutions for people and businesses. We collaborate internally and with our partners to provide the best possible insurance and surety options for our customers.

At IAT, we're committed to driving and building an open and supportive culture for all. Our employees propel IAT forward - driving innovation, stable partnerships and growth. That's why we continue to build an engaging workplace culture to attract and retain the best talent.

We offer comprehensive benefits like:

• 26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off
• 7% 401(k) Company Match and additional Profit Sharing
• Hybrid work environment
• Numerous training and development opportunities to assist you in furthering your career
• Healthcare and Wellness Programs
• Opportunity to earn performance-based bonuses
• College Loan Assistance Support Plan
• Educational Assistance Program
• Mentorship Program
• Dress for Your Day Policy

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. We maintain a drug-free workplace and participate in E-Verify.

Compensation:
Please note, that the annual gross salary range associated with this posting is $80,000 - $127,900. This range represents the anticipated low and high end of the base salary for this position. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role. The total compensation will include a base salary, performance-based bonus opportunities, 401(K) match, profit-sharing opportunities, and more.

To view details of our full benefits, please visit https://www.iatinsurancegroup.com/careers/benefits

IAT Recruiter:
Steve Morley | Senior Recruiter
[e-mail]
www.linkedin.com/in/stevemorley916