Senior Underwriter, Midwest

Honeycomb Insurance; Chicago (IL); Hybrid; USD 100,000 - 120,000; Full time

Benefits offered by this job

Employee options grant

401K with employer match

Flexible paid time off

Paid national holiday

Job summary

Honeycomb Insurance is seeking an experienced underwriter to lead risk assessment and pricing for Habitational and LRO portfolios. You will leverage AI-powered tools and collaborate with cross-functional teams to optimize portfolio profitability.

Join a fast-growing startup backed by investors, with a hybrid work model out of our Chicago office and occasional travel. Candidates should have 4+ years in underwriting, strong LRO and regulatory knowledge, and excellent communication skills.

Qualifications

• 4+ years of underwriting/insurance experience with a strong LRO background
• Bachelor's degree or equivalent education/experience preferred
• Excellent verbal and written communication skills
• This position is remote in the Midwest or Hybrid out of our Chicago Office, 3X weekly

Responsibilities

• Evaluate renewal Habitational accounts for underwriting acceptability and support portfolio profitability
• Analyze and approve policy changes across LRO and Habitational portfolio
• Maintain familiarity with state insurance regulations and ISO rules for assigned territory
• Monitor portfolio through reports, audits, and inspections
• Support marketing efforts to build and promote Honeycomb
• Complete special projects and assignments
• Some travel <20%

Skills

Underwriting

LRO background

AI proficiency

Communication (verbal/written)

Analytical thinking

Curiosity/continuous learning

Education

Bachelor's degree or equivalent

Job description

At Honeycomb, we're not just building technology; we’re reshaping the future of insurance.

Honeycomb is a rapidly growing global startup, generously backed by top-tier investors and powered by an exceptional team of thinkers, builders, and problem-solvers. Dual-headquartered in Chicago and Tel Aviv (R&D center), and with 6 offices across the U.S., we are reinventing the commercial real estate insurance industry, an industry long overdue for disruption. Just as importantly, we ensure every employee feels deeply connected to our mission and one another.

With over $100B in insured assets, Honeycomb operates across 23 states, covering more than 65% of the U.S. population and increasing its coverage.

If you’re looking for a place where innovation is celebrated, culture actually means something, and smart people challenge you to be better every day - Honeycomb might be exactly what you’ve been looking for.

What You'll Do

Next-generation risk assessment – divesting from binary underwriting and revisioning risk selection utilizing mega data, AI and curiosity. Modernized underwriting using cutting edge technology to more accurately and quickly assess risk, price and bespoke coverage/terms to profitably grow and manage a book of business spanning Habitational and Lessor's Risk Only (LRO) package and excess liability. Honeycomb offers an environment of personal and career growth to achieve your best self through mentorship, engaging project assignments, personalized training and development, and internal and exterior exposure opportunities to expand your network and sphere of influence.

• Evaluate renewal Habitational accounts for underwriting acceptability, make risk-based decisions on referred accounts, and partner with the Director of Underwriting and AVP of Renewal Underwriting to support portfolio profitability and retention.
• Analyze and approve requested policy changes across the LRO and Habitational portfolio
• Maintain familiarity and compliance with state insurance regulations and ISO rules for all states within assigned underwriting territory
• Maintain open, transparent and supportive communications with team members and interdivisional partners
• Monitor portfolio composition via reports, audits and inspections
• Support marketing functions and efforts to build and promote Honeycomb
• Complete special projects and assignments
• Some travel as deemed necessary <20%

Basic Requirements

• 4+ years of underwriting/insurance experience with a strong LRO background required; Commercial Habitational and Specialty Property experience is a valued addition to that background, not a standalone requirement
• Bachelor's degree or equivalent education/experience preferred
• Retail agency relationship preferred
• AI Proficiency and desire to seek automation and efficiency opportunities
• Curiosity, hardworking, self-accountable, positive attitude, humble and fun
• Have an opinion, share your opinion and be open to other opinions
• Passion to obtain, retain and employ knowledge – as well as share knowledge
• Excellent verbal and written communication skills
• Strong analytical skills and attention to detail
• This position is remote in the Midwest or Hybrid out of our Chicago Office, 3X weekly
• Salary Range: $100,000 - $120,000 (Pending Experience) + Bonus
• Employee options grant
• 401K with employer match
• Flexible paid time off
• Paid national holiday