Senior Underwriting Specialist (Central Pennsylvania)

Summit Consulting; Maryland; Remote; USD 94,000 - 147,000; Full time

Job summary

An established industry player is seeking a Senior Underwriting Specialist to join their dynamic team. This role involves leading the evaluation and underwriting of new and renewal business, developing advanced risk assessment models, and fostering strategic partnerships with various stakeholders. The ideal candidate will possess extensive experience in underwriting, strong analytical skills, and a commitment to compliance and documentation. With a focus on growth and development, this position offers the opportunity to work within a supportive environment that values expertise and innovation. If you're looking to make an impact in a collaborative setting, this is the perfect role for you.

Benefits

Medical, Dental, and Vision Plans

Paid Time Off (PTO)

Paid Holidays

Commuter Benefits

Employee Stock Purchase Plan

Education Reimbursement

Paid Parental Leave

401(k) Plan with Company Match

Qualifications

• Minimum of 13 years of experience in Underwriting or related field.
• Professional designations like AU, CPCU, or CIC preferred.

Responsibilities

• Lead evaluation and underwriting of new and renewal business.
• Develop risk assessment models for coverage and pricing decisions.

Skills

Analytical Skills

Risk Assessment

Problem-Solving

Negotiation Skills

Communication Skills

Education

Bachelor’s Degree in Business

Bachelor’s Degree in Economics

Bachelor’s Degree in Risk Management and Insurance

Tools

Underwriting Software

Risk Assessment Models

Job description

Senior Underwriting Specialist (Central Pennsylvania)

Job Overview

Apply remote type Remote locations Pennsylvania, USA Maryland, USA time type Full time posted on Posted 7 Days Ago job requisition id R7407

Headquartered in the Central Florida city of Lakeland, Summit employs over 700 office and field associates at its main location and regional offices in Baton Rouge, Louisiana, and Gainesville, Georgia. As the people who know workers’ comp, we strive to provide an atmosphere of constant growth and development for our employees.

Summit provides workers’ compensation programs and services to thousands of employers throughout the Southeast.

Summit is a member of Great American Insurance Group, a company that focuses on building relationships and linking people to various career paths. Whether it’s underwriting, claims, accounting, IT, legal, or customer service, Great American Insurance Group combines a small-company entrepreneurial atmosphere with big- company expertise.

Essential Job Functions and Responsibilities

• Leads the evaluation and underwriting of new and renewal business, ensuring alignment with Company underwriting guidelines and risk appetite.
• Develops and implements advanced risk assessment models to make informed decisions on coverage, pricing, and terms.
• Fosters strategic partnerships with actuaries, agents, brokers, and clients to obtain necessary information and provide guidance.
• Procures and analyzes supplementary reports and screenings, such as motor vehicle reports, loss history reports, and external inspections, to support underwriting decisions.
• Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations.
• Evaluates complex policy renewals and modifications, identifying opportunities for policy enhancements and risk mitigation.
• Communicates underwriting strategies and decisions effectively to internal teams, agents, and brokers.
• Monitors and shares insights on industry trends, regulatory changes, and market conditions.
• Maintains effective business relationships with internal and external customers/coworkers, focusing on generating new business and retaining profitable business.
• Monitors and evaluates underwriting practices, assisting with implementing strategic adjustments to improve overall effectiveness and outcomes.
• May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports.
• Performs other duties as assigned.
• This position is a field role within Central Pennsylvania or Maryland.

Job Requirements

Education: Bachelor’s Degree in Business, Economics, Risk Management and Insurance, or a related field or equivalent experience.

Experience: Generally, a minimum of 13 years of experience in Underwriting or a related field. Continuing progress toward and/or the completion of a professional designation preferred, such as Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS) or Associate of Risk Management (ARM), or a marketing designation. Familiarity with marketing strategies and tools is beneficial.

Scope of Job/Qualifications: Performs work under minimal supervision. Works at the highest authority limits on the most complex assignments. Maintains expert knowledge of company policies and industry laws and regulations. Demonstrates expert analytical, risk assessment, and problem-solving skills. Excellent interpersonal and communication skills. Advanced negotiation and decision-making ability. Recognized as the company expert in the field. May serve as the highest point of escalation for decisions regarding risk and coverage. Position requires occasional travel.

Company: SCI Summit Consulting, LLC

Salary Range: $94,000.00 - $146,800.00

Benefits: Compensation varies by role, position level, and location. Individual pay is influenced by skills, education, training, certifications, experience, and the role's scope and complexity, along with business needs.

We offer a competitive Total Rewards package, including medical, dental, and vision plans starting on day one, PTO, paid holidays, commuter benefits, an employee stock purchase plan, education reimbursement, paid parental leave/adoption assistance, and a 401(k) plan with company match. These benefits are available to eligible full-time and part-time employees.

Your recruiter can provide more details about our total rewards and specific compensation ranges during the hiring process.

About Us

Headquartered in the Central Florida city of Lakeland, Summit employs over 700 office and field associates at its main location and regional offices in Baton Rouge, Louisiana, and Gainesville, Georgia. With more than 40 years of experience, Summit provides workers’ compensation programs and services to thousands of employers throughout the Southeast.

Summit is a member of Great American Insurance Group, a company that focuses on building relationships and linking people to various career paths. Whether it’s underwriting, claims, accounting, IT, legal, or customer service, Great American Insurance Group combines a small-company entrepreneurial atmosphere with big- company expertise.