Senior Underwriting Specialist (VA)

Summit; Virginia (IL); On-site; USD 107,000 - 147,000; Full time

Benefits offered by this job

Medical, dental, and vision coverage

401(k) with company match

Paid Time Off and holidays

Job summary

SCI Summit Consulting, LLC is seeking an experienced underwriter to lead evaluation and underwriting for new and renewal business, aligning with guidelines and risk appetite. The role involves developing risk assessment models and coordinating with actuaries, agents, brokers, and clients to obtain necessary information.

Requires a Bachelor’s degree and 13+ years in underwriting or related fields; professional designations are preferred.

Qualifications

• Bachelor’s Degree in Business, Economics, Risk Management and Insurance, or a related field or equivalent experience.
• 13+ years of experience in Underwriting or a related field; professional designations are preferred.

Responsibilities

• Leads the evaluation and underwriting of new and renewal business, ensuring alignment with underwriting guidelines and risk appetite.
• Develops and implements advanced risk assessment models for coverage, pricing, and terms.
• Fosters partnerships with actuaries, agents, brokers, and clients to gather information and provide guidance.
• Procures and analyzes reports to support underwriting decisions and ensure compliance with regulations.
• Evaluates complex policy renewals and modifications for enhancements and risk mitigation.
• Communicates underwriting strategies to internal teams, agents, and brokers.

Skills

Underwriting

Risk assessment

Communication

Negotiation

Education

Bachelor's Degree in Business, Economics, Risk Management and Insurance

Job description

Company

SCI Summit Consulting, LLC

Summit provides independent insurance agents and their clients with market-leading workers’ comp insurance and elite customer service. We’re growing and currently serve more than 7,000 independent agents and 31,000 policyholders across the South, Midwest, and Mid-Atlantic.

Our strength comes from a single-minded focus on workers’ comp and a commitment to long-term customer relationships. Summit is who you turn to when you need a specialist who not only knows workers’ comp but also gets to know your business and your priorities.

Our field team members are located in every state in which we operate.

Summit is a member of the Great American Insurance Group where our highest goal is for all employees to feel included, respected, and empowered to perform at their best.

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.


• The person hired for this position will work a field role in Virginia.

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. Completion of or continuing progress toward 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.

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. Familiarity with marketing strategies and tools is beneficial. 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

$107,200.00 -$146,800.00

Benefits

We offer competitive benefits packages for full-time and part-time employees*. Full-time employees have access to medical, dental, and vision coverage, wellness plans, parental leave, adoption assistance, and tuition reimbursement. Full-time and eligible part-time employees also enjoy Paid Time Off and paid holidays, a 401(k) plan with company match, an employee stock purchase plan, and commuter benefits. Compensation varies by role, level, and location and is influenced by skills, experience, and business needs. Your recruiter will provide details about benefits and specific compensation ranges during the hiring process. Learn more at http://www.gaig.com/careers.

• Excludes seasonal employees and interns.