Specialty Underwriter

UFG Career; United States; Remote; USD 100,000 - 135,000; Full time

Job summary

UFG Insurance seeks a Specialty Underwriter to join our team. You will develop and maintain a profitable mix of new and existing business (target at least $3 million annually) by building broker relationships and applying strong analytical risk assessment.

The role requires evaluating submissions, determining acceptability within underwriting guidelines, and meeting production and profitability goals. Travel up to 25% to broker meetings and sites is expected.

Qualifications

• Must have analytical skills to evaluate risks and determine acceptability within underwriting policies.
• Experience in underwriting and risk assessment within Specialty lines is preferred.

Responsibilities

• Evaluate, investigate, and analyze risks including review of applications, loss experience, loss control reports, and appetite guides.
• Underwrite new submissions and existing accounts within authority; gather financial and organizational information to assess risk.
• Review and approve or decline premium bearing endorsement requests; consult with other underwriters as needed.
• Create and maintain records of communications and file documentation.
• Determine rating classifications and complete account summaries for file documentation and operational efficiency.
• Meet production, marketing, and profitability goals.
• Negotiate and place facultative reinsurance when required.
• Provide high quality customer service in all interactions with internal and external customers.
• Build relationships with the brokerage community to support Specialty underwriting.
• Stay current on industry information, trends, and regulatory changes.

Education

High School diploma or equivalent

Bachelor’s degree in Risk Management, Finance, or Economics preferred

ASLI designation

CPCU designation

Job description

UFG Specialty is growing and we are looking for a Specialty Underwriter to join the team! Within assigned authority, you will actively work towards building and maintaining a profitable mix of new and existing business of at least $3 million annually by developing and maintaining working relationships with brokers and demonstrating strong analytical skills to evaluate risks for acceptability. Underwriters are expected to maintain a maximum combined ratio of 90% for the Specialty division and visit appointed brokers to continue strengthening marketing techniques and relationships.

Responsibilities:

• Successfully evaluate, investigate, and analyze risks including review of applications, loss experience, loss control reports, Specialty’s appetite guide, research the Internet and Reference Connect. May consult with other underwriters.
• Underwrite new submissions and existing accounts. Gather information regarding financial status, credit standing, and organization profile to evaluate and recommend acceptability of the risk within framework of Specialty underwriting policies and procedures.
• Review and approve or decline premium bearing endorsement requests. May consult with other underwriters.
• Create record of communications concerning activities and document in file per department standards.
• Determine appropriate rating classifications, complete account summaries and file documentation, and perform operational efficiencies.
• Meet increased production, marketing, and profitability goals.
• Negotiation and placement of facultative reinsurance where required.
• Provide high quality customer service in all interactions with internal and external customers.
• Correspond, network, and build relationships with the brokerage community that supports Specialty.
• Stay current on industry information regarding trends, competition, pertinent laws and legal occurrences, etc.

Qualifications:

Education:

• High School diploma or equivalent.
• Bachelor’s degree with a concentration in Risk Management, Finance, or Economics preferred.

Certifications/Designations:

• Must have a valid and current drivers’ license and must have acceptable driving record in accordance with Company practice.
• Employees are expected to participate in continuing education throughout their careers.
• Certified or working towards ASLI and CPCU designation.

Experience:

• 3+ years’ experience in Excess & Surplus lines underwriting or 5+ experience in commercial standard lines underwriting preferred.

Working Conditions:

• General office environment.
• Up to 25% of travel is required to broker v Overnight trips included.
• May be exposed to weather conditions and resulting environmental conditions during visits of job sites.

Pay Transparency Statement:

UFG Insurance is committed to fair and equitable compensation practices. The base salary range for this position is $100,000 - $135,000 annually, which represents the typical range for new hires in this role. Individual pay within this range will be determined based on a variety of factors, including relevant experience, education, certifications, skills, internal equity, geography and market data.

In addition to base salary, UFG Insurance offers a comprehensive total rewards package that includes:

• Annual incentive compensation
• Accident, critical Illness & short-term disability insurance
• Retirement plans with employer contributions
• Generous time-off program
• Programs designed to support the employee well-being and financial security.

This pay range disclosure is provided in accordance with applicable state and local pay transparency laws.

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.