Sr Production Underwriter

UFG Insurance; Chicago (IL); Hybrid; USD 103,000 - 136,000; Full time

Job summary

UFG Insurance is seeking a Sr. Production Underwriter to lead middle market underwriting in the Great Lakes Region. You will underwrite complex new and renewal business, manage agency relationships, and drive profitable portfolio growth while collaborating with cross-functional teams.

The role supports a remote work setting with preference for candidates residing in the Chicago metropolitan area. AU/CIC/CPCU designations are a plus, and 5+ years of commercial lines underwriting are desired.

Qualifications

• Four-year college degree preferred.
• Completion of or working towards AU, CIC and/or CPCU designations preferred.
• 5+ years commercial lines underwriting experience preferred.

Responsibilities

• Profitably underwrite complex new and renewal business through risk selection, pricing, and account management.
• Demonstrate critical thinking in assessing risk and identifying exposures and controls.
• Price risk commensurate with exposures and controls.
• Set appropriate terms and conditions to deliver a profitable portfolio.
• Document assigned files with underwriting thought process and serve as SME for complex risks.
• Achieve production goals within assigned territory and develop a strong pipeline of new business.
• Represent UFG in the marketplace, articulating underwriting capabilities across units.
• Collaborate with internal partners to ensure optimal stakeholder management.

Skills

Advanced risk evaluation

Underwriting strategy execution

Leadership/mentoring

Customer service excellence

Stakeholder management

Communication/negotiation

Time management

Agency market knowledge

Sales and portfolio growth

Education

Four-year college degree

AU/CIC/CPCU designations preferred

Job description

UFG is looking for a Sr. Production Underwriter to join our Great Lakes Region in a multi-line, multi-industry opportunity. In this role you will be responsible for attracting and underwriting middle market business, deploying effective account management while fostering strong working relationships with agency partners. This role executes underwriting strategy to achieve profit and premium plans. The Sr. Production Underwriter will handle a renewal book in their territory as assigned. This role assists with the resolution of escalated issues, and mentors and coaches team members. While this is a remote work opportunity, the ideal candidate should reside in the Chicago metropolitan area.

Responsibilities

• Profitably underwrite complex new and renewal business through risk selection, pricing, contractual integrity, and account management, in accordance with delegated authority, and ensuring regulatory compliance.
  • Demonstrate critical thinking in assessing the risk and identifying exposures and controls.
  • Price risk commensurate with exposures and controls.
  • Set appropriate terms and conditions to deliver a profitable portfolio
  • Document assigned files with underwriting thought process.
  • Serve as a subject matter expert to assist team members with complex risks.
• Through effective portfolio management skills, achieve profit and premium plans for prescribed business unit strategies.
• Achieve production goals within assigned territory
  • Responsible for marketing, which includes both in-person and virtual sales calls with agencies and insureds.
  • Prospecting and developing a strong pipeline of new business opportunities.
  • Develop and maintain successful relationships with producers and agencies.
• Represent UFG in the marketplace, articulating the company’s capabilities in underwriting, risk control, and claims, across all business units at UFG.
• Collaborate with Business Unit and Line of Business underwriting, Sales and Distribution, Underwriting Center, Underwriting Support, Risk Control, Legal, Claims, and other internal partners to ensure optimal stakeholder management.
• Complete agency reviews, capturing appropriate intel around market opportunities. Provide feedback to management on the current state of the marketplace, agencies, and competition.
• Mentor and train team members, acting as a resource for the team to answer questions, resolve escalated issues, and provide guidance.
• Represent the field underwriter perspective in key corporate initiatives and projects.
• Support and participate in the deployment of technical underwriting training/content.

Qualifications

Education

• Four-year college degree preferred.
• Completion of or working towards AU, CIC and/or CPCU designations preferred.

Experience

• 5+ years commercial lines underwriting experience preferred.

Knowledge, Skills & Abilities

• Advanced risk evaluation skills and insurance contract knowledge.
• Capability to execute current underwriting strategy for assigned territory to make effective underwriting decisions.
• Strong leadership skillset to include ability to mentor, coach, and train.
• Ability to work in a fast-paced environment while prioritizing and completing work efficiently and effectively.
• Excellent customer service skills.
• Effective stakeholder management skillset to include ability to establish high degree of trust with internal and external partners.
• Analytical and problem-solving skills with an affinity for detailed accuracy.
• Advanced communication and negotiation skills.
• Strong time-management skills with the ability to meet deadlines and effective dates.
• Advanced knowledge of agency force and current market environment.
• Excellent sales skills, with proven track record of growing a profitable book of business.

Working Conditions

• General office conditions; remote, in-person, and hybrid options determined by manager.
• Travel required, as per assigned book of business and territory.
• Driver’s license and acceptable MVR required.

Pay Transparency Statement

UFG Insurance is committed to fair and equitable compensation practices. The base salary range for this position is $103,221.75 – $136,105.25 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
• Medical, dental, vision & life insurance
• 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.