Sr. Underwriter - E&O

Core Specialty Insurance Holdings, Inc.; Chicago (IL); On-site; USD 90,000 - 110,000; Full time

Job summary

A leading insurance company is seeking a Sr. Underwriter - E&O to join their team in Chicago. The role involves evaluating risks, providing excellent customer service, and ensuring underwriting decisions align with company standards. Applicants should have experience in the LPL marketplace and strong technical knowledge of underwriting practices. Competitive salary and benefits provided.

Benefits

Medical, dental, and vision insurance

Company match 401(k) plan

Employee Assistance Plan

Health Savings Account

Flexible Spending Account

Wellness program

Qualifications

• 4+ years in the LPL marketplace or equivalent E&O Underwriting experience.
• Strong knowledge of targeted industries.
• Up-to-date knowledge of the insurance market environment.

Responsibilities

• Examine submissions to determine risk and appropriate pricing.
• Build relationships with broker partners and ensure customer service.
• Document underwriting activities in accordance with company policies.

Skills

Knowledge of LPL underwriting practices

Strong Proficiency with Microsoft Office products

Strong knowledge of insurance company operations

Job description

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Examination & analyzing of submissions forwarded to Core Specialty by broker partners to determine if the risk is a targeted class of business and subsequently to determine appropriate limits, pricing & terms that will provide Core Specialty with adequate underwriting profit on each risk.

Key Accountabilities/Deliverables:

• Execution of Miscellaneous Lawyers Professional Liability (LPL) business plans and objectives including:
• Build Core Specialty’s reputation and presence in the professional liability market
• Provide prompt and accurate customer service on policy transactions
• Ensure all risks considered and bound are within delegated authority, underwriting standards, risk selection, peer review and pricing methodologies
• Provide documented evidence of underwriting activities and decisions in files as required
• Support Company and Department goals and objectives
• Build Core Specialty’s relationships with our broker partners
• In addition to the above key responsibilities, you may be required to undertake other duties from time to time as the Company may reasonably require.
• Carry out duties within our internal policies and procedures in accordance with applicable law, rules, regulation, good governance and Core Specialty’s shared values, including putting clients at the heart of our business.
  
  

Technical Knowledge and Understanding:

• Strong knowledge of LPL underwriting industry
• Knowledge of LPL underwriting practices, coverage & pricing/rating methodologies with the ability to manuscript policy language.
• Strong knowledge of producer & competitor marketplace
• Strong knowledge of targeted industries
• Strong knowledge of insurance company operations
• Solid understanding of policy wordings and clauses
• Up-to-date knowledge of the insurance market environment
  
  

Experience:

• 4+ years in the LPL marketplace or equivalent E&O Underwriting experience.
• Experience working with support services, including IT, claims, actuarial and operations
• Strong Proficiency with Microsoft Office products (Excel, Word, PowerPoint)
  
  

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa for this position.

At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Insurance

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