Technical Contract Surety Underwriting Manager - Northeast Territory

RLI Insurance Company; United States; Hybrid; USD 108,000 - 157,000; Full time

Benefits offered by this job

Paid time off

Hybrid work arrangements

Employee stock ownership plan (ESOP)

Health, dental & vision benefits

Job summary

RLI Insurance Company in the United States is seeking an experienced underwriting professional to support the administration of our underwriting structure, underwrite and monitor accounts, and develop a marketing plan. You will perform risk analysis, rate, quote, and bind new submissions, with ownership over reviewing complex profit sources.

The role emphasizes building strong relationships with agents and reinsurers, reviewing submissions and pricing models, and contributing to a profitable

Qualifications

• Typically requires a bachelor's degree in insurance, finance, risk management, business or a related field.
• Minimum of 7+ years of related experience for consideration.

Responsibilities

• Analyze, rate, quote, and bind high-risk submissions.
• Build relationships with agents and reinsurers.
• Review complex submissions and pricing models.
• Select appropriate risks to optimize profit.
• Assist with special projects as needed.

Skills

UW judgement

Loss rating understanding

Profit & pricing knowledge

Audits documentation

Education

Bachelor's degree in Insurance/Finance/Risk Mgmt/Business

7+ years related experience

Job description

About Us

We're not like other insurance companies. From our specialty products to our business model, our culture to our results - we're different. Different is who we are, and how we work, interact, deliver and succeed together. Creating a different and better insurance experience doesn't just happen. It takes focus and a shared passion for going beyond the expected to forge relationships and deliver care that makes a difference. This approach rises from and is supported by our talented, ethical and smart team of employee owners united around a single purpose: to work alongside our customers and partners when they need us, in unexpected ways, with exceptional results.

RLI is a Glassdoor Best Places to Work company with a strong, successful background. For decades, our financial track record has been stellar - a testament to our culture and validation of our reputation as an excellent underwriting company.

Position Purpose

Under general oversight, support the administration of the company's underwriting structure. Underwrite and monitor accounts and account lines. Develop and execute a marketing plan. Perform and monitor the risk analysis. Analyze, evaluate, accept, decline, rate, quote, and bind new submissions. Has greater ownership and accountability over the review of complex sources of profit and selecting appropriate risks.

Principal Duties & Responsibilities

• Analyze, evaluate, accept, decline, rate, quote, and bind new or renewal submissions with high premium or risk exposure.
• Build strong relationships between agents, reinsurers, and contacts.
• Review complex submissions, account losses, pricing models, and profitable premiums.
• Review complex sources of profit by selecting appropriate risks.
• Assist with special projects or other duties as needed.

Education & Experience

Typically requires a bachelor's degree in insurance, finance, risk management, business or a related field

Minimum of 7+ years of related experience for consideration

[OR] equivalent level of education and experience

Knowledge, Skills, & Competencies

• Ability to know proper sign off & correct UW judgement in most cases.
• Possess a thorough understanding of the internal processes of the product and displayed understanding of loss rating/credibility.
• Working toward building and maintaining a profitable book of business.
• Consistent display of complete/organized files at audits and documentation is at a level that judgement/pricing is easily understood by anyone's review.
• Shown initiative and work ethic that demonstrates a higher level of understanding and commitment to the underwriting process.
• Building and maintaining their own profitable book of business.

Compensation Overview

The base salary range for the position is listed below. Please note that the base salary is only one component of our robust total rewards package at RLI. The salary offered will take into account a number of factors including, but not limited to, geographic location, experience, scope & responsibilities of the role, qualifications/credentials, talent availability & specialization, as well as business needs. The below range may be modified in the future.

Base Pay Range$107,960.00 - $157,352.00

Total Rewards

At RLI, we're all owners. We hire the best and the brightest employees and allow them to share in the company's success through our Total Rewards. With the Employee Stock Ownership plan at its core, the Total Rewards program includes all compensation, benefits and perks that come with being an RLI employee.

Financial Incentives

• Annual bonus plans
• Employee stock ownership plan (ESOP)
• 401(k) - automatic 3% company contribution
• Annual 401k and ESOP profit-sharing contributions (Up to 15% of eligible earnings)

Work & Life

• Paid time off (PTO) and holidays
• Paid volunteer time off (VTO) to support our communities
• Parental and family care leave
• Flexible & hybrid work arrangements
• Fitness center discounts and free virtual fitness platform
• Employee assistance program

Health & Wellness

• Comprehensive medical, dental and vision benefits
• Flexible spending and health savings accounts
• 2x base salary for group life and AD&D insurance
• Voluntary life, critical illness, & accident insurance for purchase
• Short-term and long-term disability benefits

Personal & Professional Growth

RLI encourages its employees to pursue professional development work in insurance and job-related areas. We make a commitment to employees to provide educational opportunities that help them enhance their skills and further their career advancement. RLI fosters a true learning culture and encourages professional growth through insurance courses, in-house training and other educational programs. RLI covers the cost for most programs and employees typically earn a bonus upon successful completion of approved courses and certifications. Our personal and professional growth benefits include:

• Training & certification opportunities
• Tuit