Underwriter

Catalyst Pacific Inc.; Baltimore (MD); On-site; USD 75,000 - 104,000; Full time

Benefits offered by this job

Health insurance

Retirement plan with employer matching

Professional development

Job summary

Catalyst Pacific Inc. seeks an experienced Underwriter to join our Baltimore, MD office. The role entails meticulous review of insurance applications, risk assessment, and premium determination to ensure appropriate coverage terms.

The position offers a competitive salary range and a comprehensive benefits package, including health insurance, retirement with employer matching, and professional development opportunities.

Qualifications

• Bachelor's degree in Insurance, Finance, or related field.
• Minimum of 3 years of experience in the insurance industry, preferably in underwriting.
• Strong knowledge of insurance laws, regulations, and risk management principles.
• Excellent analytical and problem-solving skills.

Responsibilities

• Review and assess insurance applications to determine risk and coverage eligibility.
• Develop and implement underwriting guidelines and standards.
• Conduct market research to identify trends and opportunities in the insurance sector.
• Collaborate with internal teams to ensure smooth underwriting processes.
• Provide expert advice to clients regarding insurance policies and coverage options.
• Monitor and analyze underwriting performance to identify areas for improvement.

Skills

Communication

Analytical skills

Underwriting software

Risk management

Education

Bachelor's degree in Insurance/Finance or related field

Tools

Underwriting software

Job description

Catalyst Pacific Inc. is seeking an Underwriter for its Baltimore, MD office. This full-time role offers a competitive salary range of $75,000 to $104,258 and a comprehensive benefits package.

The Underwriter's primary responsibility is to meticulously review and assess insurance applications, ensuring all necessary information is provided and accurately documented. This involves verifying the applicant's details, assessing their risk profile, and determining the most suitable coverage terms. Based on this evaluation, the Underwriter will set the appropriate premiums, taking into account various factors such as the type of insurance, the applicant's age, health status, and location. Additionally, the Underwriter will manage policy renewals, ensuring that policies are renewed on time and that any changes in the insured's circumstances are reflected in the policy terms. They will also handle customer inquiries, providing clear and accurate information about their policies and answering any questions they may have. Furthermore, the Underwriter will process insurance claims, reviewing them to determine their validity and the extent of coverage. This involves communicating with the policyholder, assessing the damage or loss, and coordinating with relevant parties to facilitate a smooth claims process.

You will work in a collaborative team environment within our Baltimore, MD office. The workplace is known for its culture of excellence and commitment to client service.

The salary range for this role is between $75,000 and $104,258 per year, providing a competitive compensation package. Employees can expect comprehensive health insurance coverage, including medical, dental, and vision plans. The role also offers a retirement plan with employer matching contributions, allowing for long-term financial security. Additionally, there are opportunities for professional development, such as workshops, training programs, and access to industry certifications, ensuring continuous growth and skill enhancement.

You must have a bachelor's degree in insurance, finance, or a related field. Experience in underwriting property and casualty insurance is required. Strong communication and analytical skills are essential.

What you will do:

• Review and assess insurance applications to determine risk and coverage eligibility.
• Develop and implement underwriting guidelines and standards.
• Conduct market research to identify trends and opportunities in the insurance sector.
• Collaborate with internal teams to ensure smooth underwriting processes.
• Provide expert advice to clients regarding insurance policies and coverage options.
• Monitor and analyze underwriting performance to identify areas for improvement.

What we need:

• A bachelor's degree in Insurance, Finance, or a related field.
• Minimum of 3 years of experience in the insurance industry, preferably in underwriting.
• Strong knowledge of insurance laws, regulations, and risk management principles.
• Excellent analytical and problem-solving skills.
• Proficiency in using insurance underwriting software and tools.
• Ability to work well under pressure and meet tight deadlines.