Underwriter

Pioneer Valley Solutions; Milwaukee (WI); On-site; USD 70,000 - 91,000; Full time

Benefits offered by this job

Health insurance

401(k) match

Tuition reimbursement

Job summary

Pioneer Valley Solutions in Milwaukee, WI is hiring an Underwriter for a full-time role evaluating insurance policy risks and ensuring regulatory compliance. The position involves decision-making to safeguard clients and the company, analyzing applications, and maintaining records while collaborating with internal teams.

Qualified candidates should hold a bachelor's degree in finance, insurance, or a related field with 3-5 years underwriting experience and strong analytical and communication

Qualifications

• Bachelor's degree in Insurance, Risk Management, Finance, or a related field.
• 3-5 years of experience in the insurance industry, with a focus on underwriting.
• Strong knowledge of insurance regulations, laws, and industry best practices.
• Excellent analytical and problem-solving skills, with the ability to make sound judgments based on incomplete or ambiguous information.
• Strong communication and interpersonal skills, with the ability to work effectively with clients, colleagues, and other stakeholders.
• Proficiency in Microsoft Office Suite, including Excel and Word, as well as other relevant software tools.

Responsibilities

• Evaluate and assess insurance applications to determine the risk and potential liability associated with each policy.
• Review and analyze policyholder information, including credit reports, claims history, and other relevant data, to make informed underwriting decisions.
• Ensure compliance with all state and federal insurance regulations, as well as company underwriting guidelines.
• Collaborate with internal teams, including claims, actuarial, and marketing, to provide input on underwriting strategies and policy development.
• Maintain and update underwriting guidelines and procedures to reflect changes in the market and regulatory environment.
• Provide guidance and support to insurance agents and brokers in the underwriting process, ensuring a smooth and efficient experience for our clients.

Skills

Analytical skills

Communication skills

Regulatory knowledge

Education

Bachelor's degree in Insurance, Risk Management, Finance, or related field

Tools

Excel

Word

Job description

Pioneer Valley Solutions, a prominent financial services company, is hiring an Underwriter in Milwaukee, WI. This full-time position involves evaluating insurance policy risks, ensuring regulatory compliance, and making decisions to safeguard clients and the company.

As an Underwriter, you will assess risks, analyze policy applications, and make underwriting decisions. You will also maintain accurate records, communicate with clients, and collaborate with internal teams to ensure smooth operations.

You will work in a supportive and collaborative environment with a team of professionals in Milwaukee, WI. Pioneer Valley Solutions values diversity and inclusion, providing opportunities for growth and development.

To be successful in this role, you should have a bachelor's degree in finance, insurance, or a related field. Experience in underwriting, risk assessment, and regulatory compliance is required. Strong analytical and communication skills are essential.

Salary & Benefits

The salary range for this role is between $70,000 and $91,266 per year, providing a competitive compensation package.

• Employees can expect comprehensive health insurance coverage, including medical, dental, and vision plans, as well as life insurance options.
• The retirement plans offer a 401(k) match, which can significantly boost an employee's savings over time.
• Additionally, professional development opportunities are available, such as tuition reimbursement for further education or certifications, and access to online learning platforms and workshops.

These benefits aim to support the overall well-being and career growth of the employees.

Key Responsibilities

• Evaluate and assess insurance applications to determine the risk and potential liability associated with each policy.
• Review and analyze policyholder information, including credit reports, claims history, and other relevant data, to make informed underwriting decisions.
• Ensure compliance with all state and federal insurance regulations, as well as company underwriting guidelines.
• Collaborate with internal teams, including claims, actuarial, and marketing, to provide input on underwriting strategies and policy development.
• Maintain and update underwriting guidelines and procedures to reflect changes in the market and regulatory environment.
• Provide guidance and support to insurance agents and brokers in the underwriting process, ensuring a smooth and efficient experience for our clients.

Qualifications

• Bachelor's degree in Insurance, Risk Management, Finance, or a related field.
• 3-5 years of experience in the insurance industry, with a focus on underwriting.
• Strong knowledge of insurance regulations, laws, and industry best practices.
• Excellent analytical and problem-solving skills, with the ability to make sound judgments based on incomplete or ambiguous information.
• Strong communication and interpersonal skills, with the ability to work effectively with clients, colleagues, and other stakeholders.
• Proficiency in Microsoft Office Suite, including Excel and Word, as well as other relevant software tools.