Underwriter - Alternative Markets

Coverys, Inc.; Northern (KY); Hybrid; USD 82,000 - 138,000; Full time

Job summary

Coverys, Inc. is seeking an experienced Underwriter to oversee medical professional liability underwriting with a global perspective and to build a profitable book of business focusing on groups and facilities.

The role requires strong leadership, cross-functional collaboration, and the ability to communicate underwriting decisions clearly. Base salary is disclosed, with compensation packages varying by location and experience.

Qualifications

• Bachelor’s Degree or equivalent combination of education and experience is necessary.
• CPCU and/or RPLU studies are preferred.
• Active Property and Casualty Producers license.
• 4+ years of Medical Professional Liability underwriting required.
• Strong producer relationships are preferred.
• Ability to read, analyze, and interpret general business materials and regulations.
• Ability to write effective reports, business correspondence, and procedure manuals.
• Ability to present information clearly to groups of managers, clients, customers, and the public.
• Proficiency with Microsoft Office and ability to learn new software.

Responsibilities

• Analyzes information to decide on account acceptance or declination and determine classification.
• Approves applications, renewals, and endorsements within authority.
• Determines rating plans and accurately calculates premiums.
• Communicates underwriting decisions effectively and documents them.
• Manages assigned territory within guidelines and meets financial objectives.
• Develops relationships with agent/broker partners through efficient communication.
• Leads training sessions on underwriting processes as needed.
• Keeps knowledge of competitive landscape for pricing and products.
• Participates in presentations to current and prospective insureds.
• Performs other duties and special projects; researches healthcare and insurance trends.

Skills

Analytical thinking

Report writing

Presentation skills

Communication

Education

Bachelor’s Degree or equivalent

CPCU/RPLU studies preferred

Tools

Microsoft Office

Job description

The Underwriter demonstrates a global perspective, uses extensive knowledge and experience to underwrite medical professional liability insurance, focused primarily on groups and facilities, to develop a book of business that will achieve production and profitability goals. Supports underwriting function through leadership, collaboration and innovation. Leadership is demonstrated through encouraging the development of colleagues, championing the goals and initiatives of the organization and exhibiting a high maturity in their internal and external interactions. Effectively facilitates cross functional collaboration by involving all stakeholders in the decision making process. Exhibits openness to constructive feedback and encourages teamwork. Makes recommendations to Underwriting management to promote operational efficiency and effectiveness.

Essential Duties & Responsibilities

Analyzes pertinent information and exposures necessary to make decisions on account acceptance or declination and determine proper classification. Approves applications, renewals, and endorsements within authority level. Determines appropriate rating plan and accurately calculates premiums for presented risks. Effectively communicates and accurately documents underwriting decisions. Manages assigned territory within company guidelines and compliance while meeting company financial objectives. Develops and fosters relationships with agent broker partners through effective and efficient communication. Coordinates and leads training sessions as needed on the underwriting processes. Maintains knowledge of competitive landscape with regards to pricing and product offerings of competitors within assigned territory. Actively participate in presentation to current and prospective insureds. Performs other duties and special projects as assigned. Researches healthcare and insurance trends.

Education, Requirements & Competencies

Bachelor’s Degree or equivalent combination of education and experience is necessary. CPCU and/or RPLU studies are preferred. Active Property and Casualty Producers license 4+ years of Medical Professional Liability underwriting required. Candidates with strong producer relationships are preferred. Ability to develop familiarity with a wide variety of healthcare facilities, the services they provide, as well as the regulatory, legislative, legal and economic factors that affect them. Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, governmental regulations, underwriting guidelines and manuals, bylaws, financials, articles of organization, loss runs, Joint Commission reports and other industry reports. Ability to write effective reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public. Proficiency with Microsoft Office. Ability to learn the use of new software applications as required.

Base salary range is $81,665 - $137,535. Individual compensation packages are based on a variety of factors that are unique to each candidate including location, skill set, experience, qualifications and education.

If you're a caring and customer focused individual who enjoys working with passionate team members, Coverys is the right company for you! They say an organization is only as good as its people. Here at Coverys, we believe that our employees are our most valuable asset. Each of our positions is thoughtfully crafted to ensure alignment with our mission, and every opportunity to join our team is an opportunity to support and protect the healthcare community. Our open positions offer you the chance to join a team of compassionate, dedicated, and resilient employees who are committed to becoming the best in the business. We are an organization committed to growth and professional development, keeping up to date with changes in the healthcare industry to ensure we're providing our insureds with the best possible support. All the while, we are committed to our employees and listen to the needs of our internal talent.

Our benefits package is available day 1 of employment, so you never miss a beat. There is truly something for everyone in our benefits package, whether you are raising a family or a furry friend, or you're an avid traveler who uses PTO to chase down your next adventure. The important work done by Coverys employees is not limited to what's done at our desks. Throughout the year, we provide ample opportunities to get involved in our local communities. We get involved, we raise money, and we give back. Connecting with colleagues takes on new meaning when you're elbow-deep planting trees or rolling up your sleeves serving lunch to those in need. The giving doesn't end there—Coverys cares about the initiatives near and dear to your heart. That's why we offer directed donations, as well as company matchings, to support the organizations that you are personally involved with.

Coverys is a dynamic organization, with opportunities to join our team across the US, as well as internationally in the UK and Ireland.

Coverys is an equal-opportunity employer. Coverys’ job openings are open to all without regard to race, color, national origin, gender, gender identity, religion, age, height, weight, disability, political beliefs, sexual orientation, marital status, family status, or veteran status.