Underwriter II

Amynta Group; United States; Remote; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a detail-oriented Underwriter II to join their dynamic team. This role is pivotal in underwriting, maintaining, and growing the Ambridge portfolio, ensuring compliance with regulatory guidelines while fostering strong client relationships. The ideal candidate will possess a Bachelor's degree or CPCU, alongside a robust understanding of the US insurance landscape. This is an exciting opportunity to contribute to a forward-thinking company that values integrity and innovation in risk management, making a real impact in the industry.

Qualifications

• Strong educational qualifications with a Bachelor’s degree or CPCU.
• Broad knowledge of US E&S/Admitted Insurance property classes.

Responsibilities

• Underwrite and maintain the Ambridge portfolio according to business plans.
• Manage the underwriting cycle and assist in pricing discussions.

Skills

Analytical Skills

Interpersonal Skills

Communication Skills

Judgment

Organizational Skills

Advanced IT Proficiency

Education

Bachelor’s Degree

CPCU

Tools

Underwriting Systems

Job description

We’re thrilled that you are interested in joining us here at the Amynta Group!

Job Description

Purpose of the Job: Responsible for producing, underwriting, and retaining profitable business for the company. The Underwriter II position involves underwriting, maintaining, and growing the Ambridge portfolio in accordance with the business plan, strategy, authority levels, and regulatory environment. This position reports directly to the Vice President for the west region of GL.

Essential Duties and Responsibilities:

1. Underwrite, maintain, and grow the Ambridge portfolio in accordance with the business plan, strategy, authority levels, and regulatory environment.
2. Exhibit technical expertise by servicing new and existing clients through cross-selling opportunities, account development, execution of client requests, and problem solving based on Ambridge core values and standards.
3. Manage the entire underwriting cycle for individual accounts and assist in the preparation and calculation of underwriting figures for the Business Plan.
4. Gather and evaluate relevant underwriting and risk information independently; communicate findings and analysis to key staff and management.
5. Initiate pricing discussions on new and renewal accounts; liaise with Actuarial and management to ensure competitive and profitable pricing.
6. Negotiate and commit underwriting capacity financial arrangements in the best interest of the company, ensuring business is within underwriting capacity.
7. Advise clients on policy coverages and policy contract wording.
8. Ensure all submissions comply with regulatory guidelines.
9. Participate in discussions on risks written by other offices within Ambridge.
10. Establish and maintain knowledge of internal controls and procedures related to underwriting.
11. Identify and raise issues with in-force accounts/risks; liaise with claims, legal, and loss control disciplines; recommend solutions to mitigate risks.
12. Construct bespoke policy wordings and endorsements; recommend changes to terms and conditions when appropriate.
13. Conduct research on specific accounts as needed.
14. Travel to and lead or participate in client meetings, balancing costs with business needs.
15. Maintain key client relationships critical to ongoing business success.
16. Encourage dialogue with market practitioners to gain market insights.
17. Identify exposure to loss and recommend appropriate pricing and coverages.
18. Participate in hiring, training, and developing additional staff as needed.
19. Work with leadership to identify improvements, create efficiencies, and improve margins.
20. Ensure renewal expirations are managed to avoid coverage lapses.
21. Investigate and reconcile financial inquiries related to policies.
22. Contribute to research and development of new business.
23. Prepare data for company reports and accounts.
24. Accurately record risk, premiums, claims exposures, and aggregates for timely reporting.
25. Present risks written at Referral and Peer Review meetings, articulating analytical underwriting decisions.

Regulatory Conduct Rules

1. Act with integrity.
2. Act with due skill, care, and diligence.
3. Be open and cooperative with regulators.
4. Pay regard to customer interests and treat them fairly.
5. Observe proper market conduct standards.

Education, Qualifications, Knowledge, Skills, and Experience

Candidates should have strong educational qualifications, progressing toward or holding a Bachelor’s degree, CPCU, or relevant insurance qualifications. They should possess broad knowledge of US E&S/Admitted Insurance property classes, understanding of the US legal and regulatory environment, and awareness of market trends. Skills required include independent judgment, interpersonal and communication skills, analytical and numerical skills, advanced IT proficiency, organizational skills, and relevant underwriting experience within general or commercial insurance. Experience with underwriting systems is also necessary.

Equal Employment Opportunity

The Amynta Group is committed to Equal Employment Opportunity and does not discriminate based on protected grounds. We collect information solely for employment suitability, identity verification, and statistical purposes. Applicants with disabilities may request reasonable accommodations during the recruitment process. Please inform our personnel if accommodations are needed.

About the Company

From warranty and specialty risk offerings to managing general agents, our collection of firms provides reliable risk management services you can count on.