Underwriter II - Hospitality Umbrella

Distinguished Programs; United States; Remote; USD 75,000 - 95,000; Full time

Benefits offered by this job

Competitive salary

Summer Fridays

Great healthcare coverage

401k with 4% company match

Life, disability, and supplemental insurance

Growth and development opportunities

Wellness Benefits

Generous time off policy

Job summary

A leading insurance program company is seeking an Underwriter II for their Premier Hospitality UmbrellaProgram team. This remote role involves analyzing risks, negotiating with brokers, and ensuring compliance with underwriting guidelines. Candidates should possess a Bachelor's degree and a minimum of 5 years of commercial underwriting experience. In addition to a competitive salary between $75,000 - $95,000, the role offers numerous perks including comprehensive healthcare coverage, 401k matching, summer hours, and generous time-off policies.

Qualifications

• 5+ years of commercial underwriting experience.
• Analytical and quantitative skills including proficiency with Microsoft Excel.
• Strong verbal and written communication skills.

Responsibilities

• Analyze and evaluate applicants for proper risk selection.
• Negotiate pricing and coverage with brokers.
• Underwrite and document renewal policy transactions.

Skills

Commercial underwriting experience

Analytical and quantitative skills

Strong communication skills

Proficiency with Microsoft Excel

Organizational skills

Education

Bachelor’s degree or equivalent

Job description

Overview

Distinguished is a leading national insurance Program Manager providing specialized insurance programs to brokers and agents with specific expertise in Real Estate, Community Associations, Hospitality, Fine Art/Collectibles, Restaurants, Inland Marine, Executive Lines and Construction Professionals & Environmental. Distinguished partners with a select group of highly rated insurance companies to provide exclusive programs to our national network of 4,000 agencies and brokerages. You will have an opportunity to work with an energetic, passionate team that is committed to growth by helping our customers grow their business and building a best-in-class system, as well as a great place to work.

You will be an Underwriter II on the Premier Hospitality UmbrellaProgram team which specializes and serves a variety of hotels, casinos, and resorts. You will be responsible for renewals, pipeline management, risk selection, qualification, pricing within the program guidelines. This includes working and negotiating directly with brokers and carriers to ensure the accuracy of underwriting information, determining eligibility within program guidelines, and ensuring insurance files are well documented and servicing Broker\'s change requests.

Responsibilities

• Analyze and evaluate applicants to ensure proper risk selection.
• Negotiate pricing and coverage with brokers.
• Support the Product Manager with administration and monitoring of underwriting processes, guidelines, and applications.
• Adhere to rating rules with proper file documentation.
• Underwrite and document renewal policy transactions, including midterm servicing, within authority.
• Communicate with brokers to obtain information needed to underwrite risks, respond to questions, and address issues.
• Develop and maintain strong relationships and credibility with Sales Team.
• Gather competitor information and marketing intelligence to identify opportunities for improvements to products and pricing.
• Conduct regular audits.
• Participate in other company projects and new initiatives.
• Monitor data entry and processing to ensure data integrity.

Qualifications & Skills

• Bachelor’s degree or equivalent combination of education and experience.
• Minimum 5+ years of commercial underwriting experience (General Liability, Auto Liability, Umbrella coverages).
• Insurance license, AU, CIC, CPCU or comparable designations preferred.
• Analytical and quantitative skills, including proficiency with Microsoft Excel.
• Self-driven, detail oriented and organized. Organizational skills include time-management and prioritization.
• Strong verbal and written communication skills.
• Some travel required for team and broker meetings on a quarterly basis.

Location

This is a remote position.

Compensation and Perks

• $75,000 - $95,000 base salary plus bonus. Salary commensurate with knowledge, skills, experience, and geographic location
• Summer Fridays (Leave at 2:00PM all Fridays from Memorial Day to Labor Day).
• Great healthcare coverage including Medical, Vision, and Dental.
• 401k with 4% company match. Immediately 100% vested.
• Life, disability and supplemental insurance.
• Growth and development opportunities.
• Wellness Benefits including an Employee Assistance Program, Telemedicine, and Peloton App Digital Membership for 1 year (or if you have Peloton equipment, receive a 4-month waiver).
• Work/Life Balance with generous time off policy including PTO and paid holidays, Summer Hours, Dependent Daycare flexible spending account, paid parental leave, a commuter account, and a sabbatical every 7 years.

Core Values

Our Core Values define our business. At Distinguished Programs you will achieve goals focused in the best interest of our customer. INTEGRITY plays a crucial role in the way Distinguished does business. INNOVATION enables us to remain an industry trendsetter. You will be involved in projects that advance our products, processes, and people! You will collaborate with leaders in the organization and build RELATIONSHIPS with your colleagues, carriers and customers. Capitalize on your interests and strengths to drive an enrichment focused path allowing your determination to launch your career in an industry of endless opportunities. Bring your passion to the work you do, the people you impact and the success we ACHIEVE together. Acceptance and appreciation for diversity and inclusion are at our core.