Underwriter, Inland Marine

Ascot Group; Chicago (IL); On-site; USD 115,000 - 140,000; Full time

Benefits offered by this job

Health insurance

Dental coverage

Vision coverage

401k retirement plan

Paid holidays

Paid Time Off

Job summary

Ascot Group, based in Chicago, is seeking an Underwriter for Inland Marine to drive profitable growth with brokers. The role involves underwriting decisions within company guidelines and developing business relationships.

Qualified candidates should have a Bachelor's degree and at least 2 years of experience in underwriting Inland Marine products. The position offers a salary range of $115,000 to $140,000 with a comprehensive benefits package.

Qualifications

• Minimum of 2 years of experience underwriting Inland Marine insurance products.
• Ability to effectively interact with all levels of customers.
• Proven marketing and negotiation skills.

Responsibilities

• Responsible for underwriting Inland Marine within the appetite developed by our team.
• Selects risks, evaluates, and recommends program structure.
• Establishes and maintains business relationships.

Skills

Marketing skills

Negotiation skills

Communication skills

Interpersonal skills

Time management

Collaboration

Education

Bachelor’s Degree

Job description

This is an opportunity to join Ascot Group - one of the world’s preeminent specialty risk underwriting organizations.

Designed as a modern-era company operating through an ecosystem of interconnected global operating platforms, we’re bound by a common mission and purpose: One Ascot. Our greatest strength is a talented team who flourish in a collaborative, inclusive, and entrepreneurial culture, steeped in underwriting excellence, integrity, and a passion to find a better way, The Ascot Way.

The Ascot Way guides our people and our organization. Our underwriting platforms collaborate to find creative ways to deploy our capital in a true cross-product and cross-platform approach. These platforms work as one, deploying our capital creatively through our unique Fusion Model: Client Centric, Risk Centric, Technology Centric.

Built to be resilient, Ascot maximizes client financial security while delivering bespoke products and world-class service — both pre- and post-claims. Ascot exists to solve for our clients’ brightest tomorrow, through agility, collaboration, resilience, and discipline.

Position Overview

The Underwriter, Inland Marine will be responsible for driving profitable growth with retail and wholesale brokers. This position will collaborate with the broader Marine team. We are looking for a candidate who is highly motivated, and results-oriented with solid business and

Responsibilities

• Responsible for underwriting Inland Marine within the appetite developed by our team.
• Independently works to appropriately select risks, evaluate, and recommend program structure, services, and pricing to achieve a balanced portfolio and long-term profitability
• Establishes and maintains business relationships to develop new opportunities as well as visits insured and brokers/ producers to retain existing accounts in support of the producer and territory management plan
• Independently reviews engineering information to assess risk quality and compliance within company guidelines and initiates appropriate loss prevention actions
• Adheres to CAT guidelines and underwriting discipline to minimize exposure and appropriately price
• Manages assigned portfolio to achieve gross written premium, profitability, rate, retention, product mix, new business and portfolio management goals
• Evaluates reinsurance requirements and implements appropriate action
• Communicates and collaborates across disciplines to establish and maintain relationships to achieve organizational and policyholder success
• Shares underwriting expertise with underwriters at all levels
• Commit to The Ascot Way: Embody The Ascot Way in their daily interaction with colleagues, fostering colleague engagement and development, collaboration, inclusivity, and individual accountability.

Requirements

• A minimum of 2 years of experience underwriting Inland Marine insurance products
• Must have the ability to effectively interact with all levels of customers and collaborate with a team of underwriters, claims, and loss control
• Must have proven marketing and negotiation skills
• Strong communication, interpersonal, and time management skills
• Highly collaborative
• Bachelor’s Degree

Compensation

Actual base pay could vary and may be above or below the listed range based on factors including but not limited to experience, subject matter expertise, and skills. The base pay is just one component of Ascot’s total compensation package for employees. Other rewards may include annual cash bonus and other forms of discretionary compensation awarded by the Company.

The annualized base pay range for this role is: $115,000 - $140,000.

Benefits

The Company provides a competitive benefits package that includes the following (eligibility requirements apply): Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Life Insurance, AD&D, Work/Life Resources (including Employee Assistance Program), and more.

Leave Benefits: Paid holidays, annual Paid Time Off (includes paid state /local paid leave where required), Short-term Disability, Long-term Disability, Other leaves (e.g., Bereavement, FMLA, Adoption, Maternity, Military, Primary & Non-Primary Caregiver).

Retirement Benefits: Contributory Savings Plan (401k).