Underwriter Trainee/Underwriter/Sr. Underwriter - Medical

Allied World; Chicago (IL); On-site; USD 70,000 - 110,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Disability insurance

Company-matched 401(k) plan

Group term life insurance

Annual incentive compensation rewards

Job summary

Allied World is seeking a skilled underwriter in Chicago, Illinois, to manage underwriting functions including review, pricing analysis, and compliance with guidelines. The role demands strong writing skills and the ability to work both independently and collaboratively.

With a preferred experience of 1-4 years, candidates should also demonstrate organizational skills and a willingness to travel. The salary range is between $70,000 and $110,000, with a comprehensive benefits package including health and dental insurance.

Qualifications

• 1-4 years underwriting experience preferred.
• Ability to change tasks quickly and think originally.
• Must work well in a group as well as independently.

Responsibilities

• Ensure compliance with underwriting guidelines and procedures.
• Conduct marketing meetings with brokers as directed.
• Provide reports as needed by senior staff.

Skills

Writing and communication skills

Organizational skills

Ability to work independently

Willingness to travel

Tools

Excel

Job description

Job Summary

Critically evaluate healthcare organizations’ operations, litigation experience and commitment to clinical risk management strategies in the delivery of medical services to patient population. Utilize underwriting tools, models, actuarial services, and risk management colleagues to determine appetite for risks, pricing and coverage offerings while meeting projected premium and profitability goals. Comply with divisional and corporate underwriting guidelines, administrative standards and time service standards.

Job Duties and Responsibilities

• Compliance with underwriting guidelines, systems and procedures
• Perform general underwriting functions including underwriting submission review, pricing analysis, setting of terms and conditions, and quote/binder/invoice authorizations
• Work within authority and receive proper approval from regional manager as necessary
• Liase with Claims Department on any specific claims activity and overall market claims concerns, which could potentially affect profitability
• Achieve compliance with all underwriting and administrative guidelines consistent with Internal Audit department procedures
• Conduct marketing meetings with brokers as directed by the regional manager
• Attend client/broker meetings, lunches, dinners and other social outings as applicable
• Follow treaty and facultative reinsurance protocols as required
• Stay current with respect to major industry issues and developments
• Provide specific reports as needed by senior staff
• Other duties as assigned

Requirements

• Solid writing and communication skills
• 1-4 years underwriting experience preferred
• Organizational skills and ability to change tasks quickly
• Ability to work independently as well as in a group setting
• Willingness to travel
• Must be able to think originally, be willing to challenge ideas and be receptive to having their own ideas challenged
• Working understanding of Excel or a quick study

Salary

Salary range: $70,000 – $110,000.

Benefits

Health, dental and disability insurance; company‑matched 401(k) plan; group term life insurance; annual incentive compensation rewards.

EEO Statement

Allied World is an Equal Opportunity Employer. All qualified applicants will be considered for employment without consideration of any disability, veteran status or any other characteristic protected by law.