Underwriting Specialist

ONE80 INTERMEDIARIES INC; Sparks Corner (MD); On-site; USD 51,800 - 85,000; Full time

Job summary

Oxford Risk Management Group is seeking an Underwriting Specialist to join our team in a small, mission-driven environment. You will analyze P&C policies for gaps, review loss runs, and discuss uninsured risks with clients to obtain necessary data for pricing.

The role requires more than five years of underwriting experience, a bachelor’s degree, and the ability to work independently while handling confidential information with discretion.

Qualifications

• Bachelor’s degree required
• 5+ years of underwriting experience required
• 2+ years reviewing commercial property & casualty policies & servicing claims required
• P&C license or industry designation preferred
• P&C background reviewing policies to ensure complete files and identifying gaps in coverage
• Demonstrated proactive approaches to problem-solving with strong decision-making capabilities
• Captive insurance experience is preferred

Responsibilities

• Analyze P&C Insurance policies for completion and to identify gaps in coverage
• Analyze loss runs/claims history and propose appropriate terms & conditions as necessary.
• Complete commercial policy intake forms
• Conduct underwriting calls with clients to discuss uninsured, or underinsured risks, and obtain appropriate data for actuarial pricing
• Review policy renewal information, develop and underwrite a renewal position, and provide a quote summary with supporting documentation to be approved for sign-off
• Submit case files for risk analysis reporting, and actuarial pricing
• Review large amounts of information and raw data for accuracy
• Send underwriting documents to clients to support suggested eligible coverages for current policy year
• Explain definitions of Oxford’s various lines of coverages
• Review and coordinate with the Claims Department for underwriting sign-off

Skills

Underwriting

Analytical thinking

Communication skills

Organization

Multitasking

Decision making

Independent work

Education

Bachelor’s degree

Job description

As an Underwriting Specialist at Oxford Risk Management Group, you will be required to execute critical thinking and should have strong communication skills, a high level of organization, the ability to multitask often, and be able to consistently provide world class customer service to our clients. The Underwriting Specialist must be creative and enjoy working within a small, entrepreneurial environment, that is mission-driven, results-driven, and community oriented. The ideal candidate will have knowledge of property and casualty insurance policies and the ability to exercise good judgment in a variety of situations, with strong written and verbal communication, administrative and organizational skills, and the ability to maintain a realistic balance among multiple priorities. The Underwriting Specialist will have the ability to work independently on projects, from conception to completion, and must be able to work under pressure at times to handle a wide variety of activities and confidential matters with discretion.

Your Impact

• Analyze P&C Insurance policies for completion and to identify gaps in coverage
• Analyze loss runs/claims history and propose appropriate terms & conditions as necessary.
• Complete commercial policy intake forms
• Conduct underwriting calls with clients to discuss uninsured, or underinsured risks, and obtain appropriate data for actuarial pricing
• Review policy renewal information, develop and underwrite a renewal position, and provide a quote summary with supporting documentation to be approved for sign-off
• Submit case files for risk analysis reporting, and actuarial pricing
• Review large amounts of information and raw data for accuracy
• Send underwriting documents to clients to support suggested eligible coverages for current policy year
• Explain definitions of Oxford’s various lines of coverages
• Review and coordinate with the Claims Department for underwriting sign-off

Qualifications

• Successful Candidate Will Have Bachelor’s degree required
• 5+ years of underwriting experience required
• 2+ years of experience reviewing commercial property & casualty policies & servicing claims required
• P&C license or industry designation preferred
• P&C background reviewing policies to ensure complete files and identifying gaps in coverage
• Demonstrated proactive approaches to problem-solving with strong decision-making capabilities
• Highly resourceful team-player, with the ability to also be extremely effective independently
• Captive insurance experience is preferred

Physical Demands and Work Environment While performing the duties of this job, the employee is required to regularly sit, hear, and reach with hands and arms. The employee is occasionally required to stand and walk. The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision and the ability to adjust focus. The work environment characteristics described are representative of those employees performing the essential functions of this job. The noise level in the work environment is usually moderate to loud. Occasional travel

Risk Strategies is the 9th largest privately held U.S. brokerage firm offering comprehensive risk management advice, insurance and reinsurance placement for property & casualty, employee benefits, private client services, as well as consulting services and financial & wealth solutions. With more than 30 specialty practices, Risk Strategies serves commercial companies, nonprofits, public entities, and individuals, and has access to all major insurance markets. Risk Strategies is an Accession Risk Management Group company, with over 200 offices and more than 5,000 employees across the U.S. and Canada. Our industry recognition includes being named a Great Place to Work, Best Places to Work in Insurance, and on the Inc. 5000 list as one of America’s Fastest Growing Private Companies. We are committed to being good stewards for our company, culture, and communities by having a strong focus on Environmental, Social, and Governance issues.

Pay Range

Pay Range: $51,800 - $85,000 Annual The pay range provided above is made in good faith and based on our lowest and highest annual salary or hourly rate paid for the role and takes into account years of experience required, geography, and/or budget for this role.

One80 Intermediaries is an equal opportunity workplace and is committed to ensuring equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, Veteran status, or other legally protected characteristics.

Learn more about working at One80 Intermediaries by visiting our careers page: www.one80.com/careers.

Personal information submitted by California applicants in response to a job posting is subject to One80's California Job Applicant Privacy Notice .

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