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SalaryThe Senior Underwriter will evaluate complex risks associated with our Employer Stop Loss (ESL) product; will adhere to underwriting guidelines and generate new business. The Senior Underwriter will evaluate complex risks to ensure proper risk selection, pricing and terms for policies generated in assigned territory. This position will work independently within the established strategy and delegated authority to generate a profitable portfolio. The Senior Underwriter has responsibilities for marketing activities to generate new business.
Essential Duties & Responsibilities
- Risk evaluation. Evaluate submissions to determine acceptability of risks in accordance with company guidelines and standards. Determine proper coverage, pricing, limits and terms based on exposure. Operate as a subject matter expert for the team.
- Guideline adherence. Understand and follow the applicable underwriting guidelines, policies, and procedures to maintain consistency and adherence to industry regulations. Operate within assigned letter of underwriting authority.
- External communication. Interact with customers, agents, and brokers to gather necessary information and to clarify underwriting requirements. Negotiate policy terms.
- Data analysis. Utilize analytical tools to evaluate exposure and understand the driver of claims.
- Collaboration. Drive a multi-disciplinary approach to understanding insureds’ risks. Collaborate with other underwriters and team members to gain a comprehensive understanding of the exposure and best means to provide coverage.
- Documentation. Maintain accurate and detailed records of underwriting decisions and communication with both internal and external parties. Responsible for documenting the underwriting process and decisions of assigned policies.
- Policy language. Must remain aware of market-standard policy terms. Explain language and intent of coverage to a wide audience.
- Portfolio Management. Maintain sight of the strength of assigned portfolio. Provide information and feedback on territorial or market trends to management. Support segment leadership in the development of the underwriting appetite.
- Marketing. Conduct stewardship meetings and leads marketing activities. Establish and monitor the production pipeline of new business. Participate in industry conferences.
- Project work. May participate in and/or lead projects.
Education, Experience, Competencies & Values
- Bachelor's degree from four-year college or university preferred; or six to ten years related experience and/or training; or equivalent combination of education and experience.
- Employer Stop Loss Underwriting experience is required.
- Have completed or willingness to complete requirements of the CPCU or RPLU designation is preferred.
- Strong analytical skills.
- Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, governmental regulations, underwriting guidelines and manuals, bylaws, financials, articles of organization, loss runs, Joint Commission reports and other industry reports.
- Ability to write reports and business correspondence.
- Proficiency with Microsoft Office suite of programs.
- Comfortable and effective in presenting information and responding to questions from groups of managers, clients, customers, and the general public.
- Ability and willingness to travel up to 25% of the year.
- Proficient with ESL Office, and experience with Gradient AI is preferred
The salary range for this role is $92,000 - $124,400. Individual compensation packages are based on a variety of factors that are unique to each candidate including location, skill set, experience, qualifications and education.
If you're a caring and customer focused individual who enjoys working with passionate team members, Coverys is the right company for you!
