Trade Credit - Senior Underwriter (Hybrid/Remote)

Job Description

We currently have an opportunity for a Senior Underwriter to join our Trade Credit team working hybrid in our New York, NY offices or remotely nationwide. The Senior Underwriter reviews moderately complex risks to determine acceptance of an application and determines selection or rejection of new business using underwriting rules, guidelines, insurance laws and regulations. The Senior Underwriter analyzes quality and quantity of risks written and prepares reports accordingly.

Responsibilities:

• Manages a profitable book of business by evaluating results and conducting portfolio reviews for assigned territory and individual producers. Develops integrated pictures of factors that affect profitability, growth, retention and recommends, implements, and monitors necessary action plans.
• Has underwriting responsibility for a book of new and renewal business. Examines, identifies, and evaluates exposures by analyzing documentation from various sources, such as the insurance application, internet searches, inspection reports, credit reports, etc. Makes underwriting decisions to accept, decline, or modify risks within assigned underwriting authority level in partnership with underwriting team. Executes underwriting strategy as determined by management, including portfolio management and self-audits. Implements underwriting decisions in compliance with state laws and company guidelines.
• Develops superior working relationships with producers to successfully promote achievement of mutual operating goals (growth, retention, and profitability) and to supply the appropriate products and services. Determines and executes strategy for account management and agency planning. Works closely with other departments, including claims, actuary and risk control staff in an effort to better service producers and accounts.
• Gathers and analyzes competitor and producer information including producers' retention, profitability and potential, in support of pricing and appetite. Works with other underwriting staff to determine and make recommendations for marketing, pricing, products and systems.
• Collaborates with team members to manage work inventories and all production activities to provide accurate and timely service in accordance with business unit standards. Processes underwriting decisions. Documents files and reports via automated desktop systems and tools.
• Regularly travels to key producers/accounts and remains a visible presence in the marketplace. Monitors agency action plans and participates in account management, agency planning and marketing meetings to best position the business for the future. May participate in industry events and/or committees.
• Provides training and mentoring to less experienced underwriters and/or underwriting assistants.
• Stays abreast of industry, territory and insurance trends.

Requirements:

• Possesses demonstrated technical knowledge and skills, including insurance products and financial statement analysis. Must be able to identify and describe the major perils insured under policies. Must be able to independently identify and describe the exposures and hazards to consider in making an underwriting decision. Must know how to effectively obtain information needed to make an underwriting decision.
• Must have proven analytical, decision making, problem-solving, communication, presentation, listening and organizational skills. Must be able to work both independently and as a highly collaborative member of a team. Must be proficient with Microsoft Office suite as well as electronic underwriting systems. Must be able to work in a fast pace and rapidly changing environment.

Education and Experience:

• Bachelor's degree
• Minimum of 3-5 years progressively complex specialty underwriting experience
• Professional insurance designation is preferred (AICPCU, RPLU)

Our salary ranges are determined by many factors including location, role, experience and skillset of the candidate. The following ranges displayed reflect the target base salary for new hires but your recruiter will share more specific compensation information with you during the hiring process. The typical base salary range for this position is: $89,000 - $126,000, based on the factors aforementioned. For candidates located in San Francisco, CA; Hoboken, NJ; and the New York City metro area, the base salary range is $112,000 -$131,000. In addition to base salary, full time Intact employees are also eligible for bonus potential and a full range of benefits to include: 401(k) savings and annual contributions of up to 12% of annual salary, competitive paid time off programs, medical, vision and dental plans, mental health support programs, life and disability insurance, paid parental leave and a variety of voluntary benefits.

About Us

At Intact Insurance Specialty Solutions we are experts at what we do. Our deep understanding of the specialty insurance market is the foundation for our customized solutions, backed by targeted risk control and claims services. Our employees are passionate about providing insurance coverage that's aligned to our targeted customer groups. Today, we help protect over a dozen industries with tailored coverages and services.

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