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Modernizing the Specialty insurance industry
Specialty Underwriting Assistant
Location
United States
Posted
103 days ago
Salary
0
Seniority
Senior
Job Description
Specialty Underwriting Assistant
Ledgebrook
• Ledgebrook is seeking experienced E&S Underwriting Assistant talent to join our growing team, whose mission is to build a profitable book of E&S business across expanding lines of business and coverages. • You will regularly interact with Ledgebrook’s underwriters and wholesale trading partners over the phone, virtually, or in-person to facilitate various transactions independently or with limited guidance. • We are looking for candidates with a strong overall E&S support background across various lines of business, including a curiosity to gain a deeper knowledge of our business.
Job Requirements
- Prior general/technical E&S underwriting support experience across various lines of business and coverages, with experience in Professional Liability and/or Cyber insurance.
- Experience in submission process management, including review for completeness to handle or facilitate account clearance and set-up.
- Understanding of basic underwriting data analysis to execute submission triage activities, i.e., reviewing submission information in relation to underwriting appetite and guidelines to assist underwriting staff with eligibility determination and prioritization of opportunities.
- Ability to obtain required information from brokers, organize and maintain file documentation, and facilitate transactions with other underwriting support resources.
- Strong organizational skills with the ability to balance multiple tasks and projects while focusing on key priorities and meeting deadlines.
- Understanding of company appetites and delegated underwriting authorities, particularly within Professional Liability and/or Cyber lines.
- Important - note is only for candidates applying from the U.S.: Please note: This position is open only to candidates who are authorized to work in the United States without the need for current or future employer-sponsored work authorization. We are unable to offer visa sponsorship at this time.
Benefits
- Competitive salary and meaningful equity ownership
- Health insurance - 100% employer-paid option available
- Additional benefits including 401(k), dental, vision, and other coverage options
- Remote work and flexible hours - work from where you perform best
- Unlimited time off policy - we trust you to manage your time and energy
- Culture of ownership, autonomy, and purpose - where your impact is visible and valued
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This description is a summary of our understanding of the job description. Click on 'Apply' button to find out more. Role Description This is a remote position with occasional travel for in-person agency visits. Ideal candidate will live and work remotely in the Central, Mountain or Pacific time zone. This is a ranged posting. Level offered will be based on candidate experience at manager discretion. Great underwriters know how to balance data analytics with human intuition. If you like both quantitative and qualitative reasoning, enjoy the challenge and autonomy of managing your own accounts at a company that offers competitive compensation and benefits, then consider joining the underwriting department at Liberty Mutual. As a Farm Underwriter in property casualty insurance, you’ll develop, grow and maintain diversified books of business while working closely with agents and brokers to assess risks, determine premiums, set conditions and negotiate deals that maximize profitability and meet business goals. - Strategic Account Manager: Ensure a profitable book of Farm and Ranch insurance by writing new accounts of all sizes and growing successful agent and broker relationships and pursuing renewals. - Problem solver: Crunch the numbers and review the data to determine risk selection, premiums, policies and conditions, as well as identify opportunities for improved growth, profit and diversification. - Clear communicator: Maintain and nurture successful relationships with agents and brokers, while presenting proposals, negotiating deals and obtaining approvals. - Collaborative teammate: Contribute to overall team success, mentor underwriters in both a technical and professional capacity sharing best practices and identifying opportunities for continuous improvement. - Conscientious professional: Document account reviews, state-compliant sign-offs and referrals, letters of authority and follow underwriting guidelines. Qualifications - 3-5+ years of commercial lines or farm and ranch experience - Experience with multi-line insurance products - Analytical, problem-solving capabilities - Strong territory management skills - Excellent communication skills - An aptitude for building rewarding relationships with agents and brokers, peer underwriters, underwriting assistants, and junior underwriters - Command of insurance finance and actuarial concepts - Thorough knowledge of commercial insurance products, underwriting, risk selection, pricing and marketplaces, as well as regulatory issues in relevant territories - Understanding of contract language, including regulatory and policy differences among applicable states - Familiarity with continuous improvement processes and tools - A bachelor’s degree in a related field - Chartered Property Casual Underwriter or other professional insurance designation preferred (currently or in process) and/or AFIS Agribusiness and Farm Insurance Specialist Benefits At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve. We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits Company Description Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law. Fair Chance Notices: California, Los Angeles Incorporated, Los Angeles Unincorporated, Philadelphia, San Francisco.
• Manage submission intake and track new business using Excel and Excel Online • Review and clear new business submissions • Enter submission data into the Policy Administration System to process rating worksheets • Communicate with agents to obtain required or missing information • Complete initial data entry on the Risk Analysis Worksheet (RAW) • Assign submissions to appropriate underwriters with attention to detail • Email policies and welcome kits to agents and policyholders • Process loss run and experience modification worksheet requests • Assist with preparation of renewal quotes • Bind and issue policies in the Policy Administration System • Process endorsements, including cancellations and reinstatements • Deliver proposals and quotes within established timeframes • Respond to internal compliance inquiries and external requests from agents, brokers, and policyholders • Participate in training, workshops, and conventions to stay current on workers’ compensation rules, regulations, and underwriting practices • Use resources such as IRMI and the NCCI website to enhance underwriting knowledge • Perform additional tasks and special projects as assigned
• Lead and Evolve PURE’s Underwriting Quality Framework. • Set the strategic agenda for underwriting quality reviews, identifying themes and focus areas. • Own and evolve the Admitted Underwriting Quality Review Program. • Deliver monthly Quality Insights across New Business and Portfolio Management. • Translate findings into meaningful recommendations. • Partner with Field Leadership to ensure clear follow-through on action items. • Recruit, develop, and lead a team of volunteer underwriting auditors across regions. • Shape and Safeguard Underwriting Authority. • Align delegated authority structure with underwriting development pathways. • Represent Underwriting in internal and external audit initiatives. • Drive Continuous Improvement Across the Underwriting Practice.
Overview The Senior Underwriter - Broker Assumed Reinsurance, under the guidance of the Director - Broker Assumed Reinsurance Underwriting and AVP - Reinsurance Underwriting, is responsible for underwriting a portfolio of Broker Assumed Reinsurance accounts. The Senior Underwriter develops and maintains long-term business relationships with reinsurance brokers and ceding company executive and management leadership to support profitable business opportunities and reinsurance solutions in the marketplace. This position qualifies for our flexible workplace options. Work at our Grinnell, Iowa, headquarters or from a home office in any of the following states: Alabama, Arizona, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, Tennessee, Texas, Virginia, Wisconsin, and Wyoming. Please note that candidates must be eligible to work in the U.S. without Grinnell Mutual sponsorship. Responsibilities - Manages a portfolio of assumed reinsurance business by developing short and long-term goals, strategies, and processes. Responsible for executing all aspects of reinsurance underwriting through implementation and support of these strategic plans. - Underwrites broker produced reinsurance business and supports the underwriting performance of more junior underwriting staff and underwriting support staff as needed. - Develops and maintains positive relationships with brokers and client companies and serves as a point of contact. Coordinates and attends broker and client relationship events as necessary. Actively markets Grinnell and its reinsurance products with reinsurance brokers to generate new business opportunities and expand Grinnell participation on existing reinsurance programs. - Accountable for the thorough evaluation of underwriting submissions and pricing of reinsurance programs, provides quotes and authorizes contracts. Utilizes catastrophe modeling and actuarial pricing teams to evaluate submissions. - In partnership with reinsurance brokers, coordinates, and conducts underwriting, claim, and administrative audits on an as needed basis. - Negotiates contract terms with brokers in partnership with internal legal counsel as appropriate. - Collaborates on division and corporate projects with cross-functional teams when necessary to achieve optimal results for reinsurance and corporate business objectives. Provides resources, research, and guidance from an area of expertise. - Cultivates a culture of continuous improvement within the division by seeking opportunities to improve processes and efficiencies. - Maintains a thorough understanding of relevant industry and business trends, key company financial indicators, best practices, regulations, and professional skills. Applies knowledge to achieve optimal underwriting results. - All other duties as assigned. Qualifications - Bachelor's degree from an accredited college or university with three (3) to five (5) years of property and casualty reinsurance underwriting related experience and a demonstrated skill set in best practices related to the reinsurance industry, or equivalent combination of education and experience. Experience working with reinsurance brokers is preferred. - Industry designations preferred (e.g. ARe, CPCU, ARM, CFA, CPA, FCAS) or actively pursuing industry designations. - Experience underwriting Property and Casualty Insurance and Reinsurance, to include Property Catastrophe, Property Aggregate Excess, Per Risk, Quota Share and Multi-Line Excess and Casualty Excess Reinsurance Programs. - Analytical and problem-solving skills to evaluate risk and potential profitability of accounts. - Experience with reinsurance pricing methods including exposure and experience analysis for Property and Casualty exposures. - Knowledge of third-party catastrophe modeling software products, their applicability to underwriting reinsurance business and evolution over time. - Ability to communicate persuasively, both orally and written, to professionally present information to a variety of groups and forums and present on topics as requested. - Demonstrated aptitude to make effective decisions using personal judgment, experience, facts, and figures to resolve problems and make decisions. - Demonstrated ability to achieve consensus by involving stakeholders in the decision-making process to maintain relationships and mutual understanding. - Ability to work effectively and relate well with internal and external customers. Ability to exhibit a professional manner in dealing with and working to maintain constructive working relationship by utilizing good interpersonal communication skills. Ability to work in a harmonious manner with subordinates, co-employees, and supervisors. - Must possess working knowledge of standard office equipment. Computer skills must include basic skills in Microsoft Office suite with advanced knowledge of Excel and simulation software. - Ability to maintain a valid driver’s license and adhere to fleet safety policy. Ability to travel throughout the US to meet with reinsurance brokers and client companies 10-20% of business days, including overnight travel, is required. - Must be able to maintain confidentiality and proprietary information. - Requires regular and predictable attendance to meet the customer needs of the position. - Demonstrated ability to adhere to all Grinnell Mutual policies. - Demonstrated ability to incorporate Grinnell Mutual core values in all areas of work. Compensation The salary range for the position is $89,150.00 - $154,000.00. For a list of benefits, click here. Working conditions and physical efforts To perform this job successfully, an individual must be able to perform each job duty and responsibility satisfactorily. Reasonable accommodation may be provided to enable individuals with disabilities to perform job duties and responsibilities. The Senior Underwriter - Broker Assumed Reinsurance may be required to work outside of normal business hours including occasional weekends and extended hours to meet deadlines associated with the position. •The position can operate within a typical office setting located in an office or in a remote home office. The noise level in the work environment is usually quiet. The position requires an individual to sit for long periods of time. The position may require frequent and extended time on the telephone and visual acuity to work on the computer for extended periods of time. •This role has frequent external customer contact with senior level management of client companies and reinsurance brokers. •Frequently work with all levels of employees in the organization. This job description is not intended to describe, in detail, the multitude of tasks that may be assigned, but rather to give the employee a general sense of the responsibilities and expectations of the position. As the nature of the business demands change, so too may the job duties and responsibilities. Grinnell Mutual is an Equal Opportunity Employer in accordance with applicable state and federal laws.



