Senior Underwriter - Builder's Risk
Location:
GA - Carrollton
Apply nowGeneral Description: Assess large risks of a complex nature, develop, and negotiate premiums. Manage relationships with brokers and carriers. Provide appropriate insurance products to clients. Generate profit in accordance with company goals.
Responsibilities:
- Underwrite and analyze builders risk policies.
- Serve as a subject matter expert on available products and capabilities in the Builder's Risk space both externally and internally.
- Analyze submission information to ensure all needed documentation is provided and understood. Identify additional information needs including probing complex risks characteristics and utilizing all available market intelligence and tools to customize risk placement strategies and protective safeguards where appropriate.
- Develop and negotiate pricing, terms and coverage conditions to align with specific project needs that will facilitate the profitable growth of the builder’s risk program portfolio.
- Understand and analyze Catastrophe exposures for builder’s risk projects including RMS modeling results, AAL and PML phasing, to underwrite terms and conditions that align with all carrier guidelines.
- Assess the risk to determine the appropriate price, coverage, and terms and conditions. Bring policy to completion with recommending and binding coverage, invoicing, and policy issuance.
- Identify the need, order, and evaluate additional risk assessment information.
- Underwrite within defined broad limits and authority.
- Develop and maintain working relationships with agencies. Communicate effectively through broker negotiations to ensure new business flow and profitable production.
- Recommend amendments/enhancements to applicable program. Includes coverage, policy forms, premium rate plans and underwriting guidelines, loss control guidelines, and distribution.
- Collaborate with internal departments to execute agreed program strategy and identification of program opportunities.
- Engage in professional development. Includes relevant industry and organizational education and training.
- Provide training and coaching other underwriting team members as needed.
- Requires travel for client relationship building, key client/carrier facing meetings, and educational development.
Knowledge, Skills and Abilities:
• 5-7 years + underwriting experience
• 2+ years in the builders risk space, project sizes $75M+
• Quota share risk placement via Subscription or Participation Policies is preferred
• High school diploma or equivalent required.
• Broad and deep knowledge of insurance industry market and appetite.
• Ability to establish product risk factors. Includes proper risk exposure and compliance with state departments of insurance.
• Ability to effectively identify insurance product needs in the marketplace.
• Ability to negotiate with strong mathematical skills.
• Strong written, verbal, and interpersonal communication skills.
• Working knowledge of Microsoft Office suite of products.
• Proficiency in utilizing company systems including underwriting, rate, quote and policy issuance systems.
• Strong organizational and analytical skills with attention to detail and accuracy.
• Ability to travel 20% of the time.
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USI is committed to providing a full-suite of competitive benefits for our growing population and its diverse needs. We offer a wide range of health, welfare and financial benefits including medical, wellness, dental and vision, 401(k), flexible spending and health savings accounts, short and long-term disability, life insurance and other unique employer-sponsored and voluntary programs. USI also offers a generous paid time off policy, paid family leave benefit as well as paid holiday time.
Job ID:
27090