Underwriting Team Lead
Location:
TX - Dallas
Apply nowGeneral Description: Assess large risks of a complex nature. Support a team of underwriters to develop and negotiate premiums. Manage relationships with brokers and carriers. Provide appropriate insurance products to clients. Generate profit in accordance with company goals.
Responsibilities:
• Manage employees in setting priorities, developing work plans, and department workload and schedules.
• Serve as a resource to support underwriters. Includes answering questions and guiding and directing team as needed.
• In coordination with leadership, provide training and development to the underwriting team.
• Underwrite and analyze new and renewal accounts for the most complex assignments.
• Serve as a subject matter expert to review insurance policy.
• 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.
• Establish underwriting policy and procedures. Provide reports to management.
• Develop and maintain working relationships with agencies. Communicates effectively through broker negotiations to ensure new business flow and profitable production.
• Communicate with agents to obtain supplemental underwriting information.
• Analyze and rate endorsement requests.
• Recommend authority levels for underwriting staff and amendments/enhancements. 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 opportunities.
• Engage in professional development. Includes relevant industry and organizational education and training.
• Requires travel for client relationship building, key client/carrier meetings, educational development, and employee meetings.
Knowledge, Skills and Abilities:
• 7 years + underwriting experience.
• 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 and strong mathematical skills.
• Strong written, verbal, and interpersonal communication skills.
• Working knowledge of Microsoft Office suite of products.
• Proficiency in utilizing company systems.
• Strong organizational and analytical skills with attention to detail and accuracy.
• Ability to travel 25% 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. Salary Range: $60,000-$70,000 (depends on experience)
Job ID:
27513