Banking & Financial Services · Permanent
Senior Underwriter - Public Entities Insurance (Remote)
K2 Insurance Services, LLC · Pennsylvania, United States
- Location: Pennsylvania, United States
- Employment: Permanent
Job description
<p><b>Senior Underwriter </b></p><p>Allied Public Risk, LLC, a subsidiary of K2 Insurance Services, LLC, an exclusive underwriting manager of customized management liability products for public entities, seeks a full-time Senior Underwriter to join its team remotely. </p><p>Allied Public Risk offers the opportunity to join an established company in growth mode. Our compensation program includes competitive pay; bonus plan; medical, dental, and vision insurance; paid time-off in of hire; and 401(k) with employer match. </p><p>Salary Range: 90,000-100,000 USD per year</p><p><b> Responsibilities: </b></p><ul><li>Works with Lead Underwriter to oversee production, underwriting, and profitability of book of business (new business and renewals) as to meet or exceed annual production and profitability targets;</li><li>Accountable for reviewing assigned new business submissions to verify that the risk qualifies, that all required underwriting documentation has been obtained, and that appropriate pricing has been determined;</li><li>Ability to analyze loss runs and calculate loss ratios. This skill set needs to be used when underwriting and quoting new business and renewals; </li><li>Will prepare referrals on accounts outside of their authority and send to Lead Underwriter for review and approval for release or submission to Company; May handle direct referrals to Company, particularly as tenure is attained.</li><li>Achieve new business hit ratio and renewal retention goals;</li><li>Assist in technical training to new underwriting team members to ensure that all risks conform to AER underwriting guidelines and file documentation requirements;</li><li>Coordinate with UW Support to issue error free policies and endorsements. Review and analyze complex policies.</li><li>Participate in new business development in accordance with the Program's business plan;</li><li>Establish and maintain strong relationships with assigned production sources to ensure client retention and foster strategic alliances;</li><li>Continue establishing strong Carrier relationships to ensure their confidence in your underwriting skills;</li><li>Begin working with Lead Underwriter to participate in enhancing APR's profile, including participating in broker marketing calls;</li><li>Meet performance standards for response time, quoting, binding, issuance, endorsements, and other underwriting level responsibilities;</li><li>Work toward becoming a subject matter expert regarding primary and excess private/nonprofit entity coverage and emerging issues in the management liability space. </li></ul><p><b>Qualifications:</b></p><ul><li>Excellent written, verbal, and interpersonal skills;</li><li>Strong analytical skills;</li><li>Solid computer skills and ability to independently use Microsoft Office Products;</li><li>Strong negotiation skills combined with the ability to close new business opportunities;</li><li>Flexibility for 0%-20% business travel;</li></ul><p><b>Experience / Education:</b></p><ul><li>2 or more years experience underwriting public entities insurance;</li><li>Bachelor's Degree, in Business, a related field, or equivalent education preferred;</li><li>CPCU or ARM designation a plus; </li><li>Public Entity and Municipality insurance experience a plus;</li></ul> <br /><br /><p><strong>Compensation details:</strong> 00 Yearly Salary</p><br><br><p>PIc634d029b9d7-3008</p><img src="https://www.jobg8.com/Tracking.aspx?%2fK55m7FKWEevOm5A6m3as%2b8R4cIZaqDrg" width="0" height="0" />