Tech E&O/Cyber Underwriter
New
U.S., with preference for candidates located in the Midwest, Southeast, Southwest, and Mountain West regions. Preferred States for Remote Work Eligibility: Arizona, Alabama, Alaska, Arkansas, Delaware, Florida, Georgia, Idaho, Indiana, Iowa, Louisiana, Maine, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Mexico, North Dakota, Nevada, North Carolina, Oklahoma, Kansas, Kentucky, South Dakota, South Carolina, Tennessee, Texas, Utah, Virginia, West Virginia, Wisconsin, Wyoming.Full-TimeMiddle
Salary80000 - 100000 USD per year
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Job Details
- Experience
- 3+ years
- Required Skills
- SalesforceRESTful APIsGoogle Workspace
Requirements
- Bachelor’s degree in finance, business, risk management, or related field
- Professional certifications (e.g., RPLU, CPCU, AU) are a plus
- 3+ years management liability, Tech E&O, and/or Cyber Liability underwriting experience
- MPL underwriting experience is a plus
- Strong interpersonal skills, with a focus on building and maintaining positive relationships with brokers, agents, and clients, as well as internal Sales and Customer Success Teams
- Ability to follow established guidelines regarding state and federal insurance regulations to assist with compliance for underwriting activities
- Knowledge of policy language, risk criteria and legal concepts for designated lines of business
- Excellent communication skills and proven ability to communicate (oral and written) complex information to broad audiences
- Proficiency in all Google Suite products
- Experience with Salesforce and online quoting platforms or APIs (Application Programming Interface) are a plus
- Ability to work cross-culturally on a global team
- Ability to perform at a high-level in a remote work environment
Responsibilities
- Grow the Business: Production underwriting associated with all referrals for new and renewal business for private company management liability, Tech E&O, Cyber Liability, and MPL.
- Import lessons from manual underwriting to maximize the appetite, market penetration and growth of the online platform.
- Profitability: Set profitable terms, conditions, and pricing for referrals to ensure risk adjusted underwriting profitability.
- Assess manual underwriting trends to ensure profitability and to strategize and translate learning into a digitized experience.
- Risk Assessment & Analysis: Analyze insurance applications, supporting documents, and background information to assess the level of risk.
- Underwriting Decisions: Make sound underwriting decisions regarding acceptance, modification, or rejection of risks based on company underwriting guidelines and industry best practices.
- Policy Pricing: Develop and adjust premiums and coverage limits according to risk assessment while maintaining profitability and competitiveness.
- Communication: Work closely with brokers, agents, and clients to explain coverage, premium determinations, and policy terms.
- Portfolio Management: Manage and monitor an assigned portfolio of insurance policies to ensure they remain within the company’s risk appetite. Recommend portfolio optimization improvements.
- Collaboration: Liaise with the Claims, Actuarial, and Insurance Product Teams to maintain updated and accurate pricing models. Collaborate with Account Executives and Customer Success Managers.
- Compliance: Ensure that all underwriting decisions and processes comply with state regulations and company standards.
- Data Analysis & Reporting: Utilize data and analytics to identify trends, review portfolio performance, and make recommendations for improving underwriting guidelines.
- Continuous Improvement: Stay informed about industry trends, market conditions, and regulatory changes to ensure best practices in underwriting.
- Insurance Team Project Work: Assist the Insurance Product Team in project work that drives growth, scale, and insurance profitability.
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