Sr. Underwriter - Excess Liability - NY Construction

RLI Insurance•Glastonbury, CT

15h

About The Position

We’re not like other insurance companies. From our specialty products to our business model, our culture to our results — we’re different. Different is who we are, and how we work, interact, deliver and succeed together. Creating a different and better insurance experience doesn’t just happen. It takes focus and a shared passion for going beyond the expected to forge relationships and deliver care that makes a difference. This approach rises from and is supported by our talented, ethical and smart team of employee owners united around a single purpose: to work alongside our customers and partners when they need us, in unexpected ways, with exceptional results. Apply today to make a difference with us. RLI is a Glassdoor Best Places to Work company with a strong, successful background. For decades, our financial track record has been stellar — a testament to our culture and validation of our reputation as an excellent underwriting company. Position Purpose Under general oversight, this position performs similar to Underwriter I and II but builds upon existing expectations on our Excess Liability group that specializes in New York construction liability; builds even stronger relationships with producers, reinsurers, and contacts; and rather than assist, has more ownership and responsibility to review complex sources of profit by selecting appropriate risks. Also responsible for increasing submission flows.

Requirements

Typically requires a bachelor's degree in insurance, finance, risk management, business or a related field
Minimum of 5+ years of related experience for consideration [OR] equivalent level of education and experience
Ability to use analytical methods in underwriting processes to find workable solutions.
Experience in underwriting policies related to excess liability in New York construction
Ability to verbally and in writing, communicate findings and recommendations to internal and external contacts on underwriting matters.
Understands, applies, & properly documents nature of operations of the risk for accounts assigned & communicates findings.
Ability to prepare, review, and complete underwriting analysis of accounts.
Analytical skills and understanding of submission requirements, model entry, and product appetite.
Ability to generate innovative solutions within the underwriting department.
Has typically obtained letter of authority.
Has a good understanding of the markets and clients being serviced.
Has some authority to process approval, issuance, or change requests for policies.
Works on slightly more complex risks than UW I and has obtained higher level of authority.
Presents solutions to management on non-standard issues without prior oversight or guidance from manager.
Ability to know proper sign off & correct UW judgement in most cases.
Working toward building and maintaining a profitable book of business.

Responsibilities

Analyze, evaluate, accept, decline, rate, quote, and bind new or renewal submissions with high premium or risk exposure.
Build strong relationships between agents, reinsurers, and contacts.
Review complex submissions, account losses, pricing models, and profitable premiums.
Review complex sources of profit by selecting appropriate risks.
Assist with special projects or other duties as needed.

Benefits

Annual bonus plans
Employee stock ownership plan (ESOP)
401(k) — automatic 3% company contribution
Annual 401k and ESOP profit-sharing contributions (Up to 15% of eligible earnings)
Paid time off (PTO) and holidays
Paid volunteer time off (VTO) to support our communities
Parental and family care leave
Flexible & hybrid work arrangements
Fitness center discounts and free virtual fitness platform
Employee assistance program
Comprehensive medical, dental and vision benefits
Flexible spending and health savings accounts
2x base salary for group life and AD&D insurance
Voluntary life, critical illness, & accident insurance for purchase
Short-term and long-term disability benefits
Training & certification opportunities
Tuition reimbursement
Education bonuses