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Executive Underwriter
4 months ago
**Job Title**:Executive Underwriter
**Department**:Underwriting, Old Republic Allied Management Company **“**ORAMCO”
**Supervisor**:AVP - Sr. Underwriting Manager
**FLSA Status**:Exempt
**Location**: 307 N Michigan Ave, Chicago, IL
**About Old Republic**:
Old Republic International Corporation traces its beginnings back to 1923. Old Republic is one of America’s 50 largest shareholder-owned insurance businesses and currently ranks among the _Fortune 500_ list of the Nation’s biggest companies. Old Republic is primarily a commercial lines underwriter serving the insurance needs of a large number of organizations, including many of America’s leading industrial and financial services institutions.
Located on Michigan Avenue, in the heart of downtown Chicago, the Old Republic Building (Headquarters) is close to several public transportation lines and parking locations.
**Description**
The ORAMCO risk transfer underwriting facility evaluates, prices, and manages the unbundled primary risk transfer business written by Old Republic Risk Management. We are looking for an Executive Underwriter to profitably grow our casualty loss-sensitive book of business comprised of Workers’ Compensation, Auto, and General Liability lines of business. This position works closely with our actuarial and sales teams to help identify the best opportunities to pursue. We have a flat organizational structure to embrace responsibility and an efficient decision-making process. The ORAMCO department is in Chicago and supports the risk transfer underwriting for the entire country.
**Executive Underwriter duties will include, but are not limited to**:
- Underwrite, document, and service a book of new and renewal large account loss-sensitive casualty business.
- Understand, interpret, and consider predictive modeling results as part of the decision-making process.
- Consider different approaches to accounts to maximize profitability.
- Execute strategies to drive profitable growth.
- Cultivate relationships with our sales executives to evaluate accounts and find creative solutions.
- Generate and assist with the implementation of ideas for continuous operational improvement.
- Create and build relationships with treaty and facultative reinsurers.
- Mentor and help train less experienced underwriters.
- Minimal travel.
**Experience/Required Skills**:
- 10+ years of national account and/or facultative reinsurance casualty underwriting (Auto, GL, WC).
- Bachelor’s degree, CPCU Preferred.
- Ability to analyze risk across a broad spectrum of industries and clearly present findings.
- Strong problem-solving, reasoning, and decision-making skills.
- Excellent verbal and written communication skills.
- Excellent organizational and time management skills.
- Proficient in Excel.
Old Republic International “ORI” is an Equal Opportunity Employer. ORI provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.
This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
**Benefits**:
- 401(k)
- Dental insurance
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Schedule:
- Monday to Friday
Ability to Relocate:
- Chicago, IL 60601: Relocate before starting work (required)
Work Location: Hybrid remote in Chicago, IL 60601
