Senior Underwriter for Financial Institutions

2 weeks ago

Chicago, Illinois, United States Axis Services Full time

This is an exciting opportunity to become part of AXIS Capital, a reputable global provider of specialty lines insurance and reinsurance. We distinguish ourselves through exceptional client service, astute risk management, and superior risk-adjusted returns for our stakeholders. Our corporate culture is characterized by an entrepreneurial spirit, discipline, and ethical practices. As a member of AXIS, you will collaborate with a team recognized as leaders in the industry.

At AXIS, we recognize that our strength lies in our people. We are committed to fostering an inclusive and welcoming environment where employees from diverse backgrounds feel comfortable and empowered to express their true selves. This commitment means that we bring our authentic selves to work every day.

All qualified candidates will be considered for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity or expression, national origin, citizenship, physical or mental disability, age, marital status, or any other characteristic protected by law. Accommodations are available upon request for candidates participating in the selection process.

Position: Senior Underwriter for Financial Institutions

Location: Chicago

The Senior Underwriter for Financial Institutions will operate within established guidelines to analyze, review, evaluate, and monitor new and renewal accounts for private banks, insurance firms, hedge funds, investment advisors, and other financial entities. Solutions encompass management liability, professional liability insurance, and ancillary lines.

Senior Underwriters exercise independent judgment in processing accounts and manage underwriting activities, typically holding an Underwriting Authority of $3 to $5 million while managing and developing a portfolio of new and renewal business.

Candidate Profile

The ideal candidate will be a hands-on technical expert with a proven track record within a top-tier Commercial Insurance Carrier, focusing on building a portfolio of Financial Institutions Management and Professional Liability (E&O, D&O, EPLI, FLI, and Crime) in the Lower Middle Market.

Candidates should possess strong connections within Financial Institutions retail broker channels and have comprehensive exposure to portfolio management, including solicitation of submissions, underwriting analysis, and marketing.

Additionally, the candidate must exhibit an executive presence, demonstrating success in communication, influence, and relationship-building that adds value to the AXIS portfolio and contributes to long-term strategic initiatives.

Work Profile

This position offers a flexible schedule, allowing for remote work two days a week and on-site presence for three days. Maintaining strong relationships with brokers and clients, as well as participating in industry and company events, will require some travel.

Key Duties and Responsibilities

  • Engage in prospecting by identifying new business targets and opportunities, collaborating closely with Key Financial Institutions Retail Brokers to ensure proposals are submitted.
  • Review and assess national new and renewal business in accordance with company underwriting guidelines, developing strategies and making recommendations.
  • Evaluate coverage requests from agents and determine the department's position regarding such requests within individual authority limits.
  • Analyze and underwrite individual risks, developing appropriate limit structures, retention, pricing, and endorsements within granted authority.
  • Manage a personal book of business concerning new lines, renewals, and cross-marketing of product lines within the department.
  • Meet all divisional servicing objectives, including quote turnaround, policy issuance, and documentation maintenance.
  • Conduct regular marketing calls through broker visits to solicit new accounts and gather market intelligence.
  • Manage select agency relationships to ensure objectives are met.
  • Travel as necessary for marketing calls and client meetings.
  • Continuously develop and update product and underwriting knowledge.
  • Stay informed about economic and legal factors affecting the department's lines of business and the insurance industry.
  • Participate in projects or perform other related work as required.
  • Coordinate with branch marketing representatives to facilitate cross-marketing opportunities.

Required Education/Training & Experience:

  • Bachelor's degree.
  • A minimum of 5 years of experience in Financial Institutions and executive liability underwriting.
  • Advanced technical expertise, underwriting skills, and knowledge of insurance principles and practices.
  • Experience should include the ability to assess company financials and manage individual portfolios.

Other Desired Skills and Characteristics:

  • Excellent negotiation and marketing skills.
  • Team-oriented with strong presentation abilities.
  • Strong foundation in financial analysis and policy language analysis.
  • Proven marketing capabilities and established relationships with brokers.

For this position, we anticipate offering a competitive base salary based on various factors, including the successful candidate's experience and work location. Additionally, all employees are eligible for competitive incentive targets, with awards based on overall corporate and individual performance. We also provide a comprehensive benefits package, including medical plans, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and more.

  • Senior Financial Institutions Underwriter

    7 days ago

    Chicago, Illinois, United States AXIS Capital Holdings Full time

    Senior Underwriter, Financial Institutions - Professional and Management Liability AXIS Capital Holdings is seeking a skilled Senior Underwriter specializing in Financial Institutions to enhance our reputable global insurance and reinsurance services. Our firm is distinguished by exceptional client relations, prudent risk management, and impressive returns...

  • Senior Underwriter for Financial Institutions

    2 weeks ago

    Chicago, Illinois, United States Axis Services Full time

    This is an exciting opportunity at Axis Services, a reputable global provider of specialty lines insurance and reinsurance. We distinguish ourselves through exceptional client service, strategic risk management, and delivering superior risk-adjusted returns for our stakeholders. Our corporate culture is entrepreneurial, disciplined, and ethical, making us a...

  • Senior Financial Institutions Underwriter

    2 weeks ago

    Chicago, Illinois, United States AXIS Capital Holdings Full time

    Opportunity OverviewThis is an exceptional opportunity to become part of AXIS Capital, a reputable global leader in specialty lines insurance and reinsurance. We distinguish ourselves through our exceptional client service, astute risk management, and superior risk-adjusted returns for our stakeholders. Our corporate culture is characterized by...

  • Senior Underwriter for Financial Institutions

    2 weeks ago

    Chicago, Illinois, United States CFA Institute Full time

    Position Overview:The Senior Executive Underwriter - UW07EC and Executive Underwriter - UW07ED roles are critical to our mission at CFA Institute. We pride ourselves on being an insurance provider that transcends traditional coverages and policies. Here, you will have the opportunity to not only achieve your professional goals but also assist others in...

  • Financial Institutions Underwriter

    4 days ago

    Chicago, Illinois, United States Zurich NA Full time

    About the RoleZurich NA is seeking an experienced Financial Institutions Underwriter to join our team in Chicago. As a key member of our underwriting team, you will be responsible for handling complex new and renewal domestic Middle Market and National accounts for all Financial Institutions industry verticals and lines of coverage offered.Key...

  • Senior Underwriter for Financial Institutions and Management Liability

    7 days ago

    Chicago, Illinois, United States Axis Services Full time

    This is an opportunity to become part of AXIS Capital, a reputable global provider of specialty lines insurance and reinsurance. We distinguish ourselves through exceptional client service, intelligent risk management, and superior risk-adjusted returns for our stakeholders. We also proudly uphold an entrepreneurial, disciplined, and ethical corporate...

  • Senior Underwriter for Financial Services

    6 days ago

    Chicago, Illinois, United States AXIS Capital Holdings Full time

    Position OverviewThis is an opportunity to become a part of AXIS Capital - a reputable global provider of specialized insurance and reinsurance solutions. We distinguish ourselves through exceptional client service, astute risk management, and superior risk-adjusted returns for our stakeholders. We take pride in fostering an entrepreneurial, disciplined, and...

  • Financial Institutions Underwriter

    4 days ago

    Chicago, Illinois, United States Zurich Insurance Company Ltd. Full time

    About the RoleZurich Insurance Company Ltd. is seeking an experienced Financial Institutions Underwriter to join our team in Chicago. As a key member of our underwriting team, you will be responsible for handling complex new and renewal domestic Middle Market and National accounts for all Financial Institutions industry verticals and lines of coverage...

  • **Assistant Regional Underwriting Manager, Corporate Accounts, Financial Institutions**

    2 days ago

    Chicago, Illinois, United States AIG Full time

    Job Summary: We are seeking a highly skilled and experienced Strategic Underwriting Leader to join our team as an Assistant Regional Underwriting Manager in our Corporate Solutions division. This is a key leadership role that will drive business growth and require you to take ownership of achieving goals and outcomes.About the Role:This is a key leadership...

  • Senior Underwriting Supervisor

    2 weeks ago

    Chicago, Illinois, United States CNA Financial Corporation Full time

    You possess a clear vision for your professional journey, and we are here to provide the leadership necessary to help you achieve it. At CNA Financial Corporation, we aim to foster a culture where every individual feels valued and integral to our mission, ensuring that the talents of all employees are fully utilized.POSITION SUMMARY:The Underwriting Manager...

  • Regional Manager, Financial Institutions

    2 weeks ago

    Chicago, Illinois, United States Chubb Full time

    Position Overview As a key leader within our organization, you will be responsible for the strategic oversight and enhancement of a substantial portfolio exceeding $40 million, specifically focusing on the Financial Institutions sector across the Western region. Key Responsibilities Manage and develop a diverse portfolio of Financial Institutions within the...

  • Senior Credit Underwriter

    2 weeks ago

    Chicago, Illinois, United States AIG - American International Group, Inc. Full time

    Position: Senior Credit UnderwriterKey Responsibilities:Evaluate and assess trade credit risks.Analyze financial statements and credit data to determine the risk associated with lending.Develop and maintain relationships with clients and brokers.Collaborate with internal teams to ensure effective risk management.Qualifications:Proven experience in...

  • Senior Underwriter

    2 days ago

    Chicago, Illinois, United States Guardian Life Full time

    About the Role**Job Summary**We are seeking a highly skilled Senior Underwriter to join our team at Guardian Life. As a key member of our underwriting team, you will be responsible for providing expert pricing and plan design for companies with lives utilizing prior claim experience and manual rates.Key ResponsibilitiesRecommend competitively priced...

  • Senior Underwriter

    2 days ago

    Chicago, Illinois, United States Guardian Life Full time

    About the Role**Job Summary**We are seeking a highly skilled Senior Underwriter to join our team at Guardian Life. As a key member of our underwriting team, you will be responsible for providing expert pricing and plan design for companies with lives utilizing prior claim experience and manual rates.Key ResponsibilitiesRecommend competitively priced...

  • Senior Underwriting Supervisor

    2 weeks ago

    Chicago, Illinois, United States CNA Financial Corporation Full time

    You possess a clear vision for your professional journey, and we have the leadership to guide you along the way. At CNA, we are dedicated to fostering a culture where every individual feels valued and integral to our mission, ensuring that the talents of all employees are fully utilized.POSITION SUMMARY: The Underwriting Manager oversees a team of...

  • Senior Financial Leader

    10 hours ago

    Chicago, Illinois, United States Fifth Third Full time

    About the RoleFifth Third Bank is seeking a highly skilled Senior Financial Leader to join our team as a Managing Director I, Bond Capital Markets. This is a senior leadership role that requires a strong background in banking, investment banking, or capital markets.Key ResponsibilitiesLead deal teams in the structuring, underwriting, approval, and execution...

  • Senior Underwriter, Property and Casualty

    2 days ago

    Chicago, Illinois, United States HDI Global Insurance Company Full time

    Job Description**Job Summary**We are seeking a highly skilled and experienced Senior Underwriter to join our team at HDI Global Insurance Company. As a Senior Underwriter, you will be responsible for underwriting assigned commercial book of business, working within specific limits of authority on assignments requiring significant technical complexity and...

  • Senior Underwriting Officer

    2 months ago

    Chicago, Illinois, United States Liberty Mutual Insurance Full time

    Pay PhilosophyThe typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as...

  • Senior Commercial Underwriter

    2 weeks ago

    Chicago, Illinois, United States Velocity Risk Full time

    About Velocity Risk At Velocity Risk, we are redefining the landscape of specialty property insurance in areas prone to natural disasters. By harnessing the unpredictable nature of risk, we are transforming traditional insurance methodologies into innovative solutions. Our unique approach fosters an environment where employees are encouraged to thrive and...

  • Senior Underwriting Manager, Casualty Division

    4 days ago

    Chicago, Illinois, United States Sompo Full time

    About the RoleWe are seeking a seasoned Vice President, Large Casualty Underwriter to join our Primary Casualty Underwriting team.Our Large National Casualty practice offers diverse multi-line capabilities targeted at select industry verticals such as manufacturing, financial institutions, professional services, technology, and life sciences.We continue to...