Commercial Underwriting Specialist

2 weeks ago


Cheshire, Connecticut, United States IAT Insurance Group Full time

IAT Insurance Group is seeking a dedicated Underwriting Officer to play a pivotal role in shaping and executing underwriting strategies that align with our core business goals in the Commercial Transportation sector. This position involves the assessment and enhancement of underwriting guidelines, establishing authority levels, ensuring compliance with standards, and fostering collaboration across accounts. You will work closely with the leadership team to optimize underwriting outcomes that contribute to the overall profitability of the organization.

Key Responsibilities:

  • Maintain adherence to underwriting directives, appetite, and authority through collaborative account management and thorough audits.
  • Engage with leadership to identify and address training requirements, developing comprehensive plans to meet these needs.
  • Guide and mentor the underwriting team, ensuring high standards of quality and proficiency in underwriting practices.
  • Design and deliver training programs tailored for underwriters within the Commercial Transportation division.
  • Collaborate with various support functions, including Product, Actuarial, Claims, Regulatory, Risk Control, and IT, to ensure compliance, competitiveness, and profitability of products.
  • Facilitate staff development through coaching, leading change initiatives, and fostering a motivating environment.
  • Ensure compliance with all regulatory and legal requirements.
  • Contribute to the development of pricing models suitable for diverse commercial lines.
  • Assist in the management of reinsurance placements and monitoring processes.
  • Perform additional duties as required.
Qualifications:
Required:
  • Bachelor's degree with a minimum of 12 years of relevant experience, or an equivalent combination of education and experience.
  • Extensive knowledge of various coverages and lines of business.
  • Familiarity with company underwriting guidelines and industry standards.
  • Strong risk assessment capabilities.
  • Comprehensive understanding of financial reporting formats.
  • Proficient in policy development, problem-solving, and market analysis.
  • In-depth knowledge of the insurance sector, including regulations and compliance.
  • Advanced skills in making underwriting decisions.
  • Ability to lead a team to achieve consistent, informed decisions based on effective risk assessment.
  • Competence in applying loss development and advanced analysis for optimal risk pricing.
  • Strong mathematical skills and excellent communication abilities.
  • Must be authorized to work in the United States without requiring future visa sponsorship.
Preferred:
  • Master's degree.
  • In-depth underwriting expertise in moving, storage, and long-haul trucking.
Company Culture:

IAT Insurance Group is the largest privately-owned property and casualty insurer in the U.S. Our philosophy, Insurance Answers Together, reflects our commitment to collaboration and providing effective solutions for our clients. We strive to foster an open and supportive workplace culture that encourages innovation and growth.

Benefits:
We offer a comprehensive benefits package that includes:

  • 26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off
  • 7% 401(k) Company Match and additional Profit Sharing
  • Hybrid work environment
  • Extensive training and development opportunities
  • Healthcare and Wellness Programs
  • Performance-based bonuses
  • College Loan Assistance Support Plan
  • Educational Assistance Program
  • Mentorship Program
  • Dress for Your Day Policy

We are committed to providing equal employment opportunities and maintaining a drug-free workplace.



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