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Senior Commercial Underwriter

2 months ago


Chicago, United States Velocity Risk Full time

About Velocity Risk

Velocity Risk is at the forefront of transforming specialty property insurance in areas prone to catastrophes. By creatively linking risk with capital, we are redefining traditional insurance practices. Our unique approach fosters an environment where employees are encouraged to thrive and innovate. If you are eager to embrace challenges and contribute to a collaborative team, you may find a rewarding career with us.


Position Overview

As a Large Commercial Underwriter II, your primary responsibility will be to evaluate and underwrite business for Commercial Lines, ensuring we meet our Combined Ratio and capital metric objectives. You will manage a portfolio valued between $15-25 million while mentoring a team of Underwriter I's and Trainees. Your expertise will be crucial in assessing risk acceptability, determining pricing, establishing underwriting guidelines, nurturing positive agency relationships, auditing files, and enhancing underwriting processes.


Key Responsibilities

  • Evaluate and underwrite a portfolio of $15-25 million to achieve capital metrics and combined ratio targets.
  • Support the Senior Underwriter team in meeting business unit objectives through informed decision-making and adherence to underwriting best practices.
  • Build and maintain strong relationships with producers and enhance existing partnerships.
  • Collaborate with the broader Commercial Lines team and other departments to refine and advance Velocity Risk's products and services.
  • Oversee, train, and mentor Underwriting Assistants while providing guidance to Underwriter I's.

Core Competencies

Success in this role requires the following skills:

  • Communication: Exceptional written and verbal communication abilities.
  • Attention to Detail: Keen focus on accuracy and efficiency in identifying discrepancies.
  • Organizational Skills: Strong record-keeping capabilities and adaptability to time-sensitive tasks.
  • Confidentiality: Proven ability to handle sensitive information discreetly.

Qualifications

To excel in this position, candidates should possess:

  • A Bachelor's degree in Risk Management or a related field, or equivalent industry experience.
  • A minimum of 3 years of experience in commercial insurance.
  • Professional insurance designations are advantageous.
  • Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint, Outlook).

Velocity Risk is committed to providing equal opportunities and fostering an inclusive workplace. We offer a comprehensive benefits package for our full-time employees, including:

  • Fully subsidized Medical, Dental, and Vision coverage.
  • Health Savings Account with employer contributions.
  • 401k plan after 6 months of employment.
  • Education and Certification reimbursement programs.
  • Paid Time Off and company holidays, including flexible floating holidays.
  • Gym membership reimbursements.
  • Volunteer rewards and community engagement initiatives.
  • In-office lunch provisions.

We operate in a hybrid model, allowing for a combination of remote and in-office work.