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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 specialty property insurance, focusing on communities vulnerable to catastrophic events. By reimagining the relationship between risk and capital, we are reshaping traditional insurance methodologies. Our innovative approach fosters a unique work environment where employees are encouraged to thrive. If you are seeking a role that pushes you beyond your limits and allows you to collaborate with a dynamic team, you may find a perfect fit within our culture.


Position Overview

As a Large Commercial Underwriter II, your primary responsibility will be to assess and underwrite commercial lines business, ensuring alignment with our financial objectives. You will manage a portfolio valued between $15-25 million while mentoring Underwriter I's and trainees. Your expertise will be crucial in evaluating risk acceptability, determining pricing strategies, adhering to underwriting guidelines, and fostering strong relationships with agencies in your designated regions. You will also play a vital role in refining our underwriting processes and collaborating with various departments to enhance our offerings.


Key Responsibilities

  • Conducting thorough analysis and underwriting of a $15-25 million portfolio to achieve financial targets.
  • Supporting the Senior Underwriter team in meeting business objectives through informed decision-making and adherence to best practices.
  • Building and maintaining positive relationships with producers and nurturing existing partnerships.
  • Collaborating with the broader Commercial Lines team and other departments to innovate and improve our products and services.
  • Overseeing, training, and mentoring Underwriting Assistants while providing guidance to Underwriter I's.

Essential Skills

Success in this role requires the following competencies:

  • Communication: Exceptional written and verbal communication skills.
  • Attention to Detail: Ability to meticulously analyze data and identify inaccuracies promptly.
  • Organizational Skills: Strong ability to manage records systematically and prioritize tasks effectively.
  • Confidentiality: Proven track record of maintaining confidentiality in all professional matters.

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 to 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, along with flexible floating holidays.
  • Gym membership reimbursements.
  • Volunteer rewards and community engagement initiatives.
  • In-office lunch provisions.

We operate in a hybrid work model, with two days remote and three days in the office.

Velocity Risk participates in E-Verify.