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 excel. If you are seeking a position that challenges you to grow and innovate, you may find your place within our exceptional culture.

Role Overview

As a Large Commercial Underwriter II, your primary responsibility will be to evaluate and underwrite commercial lines of business, ensuring alignment with our financial 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 essential in assessing risk acceptability, establishing pricing strategies, adhering to underwriting guidelines, nurturing agency relationships, conducting audits of underwriting files, and enhancing underwriting procedures. Collaborating with various departments, you will contribute valuable insights to improve and innovate the products and services offered by Velocity Risk.

Key Responsibilities

The main duties of this position include:
  • Evaluating and underwriting a $15-25 million portfolio to achieve financial and operational targets.
  • Supporting the Senior Underwriter team in fulfilling responsibilities and reaching departmental objectives through sound decision-making and adherence to underwriting standards.
  • Cultivating strong relationships with producers and maintaining existing partnerships.
  • Working collaboratively with the broader Commercial Lines team and other departments to enhance and refine our product offerings and service delivery.
  • Leading, training, and mentoring Underwriting Assistants while providing guidance to Underwriter I's.

Essential Skills:

You will excel in this role if you possess the following skills:

  • Exceptional Communication - strong writing and verbal communication abilities.
  • Meticulous Attention to Detail - adept at identifying and correcting inaccuracies swiftly.
  • Organizational Skills - proficient in systematic record-keeping and prioritizing tasks effectively.
  • Commitment to Confidentiality - proven ability to handle sensitive information responsibly.

Qualifications

To succeed in this role, candidates should have:

  • A Bachelor's degree in Risk Management or a related field, or equivalent professional 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 aim to ensure our employees have a rewarding experience, offering a comprehensive benefits package for full-time staff, including:

  • Fully subsidized Medical, Dental, and Vision coverage.
  • Health Savings Account with employer contributions.
  • 401k plan available after 6 months of employment.
  • Education and Certification Reimbursement along with Bonus 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 work model, allowing for a combination of remote and in-office work.

Velocity Risk participates in E-Verify.

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