Senior Underwriter for Excess

2 weeks ago


Madison, Wisconsin, United States American Family Mutual Insurance Company Full time

Position Compensation Range:
$76,000.00 - $125,000.00

Pay Rate Type:
Salary

Compensation may vary based on the job level and your geographic work location.

This role is a senior-level position that supports Managing General Agent (MGA) underwriting operations. The focus of this position is on expert underwriting and risk assessment, as well as project initiatives aimed at enhancing the efficiency of the underwriting operations. You will be responsible for developing metrics and analyzing data to provide recommendations that influence profitability trends. This role may also involve field underwriting with exposure to clients and agents. You will report directly to the Senior Manager of Insurance Operations.

Work Environment:
This is a flex office/home position, requiring a minimum of 10 days per month in the office.

Key Responsibilities:
Risk Evaluation (70%)

  • Assess complex risks for third-party insurance carriers, evaluating risk characteristics and trends for appropriate coverage selection and pricing.
  • Utilize risk characteristics and trends to guide pricing, coverage, terms, and conditions for individual risks.
  • Analyze claims and loss history to determine appropriate actions for individual accounts or programs.
Binding Authority Research and Best Practices (20%)
  • Provide underwriting performance insights to the management team of B&A Insurance Solutions.
  • Serve as the expert resource for data integration, interpretation, and presentation within B&A Insurance Solutions.
  • Leverage knowledge of surplus lines and markets to identify trends affecting profitability and growth.
  • Collaborate with divisional leadership to create management and executive-level reports and presentations.
  • Implement strategies for the development and enhancement of risk pricing, terms, and conditions.
Industry Research & Relationship Management (10%)
  • Foster positive business relationships with colleagues, agents, and carriers.
  • Stay informed about industry and competitor activities by participating in industry events and networking with peers.
  • Act as a resource for the field force and sales management.
  • Utilize relationships and insights to propose new product ideas for distribution with carrier partners.
Qualifications:
  • Experience in underwriting specialty lines or commercial insurance.
  • Strong understanding of surplus and specialty insurance.
  • Experience with Excess & Surplus lines.
  • Familiarity with agency management systems.

We encourage candidates to apply even if they do not meet all listed qualifications, as skills can be applicable in various ways.

We offer a comprehensive benefits package that supports your physical, emotional, and financial well-being, including medical, dental, vision, and wellness benefits. Additional offerings include a competitive 401(k) contribution, pension plan, annual incentives, paid holidays, and a generous paid time off program. We also provide support for student loan repayment and paid family leave.

American Family Mutual Insurance Company is an equal opportunity employer, committed to compliance with all applicable laws regarding non-discrimination and equal opportunity.



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