Underwriter I

About Us

We're a unique insurance company that stands out from the rest. Our specialty products, business model, culture, and results all contribute to our distinct approach. We're different, and that's what sets us apart. Our focus is on delivering a better insurance experience, and we achieve this through our talented team of employee owners who share a passion for excellence.

Position Purpose

As an Underwriter I, you'll work under frequent supervision to underwrite new or renewal individual accounts. You'll build relationships with producers, reinsurers, and contacts, reviewing complex submissions, account losses, pricing models, and profitable premiums. Your goal will be to select appropriate risks and assist in the approval, issuance, or change requests for policies.

Principal Duties & Responsibilities

• Analyze, evaluate, accept, decline, rate, quote, and bind new or renewal submissions with high premium or risk exposure.
• Build relationships between agents, reinsurers, and contacts.
• Review simple to moderately complex submissions, account losses, pricing models, and profitable premiums.
• Review sources of profit by selecting appropriate risks.
• Assist in the approval, issuance, or change requests for policies.
• Assist with special projects or other duties as needed.

Education & Experience

• Typically requires a bachelor's degree in insurance, finance, risk management, business, or a related field.
• Minimum of 1+ years of related experience for consideration.
• [OR] equivalent level of education and experience.

Knowledge, Skills, & Competencies

• Ability to use analytical methods in underwriting processes to find workable solutions.
• Ability to verbally and in writing, communicate findings and recommendations to internal and external contacts on underwriting matters.
• Ability to use software to summarize and analyze large amounts of data.
• Understands, applies, and properly documents the nature of operations of the risk for accounts assigned and communicates findings.
• Ability to prepare, review, and complete underwriting analysis of accounts.
• Analytical skills and understanding of submission requirements, model entry, and product appetite.
• Participates in underwriting-related continuing education.
• Ability to generate innovative solutions within the underwriting department.
• Has typically obtained a letter of authority.
• Has a good understanding of the markets and clients being serviced.
• Has some authority to process approval, issuance, or change requests for policies.

Personal & Professional Growth

RLI encourages its employees to pursue professional development work in insurance and job-related areas. We make a commitment to employees to provide educational opportunities that help them enhance their skills and further their career advancement. RLI fosters a true learning culture and encourages professional growth through insurance courses, in-house training, and other educational programs.

Diversity & Inclusion

Our goal is to attract, develop, and retain the best employee talent from diverse backgrounds while promoting an environment where all viewpoints are valued and individuals feel respected, are treated fairly, and have an opportunity to excel in their chosen careers. We actively support and participate in initiatives led by the American Property Casualty Insurance Association that aim to increase diversity in the insurance industry.

Total Rewards

At RLI, we're all owners. We hire the best and the brightest employees and allow them to share in the company's success through our Total Rewards program. With the Employee Stock Ownership Plan at its core, the Total Rewards program includes all compensation, benefits, and perks that come with being an RLI employee.

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