Underwriter Associate

2 days ago

Chicago, Illinois, United States Hiscox Full time

Job Type
Permanent

Build a brilliant future with Hiscox
Underwriter Associate
Role Responsibilities
As an Associate Underwriter, you will be a key member of the Underwriting team by supporting the underwriting activities for multiple products across a number of verticals.

As a key member of the Insurance team, you will play an integral role in our underwriting process. You will be responsible for underwriting accounts within underwriting guidelines and underwriting strategy, evaluating risk, and structuring solutions appropriate for our insureds. You will also provide advice and suggestions on a number of underwriting-related issues.

Specific Activities And Responsibilities May Include

  • Review and analyze submissions to determine appropriate pricing and terms based on underwriting guidelines and underwriting authority
  • Underwrite individual accounts in accordance with underwriting philosophy, guidelines, authority, and service level standards
  • Ensure adherence to underwriting guidelines and underwriting authority
  • Support other underwriting efforts and share insights and knowledge with the broader Corix underwriting team, particularly with respect to the opportunity to automate underwriting decisions
  • Collaborate with key distribution partners to identify ways to expand profitable growth

About You

  • 1+ years' experience in commercial P&C Underwriting with direct underwriting experience and technical understanding of management liability, professional liability, or general liability and property
  • Experience working in a collaborative environment with the ability to improve underwriting guidelines that integrate the customer's perspective, user experience concepts, auto decision orientation, and our distribution strategy
  • Ability to effectively manage multiple projects in a dynamic environment with the ability to prioritize high impact work
  • Bachelor's Degree

Nice To Have

  • Bachelor's Degree (in Business, Insurance & Risk Management or a related field a plus)
  • A background in insurance or other regulated categories
  • Multi line experience

What We Offer

  • Competitive salary and bonus (based on personal & company performance)
  • 401(k) with competitive company matching
  • Comprehensive health insurance, vision, dental and FSA plans (medical, limited purpose, and dependent care)
  • Company paid group term life, short- term disability and long-term disability coverage
  • 24 Paid time off days, 2 Hiscox Days, 10 paid holidays, and ability to purchase 5 PTO days
  • Paid parental leave
  • 4 week paid sabbatical after every 5 years of service
  • Financial Adoption Assistance and Medical Travel Reimbursement Programs
  • Annual reimbursement up to $600 for health club membership or fees associated with any fitness program
  • Company paid subscription to Headspace to support employees' mental health and wellbeing
  • Recipient of 2024 Cigna's Well-Being Award for having a best-in-class health and wellness program
  • Dynamic, creative and values-driven culture
  • Modern and open office spaces, complimentary drinks

Salary Range: $55-$70k
The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

  • Please note that this position is hybrid and requires two (2) days in our office weekly**

Work with amazing people and be part of a unique culture

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