Senior Underwriter, E&O - Military Veterans
at Combined Insurance
The Sr. Underwriter's primary responsibility is to underwrite individual risks through a demonstration of the following skills and abilities:
- Fundamentals of coverage, terms and conditions. Ability to offer coverage, terms and conditions which generate a profit for the Company while meeting the needs of the customer.
- Risk Assessment. Ability to identify risk exposures, special or common hazards, and appropriate controls. Ability to select risk based on exposure and risk analysis. Ability to analyze claims and quantify losses.
- Financial proficiency. Understanding of financial statements and ratios used in risk analysis. Understanding of insurance financial fundamentals; impact of underwriting decisions on company assets. Ability to understand credit risk.
- Actuarial fundamentals. Ability to understand loss trends, loss triangles, and ratemaking. Ability to quantify risk based on experience history and forecasting methods.
- Marketing and communications. Ability to sell and negotiate to achieve bottom line profitability for the Company. Ability to make presentations and communicate articulately. Ability to base communications on strategic thinking. Ability to manage producer strategy.
- Systems and programs. Ability to use systems and software programs needed to conduct daily business
Duties may include but are not limited to:
- Solicits new and renewal submissions from brokers
- Determines terms and conditions and complex rating plans
- Binds coverage
- Documents the underwriting files
- Handles more complex files and portfolios within underwriting authority
- Guides and mentors junior staff
MINIMUM REQUIREMENT
- 4-5 years underwriting experience
- Experience with multiple lines of insurance
- Bachelor's degree
- Knowledge of insurance industry
- Knowledge of underwriting concepts, practices, and procedures
- Microsoft Word, Excel, and Outlook
- Internet usage
- Oral and written communication skills
- Negotiation skills
- Marketing skills
- Basic leadership skills
Chicago, IL
There are hundreds of insurance companies for you to consider when searching for an insurance career, so why should you choose Combined Insurance? A position with Combined Insurance is much more than just an insurance job - we believe it is the opportunity of a lifetime.
We're a leader in the supplemental insurance industry with a rich history, a solid financial base and a bright future ahead of us. We offer exciting insurance careers with unlimited potential for growth and a merit-based system of advancement.
Become an AgentAs we continue to grow, we are looking for successful people to become Combined Insurance sales agents. Talented people in our sales force help us maintain our position as an industry leader in supplemental insurance.
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Field Management and Support CareersOur field managers and support staff are a crucial part of the success of Combined Insurance. These key people help train and manage our agents to be the best they can be, focus on creating and maintaining relationships with businesses and their employees and assist our in-field staff with support from the home office.
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Corporate CareersOur growth also means we need quality people behind the scenes, in our corporate offices, to serve both our customers and our sales force. There is a variety of exciting insurance career opportunities in our corporate offices to explore.
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