Senior Underwriter - Aegis Executive Risks
Aegis Executive Risks, a subsidiary of K2 Insurance Services, LLC, an exclusive underwriting manager of customized management liability products for private and nonprofit entities, seeks a full-time Senior Underwriter to join its team remotely.
Aegis Executive Risks offers the opportunity to join an established company in growth mode. Our compensation program includes competitive pay; bonus plan; medical, dental, and vision insurance; paid time-off in year of hire; and 401(k) with employer match.
Salary Range: 100,000-120,000 USD per year
Responsibilities:
- Works with Lead Underwriter to oversee production, underwriting, and profitability of book of business (new business and renewals) as to meet or exceed annual production and profitability targets;
- Accountable for reviewing assigned new business submissions to verify that the risk qualifies, that all required underwriting documentation has been obtained, and that appropriate pricing has been determined;
- Ability to analyze loss runs and calculate loss ratios. This skill set needs to be used when underwriting and quoting new business and renewals;
- Will prepare referrals on accounts outside of their authority and send to Lead Underwriter for review and approval for release or submission to Company; May handle direct referrals to Company, particularly as tenure is attained.
- Achieve new business hit ratio and renewal retention goals;
- Assist in technical training to new underwriting team members to ensure that all risks conform to AER underwriting guidelines and file documentation requirements;
- Coordinate with UW Support to issue error free policies and endorsements. Review and analyze complex policies.
- Participate in new business development in accordance with the Programs business plan;
- Establish and maintain strong relationships with assigned production sources to ensure client retention and foster strategic alliances;
- Continue establishing strong Carrier relationships to ensure their confidence in your underwriting skills;
- Begin working with Lead Underwriter to participate in enhancing AERs profile, including participating in broker marketing calls;
- Meet performance standards for response time, quoting, binding, issuance, endorsements, and other underwriting level responsibilities;
- Work toward becoming a subject matter expert regarding primary and excess private/nonprofit entity coverage and emerging issues in the management liability space.
Qualifications:
- Excellent written, verbal, and interpersonal skills;
- Strong analytical skills;
- Solid computer skills and ability to independently use Microsoft Office Products;
- Strong negotiation skills combined with the ability to close new business opportunities;
- Flexibility for 0%-20% business travel;
Experience / Education:
- 2 or more years experience underwriting management liability (D&O) insurance;
- Bachelors Degree, in Business, a related field, or equivalent education preferred;
- CPCU or ARM designation a plus;
- Specialty lines (D&O/E&O) insurance broking experience a plus;
Compensation details: 100###-####00 Yearly Salary
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