Underwriting Consultant

Job location: Austin, TX 78758 Hybrid – 1 – 2 days in office

Direct Hire

Description:

PRIMARY PURPOSE:

To provide third-party underwriting services and be responsible for performing captive underwriting comprised of property/casualty including workers’ compensation lines of business with account premiums ranging from $25,000 - $2,000,000 in premium.

ESSENTIAL FUNCTIONS and RESPONSIBILITIE

· Maintains strong relationships with agents, brokers, carrier contacts and internal department personnel.

· Evaluates the risks and exposures associated with underwriting a book of business including developing new and renewal business quote proposals, developing loss picks, maintaining logs, preparing premium finance agreements, reviewing audits, working with internal accounting and captive management teams for billing and collections of premiums, providing summaries and projections of payroll reports provided by clients, accurately performing exposure based analysis using carrier rating models, submitting documents, communicating and negotiating pricing and coverages with carrier underwriters and communicating and supporting those decisions to brokers, carrier underwriters and ARS Management.

· Works with claims and risk control teams to assist in any program service issues.
Assists in the development and administration of complex underwriting rules and guidelines.

· Analyzes quantitative and qualitative data to improve risk selection.

· Acts as a technical resource for property and casualty coverage lines of business.

· Develops and maintains strong external/internal customer relationships by identifying, anticipating business needs and by delivering timely responses to captive customers, brokers and ARS managers; assists business development with marketing information, presentations and related activities.

· Mentors underwriting staff.
Participates in special projects as assigned.

· Meets underwriting department KPI’s (key performance indicators) established by ARS Management.

QUALIFICATIONS
Education & Licensing

· Bachelor's degree in insurance or finance from an accredited college or university preferred.

· Property Casualty License a plus. Chartered Property Casualty Underwriter (CPCU), Associate in Captive Insurance (ACI), Certificate in Captive Insurance (CCI) and/or Certified Insurance Counselor (CIC) courses and/or designations preferred.

Experience

Six (6) years of commercial insurance experience in the underwriting areas with an emphasis on program underwriting or equivalent combination of education and experience required. Supervisory experience a plus.

Skills & Knowledge

· Ability to maintain positive underwriting results while improving the end product

· Ability to solve problems

· Solid math skills including the ability to calculate figures accurately and efficiently

· Strong analytical skill

· Understanding of Captive Pricing Models and Captive Program Structures including

· Excess of Aggregate and A Fund / B Fund Captive Structures

· Ability to work independently, accurately without direct daily supervision

· Strong understanding of premium pricing, developing loss picks and utilizing Risk/Loss

· Forecaster third party software

· Captive management understanding the intracacies and structure of trust accounts, premium cessions, reinsurance agreements, program agreements, captive financials and

· LLC Operating Agreements and how they influence underwriting

· Ability to create, maintain and follow formal captive processes and best practice

Job Type: Full-time

Pay: $85,000.00 - $95,000.00 per year

Schedule:

• 8 hour shift
• Monday to Friday

Application Question(s):

• Note:- employee benefit/health underwriters and loan underwriters are not what we are looking for this position.

Experience:

• Commercial Insurance Underwriting: 7 years (Preferred)
• Public entity: 2 years (Preferred)

License/Certification:

• Property & Casualty License (Preferred)
• CPCU (Preferred)
• Associate in Captive Insurance (ACI) (Preferred)

Ability to Commute:

• Austin, TX 78758 (Required)

Work Location: In person

Salary : $85,000 - $95,000