Underwriter

The Underwriter will examine & analyze submissions forwarded to Core Specialty by broker partners to determine if the risk is a targeted class of business and subsequently to determine appropriate limits, pricing & terms that will provide Core Specialty with adequate underwriting profit on each risk.

Key Accountabilities/Deliverables:

Execution of Financial Services Division business plans and objectives including:

• Build Core Specialty’s reputation and presence in the product liability market
• Provide prompt and accurate customer service on policy transactions
• Ensure all risks considered and bound are within delegated authority, underwriting standards, risk selection, peer review and pricing methodologies
• Provide documented evidence of underwriting activities and decisions in files as required
• Support Company and Department goals and objectives
• Build Core Specialty’s relationships with our broker partners
• Build underwriting expertise by training with VP Product liability and team members
  
  

Other Accountabilities to include:

• Develop agent relationships and enhance the company’s reputation in the market.
• Adhere to program guidelines for underwriting and set departmental procedures.
• Apply underwriting expertise within the defined limits of authority to achieve underwriting profitability of assigned agents.
• Provide agents with documented proposals, quotes, and guidance with clear definition of appropriate exposure classification, pricing information, limits, terms, and forms for risks outside of the agent binding authority.
• Promptly respond to all agent submissions and inquiries and perform to defined service standards.
• Maintain technical skills to support virtual communications and proficiency in the use of Core Specialty systems.
• Stay informed and share information on current market developments, to ensure the competitive level and profitability of our product offering.
• In addition to the above key responsibilities, you may be required to undertake other duties from time to time as the Company may reasonably require.
• Carry out duties within our internal policies and procedures in accordance with applicable law, rules, regulation, good governance, and Core Specialty’s shared values, including putting clients at the heart of our business.
  
  

Technical Knowledge and Understanding:

• Knowledge of Financial Services products, coverages and related endorsements.
• Knowledge of underwriting practices, coverage and pricing/rating methodologies, current market, producer and competitor marketplace.
• Knowledge of the surplus lines wholesale binding, producer and competitor marketplace.
• Knowledge of targeted industries.
• Knowledge of insurance company operations .
• Understanding of policy wordings and clauses.
• Understanding of all pricing/underwriting tools available .
• Effective written and oral communication skills.
• Self-motivated and independent.
• Detail oriented with the ability to work in a team environment and be flexible to daily changing needs and job duties.
  
  

Experience:

• Bachelor’s degree or equivalent combination of training and experience.
• Minimum of 3 years’ underwriting experience, with a focus on Specialty lines of business.
• Experience working with relevant underwriting systems, procedures and processes.
• Experience in customer service to internal and external customers.
• Experience working with support services, including IT, claims, actuarial and operations.
• Preferred wholesale distribution experience in an excess and surplus environment.
• Preferred company binding experience.
  
  

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa for this position.

At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program