What are the responsibilities and job description for the Senior Underwriter position at Innovative Risk Management?
We are seeking a talented Specialty Underwriter to work on our group captive business. Primary lines of business that we handle in the captive are Auto, GL and WC. The ideal candidate will have a strong background in underwriting and risk assessment with a focus on the construction industry. Responsibilities will include evaluating risks, determining appropriate premium levels, and ensuring compliance with regulatory requirements. Additionally, the candidate should possess excellent analytical skills, attention to detail, and the ability to effectively communicate with clients and stakeholders. This role offers the opportunity to contribute to the success and growth of our group captive business while working in a dynamic and collaborative environment.
Your Impact:
- Work with our fronting carriers to review pricing, coverage and terms and conditions of new and renewal business.
- Utilize advanced analytical techniques to evaluate primary loss costs on individual accounts and a group basis, providing valuable insights into risk exposure and underwriting performance.
- Provide direct oversight for day-to-day operations of the policy administration guidelines for each captive.
- Work with internal partners in the claims, risk control, and account and program management departments to ensure all new business is vetted and internal processes are addressed.
Successful Candidate Will Have:
- Highly effective project management skills with a self-starter aptitude and the ability to be self-directed
- Experience in loss-sensitive underwriting is advantageous, though not mandatory.
- Familiarity with construction underwriting is a plus, though not essential
- 5 years of experience in commercial underwriting
- Solid understanding of Auto, General Liability (GL), and Workers' Compensation (WC) lines of business
- Proficient in Excel for data analysis and reporting purposes
- Willingness to engage in occasional travel as necessary
About One80:
One80 Intermediaries is a privately held firm with offices throughout the US and Canada. As a leading insurance wholesaler and program manager, One80 offers placement services and binding authority for property and casualty, life, travel/accident and health, affinity and administrative services, and warranty business. Launched just four years ago, One80 Intermediaries has grown to be one of the largest intermediaries in the United States. In 2022, Business Insurance ranked One80 as the 5th Largest MGA/Underwriting Manager/Lloyd’s Coverholder, and 5th Largest Underwriting Manager in the country.
Founded in 1991 and headquartered in Dallas, Texas, Innovative Risk Management (IRM), a subsidiary of One80 Intermediaries, helps clients improve their risk profile, control losses, and manage claims, in addition to developing long-term strategies for alternative funding (captives) that address the unique risks of each business. Services include captive solutions, program management, claims mitigation and administrations, underwriting, loss control and specialty program development and management.
Through its underwriting affiliates, IRM provides specialty insurance programs designed for commercial trucking risks, apartments, condominiums, and dwelling risks for the residential real estate investor. Separately IRM offers a captive solutions tailored to commercial construction contractors and various other classes of insurance risks, providing clients with control over their own risk management programs and insurance.