What are the responsibilities and job description for the Senior Underwriter position at United Educators?
UE provides liability insurance and risk management services to about 1,600 members representing K-12 schools, colleges, and universities throughout the United States. With over 37 years serving education, we bring deep expertise to our members and focus on delivering an experience that leaves them feeling confident that we understand their needs and offer insights and solutions suited for their unique challenges. These sentiments are echoed in our culture, where we believe that building on and embracing our unique differences and perspectives enables us to better serve our members and fulfill UE’s mission.
Overview:
The Senior Underwriter will be responsible for ensuring profitable growth of book of business by appropriately evaluating the acceptability of risks. The ideal candidate will build relationships with members and brokers to manage a challenging and/or complex portfolio of accounts.
Responsibilities:
Salary Range: $111,000 USD - $151,000 USD
Benefits:
Overview:
The Senior Underwriter will be responsible for ensuring profitable growth of book of business by appropriately evaluating the acceptability of risks. The ideal candidate will build relationships with members and brokers to manage a challenging and/or complex portfolio of accounts.
Responsibilities:
- Evaluate applications, account loss experience, and other sources of information to determine eligibility and develop coverage and premium proposals
- Negotiate coverage terms and premiums with brokers and members to maintain renewals and attract new business in accordance with underwriting guidelines and corporate goals
- Quote, issue, and release binders and process policies and endorsements
- Respond to broker/member questions regarding scope of coverage, services, and company philosophy
- Develop and nurture broker and member relationships
- Travel periodically to brokers and members; coordinate conference calls
- Pass all internal self audits as well as act as auditor during audit of underwriting files of colleagues
- Collaborate with Product Development to draft policy language and manuscript endorsements where necessary
- Bachelor’s degree
- At least 6 years of commercial lines underwriting experience or equivalent substitute experience; Professional Liability experience is desirable
- CPCU or similar professional insurance designation preferred
- Requires mastery of skills of a Level III Underwriter and exemplifies the UE Values of Teamwork, Innovation
- Excellent interpersonal, analytical, verbal and written communication skills
- Ability to multitask and negotiate diplomatically; proven ability to find creative solutions that strike appropriate balance between member and broker needs while adhering to company underwriting standards; comfortable walking away from the deal, if necessary
- This position may require in-office training during the first few weeks
Salary Range: $111,000 USD - $151,000 USD
Benefits:
- Health Insurance — We offer subsidized plan options with an optional pre-tax Health Savings Account (HSA), including an annual employer contribution and investment options. The plans offer a prescription benefit and telehealth.
- Dental Insurance — Two plan levels are available, depending on needs.
- Vision Insurance —We offer in- and out-of-network options; Lasik discounts are available.
- 401(k) — UE makes a 3% safe harbor non-elective contribution beginning the first of the month after date of hire; these funds are vested immediately. After one year of service, employees receive a 7% profit sharing non-elective contribution, as well as become eligible for a matched contribution of 25% of the first 5% employee deferral. Employees can make pre-tax contributions or taxed (Roth) salary reductions. Catch-up contributions for employees 50 years old and over. Employer contributions are fully vested three years from eligibility date.
- Life Insurance — UE pays for Basic Life Insurance, and employees have the option to apply for additional Voluntary coverage.
- Short- and Long-Term Disability Insurance — We offer coverage in the event employees are unable to work for a period of time.
- For the first two years of employment, employees accrue PTO at 24 days per year. At the beginning of the third year of service, employees accrue 30 days per year of PTO.
- 11 paid holidays annually including Juneteenth and an employee choice floating holiday
- Bonus eligibility is based on salary earned and performance for the year.
- Hybrid environment - employees are typically in the office 2-3 days per week after the initial training period.
- Support for individual growth through sabbaticals, leadership development, mentoring, and tuition assistance
- Inclusive and supportive culture that embraces diversity and provides opportunities for all to succeed
- Monthly lunches and various social events throughout the year
- Opportunities to join the Social Committee, Employee Resource Groups (ERGs), and Inclusion, Diversity, and Equity Alliance (IDEA)
Salary : $111,000 - $151,000
