Summit · 3 months ago
Senior Underwriting Specialist (Northern VA or MD)
Maryland, United States
Full-time
Hybrid
Mid, Senior Level
$111K/yr - $159K/yr
5+ years expSummit is a company headquartered in Central Florida that provides workers’ compensation programs and services to employers throughout the Southeast. They are seeking a Senior Underwriting Specialist to lead the evaluation and underwriting of new and renewal business, develop risk assessment models, and foster partnerships with various stakeholders.
Insurance
Responsibilities
Leads the evaluation and underwriting of new and renewal business, ensuring alignment with Company underwriting guidelines and risk appetite
Develops and implements advanced risk assessment models to make informed decisions on coverage, pricing, and terms
Fosters strategic partnerships with actuaries, agents, brokers, and clients to obtain necessary information and provide guidance
Procures and analyzes supplementary reports and screenings, such as motor vehicle reports, loss history reports, and external inspections, to support underwriting decisions
Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations
Evaluates complex policy renewals and modifications, identifying opportunities for policy enhancements and risk mitigation
Communicates underwriting strategies and decisions effectively to internal teams, agents, and brokers
Monitors and shares insights on industry trends, regulatory changes, and market conditions
Maintains effective business relationships with internal and external customers/coworkers, focusing on generating new business and retaining profitable business
Monitors and evaluates underwriting practices, assisting with implementing strategic adjustments to improve overall effectiveness and outcomes
May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports
Performs other duties as assigned
Position requires frequent travel throughout Northern VA and MD
Qualification
Required
Bachelor's Degree in Business, Economics, Risk Management and Insurance, or a related field or equivalent experience
Generally, a minimum of 5 years of experience in Underwriting or a related field
Familiar with moderately complex concepts, practices and procedures
Works with authority on assignments of moderate technical complexity
Maintains strong knowledge of company policies and industry laws and regulations
Excellent interpersonal and communication skills
Demonstrates strong analytical skills with attention to detail
Strong negotiation and decision-making ability
Position requires frequent travel throughout Northern VA and MD
Preferred
Continuing progress toward and/or the completion of a professional designation preferred, such as Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS), or Associate of Risk Management (ARM)
Benefits
Medical, dental, and vision plans starting on day one
PTO
Paid holidays
Commuter benefits
An employee stock purchase plan
Education reimbursement
Paid parental leave/adoption assistance
A 401(k) plan with company match
Company
Summit
Summit provides independent insurance agents and their clients with market-leading workers’ comp insurance and elite customer service.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Imani Sheila Newsome Camara
CEO
Richard Lawrence
Chief Executive Officer
Company data provided by crunchbase