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National Association of Mutual Insurance Companies (NAMIC) · 2 days ago

Senior Underwriter

Indianapolis, IN

Full-time

Onsite

Mid, Senior Level

3+ years exp

National Association of Mutual Insurance Companies (NAMIC) is seeking a Senior Underwriter for their in-house professional liability insurance company. The role involves reviewing, evaluating, and analyzing exposures and coverages in various liability programs, requiring independent analysis and judgment on technical risks.

Non Profit

Growth Opportunities

Responsibilities

Receives, analyzes and interprets insurance applications/submission information in conformance with the underwriting rules and guidelines established by the Company, its reinsurers and its servicing carriers

Determines premiums, limits, deductibles, retentions, endorsements, and identify alternatives and prepare quotes within underwriting authority

Submits quotes outside of authority level to a referral underwriter; accepts or rejects applications

Documents underwriting files, as appropriate

Communicates with agency personnel regarding status of applications, requests and gathers additional information; prepares specific wording to endorsements as needed and subject to approval of Product Development team

Reviews, evaluates and analyzes files to ensure or determine potential loss exposures as related to premiums, reviews account loss ratio, notes changes to policy and determines action at renewal and communicates applicable action to NIA

Works effectively with other NAMIC departments as needed to properly address the needs of our insureds/NAMIC members

Reviews claim reports and documents the progress of claims in underwriting notes at each renewal

Negotiates and binds facultative reinsurance agreements within authority level

Manage the profitability, growth, and retention of an assigned book of business

Underwrite and skillfully negotiate complex customer accounts to minimize risk and maximize profitability

Qualification

Financial analysisRisk assessmentUnderwriting proceduresRPLU designationInsurance experienceCommunication skillsNegotiation skillsTeam collaboration

Required

High school diploma or equivalent is required

Financial analysis and risk assessment experience

Underwrite and skillfully negotiate complex customer accounts to minimize risk and maximize profitability

Preferred

Associate degree or business experience equivalent is preferred

Experience in interpreting and applying underwriting procedures/policies within delegated area of authority preferred

RPLU designation recommended

Prefer three years of insurance experience, preferably in Professional Liability

Prefer thorough knowledge of policy contracts and rating

Benefits

Access to group medical, dental and vision

A matched 401(k) plan

One paid day each year to volunteer with the charity of your choice

Generous paid vacation

And more

Company

National Association of Mutual Insurance Companies (NAMIC)

The National Association of Mutual Insurance Companies consists of more than 1,300 member companies, including six of the top 10 property/casualty insurers in the United States.

Founded in 1895

Indianapolis, Indiana, USA

51-200 employees