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IFG Companies · 2 months ago

Underwriting Auditor

Chapel Hill, NC, Chapel Hill, NC, US

Full-time

Hybrid

Senior Level, Lead/Staff

$140K/yr - $160K/yr

15+ years exp

IFG Companies is a professional organization seeking an Underwriting Auditor to conduct rigorous underwriting reviews and collaborate with underwriting teams to implement process improvements. The role involves assessing underwriting practices, providing guidance, and participating in strategic projects to enhance internal controls and analytics related to underwriting trends.

Insurance

Growth Opportunities

Responsibilities

Refine the Quality Underwriting Assurance Program including protocols, reporting templates, procedures and the annual schedule

Objectively and independently without influence, review and assess underwriter adherences to documented guidelines related to all aspects of underwriting including underwriting authority, pricing strategies, terms and conditions, processes and file documentation for the Primary Casualty, Excess Casualty, Inland Marine, Bind Property and Casualty and Garage product lines

Evaluate application of underwriting judgment, risk assessment, risk containment, rate development, pricing decisions and terms and conditions

Collaborate with the CUO and other member of Underwriting Management to provide guidance, feedback, recommendations and identify training needs and opportunities

Assist in crafting and presenting training material to address gaps found during underwriting audits

Participate in strategic and special projects and underwriting initiatives

Communicate recommendations for specific, procedural and system changes to the CUO and Underwriting Management

Collaborate with the CUO, Senior Management, Underwriting Management, Underwriting Teams, Claims, Product Development, Actuarial and other underwriting related functions in creating integrated strategies to develop, expand and improve existing internal controls

Work with the CUO, Underwriting Management and Actuarial to perform analytics including on underwriting trends, loss ratios, expense ratios, previous and current underwriting and other compliance, book of business demographics, etc

Other duties, as required

Qualification

Underwriting principlesProperty/casualty experienceAnalytical skillsMicrosoft ExcelCPCU certificationPlanningOrganizationInterpersonal skillsAttention to detailProblem solvingCommunication skills

Required

Bachelor's Degree from an accredited college/university

Minimum of 15 years of property/casualty underwriting experience

Substantial commercial non-admitted (excess and surplus lines) experience

Working knowledge of product lines underwritten by IFG Companies

Exhibit thorough knowledge of sound underwriting principles, practices, policies, procedures and controls

Strong analytical, problem solving, reasoning and decision-making skills

Excellent interpersonal and written and oral communication skills

Attention to detail

Ability to prioritize and manage multiple tasks while meeting established deadlines

Demonstrate strong planning and organizations skills

Strong computer skills, including Microsoft products (e.g., Excel, Word, SharePoint) with demonstrated high accuracy output and the ability and the willingness to learn new systems

Must become proficient in all IFG systems applicable to underwriting