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Nautilus Insurance Group (a Berkley Company) · 1 day ago

Underwriter III

Durham, NC

Full-time

Hybrid

Senior Level

5+ years exp

Nautilus Insurance Group, a Berkley Company, specializes in providing commercial property and casualty insurance solutions. They are seeking an Underwriter III to support the underwriting process by assessing new and renewal accounts, ensuring compliance with underwriting guidelines, and maintaining relationships with agencies.

Commercial InsuranceInsuranceProperty Insurance

Comp. & Benefits

Responsibilities

Assesses new and renewal accounts to determine acceptability based upon NIC underwriting guidelines and authority granted

Reviews new and renewal accounts to verify issuance is in compliance with NIC underwriting guidelines, addresses discrepancies as needed, and enters information into appropriate systems

Establishes types and limits of coverage to be provided

Creates, analyzes and interprets data from various systems and underwriting resources

Responsible for monitoring production, profitability, and maintaining agency relationships

Collaborates with underwriting team as well as other departments on underwriting philosophy

Effectively communicates (written/verbal) information to both internal and external customers to ensure our standards of excellence are maintained

Consults with agency staff to obtain additional information on existing accounts

Promotes consistency amongst underwriting teams by contributing knowledge and soliciting feedback relative to underwriting philosophy and company goals

Maintains confidentiality with discretion and integrity with both internal and external information

Maintains familiarity with state laws and filing requirements within assigned territory to properly transact business within a state

Consults with underwriting team to determine if reinsurance is needed, and negotiates terms with designated reinsurer companies

Identifies and recommends changes to policy verbiage when standard text is not appropriate. Seeks manager approval before implementing

Monitors the amount of insurance in force on a single risk or group of closely related risks. Evaluates possibility of catastrophe losses and takes necessary action, as needed

Occasionally requested to assist with the development of special programs, underwriting procedures, and educational seminars

Composes reports and business correspondence such as travel summaries, agendas, and meeting minutes

Coordinates internal and/or external visits including but not limited to scheduling meetings, confirming staff availability, and arranging meals/entertainment

Provides guidance and support to less experienced team members within the department

Travel to agent offices and/or other external events is required

Performs other duties as assigned

Qualification

Insurance underwriting experienceCommercial propertyCasualtyAISASLIAUCPCUBroker relationshipsUnderwriting applications knowledgeWindows environment proficiencyRate computation skillsExcessSurplus lines background

Required

Strong relationships with brokers in the Southeast United States

Bachelor's degree; or at least two years of experience in a business or related field; or an equivalent combination of training and experience that provides the required knowledge, skills, and abilities

A minimum of five (5) years of experience as an insurance underwriter in commercial property and casualty

Basic knowledge of computer programs in a Windows environment, including Word, Excel and email

Capability to learn and utilize various underwriting applications to determine accurate classifications and calculate rates and premium charges using approved rating methods

Ability to compute rates, ratios, and percentages

Preferred

AIS, ASLI, AU, and CPCU designations or completion of other insurance related classes is preferred

Excess and Surplus lines background is beneficial

Benefits

Paid Parental Leave! At Nautilus, we offer Childbirth Recovery Leave as well as Primary Caregiver Leave, for up to a maximum of 12 weeks of paid leave.

Nautilus offers Medical, Dental, and Vision coverage options, along with Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA) choices

We help our employees feel secure by providing a 401(k) program, profit sharing, stock purchase plan, life insurance, and travel accident insurance options.

One of our core values is “Committed to Serve” and these aren’t idle words. We provide every employee one paid day off per year to volunteer at a local charity. That’s serving with a smile!

We take risk management excellence and your professional growth seriously by offering Tuition Assistance and Industry-Related Education and Exam programs.

Can you hear us now? Employees are eligible for special cell phone service discounts with Verizon and AT&T.

We participate in the Plum Benefits program offering employees cost-free access to thousands of exclusive travel and entertainment discounts.

Flexible work arrangements

On site newly renovated fitness center - free to use for employees. Yoga and other classes available for a nominal fee.