Underwriting Consultant
Location: Remote
General Search & Recruitement
Underwriting Consultant
Remote Location
Responsibilities:
As a Captives Underwriter, you'll play a pivotal role in ensuring the success of new and existing WC/AL/GL captive programs. Your responsibilities will span various areas, including maintaining profitability, demonstrating underwriting expertise, and fostering strong relationships with brokers and clients. Key functions include:
- Responsibly manage assigned captive programs to achieve profitability and growth objectives:
- Align with the client's financial forecast plan and collaborate with team members for successful execution.
- Exceed renewal account retention, premium, and loss ratio targets.
- Achieve new business premium and loss ratio goals.
- Work closely with Captives business development staff to drive growth.
- Demonstrate underwriting discipline by adhering to Client's guidelines and approach:
- Exhibit strong technical knowledge of workers' compensation, auto liability, and general liability insurance.
- Conduct thorough risk analysis and ensure compliance with underwriting standards.
- Effectively negotiate terms to meet account-level goals.
- Develop and maintain exceptional relationships with brokers, captive managers, and customers:
- Deepen understanding of assigned captive programs, managers, and brokers.
- Foster strong working relationships to leverage Client's value proposition for new and renewal opportunities.
- Implement relationship/service plans for captive programs.
- Utilize and promote Client's value proposition and services:
- Stay updated on Client resources, services, and strategic initiatives.
- Identify and recommend services beneficial to customers.
- Actively participate in strategic initiatives as needed.
Qualifications:
- Bachelor's degree or equivalent work experience, preferably in Insurance or Business.
- Over 7 years of experience in workers' compensation, auto liability, and general liability insurance.
- Captive experience is advantageous.
- Proficient in Excel, Word, PowerPoint, and operational systems.
- Strong analytical skills and ability to make sound business decisions.
- Excellent written, oral, and listening communication skills.
- Ability to build trust and credibility with business partners and colleagues.
- Team-oriented mindset with strong customer service skills.
- Ability to remain composed and focused under pressure.
- Highly self-motivated with advanced time management skills.
- Willingness to travel up to 30%.