Group Underwriter jobs in Birmingham, AL
Group Underwriter reviews and analyzes risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages. Being an Group Underwriter calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. Additionally, Group Underwriter may coordinate with field agents to collect or clarify information or decisions. Typically requires a bachelor's degree or equivalent. Typically reports to a supervisor or manager. The Group Underwriter work is closely managed. Works on projects/matters of limited complexity in a support role. To be an Group Underwriter typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Recently Added Group Underwriter jobs
Executive Production Underwriter Reinsurance and Alternative Risk - Medical Professional Liability
- CO1005 ProAssurance Group Services Corporation
-
Birmingham, AL
FULL_TIME
- An exciting opportunity exists to join the ProAssurance family of companies! We are a specialty writer of professional liability, products liability and workers' compensation insurance. With approximately 1,000 team members operating in all 50 states, we are well-positioned to offer career opportunities to individuals interested in professional growth. This position supports our medical professional liability line of business and can be fully remote in the contiguous United States. Summary: This role is a key business leader in the organization and will be the underwriting lead, and liaison for assumed reinsurance, loss portfolio transfers, and ProAssurance HCPL treaty coordination activities. The Executive Production Underwriter, Reinsurance/Alternative Risk Solutions is an important contributor in the development and execution of the company’s strategic plans for both growth and profitability. Essential Duties and Responsibilities: 25% Reinsurance Management Maintains Assumed Reinsurance book through assessment of risk tolerance, market appetite and emerging risk issues and executes underwriting strategy. Works with actuaries to evaluate hospital and assumed reinsurance underwriting opportunities, trends, and patterns for new business as well as renewal accounts. Creates and reviews underwriting performance measures with management team. Review and summarization of key terms and provision sin assumed re contracts. Provide technical support for ProAssurance HCPL ceded reinsurance program/treaty including contract analysis. Reviews and revises workflow, process and procedures for continuous improvement. 20% Underwriting Performance and Claims Reviews Ensures Assumed Reinsurance alignment of individual goals with company goals. Monitors Assumed Reinsurance new business production and renewal retention against plan and takes corrective action as needed. Establishes and ensures implementation of an underwriting quality assurance program for Assumed Reinsurance underwriting. Work closely with Actuarial to develop pricing for all Assumed Reinsurance new business and renewal accounts in accordance with the company’s underwriting authority requirements. Works closely with and coordinate claims monitoring of all Assumed Re deals. 15% HCPL Treaty and Cyber Reinsurance Coordination Coordination of HCPL Reinsurance Treaty with reinsurance intermediary. Manage and adhere to all renewal timelines and key activities, including the submission gathering coordination Coordination of Cyber reinsurance and all activities relating to relationships with the cyber market(s) 10% Strategic Planning Oversees the strategic plan for ProAssurance’s Assumed Reinsurance, Alternative Risk, and Loss Portfolio Transfer underwriting and administrative functions. Hereinafter referred to as Assumed Reinsurance Monitors performance against strategic plan and provides regular updates to management Coordinates with all underwriting product areas to ensure Assumed Reinsurance plans are aligned Ensures achievement of profitable Assumed Reinsurance growth and adherence to plan goals and objectives 10% Culture Management Demonstrates ProAssurance values at all times Holds Assumed Reinsurance working group accountable for following cultural values and norms. 10% Policy and Procedure Development and Compliance Establishes common policies and processes ensure organizational consistency with respect to all functions. Monitors compliance, reports results, and assures corrective actions for all functions. 5% Innovation and Product Development Keeps educated on evolving risks, and exposures. Engages others about ways to improve the service and/or products that we provide. Encourages others, at all levels, to offer ideas and take initiative to vet those ideas. Secondary Duties and Responsibilities: 5% Other duties and tasks as assigned by management Qualifications Bachelor’s degree required, advanced degree CPCU or RPLU or reinsurance and/or captive specialty designation required 10 years of underwriting experience in P&C insurance with seven (7) or more of those reinsurance underwriting and proven skills with insurance contract analysis Extensive knowledge of medical professional liability insurance products, distribution channels both retail and reinsurance Demonstrated leadership, relationship and team building skills and critical thinking skills Detail oriented and disciplined execution skills Strong relationship and influence management skills Superior communication and presentation skills Adaptable and comfortable with change Understanding of insurance terminology, insurance and underwriting principles required Proficiency with Microsoft Office Suite Excellent organizational and interpersonal skills Self-motivated and able to accomplish multiple tasks within deadlines Ability to process information logically Strong analytical skills to interpret data and make sound decisions and devise appropriate solutions Experience in a production underwriting role, with specific broker territory and assignments. Superior negotiation, marketing and sales skills. Magnificent large account skills with superb knowledge of actuarial tools and methods. Able to review the work of others, provide feedback and approve other underwriters’ quotations Meets work deadlines, excellent desk management skills. Solid knowledge of rating and documentation management and workflow systems. Able to create, build and develop superior relationships with agencies and internal colleagues Able to handle referrals, review the work of others, and provide effective coaching Ability to attend insurance and industry/business functions to promote and present a positive image of the Company Up to 20% travel. Here at ProAssurance, we believe our team members are our most valuable asset. We are committed to providing a dynamic and inclusive environment where everyone can do their best work and grow personally and professionally. For that reason, we partner with The Predictive Index (PI) – an organization equally committed to improving the working lives of people, to help us hire the best talent by providing additional insight about one’s work style. The position you applied to requires completion of two assessments prior to being scheduled to interview with a hiring manager. Completion of the assessments is not required in order for your application to be reviewed and to speak with a Talent Acquisition team member. These assessments are Behavioral and Cognitive (internal candidates will only receive the Behavioral assessment), and each assessment takes less than 12 minutes to complete. After submitting your application, you will receive two emails from The Predictive Index inviting you to complete each of these assessments (please check your SPAM or Junk email folder if you do not see these emails in your inbox). Position Salary Range $110,923.00 - $183,041.00 The salary range displayed represents the entirety of the pay grade for this position. Most candidates will start in the bottom half of the range. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have, your location and comparison to other team members already in this role. ProAssurance's family of companies has a unique and unwavering focus on our team members. We strive to achieve best-in-the-world status by attracting, hiring, and retaining top industry talent. We work together within our integrated family of companies, no matter the line of business, department or location. We ask, listen and respond to what matters most to team members. We thank you for your interest in career opportunities with ProAssurance!
- 26 Days Ago
Credit Underwriter
- Altec Careers
-
Birmingham, AL
FULL_TIME
- Responsibilities Altec Capital Services (ACS), a division of Altec, is hiring a Credit Underwriter in Birmingham, AL. This position analyzes and reviews credit risk and credit reports to accept or rej...
- 14 Days Ago
Territory Underwriter
- Berkley
-
Homewood, AL
OTHER
- Company Details Berkley Industrial Comp provides best in class workers’ compensation insurance solutions to high hazard industries. BIN’s mission is to provide an unparalleled customer experience with...
- 27 Days Ago
Associate Underwriter I
- Berkley
-
Homewood, AL
OTHER
- Company Details Berkley Industrial Comp provides best in class workers’ compensation insurance solutions to high hazard industries. BIN’s mission is to provide an unparalleled customer experience with...
- 17 Days Ago
Branch Loan Underwriter - McCalla
- Americas First Federal Credit Union
-
Mc Calla, AL
FULL_TIME
- Role: Assists members and potential members with their financial needs, opens new accounts, processes account transactions, resolves problems, and provides assistance and information regarding product...
- 3 Days Ago
Branch Loan Underwriter - McCalla
- AmFirst
-
Mc Calla, AL
FULL_TIME
- Role: Assists members and potential members with their financial needs, opens new accounts, processes account transactions, resolves problems, and provides assistance and information regarding product...
- 4 Days Ago
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0 Group Underwriter jobs found in Birmingham, AL area
Home-Based Remote Sales Representative Work From Home
- Symmetry Financial Group
-
Birmingham, AL
- Job Description Overview: We are seeking a highly motivated and results-driven Life Insurance Sales Representative, who ...
- 4/24/2024 12:00:00 AM
Underwriting Manager
- Calculated Hire
-
Birmingham, AL
- Underwriting Manager Hybrid role in Birmingham, AL Full Time Opportunity Job Overview: The Underwriting Manager oversees...
- 4/23/2024 12:00:00 AM
Senior Commercial Relationship Manager
- Citizens Trust Bank
-
Birmingham, AL
- Job Description Job Description Senior Commercial Relationship Manager – Birmingham, Alabama Step into the dynamic world...
- 4/23/2024 12:00:00 AM
Work From Home Remote Sales Specialist
- Symmetry Financial Group
-
Birmingham, AL
- Job Description Overview: We are seeking a highly motivated and results-driven Life Insurance Sales Representative, who ...
- 4/22/2024 12:00:00 AM
Sales Consultant
- The Tran Agency
-
Birmingham, AL
- The Tran Agency, proudly partnered with Symmetry Financial Group is actively looking for motivated individuals to mentor...
- 4/22/2024 12:00:00 AM
Personal Lines Underwriter
- Burns & Wilcox
-
Birmingham, AL
- : Responsibilities: When someone needs coverage for the unique, the unusual, or the unconventional, they come to Burns &...
- 4/21/2024 12:00:00 AM
Commercial Relationship Manager
- Citizens Trust Bank
-
Birmingham, AL
- Job Description Job Description Building relationships since 1921, Citizens Trust Bank is an institution built on a rich...
- 4/20/2024 12:00:00 AM
Underwriting Manager
- Calculated Hire
-
Birmingham, AL
- Underwriting Manager Hybrid role in Birmingham, AL Full Time Opportunity Job Overview: The Underwriting Manager oversees...
- 4/20/2024 12:00:00 AM
About Birmingham, Alabama
Birmingham (/ˈbɜːrmɪŋhæm/ BUR-ming-ham) is a city located in the north central region of the U.S. state of Alabama. With an estimated 2017 population of 210,710, it is the most populous city in Alabama. Birmingham is the seat of Jefferson County, Alabama's most populous and fifth largest county. As of 2017, the Birmingham-Hoover Metropolitan Statistical Area had a population of 1,149,807, making it the most populous in Alabama and 49th-most populous in the United States. Birmingham serves as an important regional hub and is associated with the Deep South, Piedmont, and Appalachian regions ...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Group Underwriter jobs
$52,480 to $67,969
Birmingham, Alabama area prices
were up 1.3% from a year ago
were up 1.3% from a year ago
What does a Group Underwriter do?
Group Underwriter in Lubbock, TX
Responsible for determining acceptability of insurance risks and appropriate premium rates for renewal and prospect employer groups in accordance with corporate underwriting guidelines and authority limits.
February 05, 2020
Group Underwriter in Tucson, AZ
We do, however, offer opportunities to get connected, and be mentored through our various ARGs (Associate Resource Groups).
December 30, 2019
Group Underwriter in Lincoln, NE
The underwriter accepts all the risk and uses past claims along with demographics, trend factors and inflation factors to estimate future claims and arrive at a premium.
January 02, 2020