Group Underwriter jobs in Raleigh, NC
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 Underwriter (Excess Casualty)
- James River Group
-
Raleigh, NC
FULL_TIME
-
Come grow with James River Insurance!
James River Insurance is an excess and surplus lines segment of James River Group Holdings, Ltd. and operates on an approved non-admitted basis in 50 states and Washington, DC. Since 2003, James River has provided thousands of commercial property and casualty customers with innovative and creative solutions for particular insurance needs.
At James River Insurance, we are committed to providing a stable and rewarding work environment supported by our Core Values and Guiding Principles: Integrity, Accountability, Innovation, Customer Service, Communication, and Teamwork. We are proud of our recent national recognition as a 2023, 2022, and 2021 Top Workplaces USA awards.
James River Group Holdings, Ltd. is a Bermuda-based insurance holding company which owns and operates a group of specialty insurance and reinsurance companies. The Company operates in three specialty property-casualty insurance and reinsurance segments: Excess and Surplus Lines, Specialty Admitted Insurance and Casualty Reinsurance. The Company tends to focus on accounts associated with small or medium-sized businesses in each of its segments. Each of the Company's regulated insurance subsidiaries are rated "A-" (Excellent) by A.M. Best Company.
Job Summary:
The Executive Underwriter serves as the technical expert in a designated coverage, product or product line, mentoring and training less experienced staff. Selects, reviews, models, analyzes and underwrites the most complex submissions within the context of applying the division’s underwriting guidelines and standards. Determines the proper terms and conditions for acceptable risks including rating the account to develop the appropriate premium. Responds to brokers when particular risks do not meet underwriting guidelines and offers alternative options and cross sell other products. Provides assistance to other team members including the management team in a variety of areas including referrals, identifying new opportunities and auditing of files.
Duties and Responsibilities:
- Continuously exhibit and uphold Core Values of Integrity, Accountability, Communication and Teamwork, Innovation and Customer Service
- Serve as the subject matter expert in a segment of the current and complementary division’s product lines.
- May serve as the department liaison with the Regulatory Compliance and Actuarial departments.
- Handle most complex accounts, accurately assessing ineligible verses eligible accounts by using sound decision making and working within assigned underwriting authority.
- Analyze new business opportunities and develop renewal strategies.
- Attain quote, premium and division goals as assigned.
- Develop and maintain strong relationships with brokers.
- Use critical thinking and problem-solving skills to negotiate with brokers on placements.
- Travel to meet with brokers within assigned territory as required.
- In coordination with the management team, participate in the development and execution of annual business plans for the division to include a profitable underwriting strategy.
- Assist the management team with training, mentoring and on-boarding of new employees.
- Assist the management team with writing and refining Underwriting and Pricing Guidelines in response to market conditions.
- Assist the management team in new product development efforts to include initiation, research and implementations of new products as well as product/process enhancements.
- Assist management team in conducting audit of files to ensure practices are implemented consistently.
- May act as first point of referral on accounts that fall outside of individual underwriter authority.
- May participate in division’s program reviews.
- May act as company representative for cross-marketing opportunities.
- Other special projects/duties as assigned.
- Ability to effectively and properly select, evaluate, model, determine coverage, rate, document, quote and bind accounts.
- Ability to effectively assess risk.
- Extensive knowledge of pricing and rating techniques as well as loss sensitive programs
- Extensive knowledge of forms and coverages
- Extensive knowledge of other casualty lines of coverage
- Thorough understanding of key exposures
- Thorough understanding of facultative reinsurance to include knowledge of the available facultative markets and pricing.
- Ability to work independently and in a team environment to complete assignments within the parameters of instructions provided, prescribed processes and standard accepted underwriting practices.
- Understanding of current market conditions, trends in competition and new product development
- Ability to mentor and train others
- Excellent verbal and written communication skills
- High degree of personal initiative and self-motivation
- Proven problem solving and decision-making skills.
- Strong negotiation skills
- Ability to effectively prioritize a high volume of work.
- Solid customer service and relationship building skills.
- Proficiency in MS Office (Word, Excel, Outlook) and Internet researching
- 20 years industry experience, 15 years in Excess and Surplus lines with specialized coverage and product knowledge
- Bachelor’s Degree or equivalent work experience
- Specific experience in marketing and underwriting of the division related products.
- Professional designation is preferred.
#LI-Remote - 27 Days Ago
Underwriter
- Curi
-
Raleigh, NC
FULL_TIME
- TitleUnderwriter LocationRaleigh, NC About Us Curi is a full-service advisory firm that serves physicians and medical practices. Equal parts fierce physician advocates, smart business leaders, and tho...
- 1 Month Ago
Underwriter
- Curi Insurance
-
Raleigh, NC
FULL_TIME
- Title Underwriter Location Raleigh, NC About Us Curi is a full-service advisory firm that serves physicians and medical practices. Equal parts fierce physician advocates, smart business leaders, and t...
- 1 Month Ago
Underwriter
- Curi Management Company
-
Raleigh, NC
FULL_TIME
- TitleUnderwriter LocationRaleigh, NC About Us Curi is a full-service advisory firm that serves physicians and medical practices. Equal parts fierce physician advocates, smart business leaders, and tho...
- 1 Month Ago
Underwriter (Environmental)
- JRGCLIENTCAREERSITE
-
Raleigh, NC
FULL_TIME
- Come grow with James River Insurance! James River Insurance is an excess and surplus lines segment of James River Group Holdings, Ltd. and operates on an approved non-admitted basis in 50 states and W...
- 28 Days Ago
Underwriter Trainee
- Builders Mutual
-
Raleigh, NC
FULL_TIME
- At Builders Mutual, we believe in the power of a team to get the job done right. Our team does their best work each day, creating a one-stop resource for all commercial insurance solutions and constru...
- 1 Month Ago
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0 Group Underwriter jobs found in Raleigh, NC area
Associate Underwriter II (Hybrid or Remote)
- Mid-Continent Group
-
Raleigh, NC
- Essential Job Functions and Responsibilities: Underwrite, price, and negotiate accounts consistent with the quality of t...
- 4/23/2024 12:00:00 AM
Executive Contract Surety Underwriting Specialist | Remote
- King's Insurance Staffing
-
Raleigh, NC
- Our client, an A-rated National P&C Insurance Leader, is continuing to expand their Contract Surety Bond Division and se...
- 4/23/2024 12:00:00 AM
Loyalty Family Support Plan Salesperson (Life Insurance Agent)
- Pope Insurance Group (A Security National Life Insurance Company Agency)
-
Raleigh, NC
- Job Description Job Description **THIS POSITION REQUIRES THAT YOU HOLD A VALID INSURANCE PRODUCERS LICENSE** We are seek...
- 4/23/2024 12:00:00 AM
Work Comp Broker for Wholesale Insurance
- Novatae Risk Group
-
Raleigh, NC
- Job Description Job Description Novatae Risk Group is a national wholesale/brokerage for hard to place commercial insura...
- 4/23/2024 12:00:00 AM
Wholesale Broker for Surplus Lines Insurance
- Novatae Risk Group
-
Raleigh, NC
- Job Description Job Description Novatae Risk Group is a national wholesale/brokerage for hard to place commercial insura...
- 4/23/2024 12:00:00 AM
Senior Commercial Lines Insurance Underwriter
- The Carlisle Group (tcg)
-
Raleigh, NC
- Broker/Underwriter with Leadership DesireWhen you work for our client, you join a firm you can be proud of. Their abilit...
- 4/22/2024 12:00:00 AM
Executive Contract Surety Underwriting Specialist | Remote
- King's Insurance Staffing
-
Raleigh, NC
- Our client, an A-rated National P&C Insurance Leader, is continuing to expand their Contract Surety Bond Division and se...
- 4/21/2024 12:00:00 AM
Marketing Underwriter- HMIG
- Highmark Health
-
Raleigh, NC
- Company : HM Insurance Group Job Description : JOB SUMMARY This job maintains existing business, generates new business,...
- 4/19/2024 12:00:00 AM
About Raleigh, North Carolina
According to the United States Census Bureau, Raleigh occupies a total area of 144.0 square miles (373.0 km2), of which 142 square miles (369 km2) is land and 0.97 square miles (2.5 km2), or 0.76%, is covered by water. The Neuse River flows through the northeast end of the city.
Raleigh is located in the northeast central region of North Carolina, where the Piedmont and Atlantic Coastal Plain regions meet. This area is known as the "fall line" because it marks the elevation inland at which waterfalls begin to appear in creeks and rivers. As a result, most of Raleigh features gently rolling hil...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Group Underwriter jobs
$54,783 to $70,953
Raleigh, North Carolina area prices
were up 1.5% from a year ago
were up 1.5% 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