Group Underwriting Manager jobs in Chicago, IL
Group Underwriting Manager manages and implements policies and procedures for group underwriting. Determines and monitors the process for group rate-setting. Being a Group Underwriting Manager provides decisions and recommendations on complex cases. Requires a bachelor's degree. Additionally, Group Underwriting Manager typically reports to a senior manager. The Group Underwriting Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Group Underwriting Manager typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. (Copyright 2024 Salary.com)
Recently Added Group Underwriting Manager jobs
Marine Underwriting Manager
- The Hanover Insurance Group
-
Itasca, IL
FULL_TIME
- Our Marine Underwriting team is looking for a Manager to join their growing team in our Itasca, Illinois office. This is a full time, exempt role. This is a hybrid opportunity. POSITION OVERVIEW: This role resides within the Marine area of the Specialty division. Manages and coaches team of Underwriters within defined territory, with support and guidance from regional management. Provides coaching and oversight in day-to-day underwriting functions. Collaborates with Operations partners on underwriting technicians and underwriting assistants. Generally manages assigned book of business, primarily with key agents and or increased level of complexity. Responsible for assessing the present and future resource needs for employees and provide the leadership, mentoring and guidance necessary to build and sustain a high performing workforce. IN THIS ROLE, YOU WILL: Coach and mentor the territory underwriting team, providing business direction, driving underwriting actions towards our business objectives, training and development of employees. Underwriting management, development and execution of specific territorial business plan strategies, including territorial business cultivation and agency management. Manage agency related functions for personal book of business. Involvement in key new business and renewals. Stays current with and ensures team adheres to underwriting best practices and guidelines. Oversee the operational and technical work of the team and, where applicable, implement claim handling best practices to coordinate consistent handling of our company’s largest exposure claims Leadership & Coaching: Managing underwriters, coaching and mentoring, providing business direction, driving underwriting actions towards our business objectives, training and development of employees. In partnership with the AVP, provides ongoing team leadership including: performance coaching, development, and engagement, talent hiring, selection and progressive performance management if needed. Conducts formal/informal training sessions on coverage enhancements or emerging issues in order to help elevate the level of underwriting expertise in the team. Drives underwriting quality through the self-review process. Collaborates with Operations to execute best practices, including optimizing productivity and managing service and quality with agents. Identifies and develops talent pipeline. Demonstrates a willingness to consistently enhance team performance. Technical Underwriting: Knows and applies advanced underwriting concepts including risk selection, exposure and hazard identification and control, coverage implications, and loss analysis. Understands pricing components and rating methodology and correlates pricing to exposure, financial and competitive analysis. Adheres to UW/CAT guidelines and underwriting discipline to minimize exposure and appropriately price. Effectively identifies root cause and brings forth solutions to problems. Participates in referrals and consultations from UAs and UWs within assigned territory Portfolio & Sales Management: Reviews key metrics and uncovers trends that may lead to new business opportunities with agents while achieving profitable growth in accordance with business strategies. Prepares or analyzes information on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations in order to drive results within the assigned territory. Understands the relationship between changes in business strategies and financial results (e.g. loss ratio’s, premium, retention, and non-rate and book mix strategies). Keeps current on state/territory issues, regulations and trends. Supports execution of profit improvement initiatives with key agents. WHAT YOU NEED TO APPLY: Bachelor’s degree required, professional designations preferred Minimum of 7 years of experience with Marine/Specialty accounts and driving agency relationships resulting in profitable new and renewal business Acts as a change advocate and is open to new and different ways of thinking Ability to effectively coach and develop others Effective problem solver, who anticipates issues, seeks out and analyzes information collaboratively to propose solutions. Takes ownership for a successful resolution Excellent communication skills are essential; effective face-to-face interactions and presentations to groups, as well as strong phone skills, along with sound written communications, including impeccable follow through Demonstrated ability to effectively collaborate and influence across multiple levels of the organization within senior and field management and underwriters High degree of business, insurance and marketplace knowledge Strong ability to think analytically, influence others, orientation for driving results, agile and adaptive
- 1 Month Ago
AVP, Group Underwriting
- OneTen
-
Chicago, IL
FULL_TIME
- JOB DESCRIPTION Combined Insurance, a Chubb Company, is seeking an Assistant Vice President to join our fast-paced, high energy, growing company. We are proud of our tradition of success in the insura...
- 25 Days Ago
AVP, Group Underwriting
- Chubb External
-
Chicago, IL
FULL_TIME
- Combined Insurance, a Chubb Company, is seeking an Assistant Vice President to join our fast-paced, high energy, growing company. We are proud of our tradition of success in the insurance industry of ...
- 26 Days Ago
Director, Group Underwriting, Remote
- Allstate
-
Chicago, IL
OTHER
- The world isn’t standing still, and neither is Allstate. We’re moving quickly, looking across our businesses and brands and taking bold steps to better serve customers’ evolving needs. That’s why now ...
- 1 Month Ago
Underwriting assistant
- Ryan Specialty Group
-
Chicago, IL
FULL_TIME
- Position Summary : The ideal candidate has a strong business background and is seeking a career in a rapidly expanding company that provides targeted capital investments in talent and companies. The T...
- 1 Day Ago
Underwriting intern
- Munich Re Specialty Group
-
Schaumburg, IL
INTERN
- Job Profile Underwriting Operations Accurately enter new and renewal submissions Perform underwriting support activities associated with information gathering of new business and renewals as well as e...
- 1 Day Ago
Filters
- Current Active Filter
- Chicago, IL
Clear All
- Filter Jobs By posted time
- Within 1 Day
- Within 2-7
- Within 1 Month
- Within 3 Months
0 Group Underwriting Manager jobs found in Chicago, IL area
Senior Casualty Underwriter
- MSIG Holdings (U.S.A.), Inc.
-
Chicago, IL
- MSIG North America continues to grow! Summary/Job Purpose: Underwrite profitable Commercial Lines business within assign...
- 4/26/2024 12:00:00 AM
Marine Underwriting Manager
- The Hanover Insurance Group, Inc.
-
Itasca, IL
- For more than 170 years, The Hanover has been committed to delivering on our promises and being there when it matters th...
- 4/26/2024 12:00:00 AM
Underwriting Specialist - Retail Inland Marine
- Markel Corporation
-
Chicago, IL
- What part will you play? If you're looking for a place where you can make a meaningful difference, you've found it. Beca...
- 4/26/2024 12:00:00 AM
Cyber Underwriting Manager
- Selby Jennings
-
Chicago, IL
- Exciting Job Opportunity: Cyber Underwriting Specialist/Manager Are you passionate about the intersection of technology ...
- 4/25/2024 12:00:00 AM
Senior Business Analyst / Product Owner - RSUM
- Ryan Specialty
-
Chicago, IL
- Position Summary: Ryan Specialty Group (RSG) is a global specialty insurance organization that provides innovative solut...
- 4/25/2024 12:00:00 AM
Growth Underwriter, Cyber & Technology (Chicago and Dallas)
- AXA XL
-
Chicago, IL
- Chicago, IL; Dallas, TX AXA XL provides cyber insurance and technology professional liability on an open brokerage basis...
- 4/23/2024 12:00:00 AM
Cyber Underwriting Manager
- Selby Jennings
-
Chicago, IL
- Exciting Job Opportunity: Cyber Underwriting Specialist/Manager Are you passionate about the intersection of technology ...
- 4/22/2024 12:00:00 AM
Executive Underwriter - Property
- Allianz
-
Chicago, IL
- If you are a current AzC employee and wish to refer a candidate for this role, please click here for instructions and el...
- 4/22/2024 12:00:00 AM
About Chicago, Illinois
Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third most populous city in the United States. With an estimated population of 2,716,450 (2017), it is the most populous city in the Midwest. Chicago is the principal city of the Chicago metropolitan area, often referred to as Chicagoland, and the county seat of Cook County, the second most populous county in the United States. The metropolitan area, at nearly 10 million people, is the third-largest in the United States, and the fourth largest in North A...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Group Underwriting Manager jobs
$126,418 to $158,877
Chicago, Illinois area prices
were up 0.8% from a year ago
were up 0.8% from a year ago
What does a Group Underwriting Manager do?
Group Underwriting Manager in Terre Haute, IN
Guide the recruiter to the conclusion that you are the best candidate for the group underwriter job.
February 02, 2020
Group Underwriting Manager in Huntsville, AL
This difference is also known as the underwriting spread.
January 27, 2020
Group Underwriting Manager in Passaic, NJ
An underwriting group is also called a purchase group, distributing syndicate or syndicate.
February 07, 2020