Underwriting Manager jobs in Peoria, IL
Underwriting Manager manages daily operations of the underwriting process. Implements underwriting strategy and operational policies for product lines. Being an Underwriting Manager oversees the review and approval process for decisions and recommendations related to complex cases. Defines and establishes procedures for risk criteria, application and renewal, and acceptance and rejection. Additionally, Underwriting Manager develops underwriting team expertise with coaching, support and educational programs. Requires a bachelor's degree. Typically reports to a senior manager. The Underwriting Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be an Underwriting Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
Recently Added Underwriting Manager jobs
Manager, Underwriting - General Binding Authority
- RLI Insurance Company
-
Peoria, IL
FULL_TIME
- About Us We’re not like other insurance companies. From our specialty products to our business model, our culture to our results — we’re different. Different is who we are, and how we work, interact, deliver and succeed together. Creating a different and better insurance experience doesn’t just happen. It takes focus and a shared passion for going beyond the expected to forge relationships and deliver care that makes a difference. This approach rises from and is supported by our talented, ethical and smart team of employee owners united around a single purpose: to work alongside our customers and partners when they need us, in unexpected ways, with exceptional results. Apply today to make a difference with us. RLI is a Glassdoor Best Places to Work company with a strong, successful background. For decades, our financial track record has been stellar — a testament to our culture and validation of our reputation as an excellent underwriting company. Our insurance subsidiaries are rated A “Superior” by AM Best company and A “Strong” by Standard & Poor’s. Check out our strong financial track record here. Position Purpose Under general oversight, support the administration of the company’s underwriting structure. Underwrite and monitor accounts and account lines. Develop and execute a marketing plan. Perform and monitor the risk analysis. Analyze, evaluate, accept, decline, rate, quote, and bind new submissions. Has greater ownership and accountability over the review of complex sources of profit and selecting appropriate risks. Principal Duties & Responsibilities Analyze, evaluate, accept, decline, rate, quote, and bind new or renewal submissions with high premium or risk exposure. Build strong relationships between agents, reinsurers, and contacts. Review complex submissions, account losses, pricing models, and profitable premiums. Review complex sources of profit by selecting appropriate risks. Assist with special projects or other duties as needed. Education & Experience Typically requires a bachelor's degree in insurance, finance, risk management, business or a related field Minimum of 7 years of related experience for consideration [OR] equivalent level of education and experience Knowledge, Skills, & Competencies Ability to know proper sign off & correct UW judgement in most cases. Possess a thorough understanding of the internal processes of the product and displayed understanding of loss rating/credibility. Working toward building and maintaining a profitable book of business. Consistent display of complete/organized files at audits and documentation is at a level that judgement/pricing is easily understood by anyone’s review. Shown initiative and work ethic that demonstrates a higher level of understanding and commitment to the underwriting process. Building and maintaining their own profitable book of business. Personal & Professional Growth RLI encourages its employees to pursue professional development work in insurance and job-related areas. We make a commitment to employees to provide educational opportunities that help them enhance their skills and further their career advancement. RLI fosters a true learning culture and encourages professional growth through insurance courses, in-house training and other educational programs. RLI covers the cost for most programs and employees typically earn a bonus upon successful completion of approved courses and certifications. Our personal and professional growth benefits include: Nationwide employment opportunities Training & certification opportunities Tuition reimbursement Education bonuses Diversity & Inclusion Our goal is to attract, develop and retain the best employee talent from diverse backgrounds while promoting an environment where all viewpoints are valued and individuals feel respected, are treated fairly, and have an opportunity to excel in their chosen careers. We actively support, and participate in, initiatives led by the American Property Casualty Insurance Association that aim to increase diversity in the insurance industry. Cultivating an exceptional and diverse workforce to deliver excellent customer service reinforces our culture and is a key to achieving superior business results. RLI is an equal opportunity employer and does not discriminate in hiring or employment on the basis of race, color, religion, national origin, citizenship, gender, marital status, sexual orientation, age, disability, veteran status, or any other characteristic protected by federal, state, or local law. Total Rewards At RLI, we're all owners. We hire the best and the brightest employees and allow them to share in the company's success through our Total Rewards. With the Employee Stock Ownership plan at its core, the Total Rewards program includes all compensation, benefits and perks that come with being an RLI employee. Financial Incentives Employee stock ownership plan (ESOP) 401(k) — automatic 3% company contribution Annual discretionary 401k and ESOP profit-sharing contribution (up to 15% of base salary) Annual bonus plans Work & Life Paid time off (PTO) and holidays Paid volunteer time off (VTO) to support our communities Parental and family care leave Flexible & hybrid work arrangements Fitness center discounts and free virtual fitness platform Employee assistance program Health & Wellness Comprehensive medical, dental and vision benefits Flexible spending and health savings accounts 2x Base Salary for Group Life and AD&D insurance Voluntary life insurance for purchase Critical Illness & Accident insurance Short-term and long-term disability benefits WHAT MAKES RLI DIFFERENT RLI is a specialty insurance company that helps customers navigate the world of insurance and risk. For more than a half century, we’ve been helping people and companies safeguard their assets through our innovative portfolio of property and casualty coverages and surety products. We’re not what you’d expect from a typical insurance company. From our products to our business model, our culture to our results — we’re different. Our remarkable people. Our people are among the smartest and most knowledgeable in the business. They are experts at building relationships that last with our brokers and customers by providing outstanding service and creating ideal coverages with competitive premiums. Our underwriting focus. We seek underserved niches in the marketplace and provide coverages that meet very specific needs. We eliminate unnecessary bureaucracy, give our underwriters authority and share the profits. Our entrepreneurial culture. At RLI, we’ve created a business model that works: hire smart, ethical people, make them owners of the business, and give them the freedom to succeed. Our employees are encouraged to seek out opportunities, make things happen and do the unexpected. About Us Culture Glassdoor Reviews Financial Results California Privacy
- 20 Days Ago
Commercial Agribusiness Underwriting Trainer
- Ag Jobs
-
Bloomington, IL
FULL_TIME
- At COUNTRY Financial, ourCommercial Agribusiness Underwriting Trainerprovides product and/or system training for our underwriting operations teams. Working in partnership with Commercial Agribusiness ...
- 4 Days Ago
Underwriting Assistant-Surety
- RLI Insurance Company
-
Peoria, IL
FULL_TIME
- About Us We’re not like other insurance companies. From our specialty products to our business model, our culture to our results — we’re different. Different is who we are, and how we work, interact, ...
- 11 Days Ago
Underwriting Assistant I- HYBRID
- Pekin Insurance
-
Pekin, IL
FULL_TIME
- Ready to take the next step in your career? Maybe you’re looking for advancement opportunities, a better work-life balance, or just something new and exciting. At Pekin Insurance, we strive to go Beyo...
- 1 Month Ago
Underwriting Assistant I
- Farmers Automobile Insurance Association
-
Pekin, IL
FULL_TIME
- Ready to take the next step in your career? Maybe you’re looking for advancement opportunities, a better work-life balance, or just something new and exciting. At Pekin Insurance, we strive to go Beyo...
- 1 Month Ago
Underwriting/Operations Assistant - Contrac Pac (Peoria, IL)
- RLI Insurance Company
-
Peoria, IL
FULL_TIME
- About Us We’re not like other insurance companies. From our specialty products to our business model, our culture to our results — we’re different. Different is who we are, and how we work, interact, ...
- 4 Days Ago
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0 Underwriting Manager jobs found in Peoria, IL area
Master Underwriter (Worker's Comp)
- Summit Holdings
-
Peoria, IL
- Job Description Job Description Job Description It’s one thing to know workers’ comp. It’s another to know people. But k...
- 4/23/2024 12:00:00 AM
Workers' Comp Senior Claims Specialist (Remote in Illinois)
- Summit Holdings
-
Peoria, IL
- Job Description Job Description Job Description It’s one thing to know workers’ comp. It’s another to know people. But k...
- 4/23/2024 12:00:00 AM
Data Technology Owner (Peoria, IL or Remote)
- RLI Corp.
-
Peoria, IL
- About Us We're not like other insurance companies. From our specialty products to our business model, our culture to our...
- 4/23/2024 12:00:00 AM
Mortgage Underwriter Manager
- First Busey Corp
-
Peoria, IL
- Mortgage Underwriter Manager page is loaded Mortgage Underwriter Manager Apply remote type In Office locations Glenview,...
- 4/22/2024 12:00:00 AM
Life Pricing Actuarial Analyst Sr. (Remote)
- CCG Business Solutions, LLC
-
Bloomington, IL
- Company Description CCG Talent Management is not only a business solutions company but a company that believes success s...
- 4/22/2024 12:00:00 AM
Product Marketing Analyst
- RLI Corp.
-
Peoria, IL
- About Us We're not like other insurance companies. From our specialty products to our business model, our culture to our...
- 4/21/2024 12:00:00 AM
Underwriting/Operations Assistant - Personal Umbrella (Peoria, IL)
- RLI Corporation
-
Peoria, IL
- Provide operational support for Personal Umbrella (PUP) products and programs as needed. Support PUP underwriting by cre...
- 4/20/2024 12:00:00 AM
Senior Actuarial Analyst - REMOTE
- DW Simpson
-
Bloomington, IL
- Are you ready for a new challenge? A national Life insurance company is searching for a student actuary or ASA to become...
- 4/4/2024 12:00:00 AM
About Peoria, Illinois
Peoria (/piˈɔːriə/ pee-OR-ee-ə) is the county seat of Peoria County, Illinois, and the largest city on the Illinois River. Established in 1691 by the French explorer Henri de Tonti, Peoria is the oldest European settlement in Illinois, and is named after the Peoria tribe. As of the 2010 census, the city was the seventh-most populated in Illinois (and the third largest outside the Chicago metropolitan area), with a population of 115,007. The Peoria Metropolitan Statistical Area had a population of 373,590 in 2011. Until 2018, Peoria was the global and national headquarters for Caterpillar Inc.,...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Underwriting Manager jobs
$120,019 to $169,871
Peoria, Illinois area prices
were up 1.3% from a year ago
were up 1.3% from a year ago
What does an Underwriting Manager do?
Underwriting Manager in Indianapolis, IN
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December 25, 2019
Underwriting Manager in Boise, ID
“Paula’s experience of the underwriting role in a large organisation like RBS will be invaluable to us as we continue to develop our own underwriting capability in the wake of growing demand for our products and service.
February 18, 2020
Underwriting Manager in Nashua, NH
Certification is necessary for advancement to senior underwriter and underwriter manager positions.
January 01, 2020