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  • Energy Construction and Renewables Underwriter

    HDI Global Insurance Company

    Underwriter job in Chicago, IL

    HDI Global SE is a leading international industrial insurer and part of the Talanx Group. We provide tailored insurance solutions to commercial and industrial clients with a focus on technical underwriting, international capabilities, and long-term partnerships. At HDI, our Renewable Energy team supports the global energy transition by managing risks in emerging and established clean energy technologies. Position Summary: We are seeking a motivated and technically skilled Underwriter to support the underwriting and portfolio management of renewable energy risks and broader energy construction projects. This position offers the opportunity to work on complex, evolving risks in solar, wind, battery energy storage systems (BESS), traditional power and energy, and petrochemical projects. The ideal candidate will combine strong analytical ability with an interest in sustainable energy and commercial insurance. Key Responsibilities: * Underwrite new and renewal business for renewable energy clients and energy power projects across key P&C lines, including Property and Construction. * Evaluate risks during both construction and operational phases using engineering reports, broker submissions, and internal tools. * Work within established underwriting authority to assess exposures, set pricing, determine coverage terms, and ensure policy compliance. * Support senior underwriters and leadership in developing and maintaining a profitable portfolio. * Build and maintain relationships with brokers, clients, and internal teams including risk engineering, claims, and actuarial. * Assist in data analysis, account file documentation, and coordination of multinational insurance programs where applicable. * Stay informed on industry developments, regulatory changes, and emerging risks relevant to energy and industrial insurance. Qualifications: * Bachelor's degree in Risk Management, Environmental Science, Engineering, Business, or a related field. * 3+ years of commercial underwriting experience; exposure to renewable energy or energy/power risks is preferred. * Familiarity with P&C lines such as Property and Construction; experience with renewable energy technologies is a strong advantage. * Strong analytical and organizational skills, with attention to detail in evaluating complex risks. * Excellent communication and interpersonal skills with the ability to work collaboratively with internal and external stakeholders. * Proficient in Microsoft Office; experience with underwriting systems, rating tools, and CAT modeling platforms is a plus. * Willingness to travel as needed for client and broker meetings. * Eligibility to work in the United States * Experience working within a global insurance framework is a plus. Compensation The base salary range for this position is $110,000-$140,000 plus eligibility for a performance-based annual bonus. Actual compensation will be based on a variety of factors including experience, education, and location. Benefits - HDI Global Insurance Company offers a competitive benefits package, including: 401(k) with company match, Paid Time Off, Sick Leave, Medical, Health Reimbursement Arrangement (HRA), Telemedicine, Wellness Program, Employee Assistance Program (EAP), Dental, Vision, Accident & Critical Illness Insurance, Flexible Spending Account (FSA), Dependent Care FSA, Group and Voluntary Life Insurance, Short- and Long-Term Disability, Pet Insurance, Transit and Parking benefits. Additional Information Applicants must be legally authorized to work in the United States. Please note that HDI Global Insurance Company does not currently sponsor, nor assume sponsorship of, employment visas.
    $110k-140k yearly 11d ago
  • Underwriter - Crime and Fidelity

    Beazley USA Services

    Underwriter job in Chicago, IL

    General Job Title: Underwriter - US Executive Risk Division: Specialty Risk Key Relationships: Brokers, underwriters, claims, wordings, insureds, external clients and suppliers Job Summary: To underwrite a US Executive Risk account within Specialty Risks and provide counsel and advice on underwriting related issues. Provide technical expertise in this business area and maintain and improve market reputation of the Beazley brand. FLSA: Exempt Key Responsibilities: Underwriting Develop and underwrite a profitable portfolio of US Executive Risk business as part of Specialty Risks. Structure tailor-made solutions by considering the team underwriting parameters and underwriting policy and using underwriting knowledge and experience to win new business and retain existing. Manage innovation and development of non-insurance service offerings to insureds and others. Monitor premiums, costs and claims ratios per contract and take corrective measures if necessary to ensure long term profitability at account level. Evaluate appropriate risk premium by considering the risk costs, reinsurance cessions, capital exposure as well as the underwriting and general administration costs to ensure profitability, using rating models as applicable. Monitor peer underwriters in their daily work to ensure profitability as well as efficient and cost effective administration of the US Executive Risk Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and Specialty Risks. Comply with Beazley's underwriting control standards for business written through Lloyd's, Beazley's subsidiaries or internal MGAs. Develop a good working relationship with the claims managers on this class of business. Client Management Advise, assist and service clients on insurance and risk matters to ensure clients' satisfaction. Foster positive relationships with clients to get a mutual understanding of both their and Beazley's needs. Maintenance of good business relationships with brokers. Maintain awareness of overall Beazley product range and take advantages of opportunities to introduce other Beazley products to clients. General Leverage networking opportunities within the business to develop standardised underwriting policy and best practice within Beazley. Develop best practice and disseminate business and class knowledge within US Executive Risk and Specialty Risks. Work with peers within the US Executive Risk and Specialty Risks to maximise business opportunities and profitability within the department. This will include but not be limited to sharing market information, marketing sources and cross selling opportunities. Share and gather knowledge within the Beazley Group to ensure dissemination of best practice and maximise business opportunities and profitability across the Group. Production of presentations and marketing literature as required. Production of business plans/research documents for the US Executive Risk account as required. It is important that within all your interactions both internally and externally you adhere to Beazley's core values - Being Bold, Striving for Better, and Doing the Right Thing - as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect Beazley employees to: Comply with Beazley procedures, policies and regulations including the code of conduct, which incorporates the PRA and FCA Conduct. Undertake training on Beazley policies and procedures as delivered by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system. Display business ethics that uphold the interests of all our customers. Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs. Comply with any specific responsibilities necessary for your role as outlined by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley's underwriting control standards, Beazley's claims control standards, other Beazley standards and customer relationship management. Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups. Personal Specification: Skills & Abilities Proficient underwriting skills Accurate and numerate Strong analytical skills with attention to detail Able to communicate effectively with others, both verbally and in writing Ability to manage time, meet deadlines and prioritise Motivational skills Knowledge & Experience General commercial and financial knowledge Experience in insurance industry Experience of US Executive Risk underwriting or broking Thorough knowledge of underwriting policy, philosophy and practice Advanced knowledge of underwriting processes and systems Client service experience Aptitude & Disposition Result focused, self-motivated, flexible and enthusiastic Professional approach to interact successfully with managers/colleagues/external suppliers Team worker as well as able to work on own initiative Customer focused, with a strong ethic of service and fairness to the customer Competencies Achievement drive Analytical thinking Strategic thinking Service focus Team working Conceptual thinking Forward thinking Essential Criteria 3-5 years of direct underwriting experience in Crime or Crime & Fidelity products, with this line representing a significant portion of the candidate's portfolio. Proven experience in underwriting US Executive Risk accounts, including risk assessment, pricing, and portfolio management within a regulated insurance environment. Strong analytical and financial skills, advanced knowledge of underwriting policy and practice, and proficiency in Microsoft Excel (pivot tables, VLOOKUP, complex formulas) with excellent communication skills for broker and client negotiations. Who We Are: Beazley is a specialist insurance company with over 30 years' experience helping people, communities and businesses to manage risk all around the world. Our mission is to inspire our clients and people with the confidence and freedom to explore, create and build - to enable businesses to thrive. Our clients want to live and work freely and fully, knowing they are benefitting from the most advanced thinking in the insurance market. Our goal is to become the highest performing sustainable specialist insurer. Our products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions and contingency; covering risks such as the weather, film production or protection from deadly weapons. Our Culture We have a wonderful mix of cultures, experiences, and backgrounds at Beazley with over 2,000 of us working around the world. Employee's diversity, experience and passion allow us to keep innovating and moving forward, delivering the best. We are proud of our family-feel culture at Beazley that empowers our staff to work from when and where they want, in an adult environment that is big on collaboration, diversity of thought and personal accountability. Our three core values inspire the way we work and how we treat our people and customers. Be bold Strive for better Do the right thing Upholding these values every day has enabled us to become an innovative and responsive organization in touch with the changing world around us - our ambitious inclusion & diversity and sustainability targets are testament to this. We are a flexible and innovative employer offering a friendly, collaborative, and inclusive working environment. We actively encourage and expect applications from all backgrounds. Our commitment to fostering a supportive and dynamic workplace ensures that every employee can thrive and contribute to our collective success. Explore a variety of networks to assist with professional and/or personal development. Our Employee Networks include: Beazley RACE - Including, understanding and celebrating People of Colour Beazley SHE - Successful, High potential, Empowered women in insurance Beazley Proud - Our global LGBTQ+ community Beazley Wellbeing - Supporting employees with their mental wellbeing Beazley Families - Supporting families and parents-to-be We encourage internal career progression at Beazley, giving you all the tools you need to drive your own career here, such as: Internal Pathways (helping you grow into an underwriting role) iLearn (our own learning & development platform) LinkedIn Learning Mentorship program External qualification sponsorship Continuing education and tuition reimbursement Secondment assignments The Rewards The opportunity to connect and build long-lasting professional relationships while advancing your career with a growing, dynamic organization Attractive base compensation and discretionary performance related bonus Competitively priced medical, dental and vision insurance Company paid life, and short- and long-term disability insurance 401(k) plan with 5% company match and immediate vesting 22 days PTO (prorated for 1st calendar year of employment), 11 paid holidays per year, with the ability to flex the religious bank holidays to suit your religious beliefs Up to $700 reimbursement for home office setup Free in-office lunch, travel reimbursement for travel to office, and monthly lifestyle allowance Up to 26 weeks of fully paid parental leave Up to 2. 5 days paid annually for volunteering at a charity of your choice Flexible working policy, trusting our employees to do what works best for them and their teams Salary for this role will be tailored to the successful individual's location and experience. The expected compensation range for this position is $120,000 - 140,000 per year plus discretionary annual bonus. Don't meet all the requirements? At Beazley we're committed to building a diverse, inclusive, and authentic workplace. If you're excited about this role but your experience doesn't perfectly align with every requirement and qualification in the job specification, we encourage you to apply anyway. You might just be the right candidate for this, or one of our other roles.
    $120k-140k yearly 17d ago
  • Underwriter

    Renasant Corp 4.3company rating

    Underwriter job in Chicago, IL

    Employer: Republic Business Credit, a subsidiary of Renasant Bank This position serves Republic Business Credit which is a subsidiary of Renasant Bank. The Underwriter will conduct activities to assess and bring new clients to funding in compliance with the Credit Policy. This position will primarily support the sales, client service and underwriting teams across its suite of products, including factoring, traditional factoring, and asset-based lending. This position will analyze leads, review client financials, and provide meaningful contributions to the credit functions of Republic Business Credit. This individual will be expected to proactively learn, engage and develop meaningful awareness of the commercial finance industry. The Underwriter will represent the Republic both internally and to the external marketplace with professionalism and excellent communication skills throughout the client lifecycle. This position is expected to: * Work closely with the underwriting, client service and new business teams in making informed credit decisions * Work closely with the Underwriting Manager and client services team to review and assess existing clients for compliance with policies and procedures * Actively participate in prospect calls with Business Development Officers and in preparation of transaction prescreen documents * Ensure compliance with credit standards for new clients being introduced * Maintain an up-to-date understanding of the company, its products, its client base, and the market to implement effective and competitive credit controls * Be current with the businesses operating procedures as set out in the Credit Policy, How to Guide, and other business resources REPUBLIC BUSINESS CREDIT AND RENASANT BANK ARE EQUAL OPPORTUNITY EMPLOYERS Responsibilities * Perform credit analysis by reviewing items including, but not limited to credit reports, personal and business financial statements, tax returns, appraisals, and field examinations to complete loan presentations for approval consideration by the appropriate approval authority. * Prepares and analyzes spreads of a company's financial statements to determine overall strengths and weaknesses of potential and current clients. Analysis includes but is not limited to debt service ratios, leverage ratios, cash flow analysis, fixed charge coverage, and tangible net worth. * Performs and completes a collateral analysis of all collateral assets including but not limited to accounts receivables, inventory, equipment, and real estate. Analysis should include a credit classification of the company's customer base, a detailed credit profile of the company's largest customers and delinquent accounts, aging analysis, delinquencies, collections, and charge offs. Inventory analysis should include inventory in days and an examination of stale inventory, spoilage, depletion, and inventory valuations. Equipment analysis should include a comparison of market value to book value and an assessment of forced liquidation values. * Contacts the customer or customer's representative to obtain additional information or explanation detail throughout the underwriting process while coordinating with the Underwriting Manager. * Identifies and assesses various business, industry and market risks to determine and categorize business trends, growth, cyclical nature, seasonality, business cycle and stages to apply findings to credit analysis. * Writing of the Client Credit Approval, Letter's of Intent, Client Reviews, Borrowing Bases, memo's and all other work products as required in support of funding new clients or current clients at the discretion of the Underwriting Manager. * Aid the legal manager in the preparation and distribution of legal documents. * Assist Underwriters in underwriting requests for new and existing clients with a focus on more complex and higher dollar exposure transactions. * Review the work of other underwriters and present deals for approval to the Credit Committee. * Lead or support collateral field examinations of prospective and current clients as workloads dictate in coordination with the Underwriting Manager, Risk, Compliance or other members of the credit committee should the need arise. * From time to time, it might be necessary to provide underwriting, analysis, or collateral examinations to the Client Service team whether it is a risk or non-risk related client request by the Underwriting Manager or member of the credit committee. * Orders underwriting items including, but not limited to, field examinations, appraisals, and UCC searches. * Owns primary responsibility for underwriting quality and works closely with the Underwriting Manager, Business Development Officers, Portfolio Managers, and outside vendors. Qualifications * Bachelor Degree required * 10 to 15 years of related experience preferred * Strong problem solving skills * Ability to critically think and evaluate solutions to complex problems * Strong communication skills * Ability to seek and gather information from a variety of sources * Accurate and thorough in all work duties * Ability to work independently while collaborating in a team environment * Ability to meet deadlines and manage expectations * Competency in Microsoft Office (particularly Word and Excel) and Google (Google Mail, Google Docs/Sheets and Google Drive) * Ability to travel, including overnight Benefits Renasant offers the following benefits for this position: Medical, Dental, Vision, Flexible Spending Account, Dependent Care Flexible Spending Account, Health Savings Account, Group Life Insurance/AD&D/LTD, Voluntary Life Insurance (Term and Whole), Supplemental Disability Plans, 401(K) Plan, Employee Assistance Program, Tobacco Cessation Program, Family Medical Leave, Paid Leave Accruals, Holiday Pay, Employee Savings Plan, and Employee Checking. The base annual salary for this position ranges from $90,000-$140,000. Pay is based on several factors including but not limited to, market location and may vary depending on job related knowledge, skills, education/training, and a candidate's work experience. Physical Demands The physical demands described are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to stand or sit; kneel, stoop, or squat; use hands or fingers to handle or feel objects, tools or controls; reach with hands and arms, and talk or hear. The employee is occasionally required to walk. The employee must occasionally lift and /or move up to 25 pounds. Specific vision abilities required by this job include close vision, peripheral vision, depth perception and the ability to focus. Work Environment The Bank's professional working environment requires employees to communicate effectively, both verbally and in writing. Employees must demonstrate strong interpersonal skills when working closely with internal business partners and external clients. Employees may be exposed to confidential and propriety information within the working environment, therefore, must uphold confidentiality at all times. Due to the possibility of being exposed to high risk situations (i.e. robbery), detailed instructions and procedures are required to be followed at all times to safeguard the Bank's employees, customers, and assets. The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. The principal duties and responsibilities enumerated are all essential job functions except for those that begin with the word "May". This is intended to describe the normal level of work required by the person performing the work. The principle duties outlined are the essential responsibilities and duties. Other duties may be assigned as needs arise. Job requirements and/or processes may be modified to reasonably accommodate persons with a disability as required by law. This description is not intended as a contract and is subject to change. Any written contractual agreements supersede this job description.
    $90k-140k yearly Auto-Apply 60d+ ago
  • Programs Underwriter II

    Canopius

    Underwriter job in Chicago, IL

    The Role To evaluate and underwrite Commercial Programs, written on a surplus-lines basis via MGA partnerships on behalf of Canopius US Insurance (CUSI), in accordance with the approved business plan and defined personal authority limits. Responsibilities Review individual submissions to MGA's for policies that fall outside of their assigned authority levels. Develop and maintain relationships with brokers and clients. Comply with company policies and risk appetite. Conduct Portfolio Management on assigned MGA programs ensuring adherence to Underwriting guidelines and contract terms such as risk limits, rates, and aggregate limits. Conduct regular portfolio reviews of MGA programs using company pricing models to ensure target loss ratios are achieved. Conduct monthly and annual audits. Further develop company relationships with assigned MGAs and broker partners which will include conducting meetings within their offices, during conferences and in CUSI offices. Qualifications 10+ years of commercial underwriting experience. Technical knowledge in Commercial Property/Liability/Auto/IM/MTC/Excess/Package Underwriting in one or more of the following classes: Mercantile, Hospitality, Habitational, Transportation, Manufacturing, Wholesale and Cannabis Individual desk underwriting / quoting experience. Portfolio Management in terms of rate, retention and NB. A general understanding of quota share agreements and facultative placements. An understanding of catastrophe modelling, and the ability to interpret model outputs. Interpret written guidelines for Underwriting rules and apply to real life scenarios Excellent client interaction skills. Ability to work and learn with a sense of urgency in a fast-paced environment. Have accountability for assigned tasks. Strong analytical, problem-solving, and critical thinking skills. Decision maker. Ability to adapt and change. Salary range: $80,000 - $120,000
    $80k-120k yearly Auto-Apply 60d+ ago
  • Construction Underwriter

    MSIG Holdings 4.1company rating

    Underwriter job in Chicago, IL

    MSIG USA continues to grow! MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., one of the world's top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business's unique risks. This underwriter role is focused on the construction business. Responsible for underwriting, and servicing profitable builders risk business through relationships with construction brokers. Essential Functions: Underwrites, and services both project and master builders risks within delegated underwriting authority. Will also underwrite related Inland Marine classes, including contractors equipment, riggers liability, installation projects, and transportation. Profitability & Underwriting Quality: (50%) Apply appropriate account selection, coverage, risk management, aggregate management, reinsurance and pricing techniques according to department guidelines to achieve target profitability for all new, renewal and endorsement activity within the assigned book of business. Maintain underwriting files and systems in accordance with department guidelines. Ensure aggregate management and risk management activities are appropriate to the risk, in line with department guidelines, and that systems reflect current and accurate data for assigned accounts per department guidelines. Monitor underwriting results, loss trends and market developments for assigned business and producers within assigned territory. Implement best practices in account management throughout the underwriting cycle, including coordination with other internal business units as appropriate. Volume & Marketing: (40%) Maintain existing accounts and develop new sources of business in line with department risk appetite and guidelines to achieve targeted volume. Establish and maintain effective producer and client relationships within assigned territory. Coordinate activities with other internal business units as appropriate. Provide timely and best in class professional service to our customers. Promote a positive impression of MSIG to producers, insureds and within the marketplace in general. Training & Development: (10%) Enhance technical expertise through continuing education opportunities as appropriate and available. Assist in training, mentoring and development of other department staff. Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Education and Experience Required: High School degree is required. Bachelor's degree or equivalent business experience preferable. CPCU/ insurance designations encouraged. 3+ years of relevant underwriting experience with demonstrated productivity, profitability and business acumen. Strong knowledge and technical expertise of relevant risks including exposures, forms, coverages, pricing methods, aggregate management, reinsurance and account management. Demonstrated market presence with the ability to form lasting producer relationships and in depth knowledge of production sources and market capabilities within the assigned territory and product lines. Strong portfolio management, organization, negotiation and time management skills with an understanding of the company's business objectives. Demonstrated ability to work effectively within teams across multiple disciplines and support activities. It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group! It is the policy of MSIG USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG USA will provide reasonable accommodations for qualified individuals with disabilities.
    $70k-112k yearly est. 60d+ ago
  • General Liability Underwriter

    Avondale Insurance Associates 4.0company rating

    Underwriter job in Chicago, IL

    Would you like to be a part of a team that delivers industry experience and creative solutions? Avondale seeks goal-driven professionals ready to take their career to the next level. Job Summary: We are looking for a detail-oriented and experienced General Liability Underwriter to join our dynamic underwriting team. In this role, you will be responsible for evaluating, assessing, and underwriting general liability insurance policies for commercial clients. Your expertise in risk analysis, pricing, and policy structuring will ensure that our company maintains profitability while managing risk effectively. You will also play a key role in building strong relationships with brokers and ensuring the proper application of underwriting guidelines and regulatory standards. Key Responsibilities: Underwrite and evaluate general liability insurance applications for a wide range of industries and businesses, ensuring risk is appropriately assessed and policies are priced correctly. Analyze and assess risk factors, such as company operations, industry type, claims history, safety protocols, and financial stability, to determine coverage, terms, and premium rates. Collaborate with brokers to gather detailed information for underwriting purposes, ensuring all relevant data is collected to make informed decisions. Apply underwriting guidelines and company policies while adhering to regulatory standards, making adjustments to policies as needed. Assess the adequacy of current policies and recommend modifications for renewals based on claims experience, risk exposure, and market conditions. Review complex insurance applications and provide clear communication to brokers about underwriting decisions, coverage options, exclusions, and pricing. Monitor industry trends, emerging risks, and competitor products to assist in pricing and underwriting strategies. Work closely with risk management teams to identify risk mitigation strategies and ensure the proper coverage is in place for clients. Maintain accurate underwriting records, decisions, and documentation for both new business and renewals. Provide mentorship and guidance to junior underwriters and assist in the development of team underwriting practices. Support claims departments with any relevant underwriting information and assist with the resolution of any claims issues related to general liability. Assist in handling some of the renewal book up to $10,000,000 annually Targeted new business production goal of $5,000,000 annually Qualifications: 3-5 years of experience in general liability underwriting or related insurance field. Strong understanding of general liability insurance products, underwriting guidelines, and industry regulations. Excellent risk assessment, analytical, and decision-making skills. Proficient in underwriting software and tools, as well as Microsoft Office Suite (Excel, Word, PowerPoint). Solid written and verbal communication skills, with the ability to interact with clients, brokers, and internal teams effectively. Strong negotiation skills and the ability to explain complex concepts clearly. Ability to work independently and manage multiple tasks in a fast-paced environment. Strong attention to detail, with an emphasis on accuracy and compliance. Preferred Skills: Bachelor's degree in Business, Finance, Insurance, Risk Management, or related field (or equivalent work experience) is a plus. Industry certifications such as CPCU, AINS, or ARM are a plus. Experience with niche general liability policies or specialized industries (e.g., construction, manufacturing, Real Estate). Pre-existing relationships with wholesale insurance brokers Knowledge of risk management strategies and loss control measures. Familiarity with claims handling processes and insurance policy language. Working Conditions: Full-time position, available in-office or hybrid (depending on location). Occasional travel may be required for client meetings or industry events. Compensation: Competitive salary based on experience, along with a performance-based bonus structure. Comprehensive benefits package, including health, dental, vision, and retirement plans. Who is Avondale? Established in 2006, Avondale Insurance Associates is an Excess and Surplus Lines Underwriting Management Company focused on small to mid-sized accounts across all property and general liability classes. What you'll get... At Avondale, you will have the opportunity to build a long-term career with unlimited growth potential. Aim high, work hard and we'll help you achieve your goals. At Avondale, you will experience our caring work environment. We care about our employees, we care about our customers, and we care about the world around us. At Avondale, you will achieve a work-life balance. We care about your physical and emotional well-being, so work-life balance is encouraged and practiced. We understand you have a life outside of work, and we want you to live it. At Avondale, you will have access to a world-class Total Rewards package. We truly value our people, which shows in our compensation, benefits, and perks. In addition to competitive pay, we have designed a performance-based annual incentive program. All employees are eligible to earn a bonus by meeting performance objectives. Comprehensive medical, dental and vision plans and numerous supplemental benefit offerings. Flexible Paid time off annually Assistance with parking expenses, discount programs for area services/experiences, and financial support for professional development and licensure/designations Access to specialized leadership development programming designed to take your career to the next level. And so much more! Avondale, a Unison Risk Advisors company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic.
    $88k-129k yearly est. Auto-Apply 60d+ ago
  • Underwriter II

    Berkley 4.3company rating

    Underwriter job in Chicago, IL

    Company Details Berkley Select delivers professional liability insurance solutions to individuals, businesses, professional services firms, and nonprofit organizations. As a Berkley company, Berkley Select is staffed with a team of experts with a specific focus on Professional Liability. Berkley Select utilizes individual risk underwriting, loss control, and claims practices providing superior products and services to its customers. Berkley Select is a Berkley Company. W. R. Berkley, founded in 1967, is one of the nation's premier commercial lines property casualty insurance providers. W. R. Berkley Corporation (NYSE: WRB). Responsibilities This role will evaluate (selection and pricing) and maintain (control) risk acceptability and profitability within the company's underwriting guidelines and procedures for professional liability with a focus on Management Liability. This individual will maintain and develop good wholesale and brokerage relationships and/or program relationships when necessary, and critically analyze risk characteristics to reach sound underwriting decisions while meeting and maintaining the production, profitability, and service standards established for the company. Work to achieve company goals to advance profitable written premium growth. Adhere to underwriting authority level and guidelines in place. Gather underwriting information to properly evaluate commercial risks for acceptability within company guidelines. Underwrite to acceptable profitability metrics Meet/Exceed production, profitability, retention and service targets. Ability to research and solve more complicated problems and make decisions. Understand rate development and ability to price underwriting exposures correctly. Determine final coverage and pricing for professional liability risks. Recommend policy form enhancements and endorsements to advance the business. Knowledge of competitor form and coverages. Work in both a collaborative team environment but also be able to work independently. Review claims and loss information on individual risks. Use this information to identify and re-evaluate accounts and develop a strategy for dealing with exposures and frequency issues. As a team with the Manager, manage the portfolio profitability and identify favorable and unfavorable classes of business. Adhere to pricing metrics for sustained book performance and favorable loss history. Maintain quality and performance standards as established, such as turnaround and response time. Be informed/knowledgeable of industry issues and activities through formal educational processes to develop underwriting skills. PLUS membership or involvement is preferred. Identify and cultivate brokers with new business opportunities and build renewal relationships. Regular and predictable attendance at meetings with willingness to occasionally travel. Assist with training and educating junior level employees. Regular and predictable attendance. Other duties and special projects as assigned. Qualifications Four (4) year College Degree or equivalent proven product line experience. Insurance designations, such as an RPLU, are a plus. Must be able to conceptualize and analyze financials at a college level, as required by product line. Must be able to analyze professional liability risk characteristics. Good written and oral communications skills, including the ability to compose various types of business correspondence. Knowledge of E&O underwriting coverages and policy form terms and conditions. - Must have prior experience Must be able to manage multiple priorities, have good analytical skills and the ability to exercise independent judgment. Must be customer service oriented; a team player; willing to learn; organized; detail oriented and flexible. Focus on building broker relationships and proven development of those relationships. Working knowledge of PC's and other software programs (including Microsoft Word and Excel). Knowledge of Accountants Professional Liability a plus. Knowledge of P.L. programs a plus. Additional Company Details The position is based in Chicago; in-office four days per week. We do not accept any unsolicited resumes from external recruiting firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes: Base Salary Range: $90,000 - 100,000. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. This role is eligible to participate in the annual discretionary bonus program. Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans. Sponsorship Details Sponsorship not Offered for this Role
    $90k-100k yearly Auto-Apply 60d+ ago
  • Underwriter - Media

    Hiscox

    Underwriter job in Chicago, IL

    Hiscox USA is currently searching for a dynamic, engaging and solutions-oriented underwriter to drive our media product. Here at Hiscox, we know how to underwrite Media. From Creatives to YouTube/TikTok channels to VFTs, we know the emerging risks. Media Liability insurance provides coverage for the needs of media clients creating or disseminating content. This includes broad protection for broadcasters and publishers who are at risk while constantly updating their methods of content distribution globally. Advertising agencies need coverage as they boldly create, plan, and handle innovative and dynamic marketing campaigns in an increasingly fluid market. Video and film producers need the confidence necessary to move forward with small productions or Hollywood blockbusters-without worrying about substantial liability claims that can arise even when all necessary clearances have been obtained. What You'll Be Doing: This position provides a unique opportunity to join a fast-paced, dynamic team. As a Media Underwriter, you will be supporting and actively contributing to the team's strategic growth and execution of goals. You will be responsible for underwriting a book of new and renewal business and managing a few programs. You will also work closely with other underwriters, product leaders and team leaders to be a solution provide in this evolving sector. The role also carries the responsibility for developing new broker relationships and increasing the depth of existing broker relationships throughout the region. At times, regional travel may be required including industry events and broker visits. Job Requirements: You are a driven and motivated self-starter with a strong work ethic looking for meaningful work. You enjoy working with brokers to build a book of business and you our passionate about the power of superior customer service and offerings. You also have some knowledge of entertainment and/or professional underwriting experience while having the desire to develop your technical underwriting and business development skills. What We Offer: 401(k) with competitive company matching Comprehensive health insurance, vision, dental and FSA plans (medical, limited purpose, and dependent care) Company paid group term life, short- term disability and long-term disability coverage 24 Paid time off days plus 2 Hiscox days,10 paid holidays plus 1 paid floating holiday, and ability to purchase up to 5 PTO days Paid parental leave 4-week paid sabbatical after every 5 years of service Financial Adoption Assistance and Medical Travel Reimbursement Programs Annual reimbursement of up to $600 for health club membership or fees associated with any fitness program Company paid subscription to Headspace to support employees' mental health and wellbeing 2023 Gold level recipient of Cigna's Healthy Workforce Designation for having a best-in-class health and wellness program Dynamic, creative and values-driven culture Modern and open office spaces, complimentary drinks Spirit of volunteerism, social responsibility and community involvement, including matching charitable donations for qualifying non-profits via our sister non-profit company, the Hiscox USA Foundation Salary Range - $80,000 - $110,000 The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. **Please note this position is hybrid and requires two (2) days in office weekly** #LI-RM1 Work with amazing people and be part of a unique culture
    $80k-110k yearly Auto-Apply 60d+ ago
  • Underwriter, US Environmental

    Westfield Group, Insurance

    Underwriter job in Chicago, IL

    We are seeking an experienced Underwriter to join our Environmental team to be based in either our Berkeley Heights, NJ, Alpharetta, GA or Chicago, IL offices. As a member of the Environmental underwriting team, you will be responsible for generating new business, growing and maintaining key broker and client relationships and overseeing a profitable portfolio of business. This position will be part of a vibrant, collaborative team of technical production underwriters. The role will report to Senior Vice President of Environmental.
    $50k-83k yearly est. 59d ago
  • Underwriter, Executive Assurance

    Archgroup

    Underwriter job in Chicago, IL

    With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠. Position Summary: The Underwriter / Senior Underwriter, Growth & Middle Market is responsible for the submission generation, underwriting and policy issuance of Directors and Officers Liability, Employment Practices Liability, Fiduciary Liability, Fidelity insurance, Kidnap & Ransom and Cyber Liability for entities that meet the GMM account definition within the Central Region. The Growth & Middle Market department works with privately held companies with annual revenues of less than $1 Billion and publicly traded companies with annual revenues of less than $500 Million. This will be a hybrid (2 days onsite) position in Chicago, IL. Position offered will be dependent upon the individual candidate's qualifications. Responsibilities and Accountabilities: Underwrite and price products, to include financial and exposure analysis Monitor new business flow, quote ratio and hit ratio from each target agency to monitor variances to plan. Develop strategies to correct variances with each agency. Represent Arch and Executive Assurance professionally whether internally or externally at agent offices or industry events. Attendance at meetings with outside company management Policy contract review and rating Claims review Binding of new and renewal accounts according to our underwriting philosophy and strategy Provide monthly forecasts for new and renewal business and regular reconciliations to such forecasts. Be able to provide detail as to variances from forecast, include new business results, lost business and pricing changes. Service brokers and customers, to drive new business opportunities via existing relationships as well as where there is no existing relationship; continually prospects for new opportunities. Coaching and developing the more junior underwriters in the region Required Skills and Abilities: 1 to 5 years of private company D&O, EPL or Fiduciary underwriting experience Exemplary oral and written communication skills Analytical, with a keen ability to think through issues Solid understanding of financial statements Strong customer-service focus Ability to develop strong relationships with brokers in order to successfully manage our business which will require travel to producer location or insured location. Able to organize and prioritize to meet multiple demands and commitments Ability to work independently as a member of a team working to build a profitable book of business Effective negotiation skills Proficient in MS Word, Excel and Outlook Education and Experience: Bachelor's Degree, ideally in Economics, Business, Finance or Accounting RPLU or CPCU designation preferred #LI-AM3 #LI-Hybrid For individuals assigned or hired to work in the location(s) indicated below, the base salary range is provided. Range is as of the time of posting. Position is incentive eligible. $70,000 - $80,000/year Total individual compensation (base salary, short & long-term incentives) offered will take into account a number of factors including but not limited to geographic location, scope & responsibilities of the role, qualifications, talent availability & specialization as well as business needs. The above pay range may be modified in the future. Arch is committed to helping employees succeed through our comprehensive benefits package that includes multiple medical plans plus dental, vision and prescription drug coverage; a competitive 401k with generous matching; PTO beginning at 20 days per year; up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer; basic Life and AD&D Insurance as well as Short and Long-Term Disability; Paid Parental Leave of up to 10 weeks; Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care; and more. Click here to learn more on available benefits. Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn't the right fit but you're interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch's Talent Acquisition team. 14400 Arch Insurance Group Inc.
    $70k-80k yearly Auto-Apply 60d+ ago
  • Underwriter - Allied Healthcare, Programs

    CNA Holding Corporation 4.7company rating

    Underwriter job in Chicago, IL

    You have a clear vision of where your career can go. And we have the leadership to help you get there. At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential. Under broad supervision, responsible for underwriting risks in a book of business. Works within limited authority on assignments of moderate technical complexity. Utilizes underwriting policies and guidelines, rating manual rules and insurance laws and regulations. JOB DESCRIPTION: Essential Duties & Responsibilities Performs a combination of duties in accordance with departmental guidelines: Reviews applications and financial requirements for risks requiring moderate technical underwriting skills. Determines acceptability of risk in accordance with company guidelines and standards. Recommends appropriate pricing and coverage modifications or enhancements for risks after complete analysis and consideration of applicant documentation, business factors and competitive situations. Prepares quotes and answers questions from agencies, internal and external contacts and escalates issues as necessary. Prepares written communication on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations. Verbally notifies agents of decisions where appropriate in order to ensure clear understanding of the decision. Analyzes quality, quantity, and profitability of risks underwritten and prepares reports for management review. May assist in marketing products and services through agencies or through the brokerage community and makes field visits. Develops and maintains positive agency and/or broker relationships to ensure positive outcomes. Keeps current on state/territory issues, regulations and trends. Works with more senior underwriters or management on risks exceeding authority level or requiring special handling. Develop proficiency in all relevant CNA systems. Also, may update the underwriting systems. Skills, Knowledge & Abilities 1. Knowledge of underwriting and insurance industry theories and practices. 2. Developing technical expertise and negotiation skills. 3. Strong interpersonal and communication skills. Ability to effectively interact with all levels of CNA's internal and external business partners. 4. Ability to work independently. 5. Strong ability to identify, analyze and solve problems as well as the ability to learn rapidly, adapt quickly to change, and to manage and prioritize multiple concurrent projects. 6. Ability to exercise independent judgment and make sound business decisions effectively. 7. Knowledge of Microsoft Office Suite as well as other business-related software. 8. Demonstrated leadership skills Education & Experience 1. Bachelor's degree or equivalent experience. 2. Completion of a formal underwriting training program or minimum one year underwriting experience. #LI-KC2 #LI-Hybrid In certain jurisdictions, CNA is legally required to include a reasonable estimate of the compensation for this role. In District of Columbia, California, Colorado, Connecticut, Illinois , Maryland, Massachusetts , New York and Washington, t he national base pay range for this job level is $47,000 to $78,000 annually. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location. CNA offers a comprehensive and competitive benefits package to help our employees - and their family members - achieve their physical, financial, emotional and social wellbeing goals. For a detailed look at CNA's benefits, please visit cnabenefits.com. CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact ***************************.
    $47k-78k yearly Auto-Apply 2d ago
  • FM Affiliated Production Underwriter (I, II, III or Sr.)

    FM 3.9company rating

    Underwriter job in Park Ridge, IL

    FM Affiliated is looking for a Production Underwriter to join the Chicago Office. This unique opportunity to be a part of the largest FM Affiliated office is extremely important because the FM Affiliated Production Underwriter is responsible for both new business production as well as renewal retention while maintaining underwriting profit and protecting the company's assets. The Production Underwriter demonstrates team leadership and initiative, good judgment, and decision-making skills. **We are open to considering candidates with a variety of experience levels for this role. Both mid-level and senior-level candidates are encouraged to apply.** The Production Underwriter must effectively market FM Affiliated products and services to a network of producers with whom long term relationships are developed, maintained, and cultivated. The FM Affiliated production underwriter is responsible for profitable risk selection, negotiation of pricing, terms, and conditions, and using creative underwriting strategies to optimize net retentions that effectively balance both customer and company needs. The Production Underwriter is responsible to coordinate account team resources to provide excellent and responsive services that add value to our broker and customer relationships. The Production Underwriter works closely with Account Engineers to review renewal and new business opportunities to ensure proper risk identification, analysis, and assessment in order to ensure the development and growth of a profitable portfolio of business in the Chicago territory. FM Affiliated Production Underwriters primary relationships are with Brokers and reinsurers for insurance-related issues. Responsibilities include meeting specific profit, production, and retention goals as developed in consultation with Regional and Area manager. Multiple business contacts must be established, and an effective program of calls must be executed averaging 8-10 face-to-face visits a month to ensure high visibility. New risks must be pre-qualified based on acceptability today and its future potential. This includes a thorough analysis of the broker submission, desired pricing, terms and conditions, financial condition, adequacy of reported values, and loss experience. The company's assets must be protected by adhering to company underwriting standards and procedures. This will include determining the amount subject and net capacity commitment, in addition to checking cross liability, managing catastrophe aggregate retentions, negotiating, and purchasing reinsurance and establishing commissions in a manner most advantageous to the company. + This position requires someone with a bachelor's degree or equivalent combination of education and experience. + 2 years of commercial underwriting experience Candidate must also have experience dealing with a variety of occupancies as well as current engineering and underwriting issues such as current property coverages and forms, and/or quickly learn and keep updated on industry state of the art. + Additionally, this person will be proficient in and have excellent organizational, time management, problem solving, decision making, interpersonal and selling skills and a working knowledge of MS Office products. The final salary offer will vary based on geographic location, individual education, skills, and experience. The position is eligible to participate in FM Global's comprehensive Total Rewards program, which includes an incentive plan, generous health and well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, time off allowances, and much more. FM Global is an Equal Opportunity Employer committed to attracting, developing, and retaining a diverse workforce.
    $33k-60k yearly est. 31d ago
  • Copy of Underwriter (Commercial)

    Anchor Group Management

    Underwriter job in Schaumburg, IL

    Full-time Description Demonstrates ability to independently review and approve applications submitted and renewals in accordance with carrier guidelines, procedures and delegated authority. Responds to referrals or traditional submissions from broker partners through point-of-sale system within standard timeframes. Determines appropriate pricing by either applying predictive model results or recommended deviation in conjunction with Underwriting leadership. Established proficiency with loss rating, composite rating and other non-traditional rating methods. Prepares quotes, issues policies and follows up for completion of quote subjectivities. Prescreening of renewal business and makes recommendations for non-renewal. Ability to work autonomously and think creatively. Accountability for results of assigned Territory and/or Brokers. Must be able to understand cause and effect of any adverse result and make recommendations to management for an effective solution. Keep current with changing trends, economic indicators, competitors and state regulations. Maintains professional and technical knowledge by attending educational workshops, reviewing professional publications, establishing personal networks, participating in professional societies. Contribute to team effort by accomplishing established department goals. Other duties as assigned. Requirements Bachelor's Degree or equivalent work experience Minimum of 1-year Commercial Auto Underwriting experience. Demonstrated knowledge of Underwriting principles and ISO rules. Ability to manage, prioritize and perform multiple tasks and projects while maintaining workload. Effective interpersonal, communication and time management skills. Ability to work collaboratively with our internal and external customers. Knowledge of Microsoft Office products including Word and Excel. Ability to travel overnight 10% of the time. Anchor Group Management Inc. Benefits Medical, Dental, Vision, FSA and HSA Plans. Employer annual contribution to HSA plan Employer sponsored basic life and basic life AD&D insurance, short term disability Voluntary life insurance Voluntary long term disability Voluntary Ancillary benefits: Accident-Hospital-Critical Illness 401K with Fidelity 401K employer match Transportation Stipend Salary Description range $50,000 to $73,000
    $50k-73k yearly 3d ago
  • Loss Mitigation Underwriter

    Amerinational Community Services

    Underwriter job in Palatine, IL

    The primary objective of this position is to perform underwriting activities for any delinquent borrower requesting mortgage assistance in accordance with federal, state, and client/investor-specific guidelines while following company's policies and procedures under general supervision. The Loss Mitigation Underwriter will be responsible for reviewing applications for various relief programs and determining eligibility for various home retention and foreclosure alternative workouts. Requirements Major Duties and Responsibilities: Review submitted application material against checklist of requirements. Report missing, incomplete, or inaccurate documentation through automated systems. Communicate effectively with coworkers on file status and program requirements Perform a thorough analysis through LMS underwriting system or client spreadsheet to ensure the quality of each loan and to determine compliance with Company and Investor guidelines. Calculate customer's front and back-end debt to income ratio and verify occupancy, hardship and income. Submit recommendations to clients or investors for approval. Document final decision and update system of record. Deliver exceptional service to external and internal customers. Adhere to established timelines as defined by regulatory and client requirements for formal loss mitigation evaluations Perform other loss mitigation or default servicing duties as assigned. Supervisory Requirements: None Additional Expectations: Provide a professional example, accuracy, and consistency in work performance. Respect teammates. Participates and active team member by assisting others. Communicates in a courteous manner. Have a solution rather than a complaint to resolve issues promptly. Keep management informed of pertinent information. Communicate openly and often. Maintains the quality and integrity of the services provided by the department. Supports the overall goals of the Company and that services are delivered professionally and efficiently. Create an atmosphere within the organization that attains and maintains a high level of morale and embraces our Vision-Mission-Values and our Goals and Objectives “VMVGO”. Embrace change without resistance and adapt quickly, however do provide feedback when necessary. Requirements & Qualifications: High school diploma or equivalent required. Two (2) to three (3) years' of underwriting background or servicing/loss mitigation experience Strong working knowledge of Microsoft Suite (Word, Excel, Outlook, etc.). Ability to understand complex problems and to collaborate and explore alternative solutions. Ability to organize and prioritize own work schedule on short-term and long-term basis. Ability to add, subtract, multiply, and divide and to record, balance, and check results for accuracy. Ability to clearly and accurately express or exchange ideas by verbally or in writing. Thorough understanding of the Consumer Financial Protection Bureau rules. Ability to calculate figures and amounts such as interest rates, principal balance and late charges. Knowledge of MS Word, Outlook and Excel required. Ability to solve practical problems and deal with a variety of unique situations. Ability to apply common sense understanding to carry out instruction furnished in written, oral, diagram or schedule form. Must be able to multi-task in a fast-paced environment. Excellent organizational and follow-up skills with the ability to prioritize. Bilingual (English and Spanish) a plus. Strong comfort level with technology, including ability to adapt to new systems quickly and easily. Thorough knowledge of and comfort with the Microsoft office suite applications. Physical Requirements Talking - Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly. Hearing - Able to hear average or normal conversations and receive ordinary information. Repetitive Motion - Movements frequently and regularly required using the wrists, hands, and/or fingers. Vision - Average, ordinary, visual acuity necessary to prepare or inspect documents or products or operate machinery. Physical Strength - Sedentary work; sitting most of the time. Exerts up to 10 lbs. of force occasionally. This description has been designed to indicate the general nature and level of work performed by an employee in this position. The actual duties, responsibilities and qualifications may vary in the future based on new or revised work assigned to this position. AmeriNat offers a competitive benefits package including 401k; performance incentives; paid medical, life and long-term disability; dental; PTO and holiday pay as well as opportunities for advancement. Dress code is business casual (jeans allowed) and occasional business attire required. AmeriNat will consider qualified applicants in a manner consistent with local “Fair Chance” ordinances. AmeriNat is an Equal Opportunity Employer. Salary Description $ 28 - $ 32 / hour
    $28-32 hourly 60d+ ago
  • Credit Underwriter I-Leasing/Healthcare, Education, Not For Profit

    Bank of America 4.7company rating

    Underwriter job in Chicago, IL

    Chicago, Illinois;New York, New York; Boston, Massachusetts; Providence, Rhode Island; Charlotte, North Carolina **To proceed with your application, you must be at least 18 years of age.** Acknowledge Refer a friend **To proceed with your application, you must be at least 18 years of age.** Acknowledge (************************************************************************************************************************************** **:** At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! **Job Description:** This job is responsible for performing risk assessment and repayment capacity analysis (i.e., financial, borrower, industry, etc.) and preparing transaction justification for complex transactions with limited supervision. Key responsibilities include documenting credit analysis, independently assessing historic and projected borrower financial information, evaluating adherence to policy and procedure, providing loan structure analysis and recommendations, and monitoring portfolio performance. **Responsibilities:** + Evaluates credit worthiness and provides analysis and decisioning on whether a client should receive a credit facility + Partners with Credit Officers, Relationship Management, and Risk teammates to assess and deliver credit solutions + Monitors the client's operating performance and financial condition, proactively identifying issues and opportunities + Delivers financial modeling, loan structure, industry, economic, and other analyses to team members to support the loan decision-making process + Ensures adherence to credit policies, guidelines, procedures, and applicable regulatory requirements **Required Qualifications:** + 3+ years of Commercial Credit and/or Commercial Leasing/Equipment Finance experience **Desired Qualifications:** + Undergraduate degree in finance or accounting; MBA preferred. + Experience in the analysis and structuring of complex transactions + Strong credit and risk analysis skills + Strong presentation, structuring and financial statement analysis skills + Proven ability to analyze, interpret and negotiate third party documentation + Proven ability to identify trends and emerging risks in underwriting and client selection **Skills:** + Attention to Detail + Financial Analysis + Underwriting + Written Communications + Analytical Thinking + Credit Documentation Requirements + Credit and Risk Assessment + Financial Forecasting and Modeling + Recording/Organizing Information + Business Acumen + Collaboration + Collateral Management + Loan Structuring + Prioritization **Minimum Education Requirement:** High School Diploma / GED / Secondary School or equivalent **Shift:** 1st shift (United States of America) **Hours Per Week:** 40 Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. View your **"Know your Rights (************************************************************************************** "** poster. **View the LA County Fair Chance Ordinance (************************************************************************************************** .** Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work. This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
    $46k-63k yearly est. 8d ago
  • Mortgage Protection Sales

    Spieldenner Financial Group

    Underwriter job in Chicago, IL

    Spieldenner Financial Group is a part of the fastest-growing insurance organization in the country. Our most important focus areas include getting agents paid quickly, keeping costs minimal, and giving agents the training and support needed to achieve success. Job Duties: Setting Appointments: 6-8 hours per week: reaching out to potential clients that have previously requested coverage with our company and scheduling a time to meet with them to discuss their mortgage protection coverage. Research: 4-5 hours per week: digging into the information the client provided in order to customize options to meet their financial need in the case of a death or disability. Meeting with Families: 2 days per week: meeting with clients either virtually or in-person (the choice is yours) to present their options, discuss the details of the coverage, and help them apply for coverage. Administrative: 2 hours per week: following up with insurance carriers to facilitate client applications through underwriting Qualifications: We are looking for coachable, challenge-seeking, self-disciplined individuals with a growth mindset: Skill set isn't everything for this position. What We Do: We serve people: Every week, we sit with our clients (in person or virtually) and take a deep dive into their financial situation. We protect our clients: We partner with top-rated insurance companies to customize a plan that provides a personalized solution that will protect their largest asset: the ability to make an income. We grow : We are a personal development company that just happens to sell insurance. We strive to make a generational impact in the lives of our clients, our agents, and our community! What Sets us Apart: We maintain a people-first mentality that starts and ends with our agents. Our unparalleled benefits and connections within the insurance industry ensure that our agents have the resources they need to excel inside and outside of work If you feel this might be the home you have been looking for. Click APPLY! Commissions as a New Agent: This position is a commission-only based sales position. The average commission on a mortgage protection product is approximately $600 per family you protect. Our expectation is that a full-time agent will sell 5 to 10 mortgage protection plans per week. In addition to mortgage protection, we also have a selection of premium financial products to help people save for retirement or protect their current retirement accounts (e.g. 401k's and IRA's) from losing money in the stock market. We have extensive training on how these products work and how to sell them. In addition to uncapped commission, we have a competitive bonus structure program along with incentive trips agents/managers can qualify for based on their individual and team results. ***No agent's success, earnings, or production results should be viewed as typical, average, or expected. Not all agents achieve the same or similar results, and no particular results are guaranteed. Your level of success will be determined by several factors, including the amount of work you put in, your ability to successfully follow and implement our training and sales system and engage with our lead system, and the insurance needs of the customers in the geographic areas in which you choose to work.
    $45k-70k yearly est. Auto-Apply 2d ago
  • Associate Insurance Underwriter - Commercial Lines

    Amwins 4.8company rating

    Underwriter job in Chicago, IL

    At Amwins, we succeed together - and have a good time doing it. We know people don't leave companies. They leave cultures - which is why we work so hard on ours. At Amwins, we thrive on collaboration, not cutthroat competition. Our teams work together to help each other succeed, and we do right by our clients so they can do right by theirs. First and foremost, we invest in our employees. That investment shows in everything we do; education and development programs, comprehensive and competitive benefits, and an organizational structure that's 43% owned by employee shareholders. Our commitment to diversity, equity and inclusion helps cultivate an open, welcoming workplace that reflects the communities we serve. You will have the opportunity to volunteer within Amwins through a wide range of committees and in your community through the Amwins Foundation and Summer of Service. Working at Amwins means you love what you do, how you do it and, ultimately, who you do it with. Whether it's today or 150 years from now, we continue to invest in our culture and your development so opportunities for growth and career advancement are never in short supply. Learn more about us at amwins.com. We see you in Amwins blue! Join our Amwins Access team in Chicago as an Associate Underwriter! This is a full time, in office position in our Chicago office. Snapshot of what Amwins provides to our team members: * Compensation includes a salary commensurate with experience * Annual bonus potential * Broad benefits package available * Most benefits available first day of employment * Medical, Dental, Vision, Life, etc * Parental Leave, Adoption Assistance, Travel Reimbursement for healthcare, Retail Discount Program, Scholarships for dependents of Amwins employees, etc * Generous Paid Time Off and Company Holiday Schedule * Collaborative, continuing education focused work environment * Career advancement opportunities Each Associate Underwriter provides vital team functions: * Review submission information required to issue new or renewal quotes * Rating and preparation of new or renewal quotes as directed by Underwriter * Review and handling of inspection recommendations and discrepancies * Monitor various reports for consistency * Potential for policy issuance and endorsement processing, including audits * Assist in accounting procedures such as invoicing * Data entry into multiple internet based systems We are looking for people with: * At least 1 year of prior insurance experience * Wholesale insurance experience preferred! * Exceptional communication skills, organization, professionalism and customer-service mentality * Excellent computer skills including Microsoft 365 proficiency with an emphasis in Excel spreadsheets Pursuant to Illinois regulation, the compensation range for this position is $58,700 to $65,000 and includes eligibility for performance-based bonuses. The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities or physical requirements. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
    $58.7k-65k yearly 25d ago
  • Underwriter

    Berkley 4.3company rating

    Underwriter job in Chicago, IL

    Company Details Berkley Select delivers professional liability insurance solutions to individuals, businesses, professional services firms, and nonprofit organizations. As a Berkley company, Berkley Select is staffed with a team of experts with a specific focus on Professional Liability. Berkley Select utilizes individual risk underwriting, loss control, and claims practices providing superior products and services to its customers. Berkley Select is a Berkley Company. W. R. Berkley, founded in 1967, is one of the nation's premier commercial lines property casualty insurance providers. W. R. Berkley Corporation (NYSE: WRB). Responsibilities The Underwriter I - Lawyers Professional Liability role is designed for professionals with foundational experience in underwriting, particularly within the Errors & Omissions (E&O) space. This position focuses on evaluating and managing risk for Lawyers Professional Liability accounts. The ideal candidate will demonstrate strong analytical skills, a collaborative mindset, and a desire to grow within a dynamic underwriting team. This role offers the opportunity to build key broker relationships and contribute to the expansion of our business portfolio. Underwriting Review and analysis of new and renewal submissions, including claims history, financials, and coverage needs. Help determine territory and pricing strategies in collaboration with other LPL underwriters. Prepare and issue indications, quotes, binders, and policy documents with accuracy and timeliness. Monitor upcoming renewals and ensure timely communication with brokers. Account Management Adherence to pricing initiatives, rate plan and rate strategy. Knowledge and understanding of Underwriting Guidelines. Measured success based on written premium and retention. Broker Relationship Management Support broker communications by timely gathering required information and responding to inquiries. Maintain accurate broker contact logs, reports, and activity records in underwriting system. Communicate expectations to brokers and work with Customer Relationship Management tools and systems. Travel to visit producers within defined territories based on relationships. Pre-Underwriting & Operational Tasks Gather third-party reports, prior claim history, and other underwriting data for renewal accounts. Assist in identifying accounts requiring non-renewal or changes in terms. Ensure completeness and accuracy of underwriting documentation and system entries. Training & Development Participate in structured training programs and on-the-job learning to build underwriting expertise. Collaborate with senior underwriters and cross-functional teams on special projects and process improvements. Attend industry education events. Other Special projects or reports as determined by need. Regular and predictable attendance. Qualifications Bachelor's degree preferred (Business, Finance, Risk Management, or related field). Insurance designations, such as an RPLU, are a plus. Prior experience in Errors & Omissions insurance or professional liability underwriting. Strong analytical, organizational, and decision-making skills. Excellent verbal and written communication abilities. Motivated by a competitive, results-driven environment. Proficient in Microsoft Office Suite (Excel, Word, Outlook). Customer-focused, collaborative, and eager to grow professionally. Additional Company Details The position is based in Chicago; in-office four days per week. We do not accept any unsolicited resumes from external recruiting firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans. Base Salary Range: $72,000 - 88,000. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. This role is eligible to participate in the annual discretionary bonus program. We also offer: • Comprehensive training and mentorship from industry experts. • Clear career development pathways within a growing underwriting team. • Inclusive and collaborative office culture in downtown Chicago. • Competitive compensation and benefits package. The Company is an equal employment opportunity employer. Sponsorship Details Sponsorship not Offered for this Role
    $72k-88k yearly Auto-Apply 58d ago
  • Underwriter, Portfolio Solutions

    Canopius

    Underwriter job in Chicago, IL

    The Role Joining a new and fast-growing division of Canopius, helping build a market-leading Portfolio Solutions offering globally. This role will be the first such role in the US and will spearhead our offering with our US trading partners and be an ambassador for Canopius Portfolio Solutions internally and externally. The role will require a portfolio mindset - you may come from an actuarial or reinsurance background or a highly quantitative underwriter - looking to get into the underwriting of portfolio trackers. It will include highly technical portfolio analysis and plenty underwriter and client engagement. You will help us build out our brand in local markets as we develop innovative portfolio products within profitable guidelines and regulations. Key to the role will be to drive the data strategy and intelligence gathering from CPS and disseminate this into the wider Group. Responsibilities Monitors loss ratios and profitability of portfolios, regularly monitors actual and expected pricing experience, works with stakeholders to build and deliver key performance indicator reports. Day-day-contract management with broker partners Drive insights into CPS business and develops high-quality, regular reporting and monitoring of all contracts Assessment of underwriting guidelines, monthly monitoring of contracts and dissemination of information and intelligence to the wider open market underwriting teams. Acts as a technical expert internally, representing the division in all internal matters. Help develop Portfolio Analytics across the division Seeks new opportunities and explores collaboration internally with innovative insights. Ensures all work conducted in line with company policies and with high-quality documentation. Plans and organizes own work, maintaining a high-level of communication within the team. Fosters a positive culture in a dynamic and fast-paced environment. Qualifications Communication Data Analysis Actuarial Analysis Portfolio Underwriting mindset Portfolio Analytics External Environment Knowledge Risk Management Stakeholder Engagement Salary: $150,000 - $225,000
    $50k-83k yearly est. Auto-Apply 60d+ ago
  • Associate Insurance Underwriter - Commercial Lines

    Amwins Group 4.8company rating

    Underwriter job in Chicago, IL

    At Amwins, we succeed together - and have a good time doing it. We know people don't leave companies. They leave cultures - which is why we work so hard on ours. At Amwins, we thrive on collaboration, not cutthroat competition. Our teams work together to help each other succeed, and we do right by our clients so they can do right by theirs. First and foremost, we invest in our employees. That investment shows in everything we do; education and development programs, comprehensive and competitive benefits, and an organizational structure that's 43% owned by employee shareholders. Our commitment to diversity, equity and inclusion helps cultivate an open, welcoming workplace that reflects the communities we serve. You will have the opportunity to volunteer within Amwins through a wide range of committees and in your community through the Amwins Foundation and Summer of Service. Working at Amwins means you love what you do, how you do it and, ultimately, who you do it with. Whether it's today or 150 years from now, we continue to invest in our culture and your development so opportunities for growth and career advancement are never in short supply. Learn more about us at amwins.com. We see you in Amwins blue! Join our Amwins Access team in Chicago as an Associate Underwriter! This is a full time, in office position in our Chicago office. Snapshot of what Amwins provides to our team members: Compensation includes a salary commensurate with experience Annual bonus potential Broad benefits package available Most benefits available first day of employment Medical, Dental, Vision, Life, etc Paternal Leave, Adoption Assistance, Travel Reimbursement for healthcare, Retail Discount Program, Scholarships for dependents of Amwins employees, etc Generous Paid Time Off and Company Holiday Schedule Collaborative, continuing education focused work environment Career advancement opportunities Each Associate Underwriter provides vital team functions: Review submission information required to issue new or renewal quotes Rating and preparation of new or renewal quotes as directed by Underwriter Review and handling of inspection recommendations and discrepancies Monitor various reports for consistency Potential for policy issuance and endorsement processing, including audits Assist in accounting procedures such as invoicing Data entry into multiple internet based systems We are looking for people with: At least 1 year of prior insurance experience or a related Bachelor's degree from an accredited four-year university Commercial Lines experience is a plus! Exceptional communication skills, organization, professionalism and customer-service mentality Excellent computer skills including Microsoft 365 proficiency with an emphasis in Excel spreadsheets Pursuant to Illinois regulation, the compensation range for this position is $58,700 to $65,000 and includes eligibility for performance-based bonuses. The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities or physical requirements. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
    $58.7k-65k yearly 60d+ ago

Learn more about underwriter jobs

How much does an underwriter earn in Mount Prospect, IL?

The average underwriter in Mount Prospect, IL earns between $40,000 and $105,000 annually. This compares to the national average underwriter range of $39,000 to $96,000.

Average underwriter salary in Mount Prospect, IL

$64,000

What are the biggest employers of Underwriters in Mount Prospect, IL?

The biggest employers of Underwriters in Mount Prospect, IL are:
  1. Anchor Group Management
  2. F & M Enterprises Inc
  3. National Life Group
  4. FM Global
  5. Amerinational Community Services
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