Senior Underwriting Specialist

Role Description

This position is a field role within Central Pennsylvania or Maryland.

• Leads the evaluation and underwriting of new and renewal business, ensuring alignment with Company underwriting guidelines and risk appetite.
• Develops and implements advanced risk assessment models to make informed decisions on coverage, pricing, and terms.
• Fosters strategic partnerships with actuaries, agents, brokers, and clients to obtain necessary information and provide guidance.
• Procures and analyzes supplementary reports and screenings, such as motor vehicle reports, loss history reports, and external inspections, to support underwriting decisions.
• Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations.
• Evaluates complex policy renewals and modifications, identifying opportunities for policy enhancements and risk mitigation.
• Communicates underwriting strategies and decisions effectively to internal teams, agents, and brokers.
• Monitors and shares insights on industry trends, regulatory changes, and market conditions.
• Maintains effective business relationships with internal and external customers/coworkers, focusing on generating new business and retaining profitable business.
• Monitors and evaluates underwriting practices, assisting with implementing strategic adjustments to improve overall effectiveness and outcomes.
• May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports.
• Performs other duties as assigned.

Qualifications

• Bachelor’s Degree in Business, Economics, Risk Management and Insurance, or a related field or equivalent experience.
• Generally, a minimum of 13 years of experience in Underwriting or a related field.
• Continuing progress toward and/or the completion of a professional designation preferred, such as Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS) or Associate of Risk Management (ARM), or a marketing designation.
• Familiarity with marketing strategies and tools is beneficial.

Requirements

• Performs work under minimal supervision.
• Works at the highest authority limits on the most complex assignments.
• Maintains expert knowledge of company policies and industry laws and regulations.
• Demonstrates expert analytical, risk assessment, and problem-solving skills.
• Excellent interpersonal and communication skills.
• Advanced negotiation and decision-making ability.
• Recognized as the company expert in the field.
• May serve as the highest point of escalation for decisions regarding risk and coverage.
• Position requires occasional travel.

Benefits

• Compensation varies by role, position level, and location.
• Individual pay is influenced by skills, education, training, certifications, experience, and the role's scope and complexity, along with business needs.
• We offer a competitive Total Rewards package, including medical, dental, and vision plans starting on day one.
• PTO, paid holidays, commuter benefits, an employee stock purchase plan, education reimbursement, paid parental leave/adoption assistance, and a 401(k) plan with company match.
• These benefits are available to eligible full-time and part-time employees.