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2 Underwriter - Binding Authority Administrator (Flex Home/Office) Jobs in Madison, WI

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Underwriter - Binding Authority Administrator (Flex Home/Office)
$120k-158k (estimate)
Full Time | Insurance 1 Month Ago
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American Family Insurance is Hiring an Underwriter - Binding Authority Administrator (Flex Home/Office) Near Madison, WI

Position Compensation Range:

$76,000.00 - $125,000.00

Pay Rate Type:

Salary

Compensation may vary based on the job level and your geographic work location.

You will be in a senior-level role that supports underwriting operations. The focus of this role shifts to either expert underwriting and risk evaluation or project work that improves the efficiency of the underwriting operations area. You will make recommendations that enhance guidelines/policies, systems or compliance efforts. You will provide guidance to less experience staff on most complex cases. You will develop metrics and analyze information to make recommendations that impact profitability trends. This level may be used for field underwriters that have significant exposure to customers and agents. You will report to the Sr. Manager, Insurance Operations.

Risk Analysis (70%)

  • You will develop, analyze and evaluate information and exposures on complex risks for third party insurance carriers. You will evaluate risk characteristics and trends for appropriate selection of coverages and appropriate pricing.
  • You will use risk characteristics and trends to guide individual risk pricing, coverage, terms and conditions.
  • You will review and analyze claims and loss history, taking into consideration appropriate action on individual accounts and/or program or territory.

B&A Binding Authority Research and Best Practices (20%)

  • You will provide underwriting performance expertise and perspective to B&A Insurance Solutions management team on an ongoing basis.
  • You will serve as the expert resource within B&A Insurance Solutions for data integration, interpretation and presentation.
  • You will use expert knowledge of surplus lines and competitive markets to proactively identify trends and root causes that affect profit and growth. You will evaluate effect on business results and influences actions of B&A Insurance Solutions leadership and insurance carrier partners.
  • You will work with divisional leadership to develop management and executive level reports and presentations as requested.
  • You will identify opportunities to improve business practices or procedures. You will monitor effectiveness of current products and recommend changes or enhancements to leadership.
  • You will develop, implement and monitor long term and short-term strategies for creation, maintenance, enhancement, and replacement of risk pricing, terms and conditions.

Industry Research & Relationship Management (10%)

  • You will develop and cultivate positive business relationships with co-workers, agents, and carriers.
  • You will develop strong knowledge of industry and competitor activities by attending industry functions while building and maintaining relationships with peers within the industry.
  • You will establish rapport with agents and sales management in their area of operation. You'll serve as a resource for the field force and sales management.
  • You will utilize business relationships and personal acumen to bring new innovative product ideas to management for use in distribution model with carrier partners.

Qualifications

  • Underwriting experience in specialty lines or commercial
  • Solid knowledge and understanding of surplus and specialty insurance.
  • Excess & Surplus lines experience
  • Agency management system experience

In this flex office/home role, you will be expected to work a minimum of 10 days per month from either Madison, WI 53783 or Boston, MA 02110

#LI-Hybrid

Internal candidates are encouraged to apply regardless of location and will be considered based upon the needs of the role.

We encourage you to apply even if you do not meet all of the requirements listed above. Skills can be used in many different ways, and your life and professional experience may be relevant beyond what a list of requirements will capture. We encourage those who are passionate about what we do to apply!

We provide benefits that support your physical, emotional, and financial wellbeing. You will have access to comprehensive medical, dental, vision and wellbeing benefits that enable you to take care of your health. We also offer a competitive 401(k) contribution, a pension plan, an annual incentive, 9 paid holidays and a paid time off program (23 days accrued annually for full-time employees). In addition, our student loan repayment program and paid-family leave are available to support our employees and their families. Interns and contingent workers are not eligible for American Family Insurance Group benefits.

We are an equal opportunity employer. It is our policy to comply with all applicable federal, state and local laws pertaining to non-discrimination, non-harassment and equal opportunity. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law.

#LI-RS1

Job Summary

JOB TYPE

Full Time

INDUSTRY

Insurance

SALARY

$120k-158k (estimate)

POST DATE

03/17/2024

EXPIRATION DATE

05/16/2024

WEBSITE

kuhlmanservices.com

HEADQUARTERS

O'fallon, MO

SIZE

<25

INDUSTRY

Insurance

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