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Velocity Risk
Nashville, TN | Full Time
$71k-92k (estimate)
2 Weeks Ago
Underwriter I
Velocity Risk Nashville, TN
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$71k-92k (estimate)
Full Time 2 Weeks Ago
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Velocity Risk is Hiring an Underwriter I Near Nashville, TN

Job Description

Job Description

By innovating the connection of risk and capital, Velocity Risk delivers specialty property insurance in catastrophe prone communities. Embracing Nature’s volatility and turning “problems” into potential, we are transforming old insurance practices. Our uncommon approach to business creates uncommon careers where employees are empowered to flourish.

Are you someone looking for a role that will challenge you to step outside your comfort zone? Are you looking to join an innovative, collaborative team environment that allows you to learn from others and grow in your career? If you, you are just the type of person that will fit into our distinctive culture.

As a Middle Market Underwriter I, you are responsible for analyzing and underwriting business for Commercial Lines to meet Combined Ratio and capital metric goals. You will be responsible for assisting the Commercial Lines team in underwriting their book of business while assisting in coaching and developing a team of Underwriting Assistants. You will utilize your underwriting familiarity and experience to help determine risk acceptability, pricing, underwriting guidelines, developing positive agency relationships within assigned territories, auditing underwriting files and accounts and improving on underwriting processes. Partnering with other departments and your colleagues, you will provide insights and feedback on ways to further improve and develop the products and services Velocity Risk offers.

You will thrive in this position if you have these core capabilities…

  • Communication – superb skills in writing and verbally communicating
  • High attention to Detail – focused and attentive to correct data and pinpointing any inaccurate information quickly and efficiently
  • Highly organized and prioritized – systematic record keeping skills and able to recognize time sensitivity and adapt accordingly
  • Proven capability for confidentiality

The core responsibilities for this role are…

  • Assisting Underwriter II’s and Senior Underwriters with accountabilities and business goals through effective underwriting practices: risk determination, pricing, coverage, appropriate terms and conditions with defined limits/authority and excellent underwriting guidelines.
  • Creating stable and productive producer relationships within assigned territories and fostering pre-existing partnerships.
  • Assisting with account pipelines and pre-underwriting accounts by performing: account qualification and research, creating of modeling requests, forms review, completing risk assessment reports, including pricing recommendations.
  • Draft quotations, binders, and endorsements
  • Coach and mentor developing Underwriting Assistants.

Demonstrated Experience for success in this role…

  • Bachelor’s degree (Risk Management or similar) or equivalent industry experience
  • 1 years of commercial insurance experience
  • Professional insurance designations a plus
  • Proficiency in Microsoft suite (Excel, Word, PowerPoint, Outlook)

Velocity Risk provides equal opportunity to everyone, and we do not tolerate discrimination or harassment to anyone.

We strive to ensure our employees have the best experience possible! We provide comprehensive and competitive benefits packs for our full-time employees.

  • Medical, Dental, and Vision fully subsidized by Velocity
  • Health Savings Account with employer contributions
  • 401k after 6 months of employment
  • Education and Certification Reimbursement and Bonus programs
  • Paid Time off and company Holidays with floating holidays for flexibility
  • Gym membership reimbursements
  • Volunteer rewards and “give-back” initiatives
  • In-office lunch provided

We are a hybrid team (2 days remote, 3 days in office).

Velocity Risk participates in E-Verify. https://e-verify.uscis.gov/web/media/resourcesContents/E-Verify_Participation_Poster.pdf

Job Summary

JOB TYPE

Full Time

SALARY

$71k-92k (estimate)

POST DATE

04/28/2024

EXPIRATION DATE

05/16/2024

WEBSITE

velocityrisk.com

HEADQUARTERS

NASHVILLE, TN

SIZE

50 - 100

FOUNDED

2015

CEO

CANDACE BARROW

REVENUE

$10M - $50M

INDUSTRY

Banking

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About Velocity Risk

Velocity Risk Underwriters, LLC offers residential and commercial property insurance programs in higher risk catastrophe exposed coastal areas around the country. With carriers rated A by A.M. Best, and an appetite for significant coastal exposure, Velocity Risk Underwriters, LLC occupies a unique niche that focuses on delivering competitive pricing, innovative products and a common-sense underwriting philosophy in these higher risk markets. Velocity Risk Underwriters, LLC is different in many ways from other carriers: All our carriers are A.M. Best A rated or better. With substantial capita...l backing our business is dedicated to both coastal risks and long term market participation. Admitted paper for peace of mind and guarantee fund protection along with Non-Admitted paper option. Large appetite for all residential coastal risks, including wind only. Velocity Risk Underwriters offers competitive pricing and a high quality product offering. More
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