Associate Underwriter - Specialty Construction

Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group's member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty and property and casualty operations, there are always opportunities here to learn and grow.

At Great American, we value and recognize the benefits derived when people with different backgrounds and experiences work together to achieve business results. Our goal is to create a workplace where all employees feel included, empowered, and enabled to perform at their best.

Great American's Specialty Construction Division provides loss-sensitive practice policies and wrap-up solutions to the construction industry focusing on workers’ compensation and general liability insurance for general contractors, large trade contractors and owners.

http://www.greatamericaninsurancegroup.com/about-us/business-operations/division/specialty-construction

Our Specialty Construction Division is looking for a Senior Associate Underwriter. The ideal candidate should have experience with Large Deductible and SIR policies, and Wrap Up program. This position will either be based in our Windsor, CT office, which offers a hybrid work environment, or completely remote.

Essential Job Functions and Responsibilities

• Conducts comprehensive reviews and evaluations of underwriting and operations applications, ensuring they align with Company policies and underwriting guidelines.
• Collaborates with underwriters and brokers/agents to obtain additional information and clarify application details.
• Analyzes relevant data, including financial statements, property valuations, and loss histories to assess risk exposure.
• Prepares and maintains underwriting files, ensuring all documents and approvals are properly filed.
• Compiles reports on risk evaluations, policy statuses, and portfolio performance for underwriters and management.
• May underwrite new and renewal policy transactions within written authority.
• Enters and audits policy information on an assigned product, territory and / or agency in accordance with template rules.
• Reviews premium and loss data on an individual account as part of renewal underwriting, change underwriting, or mid-term underwriting.
• Orders, evaluates, and takes appropriate action on required reports, endorsement requests, service requests, and general correspondence.
• Research and respond to complex questions from brokers/agents.
• Evaluate and classify business, perform rating and develop sample policies in a timely manner in support of the quoting process.
• Issue and bill policies within SLAs
• Monitor the Wrap Up enrollment mailbox for insured requests and manage to a 48-hour processing SLA.
• Determine renewal & non-renewal status for wrap up programs or practice policies. Process non-renewals in a timely manner in accordance with state insurance regulations. Calculate renewal exposures, process and issue renewal policies within policy effective months.
• Oversee the premium audit process in collaboration with the Premium Audit Team. Act as a liaison between the Wrap Up administrator and the Premium Audit Team resolving any premium audit needs. Process and issue the final premium audits within 90 days of policy expiration.
• Participates in various departmental initiatives, including updates and enhancements to forms and interfaces, conducting user acceptance testing for systems and policies, and evaluating the impact on existing policies and practices.
• May provide guidance to less experienced staff and serve as a resource to other functional areas.
• Performs other duties as assigned.

Job Requirements

• Education: Associates Degree in Business, Finance, or a related field or equivalent experience.
• Experience: Generally, a minimum of 10 years of experience in Underwriting or Operations. Experience with Large Deductible and SIR policies, and Wrap Up programs. Beginning or continuing progress toward 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).

Scope of Job/Qualifications:

• Performs specialized duties utilizing often-complex processes/procedures on a variety of assignments.
• Utilizes advanced procedural knowledge, skills, and experience to accomplish work.
• Demonstrates advanced knowledge of coverage and forms, provisions for policies written within the assigned territory/unit, workflow and systems.
• Strong analytical skills with attention to detail.

Job is non-exempt in Washington.

Business Unit:

Specialty Construction

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.

Your recruiter can provide more details about our total rewards and specific compensation ranges during the hiring process.