-

This position is a part of our Core Specialty Leaders in Training, full-time rotational leadership development program. Please see below the Underwriting Associate job posting to learn more about this exciting program!

Job Description - Underwriting Associate - D&O

The Underwriting Associate - D&O is a valued member of our Directors & Officers team. The person in this position will be responsible for examining & analyzing submissions forwarded to Core Specialty by broker partners to determine if the risk is a targeted class of business and subsequently to determine appropriate limits, pricing & terms that will provide Core Specialty with adequate underwriting profit on each risk.

Key Accountabilities & Deliverables:

• Execution of Miscellaneous D&O business plans and objectives including:
  • Build Core Specialty’s reputation and presence in the product liability market
  • Provide prompt and accurate customer service on policy transactions
  • Ensure all risks considered and bound are within delegated authority, underwriting standards, risk selection, peer review and pricing methodologies
  • Provide documented evidence of underwriting activities and decisions in files as required
  • Support Company and Department goals and objectives
  • Build Core Specialty’s relationships with our broker partners
• In addition to the above key responsibilities, you may be required to undertake other duties from time to time as the Company may reasonably require.
• Carry out duties within our internal policies and procedures in accordance with applicable law, rules, regulation, good governance and Core Specialty’s shared values, including putting clients at the heart of our business.

Technical Knowledge & Understanding:

• Strong knowledge of Private D&O underwriting industry
• Knowledge of Private D&O underwriting practices, coverage & pricing/rating methodologies
• Strong knowledge of producer & competitor marketplace
• Strong knowledge of targeted industries
• Strong knowledge of insurance company operations
• Solid understanding of policy wordings and clauses
• Up-to-date knowledge of the insurance market environment

Qualifications:

• Must be a college senior or graduate student for the 2023-2024 academic year, or an early career's professional.
• Will have successfully completed either a bachelor's or master's degree by May, 2024. Focus in Risk Management/Insurance preferred
• Industry designation such as RPLU or similar is a plus
• Strong written and verbal communication skills are essential
• Understanding of insurance terminology required
• Proven analytical, decision-making and problem-solving skills
• Proficiency in Microsoft Office including Word, Excel, Outlook and Access.
• Must be able to travel monthly to meet assigned brokers in the region.
• Must be eligible to work in the U.S. without current or future sponsorship

Core Specialty Leaders in Training Program

The Core Specialty Leaders in Training Program is a two-year, three rotation program designed to help you develop the technical competencies and leadership acumen to kick-start your career. You'll have the opportunity to do a deep dive and build expertise in your chosen track by getting to experience rotations in different areas of your function.

You worked hard to achieve your dream of obtaining a college degree, now it's time to do the same as you launch your career in Core Specialty's Leaders in Training Program. We believe that the best way to figure out where you want to go in life is to try new things. Let us give you the opportunity to explore an exciting career path in a supportive and encouraging environment where every ambition is within reach.

Our Leaders in Training program is designed to help you build your career as a leader of tomorrow. As a participant in this program, you will have the opportunity to build deep professional, company and industry expertise through meaningful assignments, networking and real-world experiences.

Our Benefits

At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program.

-

At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program