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Underwriting Careers at Industry Leaders

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Senior Underwriter, Team Lead

W. R. Berkley

W. R. Berkley

Marketing & Communications
Jersey City, NJ, USA
Posted 6+ months ago

Senior Underwriter, Team Lead

Location Name TX, San Antonio
ID
2023-9785
Date Posted
2 weeks ago(5/23/2024 10:41 AM)
Company
Nautilus Insurance Group
Primary Location
US-TX-San Antonio
Loc2
AZ, Scottsdale - 7233 E Butherus Drive
Category
Underwriting

Company Details

As an elite Excess and Surplus Lines market, Nautilus Insurance Group offers commercial property and casualty insurance solutions to appointed wholesale surplus lines producers countrywide. We have specialized in providing these solutions for more than 35 years.

We have more flexible policy terms and premium rates on a non-admitted basis. Our focus is small to medium Property and Casualty risks on both an admitted and a non-admitted basis.

Our offerings are distributed through partnerships with appointed wholesale surplus lines producers. Our relationships are defined by mutual success, speed to market, customer-centric focus and an expanded appetite.

Coverage placed by Nautilus Insurance Group is provided by Nautilus Insurance Company and Great Divide Insurance Company, both W. R. Berkley Corporation members with A.M. Best (Superior) A+ XV ratings.

Benefit Highlights:

  • Paid Parental Leave! At Nautilus, we offer Childbirth Recovery Leave as well as Primary Caregiver Leave, for up to a maximum of 12 weeks of paid leave.
  • Nautilus offers Medical, Dental, and Vision coverage options, along with Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA) choices
  • We help our employees feel secure by providing a 401(k) program, profit sharing, stock purchase plan, life insurance, and travel accident insurance options.
  • One of our core values is “Committed to Serve” and these aren’t idle words. We provide every employee one paid day off per year to volunteer at a local charity. That’s serving with a smile!
  • We take risk management excellence and your professional growth seriously by offering Tuition Assistance and Industry-Related Education and Exam programs.
  • Can you hear us now? Employees are eligible for special cell phone service discounts with Verizon and AT&T. We’ve got a plum position for you! We participate in the Plum Benefits program offering employees cost-free access to thousands of exclusive travel and entertainment discounts.
  • Flexible work arrangements, including working from home 1 day a week.

Responsibilities

Nautilus Insurance Group is seeking a Senior Underwriter, Team Lead to join our team!

In this role, you will provide support to the underwriting process, making appropriate decisions within your underwriting assigned authority levels. We will look to you to provide professional internal and external customer interactions, and coach others in the development and deepening of agency relationships - especially in the mentoring of newer underwriters taking on new agency relationships. You are expected to share the underwriting philosophy with your team to create a consistent approach. Your priority is to influence, grow, and impart knowledge to the team

  • Identify and develop plans to expand agency relationships with assigned offices.
  • Coach and prepare underwriters to develop new relationships with agency partners, additional sources of profitable production, and ensure smooth underwriter re-assignments.
  • Lead and assist team with identification and analysis of agency staff to develop plans and approaches for building deeper agency relationships.
  • Assess new and renewal accounts to determine acceptability based on NIC underwriting guidelines and authority granted.
  • Review new and renewal accounts to verify issuance is in compliance with NIC underwriting guidelines, address discrepancies as needed, and enter information into appropriate systems.
  • Establish types and limits of coverage to be provided.
  • Create, analyze, and interpret data from various systems and underwriting resources.
  • Monitor production, profitability, and maintain agency relationships.
  • Collaborate with underwriting team as well as other departments on underwriting philosophy.
  • Effectively communicate (written/verbal) information to both internal and external customers to ensure our standards of excellence are maintained.
  • Consult with agency staff to obtain additional information on existing accounts.
  • Promote consistency throughout underwriting teams by contributing knowledge and soliciting feedback relative to underwriting philosophy and company goals.
  • Maintain confidentiality with discretion and integrity with both internal and external information.
  • Maintain familiarity with state laws and filing requirements within assigned territory to properly transact business within a state.
  • Consult with underwriting team to determine if reinsurance is needed and negotiate terms with designated reinsurer companies.
  • Identify and recommend changes to policy verbiage when standard text is not appropriate. Seek manager approval before implementing.
  • Monitor the amount of insurance in force on a single risk or group of closely related risks. Evaluate the possibility of catastrophe losses and take necessary action.
  • Occasionally assist with the development of special programs, underwriting procedures, and educational seminars.
  • Compose reports and business correspondence such as travel summaries, agendas, and meeting minutes.
  • Coordinate internal and/or external visits including, but not limited to, scheduling meetings, confirming staff availability, and arranging meals/entertainment.
  • Provide guidance and support to less experienced team members within the department.
  • Travel to agent offices and/or other external events is required.
  • Perform other duties as assigned.

Qualifications

  • Bachelor's degree; or at least two years’ experience in a business or related field; or an equivalent combination of training and experience that provides the required knowledge, skills, and abilities.
  • AIS, ASLI, AU, and CPCU designations or completion of other insurance-related classes is preferred.
  • A minimum of five (5) years’ experience as an Underwriter.
  • Basic knowledge of computer programs in a Windows environment, including Word, Excel, and Outlook.
  • Able to learn and utilize various underwriting applications to determine accurate classifications and calculate rates and premium charges using approved rating methods.
  • Excess and surplus lines background is strongly preferred.
  • Able to compute rates, ratios, and percentages.

Additional Company Details

The Company is an equal employment opportunity employer

We do not accept any unsolicited resumes from external recruiting agencies or firms.

The company offers a competitive compensation plan and robust benefits package for full time regular employees.

The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

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