New Business Underwriter [Remote]

About Converge  

Converge fuses cyber insurance security and technology to provide businesses with clear, confident cyber protection. Deploying a proprietary data ecosystem underpinned by expert underwriting, it provides risk solutions that deliver high value strategies with improved outcomes. Our team is composed of top-tier professionals across underwriting, technology, and claims who share a passion for driving the future of cyber risk management. 

Position Overview  

This position is responsible for all underwriting tasks related to assigned underwriting files to promote premium growth and target loss ratio results. Responsibilities include meeting key performance metrics related to service guidelines, compliance, and portfolio management. 

Key Responsibilities  

• Maintain and underwrite a profitable portfolio of Cyber Liability, Technology E&O, Media Liability, and other E&O coverages. 

• Evaluate, select, and price cyber insurance policies to achieve premium and profitability goals in accordance with underwriting guidelines and authority. 

• Monitor key performance metrics, including quote, bind, and claims ratios, and take appropriate responsive action to meet business objectives. 

• Develop and manage assigned relationships with partners, brokers and agents and ensure proper servicing of accounts. 

• Participate in conducting internal underwriting audits to ensure compliance with all applicable guidelines. 

• Work closely with other parts of the business, including product, claims, and technology, to ensure proper execution of underwriting processes.

• Comply with corporate policies, procedures, regulations, and applicable code of conduct. 

• Bachelor's degree. 

Qualifications & Experience  

• Must have 1-5 years in cyber underwriting. 

• General commercial and financial knowledge. 

• Communication skills across functional areas. 

• Knowledge of underwriting processes and systems. 

• Client service experience. 

• Working knowledge of cyber insurance coverages and claims process. 

• Ability to manage time and priorities and execute on timelines. 

• Knowledge of Microsoft Office Suite and other business-related software. 

• Ability to travel up to 15% as necessary. 

Education  

• Bachelor's degree. 

Physical Requirements  

• Prolonged periods sitting at a desk and working on a computer. 

• Ability to lift up to 15 pounds occasionally. 

• Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions. 

Compensation & Benefits  

• Pay Range: $75,000 – $135,000 annually (commensurate with experience and location).
• Total Compensation Context: This role may be eligible for annual performance bonuses and equity participation.

• Benefits Overview: Converge provides comprehensive health benefits (medical, dental, vision), a 401(k) plan with employer contribution, and flexible paid time off (PTO). 

EEO Statement 

Converge Insurance is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Employment decisions are made without regard to race, color, religion, sex (including pregnancy, gender identity, or sexual orientation), national origin, age, disability, veteran status, or any other legally protected characteristic.